Mobile VoIP Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Mobile VoIP Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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.

Mobile VoIP (Voice-over-IP) refers to 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 increase the spectrum efficiency and lower the maintenance cost as only one network is used for data transmission. Mobile VoIP offers a number of benefits, such as increased accessibility, clear voice quality, enhanced portability, higher scalability, instant messaging, video conferencing at the lowest cost, etc. Some of the common platforms adopted for mobile VoIP include Android OS, iOS, and Windows OS and MAC OS.

Mobile VoIP Market Trends:
The increasing penetration of smart devices along with the high internet connectivity is primarily driving the global market for mobile VoIP. In line with this, the growing popularity of innovative and user-friendly applications, such as WhatsApp, Line, Skype, Viber, etc., for enhancing the smartphone functionality regarding communication and connectivity is also propelling the market growth. Moreover, the widespread presence of high-speed network infrastructures coupled with lowering data charges are further catalyzing the market for mobile VoIP services. Additionally, several smartphone manufacturers are launching advanced product variants with improved features, such as augmented reality, flexible screens, holographic displays, etc., to provide higher compatibility with mobile VoIP services. Besides this, significant growth in the corporate sector along with the emerging trend of Bring Your Own Device (BYOD) is also bolstering the market growth. Moreover, the outbreak of the COVID-19 pandemic had led to the implementation of lockdowns across several nations, thereby propelling the adoption of remote working models. As a result, there is an increasing demand for mobile VoIP services for video conferencing and virtual connectivity to maintain the operational workflow across various organizations.

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 at the global, regional and country level from 2023-2028. Our report has categorized the market based on platform, service, model type and vertical.

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
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
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.

Key Questions Answered in This Report

1. What was the size of the global mobile VoIP market in 2022?
2. What is the expected growth rate of the global mobile VoIP market during 2023-2028?
3. What has been the impact of COVID-19 on the global mobile VoIP market?
4. What are the key factors driving the global mobile VoIP market?
5. What is the breakup of the global mobile VoIP market based on the platform?
6. What is the breakup of the global mobile VoIP market based on the service?
7. What is the breakup of the global mobile VoIP market based on the model type?
8. What are the key regions in the global mobile VoIP market?
9. Who are the key players/companies in the global mobile VoIP market?