Global Mobile VoIP Market Size By Type of Service (Voice Services, Video Services), By Operating System (Android, iOS, Windows), By Type (Video sharing, Screen sharing), By Application (Freemium model, Premium model), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Mobile VoIP Market size was valued at USD 41.18 Billion in 2024 and is projected to reach USD 98.26 Billion by 2031, growing at a CAGR of 12.67% from 2024 to 2031.
The primary driver promoting market growth is the implementation of 4G/LTE. Over the projected period, the increased capabilities of wireless bandwidth services and growing investment by telecom operators in developing a high-speed network are expected to boost the consumption of VoIP services. The Global Mobile VoIP Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Mobile VoIP Market Definition
Mobile VoIP also known as mVoIP is a convenient and low-cost method of communicating via mobile devices such as smartphones and tablets, it utilizes Voice over Internet Protocol to communicate. Mobile VOIP communicates efficiently by utilizing mobile devices 3G, 4G, GSM, or other internet services. Users can save money using mobile VOIP, whether calling, messaging, or video conferencing.
Digital data transmission over VOIP is faster because digital data is divided into packets, with each packet using the shortest path. Mobile VOIP users can take advantage of no roaming expenses, unlimited messaging, and inexpensive incoming call charges, among other things. Users can access mobile VOIP services by downloading and installing mobile VOIP software.
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Global Mobile VoIP Market Overview
The expansion of the Mobile VoIP Market can be linked to factors such as efforts made by governments and private firms to expand wireless communications infrastructure and the growing usage of cloud-based VoIP services due to cost-effectiveness. The global sector is also experiencing a surge as a result of the market disruption caused by the expanding commercialization of 5G and the rapidly growing use of VoIP networks. The growing reliance on cloud-based unified communications and the migration away from legacy systems are encouraging the adoption of hosted VoIP services.
Businesses with insufficient communication infrastructure suffer challenges like poor audio and lags, which can reduce productivity; as a result, they shift from traditional phone systems to cloud-based communications services, which are designed to handle voice mails and calls to allow seamless communication Additionally, the Mobile VOIP industry is being driven by high Internet and smartphone adoption and the growing trend of BYOD (Bring Your Own Device) among organizations.
The Mobile VoIP market is competitive, with various new service providers focusing on extending their market presence by offering low-cost services that enable the usage of internet-based communication. Mobile VoIP is heavily reliant on a stable high-speed network. However, low network speed causes interrupted and disruptive communication, which is projected to impede industry growth during the projection period.
Global Mobile VoIP Market Segmentation Analysis
The Global Mobile VoIP Market is segmented into Type of Service, Operating System, Type, Application, And Geography.
Mobile VoIP Market, By Type of Service
• Voice Services• Video Services• Messaging Services• Others
Based on Type of Service, The market is segmented into Voice Services, Video Services, Messaging Services, and Others. The most significant portion was accounted for by voice service. On the other hand, the video service is predicted to increase at the fastest CAGR. Video services also include video conferencing and collaboration, which are expected to develop dramatically in workplace adoption.
Mobile VoIP Market, By Operating System
• Android• iOS• Windows• Others
Based on Operating System, The market is segmented into Android, iOS, Windows, and Others. In the year 2020, the largest market share, owing to a large number of Android smartphone users globally.
Mobile VoIP Market, By Type
• Video sharing• Screen sharing• File sharing• Video and voice calls• Instant messaging• CRM integration services• Virtual number service
Based on Type, The market is segmented into Video sharing, Screen sharing, File sharing, Video and voice calls, Instant messaging, CRM integration services, and Virtual number service. The Video sharing segment is dominating the market with the highest market share and is expected to grow substantially and dominate the global market during the forecast period. The section shows each type of production, revenue received price, and market share, as well as growth rate.
Mobile VoIP Market, By Application
• Freemium model• Premium model• Enterprise model
Based on Application, The market is segmented into Freemium model, Premium model, Enterprise model. The Freemium model component is witnessing the highest market share with strong market growth during the forecast period in the global market. The Segment centres on the standing and opportunity for significant application value, market share, and growth valuation of each application.
Mobile VoIP Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
When we look at where Mobile VoIP is popular around the globe, we can break it down by Geography into regions like North America, Europe, Asia Pacific, and the Rest of the world. North America currently dominates the market, and that's largely because big companies are always looking for ways to save money on communication and modern communication tools are a great way to do it. But don't count out Asia Pacific! Experts predict it will grow even faster in the coming years. That's because major companies are investing heavily in providing VoIP solutions across the region, and there's a real boom in the number of VoIP apps and solution providers popping up.
Key Players
The “Global Mobile VoIP Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as BigAnt Office Messenger, Cisco Jabber, HipChat, IBM, Facebook, Kakao Talk, Line, Skype, Viber, Vonage, and WeChat.The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• On April 2022, Cisco Recognized as a 2022 Gartner® Peer Insights™ Customers’ Choice for Meeting Solutions for the Webex Suite.
• On Oct 2019, 3CX acquired WP-Live Chat, this strategic decision is likely to help the corporation boost its market position.
By Type of Service, By Operating System, By Type, By Application, And By Geography.
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