VoIP is fueling the growth of cable companies in telephony arenas. In-Stat has proved it with facts and figures in its latest research report.

According to In-Stat report, VoIP has significantly contributed the growth of cable telephony taking worldwide subscribers’ base to 22 million last year, an up from 15.8 million a year before. The cable companies will earn revenues to the tune of $10.4 billion this year for their VoIP service. The cable telephony revenue was $7.9 billion in 2006.

North America has emerged as most favorable market for the cable VoIP service. Of all the 9.4 million cable telephone subscribers, 6.6 million are VoIP users. Nearly 42 percent of these subscribers were registered last year, the report adds.

It seems that cable service providers now consider VoIP as the core service of their telecommunications service bundle.

At the same time, the growth of cable VoIP has put an adverse affect on the traditional VoIP players, like Vonage, Verizon and SunRocket. It has also put an imminent threat on popular VoIP applications such as Skype.