Global Market Size, Forecast, and Trend Highlights Over 2025-2037
VoIP Services Market size was USD 36.1 billion in 2024 and is estimated to reach USD 111.5 billion by the end of 2037, expanding at a CAGR of 9.8% during the forecast period, i.e., 2025-2037. In 2025, the industry size of VoIP services is evaluated at USD 39.6 billion by the end of 2025.
The global VoIP system production is dependent on a complex supply chain process interlinked to telecommunications hardware and software manufacturing components such as semiconductors, network infrastructure devices, and cloud computing. The study by the U.S. Bureau of Economic Analysis highlights that in 2024, the producer price index for communications equipment grew by 3.9%. This represented moderate cost growth for essential VoIP infrastructure components. According to the same source, the consumer price index for telecommunication services rose by 2.6% year-over-year. This underscored a strong enterprise demand for integrated voice and data solutions.
Furthermore, as per the analysis by the U.S. International Trade Commission, telecommunications equipment imports crossed USD 82.5 billion and USD 47.7 billion in exports in 2024. This highlights a stable import export trade of ICT or telecommunication-specific solutions, including VoIP. The silicon wafers and printed circuit boards, some of the raw materials used in the manufacturing of VoIP solutions, are primarily sourced from East Asia. The assembly operations are concentrated in China, South Korea, and Taiwan. This projects that Asia Pacific is emerging as an opportunistic market for VoIP manufacturers to expand their facilities.
