Hosted VoIP is big for small business

A report published by In-Stat and covered among the broad VoIP blogosphere suggests that hosted Voice over IP solutions are set to see “dynamic growth over the next few years” with projected revenues of more than $2 billion by 2010.

The news of such huge growth should please hosted VoIP providers such as Covad and Pandora Networks. SMBs are starting to consider the move to a VoIP solution, spurred on by the significant cost savings the technology affords them.

However, investigating a switch to a VoIP network from a PSTN system can reveal shortcomings in terms of finance to buy the hardware needed outright as well as manage it. This is where hosted solutions can win big, especially when they start offering added value services such as the free LSSi listings and FoIP bundle Packet8 announced recently.