San
Francisco 10 May 2019 The Report Mobile VoIP Market
Analysis By Services (Video And Voice Call, Video Conferencing, Instant
Messaging), By Platform (Android OS, iOS, Windows OS), And Segment Forecasts To
2024
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.
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.
Access Research Report of 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 at: 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
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Mobile VoIP Market@ 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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