VoIP is shinning but the service providers are waning. Is this the latest development occurring around the VoIP world? According to a study conducted by MyVoIPProvider points out at least 85 service providers have left the market in the last 15 months.
Although, VoIP has been witnessing rapid growth in the past two years with subscribers base touching sky-high throughout the world, the service providers fail to click in the market.
It is not the case with the small brands or new entries, even the big brands are still struggling in the crowded Voice market. Take the case of AOL. The American most reputed brand had been forced to close down its Total Talk service less than 12 months after its launch.
MyVoIPProvider explains,
Without a significant differentiator or very deep pockets for marketing to create an online and offline presence it will be very difficult to survive in this extremely competitive market with call termination costs dropping rapidly and squeezing margins.
