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Mobile VoIP Market Expected to Reach USD 327.5 Billion by 2031| Top Key players such as - 8x8, 3Cx, Mitel Networks Corp and Jive Software.
According to the report published by Allied Market Research, The Mobile VoIP Market Expected to Reach USD 327.5 Billion by 2031| Top Key players such as - 8x8, 3Cx, Mitel Networks Corp and Jive Software. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.Mobile VoIPs is a set of communications protocols that can extend VoIP communications to handheld devices. This is frequently used to facilitate audio conversations over Wi-Fi or LTE networks at a lower cost than traditional telephones and without a wired connection. Moreover, VoIP telephone system utilizes Internet Protocol to make calls. Instead of using telephone lines, all communication data is turned into packets and sent over the IP network.
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The mobile VoIP market is segmented on the basis of operating system, application, model, and region. By operating system, it is classified into android and iOS. Depending on operating system, the android segment holds the largest mobile VoIP market share, owing to rising need for smartphones with improved features such as augmented reality, flexible screens, and holographic displays. However, the iOS segment is expected to grow at the highest rate during the forecast period, owing to increased demand for luxury smartphones.
By application, it is divided into video sharing, screen sharing, file sharing, and others. By model, it is classified into premium model and enterprise model. In terms of model, the premium model segment holds the highest mobile VoIP market share in 2021, as it provides high-quality communication services to consumers who mainly uses mobile VoIP for communication. However, the enterprise model segment is expected to grow at the highest rate during the forecast period, as it helps improve business productivity through effective routing based on skill set.
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Region-wise, the mobile VoIP market size was dominated by North America in 2021. The region is expected to retain its position during the forecast period, owing to high penetration of mobile devices and faster internet connections. Asia-Pacific is also expected to witness significant growth during the forecast period, owing to large number of smartphone users in this region.
The key players that operate in the mobile VoIP industry market are Cisco Systems, Inc, Microsoft Corporation, Citrix System, Inc, Rakuten, Facebook, Inc, Zoom Video Communications, Inc, Ribbon Communications Operating Company, Inc, 8x8, Inc, 3Cx, Mitel Networks Corp, Jive Software. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
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Key findings of the study
• By operating system, the flip segment accounted for the largest deception technology market share in 2021.
• Region wise, North America generated highest revenue in 2021.
• Depending on application, the video sharing segment generated the highest revenue in 2021.
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