The Global Mobile Voice Market was valued at USD 358.12 Billion in 2021
The Global Mobile Voice Market was valued at USD 358.12
Billion in 2021, and it is expected to reach a value of USD 519.22 Billion by
2028, at a CAGR of 5.45 % over the forecast period (2022-2028).
The Global Mobile Voice Market is being pushed largely by the
rising acceptance of mobile communication services across many business
verticals such as IT and telecommunications, healthcare, and manufacturing.
Technical improvements in the Voice over Internet Protocol (VoIP) sector, as
well as operator expenditures in global fibre infrastructure. The development
of digital gadgets, improved real-time communication interfaces, and
applications have all contributed to a significant increase in data usage over
wireless communication networks. As a result, instead of personal computers,
consumers are increasingly likely to acquire real-time data through wireless
digital devices. This is likely to drive the Global Mobile Voice Market soon.
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Global
Mobile Voice Market Segmental Analysis
Based on Type Outlook the Global Mobile Voice
Market is categorized into Transmission and application. Based on Transmission
the market is segmented into wireline and wireless. Based on Application the
market is segmented into Residential and commercial. Based on region the Mobile
Voice Market is categorized into North America, Europe, Asia-Pacific, South
America, and MEA.
Analysis by Type
In 2021, the wireless segment accounted for roughly
75% of the market share in terms of transmission. The increased usage of
wireless communication solutions among consumers and businesses to manage
enterprise communication infrastructure is driving the segment's growth. The
market is expected to gain from an increase in the mobile workforce, as well as
new trends such as Bring Your Own Device (BYOD) and the hybrid workplace model,
over the projected period. Smart gadgets are replacing the traditional work
culture of using desktop computers as the primary form of business
communication. This is projected to boost market growth even more.
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Global
Mobile Voice Market Dynamics
Driver
·
Increased use of VPN networks, as
well as increased corporate investment in networking solutions
·
VPNs were considered as an
efficient solution for the ever-increasing WAN costs, connecting remote users
and integrating partners, suppliers, and consumers into their networks by large
organizations. VPNs were used by small businesses because they were the first
true WAN or remote-access solution that they could afford. VPNs are expected to
save organizations between 30% and 70% compared to rival remote-access options.
This is estimated to boost the Mobile Voice Market
Restraint
·
Maintaining Security
·
Due to the fragmented
administration of existing products, as well as a lack of IT and cybersecurity
knowledge and experience, delivering and maintaining security across these many
networks, endpoint devices, and apps is difficult. Most of the time,
implementing a site-to-site VPN necessitates the installation of physical security
appliances, such as a firewall or security gateway, at each site to which a VPN
tunnel is to be established. This is expected to hinder the growth of the
Mobile Voice Market
Top Players Company Profiles
·
China Mobile Ltd.
·
Deutsche Telekom AG
·
SoftBank Group Corp.
·
China Telecom Corp Ltd.
·
Telefonica SA
·
Vodafone Group
·
KT Corporation
Recent
Developments
·
In June 2022, After ExpressVPN, Surfshark shuts Down VPN Servers in
India Over Government's Order. Surfshark, a virtual private network (VPN)
provider, shut down its servers in India in response to a government mandate
requiring VPN service providers to record and store user logs for 180 days and
collect and store customer data for five years.
·
In May 2022, Opera introduced the 'VPN Pro' service for its browser app.
As a result, Opera is the only major browser that offers both a no-log,
limitless Free VPN for the browser and a device-wide VPN Pro solution, giving
extra data protection and robust online security.
·
In May 2022, IBM and MBZUAI collaborated with Advance AI Research with
New Centre of Excellence.
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