The volume of VoIP connections in Australia showed consistent stability from 2013 to 2019, maintaining at 3 units. Minor growth began in 2020, with a 5% year-on-year increase, bringing the value to 3.15 units, which remained constant through 2021. Notable growth was observed in 2022, with a 26.98% increase, reaching 4 units, a level maintained in 2023. The Compounded Annual Growth Rate (CAGR) for the last five years stands at 5.92%, indicating a moderate increase.
From 2024 onward, forecasts suggest a gradual increase in VoIP connections, reaching 4.5 units by 2028. The projected five-year CAGR is 2.01%, indicating a steadier but slower growth compared to prior years, with an overall forecasted growth rate of 10.44% over this period.
Future trends to watch for include advancements in VoIP technology, potential regulatory changes, and the increasing integration of VoIP services in smart home and business environments, which could drive further adoption and impact growth rates in the coming years.
