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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