Surging Deployment of Wi-Fi in Public Places Driving VoWiFi Market

The global voice over Wi-Fi (VoWiFi) market value stood at $2,035.3 million in 2019, and it is predicted to rise to $22,801.2 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market will progress at a CAGR of 24.5% from 2020 to 2030 (forecast period). The rapid improvements being made in the overall quality of service (QoS) for users and increasing global Wi-Fi hotspot availability are the major factors fueling the progress of the market around the world.

The surging Wi-Fi hotspot coverage is one of the major factors driving the expansion of the market. Over the last few years, several governments have made huge investments in the deployment of Wi-Fi hotspots in public places. In 2017, there were around 124 million public wireless local area network (WLAN) and community hotspots across the world, which are predicted to rise to 550 million by 2022. Factors, such as higher speed and capacity of Wi-Fi and free access to Wi-Fi and community Wi-Fi hotspots, are supporting the growth of the market.

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Depending on technology, the VoWifi market is classified into voice over LTE generic access (VoLGA), voice over IP multimedia subsystems (IMS), and circuit-switched fallback (CSFB). Out of these, the VoLGA category is predicted to demonstrate the highest growth rate in the coming years, on account of its ability to offer VoLTE services by using the network operator's 4G infrastructure. The other major factor that is propelling the expansion of this category is that it does not need any alterations in the architecture, but utilizes a new separate gateway controller.

When end user is taken into consideration, the VoWiFi market is divided into commercial and residential categories. Of these, the residential category held larger share in the market over the last few years. Rapid advancements and increasing VoWiFi services in the residential category are credited to the various benefits provided by this technology, such as uninterrupted call services, even in places that don't have a cellular network. The commercial category is predicted to demonstrate higher growth rate in the coming years, on account of the growing Wi-Fi network coverage at industrial parks, offices, and public places.

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Across the globe, the Asia-Pacific (APAC) region is predicted to demonstrate the highest growth rate in the VoWiFi market in the forthcoming years. China was home to the largest VoLTE subscriber base in the region. Moreover, the country is home to several major telecom operators, such as China Mobile, China Unicom, and China Telecom. Further, other countries are also rapidly deploying Wi-Fi networks in major cities, thereby facilitating the growth of the market in the region.

Hence, the market is set for prosperity in the coming years, on account of the growing deployment of Wi-Fi in public places, such as airports, public parks, and commercial establishments, increasing internet penetration, and soaring use of smartphones, laptops, and various internet-connected devices all over the world.

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This release was published on openPR.