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VOIP (Telephony over the Internet) Continues To Revolutionize the Telecommunications Industry, Business and Industry Trends Analysis

Local exchange telephone companies continue to face a dismal market for landlines.  The popularity of smartphones is one reason, but another big threat to traditional phone lines is phone calls made over the internet.  The rapid proliferation of high-speed access to the internet in homes and offices makes internet-based telephony a logical next step for a wide variety of businesses and consumers.  Most newly installed telephone systems in mid-size to large business offices are based on Voice over Internet Protocol (VOIP), with virtually all telephone equipment manufacturers now offering VOIP equipment.  Likewise, massive numbers of consumers around the globe are adopting VOIP for their long-distance services, particularly via the extremely popular Skype service, which is owned by Microsoft.
The fact that phone service can be provided online enables cable companies to compete head-on with telephone companies, since cable offers internet service as well as entertainment programming.  Consequently, many households are subscribing to cable bundles that include VOIP, internet and entertainment/TV (and dropping their traditional landlines).


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