Global Mobile VoIP Market
Dublin, April 03, 2023 (GLOBE NEWSWIRE) -- The "Global Mobile VoIP Market Size, Share & Industry Trends Analysis Report By Operating System, By Model, By Application, By Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The Global Mobile VoIP Market size is expected to reach $165.3 billion by 2028, rising at a market growth of 19.5% CAGR during the forecast period.
Key Market Players
List of Companies Profiled in the Report:
Cisco Systems, Inc
Rakuten group, Inc
Meta Platforms, Inc
Zoom Video Communications, Inc
Citrix Systems, Inc. (Cloud Software Group, Inc.)
Ribbon Communications, Inc
3CX Phone System
Mitel Networks Corporation
Mobile voice-over internet protocol (VoIP), commonly referred to as mobile VoIP (or mVoIP), is a practical and affordable way to communicate via mobile devices like smartphones and tablets. Utilizing GSM, 3G, 4G, or any other internet services on mobile devices helps the mobile VoIP users interact effectively. Whether calling, chatting, or participating in video conferences, users can save costs using mobile VoIP.
Additionally, due to the fact that digital data is separated into packets and that each packet takes the shortest path, VoIP allows for faster transmission of digital data. Among other benefits, mobile VoIP customers can benefit from free roaming, limitless texting, and affordable incoming call rates. By installing mobile VoIP software, users have access to mobile VoIP services.
VoIP, often known as IP telephony, is a technique and collection of technologies for delivering voice conversations and multimedia presentations over IP networks, including the internet. The provision of communications services like voice, fax, SMS, and voice messaging through the internet as opposed to the public switched telephone network (PSTN), generally known as plain old telephone service (POTS), is explicitly referred to as broadband telephony.
Some other names for this service are internet telephony and broadband phone service. Users of mobile devices can use mobile VoIP through either the built-in dialer on their phone or a third-party app they have downloaded. As more and more customers choose to make calls using their smartphones or mobile devices, the technology has proved advantageous for many enterprises and individuals and is growing in popularity.
COVID-19 Impact Analysis
The pandemic increased the number of individuals working from home, which has boosted the requirement for mobile VoIP services. These services have also grown in popularity as more companies look for affordable communication alternatives. The pandemic, in general, increased demand for digital dependence, and this result is likely to remain as the utility of abundant data and the declining transaction fees of utilizing that data affect how businesspeople, policymakers, and professionals make adjustments.
Additionally, the pandemic is only one-factor influencing present patterns. Other important factors are social welfare, sustained economic growth, demographic changes, and climate responsibility.
Market Growth Factors
Growth in the use of smart devices and strong internet connectivity
The market is expanding as a result of the surge in the need for mobile VoIP services among businesses seeking to replace old networking services and provide greater bandwidth communication networks among industries. Additionally, a web-enabled ecosystem has been developed as a result of the adoption of smart technologies across smart devices.
High-speed internet also encourages consumers to buy smart and connected items, and mobile VoIP services are being further stimulated by the widespread use of high-speed network architectures and falling data rates. Therefore, as the demand for connected devices increases, it will propel the expansion of internet requirements and, thus, significantly aid in propelling the growth of the mobile VoIP market.
Increased adoption of user-friendly, innovative applications
The rise in popularity of innovative and user-friendly programs like WhatsApp, which improve the usefulness of smartphones in terms of connectivity and communication, augments the increasing demand for mobile VoIP services. Additionally, since communication technology has advanced, there is a greater demand for creative applications in the eCommerce sector. As a result, more people are choosing to make purchases online, and the market is expanding due to a large number of users.
Market Restraining Factor
Strict regulatory laws due to possible security threats of mobile VOIP
VoIP operates by sending data over the internet. It is a phone call that is placed over digital lines as opposed to conventional telephone lines. Therefore, it can be easily hacked if it is left unprotected because of its online presence. Calls can be recorded, and they may occasionally act as a gateway to servers.
Additionally, the mobility and accessibility of VoIP make it challenging for other parties to determine the location of a call's origin. Calls originated from an IP address cannot be tracked using GPS or cell tower information.
Despite the fact that most callers do not require this information, this poses a serious problem for national emergency services like 911. Therefore, the possibility of plausible security threats posed by this service is posing as a significant factor that hampers the growth of the mobile VoIP market.
Scope of the Study
Market Segments Covered in the Report:
By Operating System
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of LAMEA
No. of Pages
2021 - 2028
Estimated Market Value (USD) in 2021
Forecasted Market Value (USD) by 2028
Compound Annual Growth Rate
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