Voice over WiFi (VoWiFi)

Global Voice over WiFi (VoWiFi) Market to Reach US$22.7 Billion by 2030

The global market for Voice over WiFi (VoWiFi) estimated at US$6.2 Billion in the year 2024, is expected to reach US$22.7 Billion by 2030, growing at a CAGR of 24.1% over the analysis period 2024-2030. Smartphone Device, one of the segments analyzed in the report, is expected to record a 25.7% CAGR and reach US$13.4 Billion by the end of the analysis period. Growth in the Router Device segment is estimated at 23.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.8 Billion While China is Forecast to Grow at 23.2% CAGR

The Voice over WiFi (VoWiFi) market in the U.S. is estimated at US$1.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 23.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 21.5% and 19.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.4% CAGR.

Global Voice over WiFi (VoWiFi) Market - Key Trends & Drivers Summarized

Why Is Voice over WiFi (VoWiFi) Gaining Traction?

Voice over WiFi (VoWiFi) technology is rapidly gaining traction as a preferred solution for enhancing voice call quality and coverage, especially in areas with poor cellular network reception. VoWiFi enables voice calls over wireless networks, allowing mobile network operators (MNOs) to offload traffic from traditional cellular networks and enhance indoor coverage. This technology leverages existing WiFi infrastructure, reducing the need for additional investments in network expansion. With the increasing penetration of smartphones and the proliferation of WiFi networks in homes, offices, and public spaces, VoWiFi is becoming an essential component of the modern communication landscape.

How Do Technological Advancements and Consumer Preferences Influence VoWiFi Adoption?

Technological advancements, including the integration of VoWiFi with Voice over LTE (VoLTE) and Rich Communication Services (RCS), are significantly influencing the adoption of VoWiFi. Consumers are increasingly seeking seamless and uninterrupted voice and data services, and VoWiFi addresses this demand by offering high-definition voice calls with reduced latency and call drops. Furthermore, the growing preference for data-based communication solutions, such as messaging apps and video calls, aligns with the capabilities of VoWiFi, which supports multimedia communication over IP networks. As more network operators and smartphone manufacturers enable VoWiFi capabilities, user adoption is expected to increase substantially.

What Role Do Regulatory Support and Market Competition Play?

Regulatory support and intense market competition among telecom operators are crucial drivers of the VoWiFi market. Governments and regulatory bodies in several countries are promoting VoWiFi as part of their digital communication strategies to improve network coverage and connectivity. Telecom operators are increasingly adopting VoWiFi to differentiate their services, reduce churn rates, and enhance customer satisfaction. By offering bundled VoWiFi and VoLTE services, operators are not only enhancing the quality of their voice services but also optimizing their network resources, which is critical in highly competitive markets.

What Factors Are Driving the Growth in the Voice over WiFi (VoWiFi) Market?

The growth in the Voice over WiFi (VoWiFi) market is driven by several factors, including technological advancements in communication networks, increasing demand for high-quality voice services, and supportive regulatory frameworks. The integration of VoWiFi with 5G networks and next-generation communication technologies offers enhanced user experiences and drives market expansion. Rising smartphone penetration, coupled with the proliferation of WiFi networks in residential and commercial settings, also fuels the market. Telecom operators` strategic initiatives to improve customer retention through innovative voice solutions, coupled with cost advantages of deploying VoWiFi over existing WiFi infrastructure, further propel market growth. Additionally, the push towards digital transformation and smart city projects worldwide supports the widespread adoption of VoWiFi.

SCOPE OF STUDY:

The report analyzes the Voice over WiFi (VoWiFi) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Device Type (Smartphone, Router, Other Device Types); End-Use (Integrated VoWiFi Client, Separate VoWiFi Client, Browser VoWiFi Client)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 42 Featured) -

• Alchemy Networks Limited
• China Mobile Ltd.
• Cisco Systems, Inc.
• eVoice, Inc.
• IMG Communication Technology Company Limited
• Inwya
• IPiFony Systems
• Jaipur Engineering College
• Millry Communications
• Nettec

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