VoWiFi Market Provides Detailed Insight by Trends, Challenges, Opportunities, and Competitive Analysis

The global voice over Wi-Fi (VoWiFi) market generated a revenue of $2,035.3 million in 2019, and it will reach a value of $22,801.2 million by 2030. Furthermore, the market will progress at a CAGR of 24.5% between 2020 and 2030, as per the forecast of the market research firm, P&S Intelligence. The sharp surge in the worldwide Wi-Fi hotspot availability and the rapid improvements being made in the overall quality of service (QoS) for users are fueling the market expansion.

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With various governments making huge investments for installing Wi-Fi hotspots in public places, the worldwide Wi-Fi hotspot coverage is growing rapidly. According to reports, there were only 124 million community and public wireless local area network (WLAN) hotspots in the world in 2017, and this number if predicted to rise to 550 million by 2022. Additionally, free access to community Wi-Fi hotspots and Wi-Fi and the higher speed and capacity of Wi-Fi are the other market growth drivers.

this technology utilizes the existing subscriber identification module (SIM) security mechanisms for authenticating and protecting communications and also provides a seamless network transfer during ongoing calls, to the cellular network from the Wi-Fi. Depending on technology, the VoWiFi market is divided into voice over LTE generic access (VoLGA), voice over IP multimedia subsystem (IMS), and circuit-switched fallback (CSFB) categories. Out of these, the VoLGA category is predicted to exhibit the fastest growth in the market in the forthcoming years.

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This will be because of its ability to provide VoLTE services by leveraging the network operator’s 4G infrastructure. In addition to this, the VoLGA technology does not need any modifications or alterations in the architecture and instead, utilizes a new separate gateway controller. Across the globe, the VoWiFi market is predicted to demonstrate the fastest growth in the Asia-Pacific (APAC) region in the upcoming years. China has the biggest VoLTE subscriber base in the region.

Hence, it is safe to say that the market will register huge expansion in the coming years, primarily because of the surging penetration of the internet, increasing Wi-Fi hotspot availability, and the rapidly improving QoS being provided to the users across the world.

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