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. The 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.
Mobile VOIP can work
effectively with mobile devices that support 4G, 3G, GSM and other internet
services to support communicate seamlessly. 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.
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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. The Voice
service segment can account for the share of the global market through the
analysis period in the years to come. The video service segment can rise at the
highest CAGR across the review period. The increase in need for Video services
such as video collaboration and conferencing among reputed enterprises can
contribute to the expansion of the VOIP market across the review period.
The OS type based segments
of the mobile VOIP market are Windows, Android, iOS, and others. The Android
segment can contribution to the increase in the revenue generation for the
expansion of the worldwide market of mobile VOIP. The rise in android
smartphone utility can also promote the expansion of the mobile VOIP market in
the near future.
The user type based
segments of the mobile VOIP market are enterprises and individuals. The
Enterprise segment is expected to hold the larger market share. Growing need to
have a cost-effective and smooth communication among enterprises is expected to
drive the mobile VOIP service among them in the coming years.
Regional Analysis
The increase in the
deployment of mobile VOIP due to rise in the awareness about nominal roaming
charges, low incoming call charges, and unlimited messaging among others can
boost the expansion of the mobile VOIP market in APAC across the review period.
The increase in the mobile VOIP services and mobile VOIP software installation
can impel the expansion of the market in the years to come. The essential apps
supported by VOIP phone service providers can also gain traction across the
review period that can aid APAC Mobile VOIP market. The high rate of adoption
of mobile VIOP by individual and enterprises can impel the expansion of the
regional market. In Europe, the increase in the installation of mobile VIOP can
boost the regional market rise. Similar growth boosters are observed for the
mobile VIOP market in North America
Companies Covered
Vonage, Rebtel, Microsoft
Corporation, 3CX, VoIP Office, Facebook Inc., CommPeak Limited, 8x8, Inc., Tata
Communications, RingCentral, Inc., Nextiva, Phone Power, and Junction Networks
are some reputed names in the Global Mobile VOIP Market as listed by MRFR.
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