According to Infonetics Research's quarterly market share and forecast service, Next Gen Voice Products, worldwide next generation voice product revenue totaled $389 million in 2Q 2004, up 10 percent from 1Q 2004 and up 21 percent year-over-year. Annual revenue is projected to grow from $1.3 billion in 2003 to $4.8 million in 2007.
Kevin Mitchell, Infonetics Research's directing analyst and author of the report, said, "While license shipments and revenue continue to favor packet tandem applications, this will change in 2005 as the applications achieve parity and then swap positions, with Class 5 applications representing the majority of revenue starting in 2006. New IP multimedia services and Class 5 applications represent the lion's share of the long term revenue opportunity in this market".
Some of the market highlights for 2Qof 2004 were: Worldwide media gateway revenue grew 22 percent from 1Q 2004, with the strongest growth coming from RAC VoIP gateways. The only segment to decline was ATM switch gateways. Worldwide session border controller revenue grew 24 percent from 1Q 2004, and 73 percent from 2Q 2003. Worldwide softswitch revenue split was 55 percent Class 4 and 45 percent Class 5.
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