Jayalakshmi Janakiraman, research analyst at Frost & Sullivan, noted that many businesses are attempting to cut costs during this difficult economic climate.
She pointed out that one method of saving money that could appeal to customers is to adopt VoIP products.
Ms Janakiraman explained that even though the installation costs of such items can be significant, the long-term benefits are large enough to outweigh this initial outlay.
"The long-term cost savings associated with the adoption of VoIP is sustaining the demand for semiconductors in these applications," she explained.
According to Frost & Sullivan, market-earned revenues in this area stood at $522.4 million (£323.8 million) in 2008, with that figure predicted to rise to $657.3 million by 2012.
In related news, researchers at the International Society for Optics and Photonics recently announced that they have developed a way of linking nanophotonics and nanomechanics to manipulate semiconductors.
