The
global mobile VoIP market is expected to reach USD 145.76 billion by 2024,
according to a new report by Grand View Research, Inc. The transition to
packet-switched networks from circuit switch networks is propelling the growth
of mobile VoIP market.
The
deployment of 4G/LTE is one of the key drivers boosting the industry growth.
The increase in the capability of wireless bandwidth services and growing
investment by telecom operators in the deployment of a high-speed network is
expected to enhance the usage of these services over the forecast period.
Moreover, mobile VoIP service eliminates the need for voice plans, text add-ons
and achieves flexibility in making unlimited, inexpensive or free calls.
 |
| Global mobile VoIP market by region, 2014- 2024 (USD Billion) |
The
competition in the mobile VoIP market is intense as several new service
providers are focusing on increasing their market presence by offering low-cost
services enabling the use of internet-based communication. Mobile VoIP is
highly dependent on the reliable high-speed network. However, limited network
speed results in interrupted and disruptive communication, which is expected to
challenge the industry growth over the forecast period.
Browse full
research report on Mobile VoIP Market: www.grandviewresearch.com/industry-analysis/mobile-voip-market
Further key
findings from the report suggest:
- The video conferencing segment is estimated to
grow at a CAGR of over 20% from 2016 to 2024. Need for scalable
communication methods and growing globalization is driving the demand for
video conferencing market. The increasing trend of Bring your Own Device
(BYOD) is also contributing to the demand for video conferencing in the
corporate sector.
- The Android OS is estimated to be the
dominating segment and is expected to account for over USD 90 billion by
2024. The free availability of this OS is attracting creators for
developing low-cost smartphones. Moreover, Android is an open platform,
which is enabling application developers to modify the OS as per their
needs thereby, boosting the demand for Android-based devices.
- The European mobile VoIP industry is
anticipated to remain the largest over the forecast period. The region is
expected to witness significant growth owing to the increasing smartphone
users using instant messaging services such as Facebook and WhatsApp. The
number of monthly active Facebook users in the region increased from 233
million in September 2015 to 240 million in December 2015.
- Asia Pacific is expected to be the
fastest-growing region, rising at a CAGR of over 23% from 2016 to 2024.
Increase in business activity, small and medium enterprises, and rise in
start-ups are driving the growth in Asia Pacific market.
- Key players in the mobile VoIP market include
Microsoft Corporation, Facebook Inc., and Vonage Holdings Corporation. The
competition in providing VoIP offerings is intense, which is enabling the
service providers to offer differentiated products and services.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/communication-services
Grand View Research has segmented the mobile VoIP market on the basis of
services, platform and region:
Mobile VoIP
Services Outlook (Revenue, USD Billion, 2014 - 2024)
- Video
and voice call
- Video
conferencing
- Instant
messaging
- Others
Mobile VoIP
Platform Outlook (Revenue, USD Billion, 2014 - 2024)
- Android
OS
- iOS
- Windows
OS
- Others
Mobile VoIP
Regional Outlook (Revenue, USD Billion, 2014 - 2024)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- MEA
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-mobile-voip-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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