January 5, 2007 (HOSTSEARCH.COM) A 2007 In-Stat report has named web hosting provider Covad Communications (http://www.covad.com) the market leader in hosted VoIP for the business segment, the company announced recently. This is the fourth year that Covad has been ranked number one in the area by this particular report.
David Lemelin, the author of the report, cites the companys success as due to its effective use of existing broadband distribution channels, alongside its Voice Optimized Access service, which enables voice to be prioritized over data packets. Covad has remained the hosted VoIP market leader by providing businesses with the right value proposition, explained Mr. Lemelin. Covad has adapted well to the changing dynamics of the business marketplace. The introduction of their Clear Edge Office product is designed to meet the needs of smaller businesses where we expect to see increasing adoption of hosted solutions. This gives Covad a complete portfolio of hosted VoIP services, designed to meet the needs of businesses of all sizes.
The hosted solution allows customers to eliminate the costly, time-consuming and complex management of their phone systems and can instead focus on what really matters their business and customers, explained Eric Weiss, Covads Chief Marketing Officer.
The report predicts the hosted VoIP services market will grow and domestic revenues (US revenues) will reach $2 billion by 2010.