Global Desktop IP Phone Market is valued USD 75.32 Billion in 2019 and is projected is to exhibit 0.5% CAGR during the forecast period. The market is projected to be around USD 78 Billion by 2026. The market is driven by the rapid increase in the development of connected IoT devices.

A desktop IP telephone system uses packet-switched Voice over IP (VoIP) or internet telephony, to send telephone calls over the internet as opposed to the circuit-switched telephony used by the traditional Public Switched Telephone Network (PSTN). IP telephone systems typically contain a VoIP private branch exchange (an IP PBX) and desktop VoIP phones (IP Phones) that connect to a VoIP service provider via a Local Area Network (LAN).
Desktop IP Phone Market Dynamics
The factors driving the growth of the desktop ip telephone system market are growing the adoption of desktop IP telephone system in various sectors such as manufacturing units, suppliers, distributors, service providers, and others. Furthermore, innovative technological advancements and value-added services provided by manufacturers are some factors boosting the growth of the Injectable Drug Delivery market.

Additionally, the growth of the desktop IP telephone system market is driven by industry players concentrating intensely on the implementation of desktop IP telephone system across corporate and individual customer sectors. At the same time, high initial set-up costs for desktop IP telephone system and connectivity & functionality issues are some key factors hindering the growth of the global Injectable Drug Delivery market. However, the development of more cost-effective Injectable Drug Delivery technologies and the production of multi-functionality IP phones that provide user-friendly interfaces can create major opportunities for players in the market.
Desktop IP Phone Market Insight
Based on the region, North America is expected to dominate the market of a desktop IP phone, due to the presence of global players in the U.S. Growing Organization sizes and increasing application area of the desktop IP phone is supporting the market desktop IP phone in North America. Europe holds the second-largest market in the desktop IP phone market. However, Asia-Pacific has emerged as a faster-growing market, due to the developing economy of Asian countries India and China.
Desktop IP Phone Market Segmentation
The global Desktop IP Phone Market is segmented into Type, application, and region. On the basis of the Type the market is divided into video desktop IP phone, common desktop IP phone. Based on application the market is segmented into office, hotel, residential, others. And based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Desktop IP Phone Market Competitive Landscape
The key players in Desktop IP Phone Market are listed as Cisco, Avaya, Polycom, Alcatel-Lucent, Yealink, Grandstream, NEC, D-Link, Escene, Mitel, Fanvil, Snom, and Other.