Telephony Application Server Market to grow at a CAGR of 12%
The telephony application server market is estimated to grow by more than 12% CAGR from 2021-2031. Telephony application server used in the core network of a telecom network operator which provides additional multimedia functions and telephony applications.
Instead of traditional phone line, telephony application server uses internet connection to transmit data services and voice. Telephony application server can operates virtually, it doesn’t need physical connection. It operates on technologies such as VoIP (Voice over Internet Protocol) phone systems and Public Switched Telephone Networks (PSTNs).
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According to latest research, telephony application server market is set to witness highest growth during 2021-2031. The market will show highest growth in coming years, owing to adoption of alternative to traditional telephony systems, such as (Integrated Services Digital Network) ISDN and (Public Switched Telephone Networks) PSTN.
Moreover, security concerns and interoperability of telephony application servers is expected to restrict the growth of the telephony application server market.
What is Driving Demand for Telephony Application Server Market?
Growing adoption of alternative to traditional telephony systems, such as ISDN and PSTN is expected to propel the growth of telephony application server market. In recent years, increasing adoption of IP networks over traditional network due to reasons such as control capabilities along with the telephony application server service, reduced installation cost of multiple line for traditional telephone and internet services over telephony application server and higher Return on Investment (ROI) advantages augments the growth of the telephony application server market.
Growing Demand for Tablets and low-cost Mobile Phones is driving the adoption of Telephony Application Server Market
Telephony application server provides channels to their existing stocks to business organizations and provides local contact numbers to customers irrespective of their geographical location. Organizations are able to create virtual presence in different region and provides flexibility to customers.
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Also it helps to add new users to the existing infrastructure. The adoption of tablets and low-cost mobile phones is been increased over the years which ultimately propels the growth of the telephony application server in recent years.
North America Telephony Application Server Market Outlook
North America is anticipated to constitute a highest revenue growth in the telephony application server market over the forecasted period. Increasing adoption of smart devices and rising demand for internet in North America region propels the growth of telephony application server market.
North America shows significant growth in telephony application server market owing to adoption of advanced technologies such as VoIP (Voice over Internet Protocol and Public Switched Telephone Networks (PSTNs)) phone systems in telephony application server.
Rising demand for advanced communication services and tech-savvy gadget user base in North America region expected to drive the demand of the telephony application server market. Also North America has presence of key suppliers of pharmaceutical products including IBM, Microsoft, Oracle, Cisco, Red Hat, Adobe Systems, and SAP Presence of such top key player drives the demand telephony application server market in North America region.
Europe Demand Outlook for Telephony Application Server Market
Europe is the second largest contributor to telephony application server market, owing to technological innovations and adoption of advanced telecommunication infrastructure by large telecom companies in the top Europe region. France, Germany, Italy, France, and U.K. are the domination economies in Europe region considering the telephony application server market due to increasing adoption of tablets and low-cost mobile phones in region.
Europe has presence key vendors such as European Computer Telecoms AG, Nokia, and Telefonaktiebolaget LM Ericsson which invests their money in R & D in telephony application server in telecomm sector which fuels the growth of telecom industry in top economies in Europe region.
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The stringent government regulations about telecomm industry in countries like France, Germany, Italy, United Kingdom, Spain has been one of the major driving factor for the growth of the telephony application server market.
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