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.
The mobile VOIP market is fragmented with a number
of large- and mid-size players offering VOIP services to the end-user. These
providers spend a significant amount in research and development in order to
understand the user requirements so that they can develop and update features
in their app. For instance, in February 2019, Viber launched a new version of
its mobile application on Android as well as iOS. The new version has an
updated user interface, with a variety of other features. Due to growing
competition in the market, these players have to create and launch updated
versions of their apps with more features so that they can gain and retain more
customers.
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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.
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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