Boston’s Yahoo Group recent “2007 US Consumer VoIP Subscriber Forecast” predicts that the Consumer VOIP market will grow to reach 37 Million Subscribers by 2011. According to the release, the VOIP market grew by 125% and reached 9 million subscribers in 2006 which is lead by cable MSOs and broadband VoIP providers.
Additional key findings from this forecast include:
- At 167%, cable VoIP experienced the strongest growth in 2006.
- The majority of residential VoIP subscribers will subscribe to bundles from cable companies by 2011.
- The broadband VoIP market continues to see greater competition, with new market entrants bringing innovative solutions.
- There is significant potential for VoIP with FTTH in the market, considering the ongoing initiatives by Verizon with FiOS and AT&T with U-verse.
The growing pains behind technology such as VOIP continue to be due to lack of consumer education and limited resources being dedicated to marketing of these kind of disruptive technologies. This of course is great opportunity for companies such as Toronto based Talkster to crave their own piece of the pie while we’re still in the early days of VOIP technology.
