Mobile VoIP Market Size To Reach $104.92 Billion By 2030

Mobile VoIP Market Growth & Trends

The global mobile VoIP market size is expected to reach USD 104.92 billion by 2030, expanding at a CAGR of 12.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The transition to packet-switched networks from circuit switch networks is propelling the growth of the mobile VoIP market. 

The deployment of 4G/LTE is one of the key drivers boosting industry growth. The increase in the capability of wireless bandwidth services and growing investment by telecom operators in the deployment of a high-speed network is expected to enhance the usage of these services over the forecast period. Moreover, mobile VoIP service eliminates the need for voice plans, text add-ons, and achieves flexibility in making unlimited, inexpensive, or free calls. 

The competition in the mobile VoIP market is intense as several new service providers are focusing on increasing their market presence by offering low-cost services enabling the use of internet-based communication. Mobile VoIP is highly dependent on the reliable high-speed network. However, limited network speed results in interrupted and disruptive communication, which is expected to challenge industry growth over the forecast period.

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Mobile VoIP Market Report Highlights

• The video conferencing segment is estimated to grow at a CAGR of over 38.5% by 2023. The need for scalable communication methods and growing globalization is driving the demand for video conferencing market. The increasing trend of Bring your Own Device (BYOD) is also contributing to the demand for video conferencing in the corporate sector.

• The Android operating system (OS) segment dominated the market in 2023. The free availability of this OS is attracting creators for developing low-cost smartphones. Moreover, Android is an open platform, which is enabling application developers to modify the OS as per their needs thereby, boosting the demand for Android-based devices.

• The European mobile VoIP industry is anticipated to remain the largest over the forecast period. The region is expected to witness significant growth owing to the increasing smartphone users using instant messaging services such as Facebook and WhatsApp. The number of monthly active Facebook users in the region increased from 233 million in September 2015 to 240 million in December 2015.

• Asia Pacific mobile VoIP market is anticipated to witness noteworthy growth during the forecast period. Increase in business activity, small and medium enterprises, and rise in start-ups are driving the growth in Asia Pacific market.

• Key players in the mobile VoIP market include Apple Inc., Google LLC, and RingCentral, Inc.. The competition in providing VoIP offerings is intense, which is enabling the service providers to offer differentiated products and services.

Mobile VoIP Market Segmentation

Grand View Research has segmented the global mobile VoIP market based on service and platform:

Mobile VoIP Service Outlook (Revenue, USD Billion, 2018 - 2030)

• Video and Voice Calls

• Video Conferencing

• Instant Messaging

• Others

Mobile VoIP Platform Outlook (Revenue, USD Billion, 2018 - 2030)

• Android OS

• iOS

• Windows OS

• Others

Mobile VoIP Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • Saudi Arabia

  • South Africa

List of Key Players in Mobile VoIP Market

• Apple Inc.

• Google LLC

• Microsoft

• RingCentral, Inc.

• Nextiva

• Grasshopper

• Cisco Systems, Inc.

• Aircall

• Mitel Networks Corp.

• Meta

• Zoom Video Communications, Inc.

• 3CX

• 8x8, Inc.

• GoTo group