Telecommunications and internet related services are now so ingrained in the daily lives of businesses and consumers that they will hold up relatively well compared to other areas of the economy, say analysts at IBISWorld.
"One shining light will be VoIP, which competes on price against more established service providers," the firm says. "Consumer substitution from wired telecommunications to VoIP will accelerate but a weaker economy and lack of available finance will result in many smaller VoIP providers exiting the industry."
VOIP revenue is expected to grow 20.1 percent in 2009.
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