Do you know what VoIP is? VoIP is short for Voice over Internet Protocol, and it is a technology that allows people to make calls via the Internet rather then use a traditional landline. VoIP is very affordable and can save businesses, of any size, between 30 and 50 percent on their phone expenses.

Businesses today, of course, are still struggling through the nation’s sluggish economy. Many are running on tight budgets with skeleton staffs. Today’s businesses, then, can use any form of savings they can find. The reduction in phone costs that VoIP provides would appear to be an easy avenue for savings. But are businesses actually embracing VoIP technology? Are they using it to slash their yearly costs?

A Move Toward VoIP?

A recent study says that businesses have not turned to VoIP technology as much as you’d think. Nevertheless, the same study also says that this seems to be changing. According to research from Heavy Reading, about 31 percent of installed business lines in North America were VoIP-based in 2011. The good news, though, is that Heavy Reading predicts that this figure will increase to 66.6 percent by 2015. Heavy Reading also anticipates that by 2015 just 33.5 percent of business lines will consist of traditional circuit-switch versions.

Businesses are Switching to VoIP

So, the study shows that the amount of companies that will use VoIP will double by 2015. Currently, traditional circuit-switch phone lines make up 68 percent of business lines in North America. So by 2015 will there really be such a dramatic change? This is tough to say but as people get more informed about the advantages of VoIP it is probable that business owners will make the shift in the next few years, even if it’s not as fast as the Heavy Reading study forecasts.

A Bright Future for VoIP and Business

VoIP technology provides voice communication that is as clear and reliable as traditional landlines. Let’s also not forget that it can be substantially cheaper. Upper management may be slow to make the move but the great advantage of VoIP, is that employees will not have to get used to anything new. Phones work just like they do with a landline. So you if think VoIP is a passing fad, think again.