In China, the VoIP calls sector has exhibited steady growth from 2013 to 2023. The volume stood at 59 Unit Minutes Time in 2023, marking a gradual increase over the years. The growth has been modest with CAGR of 1.05% over the last 5 years. Year-on-year variation has remained relatively low, with values ranging between 0% and 1.82%. The latest actual data show no increase from 2022 to 2023, indicating a maturity phase in the market.
Forecast data from 2024 to 2028 suggest continued but slower growth, with a 5-year CAGR of 0.66% and an overall growth rate of 3.33%. The volume is expected to reach 62 Unit Minutes Time by 2028.
Future trends to watch for:
- Potential market saturation impacting growth rates.
- Innovations in VoIP technology and possible integration with emerging platforms.
- Regulatory changes affecting VoIP usage and telecommunications policies.
- Consumer shift towards mobile and unified communications platforms.