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The Explosive Growth of VoIP for Small Business

As technology makes advanced communications more accessible and more affordable to the public, Voice-over-Internet-Protocol (VoIP) is seeing a remarkable surge of popularity, especially among small businesses. Indeed, these days it seems we’re hard pressed to find a company that isn’t going with VoIP, and that trend will only continue. Global News Wire projects that by 2021, the VoIP services market will hit $140 billion, up from $83 billion in 2015. Meanwhile, VoIP Review predicts a market value of $194.5 billion by 2024, reflecting an increase of more than 130 percent in less than a decade.

What makes VoIP so popular, even necessary, for small businesses? Let’s look a few factors that may be driving the market.

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