The global mobile VOIP market is estimated to reach USD 58.21 billion by 2025, growing at a CAGR 12.21% during the forecast period (2019–2025).
The global mobile VOIP market is expected to grow significantly during the forecast period, 2019–2025. The key factor driving the growth of the market is increasing reach of the Internet in different regions specifically in developing regions as well as increasing ownership of smartphones across the globe. Mobile VOIP services include voice, video and instant messaging services over mobile internet. Mobile VOIP offers several benefits to both individuals as well as businesses. It is a low-cost way of communication which saves a huge sum on communication. It helps in simplified conferencing without uninterrupted access across the globe. Most VOIP service providers offer additional services including file sharing, message deletion capability, and security to sensitive messages among others. All these benefits have led to continuous adoption of mobile VOIP services among businesses.
The mobile VOIP market comprises several large as well as mid-sized vendors who have been offering affordable and comprehensive services to the end-users. Due to the entry of a number of players in the market, the overall competition in the market has increased. Vendors operating in the market mainly compete on the basis of types of services offered, and overall price of the services.
Competitive Analysis
The prominent players operating in the 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
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. Voice service accounted for the largest share in the year 2018. However, video service is expected to have largest share in the forecast period.
Based on OS type, the market has been segmented into Android, iOS, Windows, and others. Android OS type accounted for the largest share in the market and it is expected to dominate the market during the forecast period.
Based on organization size, the mobile VOIP market has been divided into small- & medium-sized enterprises and large enterprises. Large enterprises held the largest share in the year 2018. However, small- and medium-sized enterprises are expected to grow at the highest CAGR during the forecast period.
Based on user type, the mobile VOIP market has been divided into enterprises and individuals. The enterprises segment is expected to have the larger CAGR during the forecast period.
Regional Analysis
The geographic analysis of the mobile VOIP market has been done for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America.
North America is expected to be the largest market for mobile VOIP during the forecast period. North America has been segmented into three countries, namely the US, Canada, and Mexico
The US is a leading country in North America, holding the largest market share and is expected to register substantial growth during the forecast period. Companies are increasingly using mobile VOIP services for business-related communication which is increasing the demand for mobile VOIP services and is expected to offer a number of market opportunities. Canada occupies the second position in the North America mobile VOIP service market, however, Mexico is expected to grow at the highest CAGR during the forecast period.
The market in Asia-Pacific is expected to register the highest CAGR during the forecast period. In Asia-Pacific, key countries under the scope of the study are China, Japan, and India. India is expected to register the highest CAGR during the forecast period due to the shift towards BYOD trend among enterprises across industry verticals. The Asia-Pacific region has immense opportunities due to continuous growth in a number of small- and mid-size enterprises who are looking for efficient mobile VOIP services.
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According to IMARC Group’s latest report, titled “Mobile VoIP Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global mobile VoIP market grew at a CAGR of around 21% during 2015-2020.
Looking forward, IMARC Group expects the market to continue its strong growth during 2021-2026.As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
These observations will be integrated into the report.Request for a free sample copy of this report: https://www.imarcgroup.com/mobile-voip-market/requestsampleMobile Voice over Internet Protocol (VoIP) refers to an efficient, low-cost communication method where mobile handsets use Wi-Fi or 3G/4G cellular network to transmit data in packets.
Nowadays, individuals use several mobile VoIP apps, such as WhatsApp, Facebook Messenger, Google Duo, Google Hangouts, Skype and Viber, to place and receive phone calls over the Internet.Market Trends and Drivers:The global mobile VoIP market is primarily driven by the emerging trend of Bring Your Own Device (BYOD) and the rising smartphone penetration.
Mobile VoIP offers higher scalability, increased accessibility, clear voice quality, instant messaging and video conferencing, and enhanced portability at lower costs.
Due to these benefits, there is an increasing demand for mobile VoIP services worldwide.
San Francisco, 4 June 2020 — “Mobile VoIP Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2025” Global Mobile VoIP Market is set to witness a higher CAGR in the forecast period.
In addition, the communication apps now have a sizeable market and every communication company has a tremendous competitive advantage.
Constant R for communication, connectivity, and entertainment leverages the use of smartphones in the forecast period.
However, confined network speeds, low awareness on communication levels in developing/underdeveloped countries along with government restrictions might hinder the market growth in the forecast period.
Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/mobile-voip-market/request-sample Global Mobile VoIP Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis.
The Mobile VoIP Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Mobile VoIP Business, Market Share of Product, Application and Regional Scope of Mobile VoIP which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue.
Mobile VOIP Market Market Research Future (MRFR), in its latest report on the Global Mobile VOIP Market 2020, reveals different cause that can support or restrain the market rise.
MRFR also studied the impact of COVID 19 pandemic on the mobile VOIP market and details it in the report.
As per MRFR analysis, the mobile VOIP market can rise at 12.2% CAGR across the review period.
By 2025, the mobile VOIP market value can touch at USD 58.21 Bn by 2025.FREE PDF@ https://www.marketresearchfuture.com/sample_request/8640The increase in the application of Mobile VOIP due to its efficient and affordable communicate solutions availed through mobile devices, such as tablets and including smartphones can prompt the expansion of the mobile VOIP market in the review period.
The increase in the awareness about benefits of mobile VOIP and their ability to provide lower cost video conferencing, calling, and texting solutions can impel the growth of the mobile VOIP market through the analysis period.
Rise in digital data transmission frequency and the rapid rate of data transfer supported by mobile VOIP can prompt the expansion of the market in the years ahead.Market Segment The segment analysis of the global Mobile VOIP Market is done by Type, Vertical, Service Type, and Organization Size.The service type based segment of the VOIP market are instant messaging, voice, and video.
Mobile VOIP Market SizeThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Mobile VOIP Market Size.
The growth sectors of the Mobile VOIP Market Size are identified with precision for a better growth perspective.The global mobile VOIP market is estimated to reach USD 58.21 billion by 2025, growing at a CAGR 12.21% during the forecast period (2019–2025).The global mobile VOIP market is expected to grow significantly during the forecast period, 2019–2025.
Mobile VOIP offers several benefits to both individuals as well as businesses.
It helps in simplified conferencing without uninterrupted access across the globe.
Most VOIP service providers offer additional services including file sharing, message deletion capability, and security to sensitive messages among others.
Vendors operating in the market mainly compete on the basis of types of services offered, and overall price of the services.Competitive AnalysisThe prominent players operating in the 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 NetworksSegmental AnalysisThe 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.
