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 global market to continue its strong growth during 2021-2026.
Mobile 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. It sends voice calls as digital signals over the Internet using VoIP technology. 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.
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. Moreover, with the rising adoption of remote working models due to the outbreak of coronavirus disease (COVID-19), the corporate sector is widely using mobile VoIP technology for virtual connectivity to maintain the operational workflow across various organizations. On account of these factors, the market is expected to experience a positive thrust in the coming years.
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Competitive Landscape With Key Players:
The competitive landscape of the mobile VoIP market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Microsoft Corporation
- Tata Communications Ltd.
- Apple Inc.
- Google Inc.
- T-Mobile (Deutsche Telekom AG)
- Vonage Holdings Corporation
- Grasshopper Group LLC.
- Kakao Corporation
- Facebook Inc.
- Tencent Holdings Ltd.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global mobile VoIP market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market on the basis of platform, service, model type, vertical and region.
Breakup by Platform:
- Android OS
- Window OS
Breakup by Service:
- Video and Voice Call
- Video Conferencing
- Instant Messaging
Breakup by Model Type:
- Freemium Model
- Premium Model
- Enterprise Model
Breakup by Vertical:
- Banking and Financial Services
- Media and Entertainment
- Military and Defense
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/mobile-voip-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Structure of the Global Market
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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