VoIP Growth Vastly Outpacing Traditional Voice
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VoIP system sales dwarfed those of traditional voice systems for the year ended in June 2005, according to a new research report issued Monday by investment firm Merrill Lynch.
As of June, VoIP system sales grew 31 percent year-over-year, while sales of legacy voice systems declined by 20 percent during the same period, according to the report.
The drop in sales of traditional voice systems apparently cancelled out much of the momentum VoIP system sales gave to the overall telephony market, which grew only 2 percent year-over-year, to $2.24 billion, according to New York-based Merrill Lynch.
VoIP system sales dwarfed those of traditional voice systems for the year ended in June 2005, according to a new research report issued Monday by investment firm Merrill Lynch.
As of June, VoIP system sales grew 31 percent year-over-year, while sales of legacy voice systems declined by 20 percent during the same period, according to the report.
The drop in sales of traditional voice systems apparently cancelled out much of the momentum VoIP system sales gave to the overall telephony market, which grew only 2 percent year-over-year, to $2.24 billion, according to New York-based Merrill Lynch.
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