Mobile VOIP Market – Overview

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.

Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/8640

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.

Get Complete Report Details at: https://www.marketresearchfuture.com/reports/mobile-voip-market-8640

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com