Mobile VoIP Market

The global mobile VoIP market is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to low data rates, inexpensive calling prices, and the presence of strong network infrastructure in the emerging economies.

Mobile VoIP refers to mobility to voice over IP networks. There are several technologies that allow mobile handset to integrate a VoIP network. The integration can turn the mobile device into a standard SIP client, which uses a data network to send and receive SIP messaging and utilizes RTP for the voice path. The methodology of turning a mobile handset into a standard SIP client requires high speed IP communication.

Smartphones manufacturers are developing devices that are compatible with VoIP services. Mobile VoIP is being significantly used by both individual consumers and enterprises. Enterprises across various industry verticals including BFSI, retail, and manufacturing have been using mobile VoIP for business communication. Mobile VoIP provides effective communication with help of the Internet. VoIP phone system is designed to transfer voice traffic through the internet connection. Whereas, internet protocol telephony technology transfer voice, fax, messaging, and other data traffic.

Market Trends, Drivers, Restraints, and Opportunities:

• Increasing penetration of smartphones is boosting the growth of the market.
• Rising use of instant communications applications such as Skype, Viber, Line, and WhatsApp is proliferating the market growth.
• Lack of robust network infrastructure can restrain the market growth.
• The COVID-19 pandemic has imposed restrictions on travel across the globe. As a result, it has persuaded people to stay home and work remotely and have further increased their time spent on social media platforms, which in turn, has stimulated the growth of the market.
• Growing commercialization of 5G technology is increasing the use of VoIP networks across the globe.

Scope of Mobile VoIP Marekt Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Mobile VoIP Market Segment Insights:

Video and voice call segment accounts for a considerable market share

On the basis of service, the market is divided into instant messaging and video and voice call. The instant messaging segment accounted for a CAGR of around 20% during the forecast period. The availability of various applications that facilitate instant messaging has proliferated the growth of the market. These applications provide additional features over conventional text-based messaging.

The video and voice call segment is expected to account for a large market, owing to the deployment of 4G technology and the emergence of 5G technology across the globe. The availability of 4G services has encouraged community vendors to increase the functionality of applications that include voice and video calls. Various instant messaging applications are integrating video and voice calling functionalities that is driving the growth of the market segment.

Android OS segment accounts for a significant market share

Based on platform, the market is divided into Android OS and iOS. The Android OS is anticipated to account for a significant market share during forecast period. Growing penetration of Android-based devices, owing to the availability of affordable smartphones and devices that has functionalities such as augmented reality (AR) and holographic displays is positively influencing the segment growth. In contrast to iOS and Windows, Android powers extensively used devices, such as One Plus, Samsung, Vivo, and Motorola, which is boosting the Android OS segment growth. On the other hand, manufacturers are working on the development of OS to provide distinct experience to the users.

 The iOS is expected to expand at a high CAGR in the coming years, owing to the growing consumer prefer for Apple products. Moreover, growing focus of Apple to increase the number of iOS applications is driving the segment growth.

The market in Asia Pacific to exhibit a robust CAGR

In terms of region, the market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to grow at a robust rate, owing to the rising number of subscribers in emerging economies such as India and China. Increasing investment in the deployment of high-speed Internet and the broader availability of instant messaging applications are driving the regional market growth.

North America accounted for a major market share and is projected to expand at a substantial CAGR during the forecast period. The early adoption of advanced cellular technologies owing to presence of major telecom players is spurring the growth of the market in this region.

Segments

The mobile VoIP market has been segmented on the basis of

Service

• Instant Messaging
• Video and Voice Call

Platform

• Android OS
• iOS

Region

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

Key Players

• Microsoft Inc.
• Facebook Inc.
• Vonage Holdings Corporation
• Apple Inc.
• Google Inc.
• Kakao Corporation
• One Horizon Group Inc.

Competitive Landscape

Major players of the mobile VoIP market are Microsoft Inc., Facebook Inc., Vonage Holdings Corporation, Apple Inc., Google Inc., Kakao Corporation, and One Horizon Group Inc.

Companies are engaging in strategies such as acquisitions, partnerships, collaborations, and mergers to leverage their market position. Moreover, the companies are focusing on expanding their product portfolio to expand their market share.