Mobile VoIP Market Share, Size, Growth, Trends, Competitive Landscape and Industry Analysis 2023-2028

IMARC Group has recently released a new research study titled “Mobile VoIP Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

The global mobile VoIP market size reached US$ 37.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 76.5 Billion by 2028, exhibiting a growth rate (CAGR) of 12.72% during 2023-2028.

Year Considered to Estimate the Market Size:

• Base Year of the Analysis: 2022
• Historical Period: 2017-2022
• Forecast Period: 2023-2028

Mobile VoIP (Voice-over-IP) represents an extension of voice calls over to data services, such as 3G/4G or Wi-Fi. The data is transmitted in small-sized packets, which increases the spectrum efficiency and decreases the maintenance cost as only one network is used for data transmission. Mobile VoIP offers a number of benefits, including augmented accessibility, clear voice quality, enhanced portability, higher scalability, instant messaging, and video conferencing at the lowest cost. In recent times, it has gained momentum, owing to its extensive adoption of video conferencing and virtual connectivity.

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Mobile VoIP Market Trends:

The rising penetration of smart devices and high internet connectivity are among the key factors stimulating the mobile VoIP market. Moreover, the growing popularity of innovative and user-friendly applications, such as WhatsApp, Line, Skype, Viber, etc., for enhancing smartphone functionality regarding communication and connectivity is acting as another significant growth-inducing factor. Besides this, the increasing presence of high-speed network infrastructures and the lowering of data charges are positively influencing the global market. Furthermore, the introduction of advanced product variants with improved features, such as augmented reality, flexible screens, holographic displays, etc., by numerous smartphone manufacturers to provide higher compatibility with mobile VoIP services is also propelling the market growth. Apart from this, the expanding corporate sector and the emerging trend of Bring Your Own Device (BYOD) among several enterprises are further fueling the global market. Additionally, the widespread adoption of remote working models, as government bodies of various countries have implemented lockdowns, on account of the sudden outbreak of the COVID-19 pandemic, which is also driving the market growth. In addition to this, the elevating demand for VoIP services in video conferencing and virtual connectivity to maintain the operational workflow across numerous organizations is anticipated to fuel the mobile VoIP market over the forecasted period.

Mobile VoIP Market 2023-2028 Competitive Landscape and Segmentation:

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:

• 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)
• Vonage Holdings Corporation

Key Market Segmentation:

The report has segmented the global mobile VoIP market based on platform, service, model type, vertical and region.

Breakup by Platform:

• Android OS
• iOS
• Window OS
• Others

Breakup by Service:

• Video and Voice Call
• Video Conferencing
• Instant Messaging
• Others

Breakup by Model Type:

• Freemium Model
• Premium Model
• Enterprise Model

Breakup by Vertical:

• Healthcare
• Banking and Financial Services
• Retail
• Government
• Education
• Transportation
• Media and Entertainment
• Military and Defense
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• 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.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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