12th December 2019 – The global Mobile
VoiP Market is set to witness a higher CAGR in the forecast period.
Rising volume of mobile communication and smartphones significantly drives the
Mobile VoiP industry. In addition, the communication apps now have a sizeable
market and every communication company has a tremendous competitive advantage.
Skype, WhatsApp, Viber, and Line hold
prominence in the mobile VoiP market. Constant R&D for communication,
connectivity, and entertainment leverages the use of smartphones in the
forecast period. However, confined network speeds, low awareness on
communication levels in developing/underdeveloped countries along with
government restrictions might hinder the market growth in the forecast period.
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By service, the mobile VoiP industry is
segmented into Video Conferencing, Video and Voice Call, and Instant Messaging.
By Platform, the mobile VoiP market segmentation comprises Windows OS, iOS and
Android OS. Based on service, the mobile VoiP industry segmentation comprises
instant messaging, video, and voice call. By platform, the VoiP market is
segmented as Android OS, iOS and Windows OS.
Geographical segmentation for mobile
VoiP market includes North America, South America, Europe, Asia-Pacific, Middle
East and Africa. Asia-Pacific accounts for a significant market share in the
global market due to increase in use of technology and significant investment
for high-speed Internet. The region witnesses a high number of voice mail
subscription owing to increase in internet services and mobile use.
North American and European markets have
gained tremendous popularity, as internet proliferation is high in these areas.
Technological advances and emergence of new communication technologies is
likely to pump the market growth in these areas. Middle Eastern areas enjoy a
higher market position owing to use of enhanced technologies. African market is
expected to grow at a moderate CAGR owing to low proliferation of internet
services. The key players in the mobile VoiP industry include Apple Inc,
Facebook Inc, Microsoft Inc, Vonage Holdings Corporation, Apple Inc, Google
Inc, One Horizon Group Inc, and Kakao Corporation.
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