North America VoIP Market By Service Type (Hosted Business IP PBX Service, SIP Trunking Service, Managed IP PBX Service) By Call Type(International VoIP Calls, Domestic VoIP Calls), By Access Type(Phone to Phone, Computer to Computer, Computer to Phone), By Application (IT & Telecom, BFSI, Government & Public Sector, Healthcare, Retail, Education, Hospitality, Others) and Country

North America VoIP Market size was valued at US$ 18,348.9 million in 2023 and is expected to grow at a significant CAGR of 4.9% from 2024-2030. The global market provides a detailed overview that can be segmented by Service Type, Call Type, Access Type, and Application. By Service Type, the North America VoIP market has been segmented into Hosted Business IP PBX Service, SIP Trunking Service, and Managed IP PBX Service. The Hosted Business IP PBX Service segment is likely to be the largest and fastest-growing segment in terms of type.

Based on the Call Type, the market is segmented into International VoIP Calls and domestic VoIP Calls. Among these, the International VoIP Calls segment is expected to have the fastest-growing market during the forecast period. Based on access type, the North America VoIP market is segmented into Phone to Phone, Computer to Computer, and Computer to Phone. The Phone-to-Phone segment accounts for the largest share in 2022. Computer to Computer is the second-largest share during the forecast period. Based on the Application has been segregated into IT & Telecom, BFSI, Government & Public Sector, Healthcare, Retail, Education, Hospitality, and Others. The IT & Telecom segment is expected to dominate other segments in the North America VoIP market. The IT & Telecom segment is expected to witness the highest CAGR during the forecast period according to Precision Business Insights.  

North America Voip Market Key Development:

In 2019 Verizon Communications Inc., collaborated with Microsoft Corporation to provide integrated connectivity and VoIP services for Microsoft Teams users. A slew of such developments is projected to elevate the sales of VoIP services in the North American market.