Analyst sees "huge" growth potential for VoIP

08 February 2008

The market for business use of voice over internet protocol (VoIP) is potentially "huge", an industry analyst has reportedly said.

According to Comms Business, international research firm IDC said in its five-year forecast for the VoIP market in western Europe that the total value of VoIP applications will grow from its 2006 level of $194.8 million (£99.92 million) to around $2.25 billion by 2011.

The market's compound annual growth rate will also reach 63.1 per cent, it said.

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