Global Mobile VoIP Market to Reach US$ 111.1 Billion by 2032, Impelled by Penetration of High-Speed Internet Connectivity

September 14, 2022 | Technology & Media

According to the latest report by IMARC Group, titled "Mobile VoIP Market Report by Platform (Android OS, iOS, Window OS, and Others), Service (Video and Voice Call, Video Conferencing, Instant Messaging, and Others), Model Type (Freemium Model, Premium Model, Enterprise Model), Vertical (Healthcare, Banking and Financial Services, Retail, Government, Education, Transportation, Media and Entertainment, Military and Defense, and Others), and Region 2024-2032," the global mobile VoIP market size reached US$ 42.2 Billion in 2023. Mobile VoIP refers to a telecommunication method that allows users to communicate easily using their internet network. It is a cloud-based technology that enables individuals to stay connected while on the go at all times as it streamlines all communications under one platform, thus acting as an efficient unified communication system. It requires several technologies to make calls, such as a high-speed internet connection, VoIP service provider, mobile device and mobile VoIP software. It converts voice calls into digital signals, which are later transported through IP networks and provides several other features, including team chat, online faxing, records and logs of calls, call analytics and routing and integration with customer relationship management (CRM). 

Global Mobile VoIP Market Trends:

The global market is primarily driven by the penetration of high-speed internet connectivity. Coupled with the widespread adoption of smartphones, laptops and tablets for entertainment and education purposes, this is providing a boost to the market. Along with this, continual technological advancements and the increasing adoption of cloud-based security applications are creating a positive market outlook. Moreover, the rising investments by private and public agencies to improve the overall network infrastructure, such as 5G communication and long-term evolution (LTE), are significantly supporting the demand for mobile VoIP across the globe. In line with this, numerous initiatives undertaken by the government of several countries to connect rural and geographically extended locations with modern facilities are acting as growth-inducing factors. Furthermore, the rapid outbreak of coronavirus disease (COVID-19) has created a positive market outlook for the overall mobile VoIP market on the global level. Other factors, including rapid digitization, intensive business competition and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 111.1 Billion by 2032, exhibiting a CAGR of 11% during 2024-2032. 

Market Summary: 

  • On the basis of the platform, the market has been categorized into android OS, iOS, window OS and others.
  • Based on the service, the market has been segmented into video and voice call, video conferencing, instant messaging and others.
  • On the basis of the model, the market has been bifurcated into freemium, premium and enterprise models.
  • Based on the vertical, the market has been classified into healthcare, banking and financial services, retail, government, education, transportation, media and entertainment, military and defense and others. 
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Apple Inc., Facebook Inc., Google Inc., Citrix Systems Inc., Kakao Corporation, Grasshopper Group LLC. (LogMeIn Inc.), Microsoft Corporation, Tata Communications Ltd., Tencent Holdings Ltd., T-Mobile (Deutsche Telekom AG) and Vonage Holdings Corporation.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Platform, Service, Model Type, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Apple Inc., Facebook Inc., Google Inc., Citrix Systems Inc., Kakao Corporation, Grasshopper Group LLC. (LogMeIn Inc.), Microsoft Corporation, Tata Communications Ltd., Tencent Holdings Ltd., T-Mobile (Deutsche Telekom AG) and Vonage Holdings Corporation
Customization Scope 10% Free Customization
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Global Mobile VoIP Market to Reach US$ 111.1 Billion by 2032, Impelled by Penetration of High-Speed Internet Connectivity
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