Thanks to the growing popularity of business VoIP, the global mobile VoIP solutions market is expected to grow at a rate of 64.6 percent from 2011-2015, according to a new report from TechNavio.
The growth, fueled by increasing global network and wireless bandwidth capabilities, has also resulted in a price war among mobile VoIP vendors in the market. The industry has witnessed the emergence of several new players and multiple established companies who are continuing to lose their market share to new entrants.
TechNavio expects this trend will continue to grow in the next few years as the market sees the emergence of new global and regional players. This is fueled by the presence of several factors such as low entry costs and huge business opportunities present in the region.
Some of the key vendors dominating this market space include Fringland, Nimbuzz (News - Alert), Skype and Vonage Holdings. Other vendors mentioned in the report are Vyke Communications, Truphone, Jajah, Vopium AS.
The report is based on an in-depth study covering the Americas, as well as the EMEA and APAC regions and findings aim to aid decision makers' understanding of the significant trends impacting this market.
VoIP, especially business VoIP, is an attractive option for companies because there is high demand among users for low call tariffs. Since mobile VoIP services are offered over IP-based communication services and require comparatively low investment as compared to legacy networks, over the top providers (OTTPs) are able to offer mobile VoIP solutions at a much lower cost.
In order to remain at the forefront of all next-generation technology, companies all over the globe are leveraging business VoIP to see multiple benefits such as dramatically reduced costs, improved productivity and reliability and much better efficiency in operations overall.
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Edited by Jamie Epstein