Web apps and mobile apps are radically transforming all around us. In effect, the global population has become more tech navy which is influencing the overall market growth. The terminal equipment comprises of smartphones, wearables, soft phones, tablets, IP phones, to name a few.
Rising convergence services demand for email, audio conferencing, chats, voice mail, to name a few is expected to significantly impact the industry.
According to Research and Markets, Rising consumer demand for affordable voice communication equipment are anticipated to offer lucrative growth opportunities in the coming years; while heavy network and bandwidth management is expected to hinder the growth of the global voice communication equipment market.