Increasing use of smart devices and use of reliable high-speed internet across the globe are driving the growth of the market. At the same time, the growing popularity of innovative and easy-to-use apps that improve smartphone communication and connectivity are driving the growth of the global mobile VoIP market.
Portland, Oregon., February 2, 2023 /PRNewswire/ — Allied Market Research reports, “Mobile VoIP Market by Operating System (Android and iOS), By Application (Video Sharing, Screen Sharing, File Sharing, etc.), By Model (Premium and Enterprise Models): Global Opportunity Analysis and Industry Forecasts, 2021-2031”.Global Mobile VoIP Industry Created, Report Says $49.23 billion In 2021, and is estimated to reach $327.5 billion By 2031, it will reach a CAGR of 21.1% from 2022 to 2031. This report provides an in-depth analysis of changing market dynamics, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
Drivers, Constraints and Opportunities
The growing popularity of innovative and user-friendly applications coupled with the increasing prevalence of smart devices coupled with advanced internet connectivity are driving the growth of the mobile VoIP market. Additionally, the rise in advanced consumer electronics is having a positive impact on the growth of the mobile VoIP market. However, a lack of awareness about mobile VoIP software and a surge in security concerns are hindering the growth of the mobile VoIP market. On the contrary, increasing adoption of cloud-based security applications is expected to provide rewarding opportunities for mobile VoIP market expansion during the forecast period.
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- Increasing adoption of telecommuting culture across developing countries and increasing penetration of mobile VoIP services across the workforce will have a positive impact on market growth. With governments around the world imposing lockdowns to stop the spread of the virus, demand for mobile VoIP apps has skyrocketed to keep staff working remotely.
- The increasing use of mobile VoIP apps for training and conferences has been shown to be highly effective for many physicians and healthcare professionals and has a positive impact on the market growth.
Android segment to maintain its dominance during the forecast period
By operating system, the Android segment will hold the largest share in 2021, capturing nearly three-quarters of the global mobile VoIP market revenue, and is projected to maintain its dominance through 2031. Forecast period. This is due to a significant increase in demand for luxury smartphones.
The enterprise model segment that rules the roost
By model, premium models are projected to contribute more than two-thirds of the global mobile VoIP market share in 2021 and dominate by 2031. Increasing adoption of the enterprise model by various companies will increase productivity through effective routing based on skill sets in developed and developing regions, driving the growth of the segment.
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North America Win big market share in 2021
By region, North America is expected to hold a major share in 2021, capture more than three-fifths of the global mobile VoIP market revenue, and dominate the market by 2031.Across North America. Asia PacificOn the other hand, it exhibits the fastest CAGR of 23.7% from 2022 to 2031.
major market players
- Cisco Systems, Inc.
- Citrix Systems Co., Ltd.
- facebook company,
The report analyzes these key players in the global mobile VoIP market. These players are adopting various strategies such as expansion, new product launches, and partnerships to increase their market penetration and strengthen their position in the industry. This report helps determine the performance, business segments, developments, and product portfolios of all market players.
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