Worldwide VoIP service revenue jumped 66% to $15.8 billion in 2006 after more than doubling in 2005, and is expected to more than triple by 2010, says Infonetics Research in its new "VoIP Services and Subscribers" report. Hosted VoIP services continue to outpace managed IP PBX services by far, with residential services fueling the market, but the business segment is also growing, and will continue to, the report says.
"Asia Pacific has been leading the VoIP services scene for a couple of years, with Japan's SoftBank pioneering the service and taking a strong lead, but the EMEA and North America regions have gained some ground at the expense of Asia in the last two years. The Latin American-Caribbean region is also posting impressive growth and gaining share," said Stéphane Téral, principal analyst at Infonetics Research and author of the report.