ID: MRFR/ICT/7168-HCR | 140 Pages | Published By Aarti Dhapte on March 2023
Mobile VOIP Market is expected to expand at 12.2% CAGR, to reach USD 58.21 Billion in 2027 during the forecast period.
Mobile VOIP Market is expected to expand at 12.2% CAGR, to reach USD 58.21 Billion in 2025 during the forecast period.Mobile VOIP is an efficient and low-cost way to communicate via mobile devices including smartphones and tablets. Mobile VOIP works with mobile devices’ 3G, 4G, GSM or any other internet service and enables them to communicate efficiently. With the help of mobile VOIP, users can benefit from lower cost when calling, texting or video conferencing. Digital data transmission via VOIP is much faster as digital data is spread over various packets, each packet traveling through the fastest route. Users of mobile VOIP can take the benefit of nominal roaming charges, unlimited messaging, and low incoming call charges among others. Users can use mobile VOIP service by installing mobile VOIP software. These are essentially apps offered by VOIP phone service providers. Mobile VOIP is not only beneficial for individual customers, it also benefits enterprises across varied industry verticals. Businesses can save on money and can increase overall communication efficiency with the help of mobile VOIP services. VOIP apps are available for various operating systems (OS) including Android, iOS, and Windows among others. Enterprises of all sizes are continuously looking for Mobile VOIP solutions that can help organizations in overcoming various IT complexity.
There are a number of mobile VOIP providers operating in the market, who have been offering services to both the individual customers and enterprises. They are also extending their services to offer OTT apps for their customers. OTT apps refer to “over the top” apps and services including WhatsApp, Viber, and Voxox that allow customers to communicate via text, call, and video as well as share files. These providers are also offering value-added services scheduled pre-type messaging services wherein the users can schedule their text messages. Nowadays, some providers are also offering features where users can hide chat and can lock and unlock hidden chat through various means like a password or fingerprint. This feature is highly beneficial for enterprise communication, who can easily prevent sensitive content from unlawful access. Providers like Viber offer such value-added services. Other value-added services include removing spam messages while messaging, support of multiple languages, message searching, and file compression among others.
The mobile VOIP market is driven by strong penetration of the Internet and smartphone as well as the growing trend of BYOD among enterprises. Also, due to lower call rates and seamless communication, the use of mobile VOIP services is significantly increasing.
The Global Mobile VOIP Market has been segmented on the basis of Type, Service Type, Organization Size, Vertical and Region.
Based on the service type, the mobile VOIP market has been segmented into voice, video, instant messaging. Voice service accounted for the largest share in the year 2018. However, video service is expected to grow at the highest CAGR. Video services also include video conferencing and collaboration, which is expected to significantly increase its adoption among enterprises.
Based on OS type, the mobile VOIP market has been divided into Android, iOS, Windows, and others. The Android segment occupied the largest share in the market in the year 2018. The reason for the same is large number of android smartphone users across the globe.
Based on user type, the mobile VOIP market has been segmented into enterprises and individuals. Enterprise segment is expected to hold the larger market share. Growing need to have a cost-effective and smooth communication among enterprises is expected to drive the mobile VOIP service among them in the coming years.
Geographically, the Global Mobile VOIP Market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
North America leads the market in terms of market share in the mobile VOIP market. Some of the factors that are responsible for the growth of the mobile VOIP market include increasing use of such services among individuals in various countries of North America including the US and Canada.
Europe has occupied the second position in the mobile VOIP market. Europe has been segmented into the UK, Germany, France, Spain, Italy, and the rest of Europe. According to the MRFR analysis, the UK is expected to gain the highest market share, followed by Germany and France.
Key players of the Global Mobile VOIP Market are 3CX, Vonage, Microsoft Corporation, Facebook Inc., Rebtel, CommPeak Limited, 8x8, Inc., Nextiva, Phone Power, Tata Communications, VoIP Office, RingCentral, Inc., and Junction Networks
Key questions addressed by the report
|Market Size||USD 58.21 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Geographies Covered||North America, Europe, Asia-Pacific|
|Key Vendors||3cx Facebook Inc. Apple Inc. Google Inc. Microsoft Corporation Skype StarSSIP Ltd Talk 360 Vonage Holdings Corporation TATA Communications Ltd|
|Key Market Opportunities|
|Key Market Drivers||Growing trend of BYOD among enterprises|
The global mobile VOIP market is slated to expand at a substantial CAGR of 12.2% over the review period (2019 to 2025).
The global mobile VOIP market is slated to generate revenue of up to USD 58.21 billion by 2025.
The key market players of the global mobile VOIP market observing a vast scope of opportunities due the increasing deployment of 4g, and the growing investment by telecommunication operators.
The regional analysis of the global mobile VOIP market has been conducted in five major regions, namely, North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
The segmentation of the global mobile VOIP market is done on the basis of service type, organization size, vertical OS type.
The key contenders in the market are 3cx Facebook Inc. Apple Inc. Google Inc. Microsoft Corporation Skype StarSSIP Ltd Talk 360 Vonage Holdings Corporation TATA Communications Ltd.