Interconnected VoIP subscriptions in the US have shown remarkable growth over the years, starting from 47.95 million units in 2013 and reaching 76.23 million units by 2023. While the early years experienced strong year-on-year growth rates, including peaks of over 12% and 13% in 2013 and 2014 respectively, growth has gradually slowed, settling to a more moderate 2.9% in 2023.
Over the last two years (2022-2023), the VoIP subscription numbers exhibited a slight fluctuation: a decrease of 1.85% in 2022, followed by an increase of 2.9% in 2023. This indicates market stabilization following earlier surges. The Compound Annual Growth Rate (CAGR) for the past five years (2018-2023) averaged at 3.23%, reflecting the slowing but steady increase in subscriptions.
Future projections suggest that interconnected VoIP subscriptions in the US will continue to grow, reaching 86.51 million units by 2028. The forecasted CAGR for the next five years (2024-2028) is estimated at 1.93%, highlighting a trend towards slower but consistent growth, leading to a 10% total increase over the period.
Future trends to watch include advances in VoIP technology, integration with other communication platforms, and the impact of 5G and other network infrastructure improvements, which can enhance VoIP service quality and potentially drive further adoption.