USD 23.62 billion
Mobile Voice Market Size, Share, Growth Analysis, By Transmission(Wireline, Wireless), By Application(Residential, Commercial/Business), By End use(Consumer / Residential and Business), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45H2025 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
86
|Figures:
76
Mobile Voice Market Insights
Global Mobile Voice Market size was valued at USD 23.62 billion in 2019 and is poised to grow from USD 26.5 billion in 2023 to USD 59.3 billion by 2031, growing at a CAGR of 12.2% in the forecast period (2024-2031).
Global 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.
US Mobile Voice Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Wireless
Fastest Growth
Wireless
Growth Rate
12.2% CAGR
Global mobile voice Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
To get more reports on the above market click here to Buy The Report
Mobile Voice Market Segmental Analysis
Based on Type Outlook, the Global Mobile Voice Market is categorized into Transmission, application, end use, and region. Based on Transmission, the market is segmented into wireline and wireless. Based on end use, the global market is segmented into consumers/residential and business. Based on Application the market is segmented into Residential and commercial. Based on region the market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Artificial Intelligence In Retail Market 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.
Global mobile voice Market By End-User , 2021(%)
To get detailed analysis on other segments, Request For Free Sample Report
Mobile Voice Market Regional Insights
In 2021, Asia Pacific had the greatest market share, and it is predicted to increase significantly soon. Increased emphasis on wireless network infrastructure, enterprise adoption of cloud-based communication services, and a big consumer base are driving regional growth. According to the poll, the region is on track to acquire more than half of all mobile users soon, owing to strong consumer demand and regional technical viability. The regional market is predicted to grow rapidly, driven by e-commerce expansion, the introduction of 5G technology, and the widespread use of smartphones. China, Japan, and India have all made important contributions to the expansion of regional markets.
Global mobile voice Market By Geography, 2021 - 2028
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Mobile Voice Market Dynamics
Artificial Intelligence In Retail Market 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
Artificial Intelligence In Retail 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
Request Free Customization of this report to help us to meet your business objectives.
Mobile Voice Market Competitive Landscape
To improve their market offers, the Mobile Voice Market suppliers have employed a variety of organic and inorganic growth tactics, such as new product releases, product upgrades, collaborations and agreements, business expansions, and mergers and acquisitions.
Artificial Intelligence In Retail Market Top Players Company Profiles
- AT&T Inc.
- Verizon Communications Inc.
- Nippon Telegraph and Telephone Corporation (NTT)
- Vodafone
- China Mobile
- T-Mobile US
- Deutsche Telekom
- Orange
- Telefónica
- Sprint Corporation
- BT Group
- América Móvil
- Telecom Italia
- SoftBank Group
- Bell Canada
- Telus Corporation
- China Unicom
- KDDI
- Swisscom
- SK Telecom
Artificial Intelligence In Retail Market 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.
Mobile Voice Key Market Trends
- When it comes to VPN usage by region, North America comes out on top. Because of many businesses and organizations in the United States, North America accounted for 35% of the global VPN market.
- Site-to-site VPNs were created as a solution when most of a company's personnel and IT equipment were situated in these physical locations. With the shift to cloud computing and remote work, businesses want a networking solution that is less reliant on physical locations. Secure Access Service Edge (SASE) equipment replace VPN endpoints in the cloud. Each SASE node features an integrated security stack and SD-WAN capability, allowing traffic to be routed effectively between nodes. SASE also has software-defined perimeter (SDP) features, allowing enterprises to adopt zero trust network access simply and successfully.
Mobile Voice Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Wireless team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Mobile Voice Market research report also captures the market roadmap with market sizes, revenue forecasts, value chain, market & product trends, price trends and regulations, competitive landscape, leading players, and their key developments, strategy, and profile. The report aims to provide an overview of market players with detailed market segmentation by product, application, and geographical region.
According to our analysis North America is predicted to hold a considerable proportion of the Mobile Voice Market, with rising corporate attention and the presence of key suppliers serving as important drivers driving the region's growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 23.62 billion |
| Market size value in 2031 | USD 59.3 billion |
| Growth Rate | 12.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mobile Voice Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mobile Voice Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Mobile Voice Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mobile Voice Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mobile Voice Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mobile Voice Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
