Business communication is paramount to your company’s success, no matter your size or industry. You should always make sure that you have all the best (and most relevant) phone systems tools and features at work in your company to thrive-which may mean it’s time for an upgrade in 2019.
If you’re considering implementing a new phone system or upgrading your existing communication tools, here are five key things you should know about making the switch to VoIP in 2019.
VoIP technology has been growing swiftly in business adoption, and the growth hasn’t yet reached a pinnacle. According to Market Watch, the VoIP market is positioned to experience another high-growth period between now and 2024, at which point they predict the VoIP services market will top $190 Billion USD. Persistence Market Research concurs, but with slightly higher expectations, placing their VoIP market predications at over $195 Billion USD by 20204.
VoIP is also surging in business popularity because of all the great benefits it offers for companies of all types and sizes. VoIP solutions have scalable pricing that make it an affordable option for small businesses, but the systems are also rich in tools and features that will support communications on a larger scale as needed by enterprise companies. Some of the other top benefits of VoIP include:
One of the most compelling business reasons for making the switch to VoIP communications is cost-savings. With VoIP, you don’t have to worry about upfront hardware costs or system maintenance fees and staff.
In fact, Telzio asserts that 99 percent of companies who switch to VoIP experience costs savings ranging from 50 to 75 percent. These savings only account for what you’re likely to save in your operational expenses but you can save further in other areas of your business as well, such as travel expenses, by using VoIP features that support video conferencing to connect in a more personal and meaningful way with people all around the world without having to be in the same location.
Communication is a major competitive advantage every year in business, but there are many advancements coming down the pike to continually innovate the business mainstays of connection and collaboration. As a result, VoIP is positioned for change, and for the innovative better in many aspects that will help fuel your business, such as AI tools and the upcoming increase to 5G network speeds that mobile carriers are preparing to fully roll out in 2020.
VoIP can help you communicate more effectively, and make deeper connections with your employees, partners, and customers. You can also save a lot of time in bringing new product ideas or marketing initiatives to life through enhanced collaborations and streamlined operations. This can mean big shifts for your business by increasing your speed to market and differentiating your company from the competition by embracing leading technology.
Like what you just read? At Wheelhouse, we are passionate about all things software, and our specialty is connecting software buyers to an enterprise solution that perfectly matches their needs.
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Just the Facts, Please: Your Go-To List of Cold, Hard VoIP Statistics http://thevoipreport.com/article/cold-hard-voip-stats/ [Accessed 14 February 2019]
Numbers Don’t Lie: Impressive Stats of VoIP https://bebusinessed.com/voip/numbers-dont-lie-impressive-stats-of-voip/ [Accessed 14 February 2019]
VoIP Services Market to Register High Revenue Growth of US $190 Billion During 2017 – 2024 https://www.marketwatch.com/press-release/voip-services-market-to-register-high-revenue-growth-of-us190-billion-during-2017---2024-2018-08-28 [Accessed 14 February 2019]