IDC report says VOIP could change the telecoms industry

IDC report says VOIP could change the telecoms industry
Tom Foremski
Making telephone calls over the Internet, known as voice-over-IP (VOIP), could revolutionise telecommunications industries says US market research firm International Data Corporation (IDC).
The firm says that the VOIP market this year is expected to reach $290m, up from $130m in 1998 and will exceed $1.8bn by 2003.
“The challenge will be for vendors and service providers to import the open model of PC applications development into the larger conceptual framework of the public switched telephone network. If this transformation is successful, it will herald an exciting new era of applications growth by enabling more competitive pricing among various types of service providers,” says IDC analyst Tom Valovic.
IDC warns that VOIP growth will depend on the adoption of industry standards and that a standards battle would delay the widespread adoption of the technology.

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