Mobile VoIP Market Growth & Trends
The global mobile VoIP market size is expected to reach USD 104.92 billion by 2030, expanding at a CAGR of 12.9% from 2024 to 2030. The transition to packet-switched networks from circuit switch networks is propelling the growth of the mobile VoIP market.
The deployment of 4G/LTE is one of the key drivers boosting 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 industry growth over the forecast period.
Mobile VoIP Market Report Highlights
- The video conferencing segment is estimated to grow at a CAGR of over 38.5% by 2023. The 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 operating system (OS) segment dominated the market in 2023. 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 mobile VoIP market is anticipated to witness noteworthy growth during the forecast period. 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 Apple Inc., Google LLC, and RingCentral, Inc.. The competition in providing VoIP offerings is intense, which is enabling the service providers to offer differentiated products and services.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Mobile VoIP Market Variables, Trends, & Scope
Chapter 4. Mobile VoIP Market: Service Estimates & Trend Analysis
Chapter 5. Mobile VoIP Market: Platform Estimates & Trend Analysis
Chapter 6. Mobile VoIP Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
- Apple Inc.
- Google LLC
- Microsoft
- RingCentral, Inc.
- Nextiva
- Grasshopper
- Cisco Systems, Inc.
- Aircall
- Mitel Networks Corp.
- Meta
- Zoom Video Communications, Inc.
- 3CX
- 8x8, Inc.
- GoTo group
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 44.99 Billion |
| Forecasted Market Value ( USD | $ 104.92 Billion |
| Compound Annual Growth Rate | 12.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
