Global Mobile VoIP Market 2016-2020

Outlook of the global mobile VoIP market

Technavio’s market research analyst predicts the global mobile VoIP (mVoIP) market to grow at an impressive CAGR of around 28% during the forecast period. The ubiquity of 3G and the advent of LTE service is the primary growth driver for this market. Telecom operators from across the globe have noticed a significant opportunity in carrier aggregation and hence, are investing in the deployment of the LTE-A system. The deployment of such systems will clearly represent the penetration level of LTE systems and will account for the upsurge that can be expected in the global mVoIP market during the forecast period.

An important factor that propels the prospects for growth in this market is the low total cost of ownership (TCO). VoIP technology enables data traffic and voice communication traffic integration into a single network to reduce the total TCO associated with a combined voice or data network. The integration of multiple media types such as voice, data, and video into a single network eliminates infrastructure and maintenance redundancies, which in turn helps to reduce capital and operational costs.

Product-based segmentation of the mobile VoIP market

• Video sharing
• Screen sharing
• File sharing
• Video and voice calls
• Instant messaging
• CRM integration services
• Virtual number service

In 2015, the voice and video calls segment dominated this market and is envisaged to retain its hold over the market until 2020. The availability of faster data streams, presence of strong network infrastructure, relatively lower calling prices compared to mobile voice plans are the primary factors fueling the demand for mVoIP.