Metric: VoIP service revenues to hit $19.9B by 2009

According to a new report from Infonetics Research, North American VoIP service revenue will grow from $1.3 billion in 2004 to $19.9 billion in 2009. The market research firm predicts that the number of North American residential/SOHO VoIP subscribers will rise from 1.1 million in 2004 to 20.8 million in 2008. The researcher also predicts that business-hosted VoIP service revenue will exceed that of managed IP PBX services by 2006, as thousands of small and midsized businesses adopt hosted IP telephony offerings. VoIP services revenue represented less than 1 percent of total wireline carrier revenue in North America in 2004.

For more on the North American VoIP market:
- go to this blog entry