IDC puts Internet phone service at $1.8 billion

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Framingham, Mass. - A new report from International Data Corp. sees voice-over-Internet Protocol phone service (VOIP)--that is, phone service via the Internet--as having the potential to create a total worldwide market of $1.8 billion by 2003. IDC terms VOIP a ``pivotal technology,'' but one that will face many obstacles, such as standards conflicts. ``We define a pivotal technology as one that is large enough in scope and promise to have the capacity to redefine the industry,'' said Tom Valovic, a research manager with IDC's IP Telephony program.
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