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While there are still a few other legacy protocols around, and a few non-SIP standards, such as H.232, SIP is what's used for the vast majority of modern VoIP phone systems. The most common use I've seen for H.232 has been in dedicated video conferencing systems. SIP, meanwhile, handles phone service, video conferencing, and several other tasks just fine, which is why its use is so widespread. Where it has trouble is with data security, but more on that in a bit.
Businesses need a number of phone features to improve their productivity and efficiency. The investment in achieving this with a fixed landline service is high, while many VoIP providers offer many of these features for free. Even for the more advanced services paid for, a VoIP service costs significantly less than a regular landline phone service. https://www.lascomsolutions.co.uk/
Nextiva also provides a number of helpful features for businesses working from home. For starters, there’s the Nextiva app, which lets you use your business phone number to make calls remotely from your desktop or mobile devices. Nextiva’s team collaboration tool, Cospace, also lets your team collaborate via video chat, so you can keep everyone one the same page.
Cable companies and Internet providers will also provide a bridge device where your phones stay the same and the VoIPing simply happens on the back-end. Just remember that these devices dictate what kinds of features the provider can offer you, so be sure you know what these devices are capable of since there'll likely be more than one model to choose from.
It is much cheaper than a regular landline - most providers offer unlimited calling plans (including long distance) in the USA and Canada for under $10 per month. There are also some great promotional deals available such as 2 year specials that cost around $6 per month (includes all your calling). Comparing this to a regular PSTN (landline) phone service that can cost in the region of $60 per month can result in savings of over $500 per year for many home phone users. If you also regularly call International numbers you can save even more, with rates typically starting from around 1 to 2 cents per minute to many countries.