According to the latest report by IMARC Group, titled “Mobile VoIP Market Size, Trends, Share, 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 moderate 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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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
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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 Market
- Value Chain Analysis
- Structure of the Market
- 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.
The competitive landscape of the industry has also been examined with some of the key players being Apple Inc., Facebook Inc., Google Inc., Citrix Systems Inc., Kakao Corporation, Grasshopper Group LLC. (LogMeIn Inc.), Microsoft Corporation, Tata Communications Ltd., Tencent Holdings Ltd., T-Mobile (Deutsche Telekom AG) and Vonage Holdings Corporation.
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