The year was 2010 when V1 VoIP made the prediction that by 2015 VoIP usage (the voice over internet protocol market) would double to $40 billion. It looks like we were right!
Research firm Point Topic showed that in 2010 the global growth of fixed-line VoIP services grew 12.6% with $17.3b revenue. As far back as March 2010, the U.S. Federal Communications Commission (FCC) said that consumer and business use of VoIP rose 21 percent in the year to June 2010 while usage via traditional lines fell 8 percent.
“VoIP has all the hallmarks of a classic substitution commodity,” Point Topic senior analyst John Bosnell said. “We expect there to be over three quarters of a billion fixed line broadband subscribers by the end of 2015, in theory all of them are targets for VoIP.”
The research firmed warned, however, there were so many variables that forecasts could easily be off by a wide margin. An increasing number of subscribers for example have no fixed line telephone service at all, relying instead on mobile.