The global mobile VOIP market is expected to reach USD 58.21 billion by 2025, registering a CAGR of 12.2% during the forecast period 2019–2025. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the coming years.
Growing need to have a cost-effective and smooth communication is the key driver for mobile VOIP market. Additionally, increasing ownership of smartphones and growing internet reach around the globe is also an important factor for the growth of mobile VOIP. Mobile VOIP offers easy and smooth communication via internet network over mobile devices. Mobile VOIP is being significantly used by not only individual consumers but also by enterprises. Enterprises across various industry verticals including BFSI, retail, and manufacturing among others have been using mobile VOIP for business communication. This trend gained momentum after bring-your-own-device became common among enterprises. With the significant demand for mobile VOIP services among enterprises, providers of mobile VOIP services have started offering several value-added features with their apps. These features include file sharing, managing spam messages while messaging and hiding and locking sensitive messages. Adding these features to mobile VOIP apps has led to increased usage of VOIP services among enterprises of all sizes.
FREE PDF@ https://www.marketresearchfuture.com/sample_request/8640
Mobile voice over IP (mVoIP) is a tempting prospect for many companies. After all, sending wireless phone calls over IP networks is considerably less expensive than sending them over cellular voice networks. This may become an essential service in the coming years as device manufacturers exploit more-powerful processors and cheaper memory. Faster processors and less expensive memory will enable conference calls, voice encryption, the use of compressed codecs, and video calls, assuming there are also fast networks.
You can make phone calls via VoIP without having to use a landline or mobile network. VoIP guarantees that the world has one single system for mobile traffic-and other centralized contact systems-across the Internet. They use the same interface for VoIP, and the provider doesn’t require their technology. No longer require an NT1 package, ISRA level, or ISDN cables. VoIP uses the same WiFi or UTP cables as your phone, tablet, or printer. So it can add a lot of opportunities to other companies.
Instead of using electromagnetic wave motions to transmit speech sounds (PSTN), VoIP technology uses packet-switched protocols to carry speech. Those digital blocks mimic speech wave behavior. So VoIP transforms speech into tiny digital mark packages; you can equate it with tiny envelopes. The package supplies the’ Speech Packs’ with the mailing address and destination. And the parcels are able to make their way to the destination. It has two main advantages; it can transmit much more information over the same network, and if one of the line malfunctions, the packets can be carried along an alternate path.
So the speech signals are transformed into digital signals through VoIP telephony. This digital data is then distributed via the Internet Protocol (TCP / IP) through the worldwide Internet. With this, a telephone call from your VoIP telephone is sent through your router over the Internet to your internet provider. They bring the data to the supplier of the company that you call that the phone. This provider transforms it back to an analog signal and transfers it to the person you are in touch with via analog line.
Regional Analysis
The regional analysis for the global mobile VOIP has been done for North America, Europe, Asia-Pacific (APAC), and the Middle East & Africa, and South America.
North America accounted for the largest market share in 2018; it is expected to register strong growth during the forecast period. The key driving factors for the growth of the mobile VOIP market in the region include the growing need for cost-effective and seamless communication among enterprises of all sizes
The market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. In the research scope, Asia-Pacific has been categorized into China, Japan, India, and the rest of Asia-Pacific. Significant growth in the region can be attributed to growth in a number of enterprises and their need to effectively communicate inside and outside of the company’s premise.
Segmental Analysis
The global mobile VOIP market has been segmented on the basis of type, service type, organization size, vertical, and region.
Based on service type, the mobile VOIP market has been segmented into voice, video, and instant messaging. The voice service segment accounted for the largest share in the year 2018. However, the video service segment is expected to grow at the highest CAGR. Voice service is being increasingly used by both individual customers as well as enterprises, which is increasing the demand for this segment.
Based on OS type, the market has been segmented into Android, iOS, Windows, and others. Android OS type occupied the largest share in the market. More than 90% of the population around the globe use Android OS system and therefore the share of Android OS is much higher than other operating systems.
Based on user type, the mobile VOIP market has been divided into enterprises and individuals. The enterprises sub-segment is expected to have the larger CAGR during the forecast period. The reason for higher CAGR growth is due to the adoption of BYOD trend by a number of enterprises across the globe as well as use of VOIP services for official communication and meetings.
Competitive Analysis
The prominent players operating in the mobile VOIP market are 3CX, Vonage, Microsoft Corporation, Facebook Inc., Rebtel, CommPeak Limited, 8×8, Inc., Nextiva, Phone Power, Tata Communications, VoIP Office, RingCentral, Inc., and Junction Networks
Other Related Market Research Reports:
Mobile Payments Market – Global Forecast to 2023
https://www.marketresearchfuture.com/reports/mobile-payments-market-2922
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/mobile-voip-market-8640