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Mobile VoIP Market to Reach $327.5 Billion, Globally, by 2031 at 21.1% CAGR: Allied Market ResearchRise in usage of smart devices and reliable high-speed internet usage across the globe is propelling the growth of the market. Simultaneously, the growing popularity of innovative and user-friendly apps that improve smartphone communication and connectivity is driving the growth of the global mobile VoIP market. PORTLAND, Ore., Feb. 2, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Mobile VoIP Market by Operating System (Android, and iOS), By Application (Video sharing, Screen sharing, File sharing, and others), By Model (Premium Model, and Enterprise Model): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global mobile VoIP industry generated $49.23 billion in 2021, and is estimated to reach $327.5 billion by 2031, witnessing a CAGR of 21.1% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. Drivers, Restraints, and Opportunities Increase in penetration of smart devices along with high internet connectivity and surge in popularity of innovative and user-friendly applications boost the growth of the mobile VoIP market. In addition, the increase in advanced consumer electronics is positively impacting the growth of the mobile VoIP market. However, lack of awareness about mobile VoIP software and surge in security concerns hamper the mobile VoIP market growth. On the contrary, increase in adoption of cloud-based security application is expected to offer remunerative opportunities for the expansion of the mobile VoIP market during the forecast period. Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/47758 Covid-19 scenario
The android segment to maintain its dominance during the forecast period By operating system, the android segment held the largest share in 2021, garnering nearly three-fourths of the global mobile VoIP market revenue, and is projected to maintain its dominance by 2031. The iOS segment would showcase the astest CAGR of 22.4% during the forecast period. This is driven by the considerable increase in demand for luxury smartphones. The Enterprise Model segment to rule the roost By model, the premium model contributed to more than two-thirds of the global mobile VoIP market share in 2021, and is projected to rule the roost by 2031. The enterprise model segment would display the fastest CAGR of 23.2% throughout the forecast period owing to rise in adoption of enterprise model by various businesses to improve the productivity through effective routing based on skill set in developed and developing regions fuels the segment growth. Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/47758 North America garnered the major share in 2021 By region, North America held the major share in 2021, garnering more than three-fifths of the global mobile VoIP market revenue, and is expected to dominate by 2031. This is due to the high penetration of mobile devices and faster internet connections in the U.S. and other major regions across North America. Asia-Pacific, on the other hand, would showcase the fastest CAGR of 23.7% from 2022 to 2031. Leading Market Players
The report analyzes these key players in the global Mobile VoIP market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player. Buy this Report at: https://www.alliedmarketresearch.com/checkout-final/61c458b4fb821504399b18abdb66a426 Trending Reports in ICT & Media Industry (Book Now with 10% Discount): Anti-Piracy Protection Market Expected to Reach $575.6 Million by 2031 Bluetooth 5.0 Market Expected to Reach $11.7 Billion by 2031 Video Game Software Market Expected to Reach $751.4 Billion by 2031 Computer Vision Market expected to reach $41.11 Billion by 2030 About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg View original content:https://www.prnewswire.co.uk/news-releases/mobile-voip-market-to-reach-327-5-billion-globally-by-2031-at-21-1-cagr-allied-market-research-301737305.html |