Mobile IP telephony market by 2031 will reach 327.5 billion USD worldwide and 21.1 percent.

Increasing use of smart devices and reliable high-speed internet usage across the globe is driving the growth of the market. At the same time, the growing popularity of innovative and user-friendly apps that enhance smartphone connectivity and connectivity is fueling the growth of the global mobile VoIP market.

PORTLAND, Ore., in 2023 February 2 /PRNewswire/ — Allied Market Research released its report, “Mobile IP Telephony Market by Operating System (Android and iOS), by Application (Video Sharing, Screen Sharing, File Sharing, etc.), by Model (Premium model, and enterprise model): global opportunity analysis and industry forecast, 2021-2031. According to the report, the global mobile VoIP industry has developed 49.23 billion in 2021 and expected to achieve 327.5 billion to 2031, 21.1% CAGR from 2022 until 2031 The report provides detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes and competitive scenarios.

Drivers, constraints and opportunities

Increased penetration of smart devices, high internet connectivity, and increasing popularity of innovative and user-friendly applications are driving the growth of the mobile VoIP market. Moreover, the growth of advanced consumer electronics is positively impacting the growth of the mobile VoIP market. However, lack of awareness about mobile VoIP software and security concerns are hampering the growth of the mobile VoIP market. On the contrary, increasing adoption of cloud-based security applications is expected to pay off in the forecast period to expand the mobile VoIP market.

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Covid-19 scenario

  • Growing work-from-home culture in developing countries and increasing penetration of mobile VoIP services among employees is positively impacting market growth. Governments around the world have imposed lockdowns to stop the spread of the virus, leading to a surge in demand for mobile VoIP apps to allow employees to work remotely.
  • The increasing use of mobile VoIP applications in training and meetings has proven to be incredibly effective for many doctors and healthcare workers, which is positively impacting the growth of the market.

Android segment to maintain its dominance during the forecast period

According to the operating system, the Android segment in 2021 held the largest share, capturing nearly three-quarters of the global mobile VoIP market revenue, and by 2031 expected to maintain its dominance. in the iOS segment in 2021 forecast period. This is due to the huge increase in demand for luxury smartphones.

Enterprise Model segment to manage

According to the model, the highest quality model in 2021. accounted for more than two-thirds of the global mobile VoIP market share, and by 2031 it will grow. The enterprise model segment would show the fastest CAGR of 23.2% during the forecast period. The growth of the segment is driven by various companies seeking to improve productivity through an efficient route based on skill sets in developed and developing regions.

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North America collected the largest share in 2021

By region, North America accounted for the major share in 2021, capturing more than three-fifths of the global mobile VoIP market revenue, and by 2031 should dominate. This is due to high mobile penetration and faster internet connectivity in the US and other key regions. across North America. Asia and the PacificOn the other hand, in 2022-2031 would show the fastest CAGR of 23.7%.

Leading market players

  • Cisco Systems, Inc
  • Microsoft Corporation
  • Citrix Systems, Inc
  • Facebook, Inc.

The report analyzes these key players in the global mobile VoIP market. These players have adopted various strategies such as expansions, new product launches, partnerships and others to increase their market penetration and strengthen their position in the industry. The report is helpful in identifying the business performance, operating segments, developments and product portfolios of each market player.

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About us

Allied Market Research (AMR) is the full-service market research and business advisory wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global companies as well as medium and small businesses with unmatched qualityMarket research reportsand Business Intelligence Solutions. AMR’s goal is to provide business insights and consulting to help our clients make strategic business decisions and achieve sustainable growth in their respective market areas.

We maintain professional corporate relationships with various companies and this helps us to extract market data which helps in generating accurate research data tables and confirms the highest accuracy of market forecasting. CEO of Allied Market Research Pavan Kumar inspires and motivates everyone involved in the company to maintain high data quality and help customers succeed in every possible way. All the data presented in our published reports are taken through primary interviews with the most senior executives of the companies in the respective field. Our secondary data acquisition methodology involves extensive online and offline research and discussions with knowledgeable professionals and analysts in the field.


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SOURCE Union Market Research

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