Mobile VoIP Market Size Is Projected To Reach $145.76 Billion By 2024: Grand View Research, Inc.
New Market Research Reports Title “Mobile VoIP Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database
The global mobile VoIP market is expected to reach USD 145.76 billion by 2024, according to a new report by Grand View Research, Inc. The transition to packet-switched networks from circuit switch networks is propelling the growth of mobile VoIP market.
The deployment of 4G/LTE is one of the key drivers boosting the industry growth. The increase in the capability of wireless bandwidth services and growing investment by telecom operators in the deployment of a high-speed network is expected to enhance the usage of these services over the forecast period. Moreover, mobile VoIP service eliminates the need for voice plans, text add-ons and achieves flexibility in making unlimited, inexpensive or free calls.
The competition in the mobile VoIP market is intense as several new service providers are focusing on increasing their market presence by offering low-cost services enabling the use of internet-based communication. Mobile VoIP is highly dependent on the reliable high-speed network. However, limited network speed results in interrupted and disruptive communication, which is expected to challenge the industry growth over the forecast period.
Browse full research report on Global Mobile VoIP Market: http://www.grandviewresearch.com/industry-analysis/mobile-voip-market
Further key findings from the report suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/communication-services
Grand View Research has segmented the mobile VoIP market on the basis of services, platform and region:
Mobile VoIP Services Outlook (Revenue, USD Billion, 2014 - 2024)
Mobile VoIP Platform Outlook (Revenue, USD Billion, 2014 - 2024)
Mobile VoIP Regional Outlook (Revenue, USD Billion, 2014 - 2024)
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-mobile-voip-market
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