Landline Phones Market Worth $8.5 Billion By 2028 | CAGR 2.8%

Landline Phones Market Growth & Trends

The global landline phones market size is expected to reach USD 8.5 billion by 2028, registering a CAGR of 2.8% over the forecast period, according to a new report by Million Insights. The growing middle-class population in emerging economies like China, India, and Brazil is propelling the demand for landline phones. Landline phones are majorly used by medium- and small-sized enterprises for accomplishing their day-to-day business operations. These phones offer outstanding audio quality with enriched IP communication. Furthermore, these phones are connected with uninterrupted power cables, due to which, the communication process is not interrupted. Moreover, they are easy to manage, highly reliable & secure, and offer better audio quality. Several developments in landline phones are further projected to drive this market during the forecast period.

Also, governments are taking initiatives and reforms in energy-efficient consumer electronics, which have led to a noteworthy impact on the market. The online distribution channel segment will register the fastest CAGR over the forecast period owing to the growing usage of the internet and smartphones. A rise in product sales through various company-owned websites and e-commerce platforms, such as Walmart and Amazon, is anticipated to propel the growth of the online segment during the forecast period. Asia Pacific accounted for the maximum revenue share in 2020 owing to the presence of a huge target population. In addition, the increasing number of working individuals and rising disposable income levels are expected to drive regional market growth.

The report “Landline Phones Market Size, Share & Trends Analysis Report By Distribution Channel (Offline, Online), By Region (Europe, Asia Pacific, North America, MEA), And Segment Forecasts, 2021 - 2028” is available now to Million Insights.

Landline phones market report highlights

• Europe is expected to be the fastest regional market with a CAGR of over 4% from 2021 to 2028
• This growth can be credited to the rising product demand for commercial application in Small- and Medium-sized Enterprises (SMEs)
• Asia Pacific was the dominant regional market in 2020 on account of the high product adoption in developing countries like India and China
• The offline distribution channel segment held the largest revenue share in 2020 due to the development of the organized retail sales sector across the world

Landline Phones Market Segmentation

Million Insights has segmented the global landline phones market on the basis of distribution channel, and region:

Landline Phones Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

• Offline
• Online

Landline Phones Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • U.S.
• Europe
  • Germany
  • U.K.
  • France
• Asia Pacific
  • China
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Landline Phones Market

• AT&T, Inc.
• Panasonic Corp.
• Cisco
• Philips
• Motorola Solutions, Inc.
• Avaya
• TCL Corp.
• Yealink
• Gigaset