What is the looming 2008 US recession doing to the Voice over Internet Protocol VOIP industry?
What is the looming US recession doing to the Voice over Internet Protocol VoIP industry?
It is well known that the current situation in the United States has caused a significant slowdown in the economy. This sinister event is being observed with: skyrocketing gas prices, rising prices for precious metals like gold, falling US dollar, high unemployment rates, and plummeting home values. All of this leads to lower business-to-business (B2B) and consumer-to-business (C2B) spending. These elements have stoked the media firestorm and scared many Americans.
On a positive note, VoIP is very inexpensive compared to traditional PSTN phone services, so it is in a good position to weather a cyclone like the likely impending US recession. More businesses could switch to VoIP to save money. . This is especially true due to high travel costs due to rising fuel prices. VoIP allows employees to telecommute at reduced prices. Webex and 1videoconerence, also known as vmukti, are examples of low-cost video conferencing providers. The conference is a green solution because it allows people to get into airplanes and cars less frequently, which saves on personal carbon footprint. If some small VoIP termination providers close due to this virtual recession, other companies will be able to increase their share of the Voice over IP market pie, improving their bottom line. VoIP customers will benefit from the VoIP provider’s price reduction due to excess network capacity. It may be brutal, but the VoIP industry is better established than it was in 2001, and it won’t be crushed indefinitely.
On the downside of the spectrum, companies using VoIP can cut it down. VoIP service providers must be able to handle small amounts of traffic, or they may not get any business. VoIP software providers and equipment manufacturers will see lower sales due to the downsizing of businesses. They will need to find creative new ways to get more business with less demand.
The service delivery platforms provide VoIP service providers with hosted PBX solutions, callbacks, SIP blocking solutions, policy control, soft phones and other functions. Providing open source technology that makes many of its services free and available to all is one way that hosted platforms for network and application providers are overcoming the problems that the looming recession is causing. Open source initiatives are growing internationally faster than on American soil due to more aggressive ownership attitudes in the US and a lazy attitude abroad.
We will have to wait and see how all of this is resolved, and how far the depression of this near recession will go. Nonetheless, the VoIP industry appears to be in good shape. Perhaps VoIP industry analysts are right because the already low costs of VoIP will not affect the VoIP industry as much as a luxury goods manufacturer that is highly vulnerable to a faltering economy like Apple, which makes mp3 players. Ipod, iPhone, Apple TV, accessories. and more. Perhaps industry experts are relying too heavily on how VoIP will hold up in the likely recession. I think that in this case the first is correct.