Press Release

Voice over WiFi Market to grow at a double digit CAGR during the forecast period

The increasing number of internet users and growing proliferation of internet are driving the global Voice over WiFi market during the forecast period.

According to TechSci Research report, “Global Voice over WiFi Market By Technology, By Voice Client, By Device Type, By End User, By Region, Forecast & Opportunities, 2025”, the global market for voice over WiFi is expected to witness robust growth during the forecast period. The intervention of internet in different segments, development of IoT (Internet of Things) and growing adoption of internet are contributing to the increasing share of the market across the globe. Another factor that can be held responsible for the same is the issue of poor indoor connectivity, which has led the population to shift to VoWiFi from VoLTE. However, the restraining factors of the market include issues in repairing and troubleshooting WiFi networks. In addition to this, the lack of the E-911 facility in VoWiFi might act as a constraint for the growth of the market.

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Voice over WiFi market is segmented based on technology, voice client, device type, end user, and region. The end user segment is bifurcated into residential and commercial. The commercial segment holds a major share in the VoWiFi market as governments in various countries have now initiated funding for the WiFi hotspots all over the world. At the same front, Indian government is aiming to install 10 million WiFi hotspots by the year 2022, in offices, companies, education centers, and especially in the rural areas, where the tower coverage is considerably less than the urban areas. Nevertheless, residential segment is also anticipated to witness positive growth until 2025.

In terms of regional analysis, North America accounted for the largest share of global voice over WiFi market and the trend is likely to continue in the coming years as well. An increase in the number of LTE subscribers in the region in the past two years has led to an extensive increase in the market share in the region. In addition to this, the adoption of IMS (Multimedia Core Network Subsystem) has also contributed to the growth as it provides the consumers with the best quality and interoperability of the existing networks.

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Some of the leading players in global voice over WiFi market include Alcatel-Lucent S.A., Oracle Corporation, Cisco Systems Inc., Ericsson AB, Huawei Technologies Co. Ltd, Aptilo Networks, KT Corporation, Mitel Networks Corporation, Nokia Corporation, Ribbon Communications US LLC, among others. In order to expand their market share, the companies adopt various strategies like new product launches, collaborations, introduction of attracting offers to attract more customers. Also, the companies of the region have started investing in IMS, for example, in the year 2018, Eastlink, a telecommunication company, selected Ericsson for the VoLTE and VoWiFi supply, which in turn will deploy a 5G network working on the principles of IMS components in the region. Cisco has also deployed in the top tier operators in North America. Even the churn rate, i.e., the rate at which customers stop subscribing to a service or employees leave a job, of North America mobile operators was as low as 1.5-2.5% as of 2016. Additionally, operators aim to reduce their churn rate in order to achieve market growth.

“Global voice over WiFi market is anticipated to witness significant growth over the course of next five years as the technology offers improved voice quality in comparison to 2G/3G, allows calls without the need for signals and offers better indoor coverage. Moreover, more bandwidth allocation for LTE than its counterparts coupled with surging number of VoLTE subscribers, is anticipated to drive the voice over WiFi market until 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Voice over WiFi Market, By Technology, By Voice Client, By Device Type, By End User, By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global voice over WiFi market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global voice over WiFi market.


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