New report finds VoIP and related applications will grow

Mobile phone applications and services are going to see huge revenues over the next few years, potentially boosting VoIP traffic.

VoIP and related applications are expected to see annual revenues of $18.9 billion (£12.4 billion) by 2014, according to new data from Juniper Research.

The report found that numerous opportunities exist in the mobile market based around advertising, messaging, premium services and virtual economies.

The author of the report, writing in the press release, explained that "a confluence of Web 2.0 concepts and end-user behaviour exploiting both the web and the mobile phone as delivery platforms is driving mobile web adoption and shaping industry development".

Future growth in the market will drive VoIP traffic and help to support it, thanks to the increase processing capacities for VoIP.