2005
Voice quality issues have long since been addressed and VoIP traffic can be prioritized over data traffic to ensure reliable, clear sounding, unbroken telephone calls. Revenue from VoIP equipment sales alone are projected to reach around $3 billion this year and are being forecast to be over $8.5 billion by the end of 2008. This is primarily being driven by low cost unlimited calling plans and the abundance of enhanced and useful telephony features associated with VoIP technology.
This is a phenomenal growth rate and with the rapid introduction of Video over IP fueling demand, the future of this technology is truly exciting and will enable us to enjoy products that our grandparents and even parents never thought were possible. Video over IP follows the same concept as VoIP but in this case enables the transmission of video signals. As such, video phones are becoming more common than you would think, and many companies are already offering attractive packages. One of our featured partners, Packet8 already has a video phone offering.
Voice over Internet Protocol, VoIP or Broadband phone service as it is often referred to, is changing the telephony world.
Traditional phone lines are slowly being phased out as businesses and households around the world embrace the benefits and features that VoIP technology has to offer.
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