The voice-over-internet protocols used by many businesses in the technology sector were developed in the past ten years. However, the history of VoIP dates back to Bell Laboratories, where the telephone was first invented.
→ 1938: Invention Vocoder
The first electronic speech synthesizer, the Vocoder, was created by Homer Dudley (an engineer at Bells Labs), and it was unveiled in 1938 at the New York World’s Fair. It seamlessly records voice samples on one phone and recreates them on another. Check out this movie, which explains the history of the Vocoder in music, the military, cell phone technology, and more if you’re a nerd like me!
→ 1973: First Voice Data Packet Transmission
The “First Voice Data Packet Transmitted” occurred in 1973. Linear Predictive Coding (LPC), a speech analysis method depending on a linear forecasting model that first analyzes and then resynthesizes reduced forms of speech and voice signals, laid the groundwork for contemporary VoIP technology in that year.
→ 1989-1991: VoIP App Released as a Public Domain
The first wideband audio codec was shown to us in 1988, and between 1989 and 1991, the first VoIP application was made available to the general public.
→ 1993 – 1996: Audio Telepresence System
The first audio telepresence system was introduced in 1993, followed by the first VoIP application for commercial use in 1995, the first hosted PBX solution, and the development of SIP in 1996.
→ 1999: Asterisk, the first IP-PBX Launched
The first IP-PBX, Asterisk, was created in 1999. Following that, VoIP technology took off. Vonage and Skype were popular in 2003–2004, and mobile VoIP started to gain traction in 2005 and 2006. Many people now who have an unfavorable opinion of VoIP developed it mainly during this period, which we shall cover in more detail later in this essay.
→ 2010-2016: The Year of VoIP
As broadband internet quickly grew in prevalence and reliability, VoIP became mainstream between 2010- 2016. After that, we learned about unified communications, cloud telephony, VoIP, and remote work. That’s a brief look at VoIP’s development into what it is today.
→ Worldwide VoIP Industry Stats
Now we know how VoIP has evolved since it was grown. And today, it has become the preferred choice of professionals. Just look at these stats;
- Research showed that 52% of IT professionals prefer a VoIP solution to any other on-premise solution.
- In the eight years between 2010 and 2018, according to Statista, businesses in the United States added almost 35 million VoIP lines, bringing the total to 41.6 million.
- VoIP market size was over USD 30 billion in 2020, according to Global Market Insights. From 2021 to 2027, it is predicted to increase at a CAGR of 15%.
- Per the Persistence Market Research report, the global VoIP services market will likely witness substantial growth from 2017 to 2024. Additionally, it is predicted that by the end of 2024, the global market for VoIP services will generate US$ 194.5 billion in revenue
- According to Finances Online, US$183.7 billion is the projected global market size of VoIP software by 2027.
Meanwhile, by providing telecom services, Bravo Telecom spread awareness about the need and skyrocketing demand for finding more alternatives in this market. We did some digging to give a better picture for our readers to understand this topic more. We came up with a company that provides many such services that will eventually change the telecom market dynamics.
Bravo Telecom is a Canadian company that has provided internet, Internet Protocol television (IPTV), landline, and mobile services in Quebec province since 2008. The objectives they follow are as follows:
- Provide Canadian customers with the best alternative to big telecom companies
- 100% Human support 7/7 days → to offer the best customer experience
- Provide a wide range of services to meet everyone’s needs