Global VoWiFi Market Set for Lucrative Growth in Asia-Pacific in Future

The global VoWiFi (voice-over Wi-Fi) market generated a revenue of $2,035.3 million in 2019 and is predicted to attain a valuation of $22,801.2 million by 2030, exhibiting a CAGR of 24.5% between 2020 and 2030. The rapidly rising availability of Wi-Fi hotspots in several countries and huge improvements in the overall quality of service (QoS) for users are the key factors fueling the progress of the market across the globe.

In recent years, there has been a massive growth in the worldwide Wi-Fi hotspot coverage. In the last couple of years, the governments of several countries have made huge investments in the deployment of Wi-Fi hotspots in various public places. In 2017, there were as many as 124 million community and public wireless local area network (WLAN) hotspots all over the world and this number is predicted to rise to 550 million by 2022.

Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/voice-over-wifi-vowifi-market/report-sample

Besides the aforementioned factor, the emergence of community Wi-Fi hotspots, the availability of free Wi-Fi access, and the higher speeds and capacities of Wi-Fi networks are also fueling the advancement of the VoWiFi market around the world. The advent of voice over Wi-Fi services has caused huge improvements in the QoS being provided to subscribers. This technology allows users to remain connected with each other over the call, even when there is no mobile signal.

VoWiFi enables users to receive and make calls reliably without upgrading the smartphone or installing additional applications. Furthermore, this technology utilizes the already existing subscriber identification module (SIM) security mechanisms for authenticating and protecting communications. It also allows the seamless transfer of the network, from Wi-Fi to cellular networks, during ongoing calls. Poor network issues at homes, offices, and shops and the availability of voice-over Wi-Fi at affordable prices are encouraging mobile operators to expand their operations in different places.

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 highest growth rate in the market in the forthcoming years. This would be mainly because of the ability of the VoLGA network to offer VoLTE services by using the 4G network infrastructure of the service provider.

Browse full report at: https://www.psmarketresearch.com/market-analysis/voice-over-wifi-vowifi-market

Besides the aforementioned factor, the other major factor driving the advancement of this category is the fact that the VoLGA network doesn't need any modifications or alterations in the network architecture. Instead, it uses a completely new and separate gateway controller. Globally, the Asia-Pacific (APAC) VoWiFi market would be very prosperous in the future, as per the estimates of the market research company, P&S Intelligence. In this region, the market is currently recording the highest expansion in China.

Hence, it can be said with full surety that the market would demonstrate huge expansion all over the world in the upcoming years, mainly because of the rapid setting up of Wi-Fi hotspots and networks in public places in several countries and swift improvements in QoS around the world.

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://worldwideanalysistrends.blogspot.com

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

This release was published on openPR.