What is the global market size of Mobile Voice Market?

Global Mobile Voice Market size was valued at USD 23.62 billion in 2021 and is poised to grow from USD 26.5 billion in 2022 to USD 59.3 billion by 2030, growing at a CAGR of 12.2% in the forecast period (2023-2030).

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.

Mobile Voice Market Report Snapshots

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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).

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. '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'

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

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 VPN market.

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.

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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

Mobile Voice Market Insights

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