USD 23.62 billion
Report ID: SQMIG45H2025 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 86 | Figures: 76
Global Mobile Voice Market size was valued at USD 23.62 billion in 2021 and is poised to grow from USD 26.5 billion in 2022 to USD 59.3 billion by 2030, growing at a CAGR of 12.2% in the forecast period (2023-2030).
Global market is being pushed largely by the rising acceptance of mobile communication services across many business verticals such as IT and telecommunications, healthcare, and manufacturing. Technical improvements in the Voice over Internet Protocol (VoIP) sector, as well as operator expenditures in global fibre infrastructure. The development of digital gadgets, improved real-time communication interfaces, and applications have all contributed to a significant increase in data usage over wireless communication networks. As a result, instead of personal computers, consumers are increasingly likely to acquire real-time data through wireless digital devices.
US Mobile Voice Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 23.62 billion
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Based on Type Outlook, the Global Mobile Voice Market is categorized into Transmission, application, end use, and region. Based on Transmission, the market is segmented into wireline and wireless. Based on end use, the global market is segmented into consumers/residential and business. Based on Application the market is segmented into Residential and commercial. Based on region the market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Artificial Intelligence In Retail Market Analysis by Type
In 2021, the wireless segment accounted for roughly 75% of the market share in terms of transmission. The increased usage of wireless communication solutions among consumers and businesses to manage enterprise communication infrastructure is driving the segment's growth. The market is expected to gain from an increase in the mobile workforce, as well as new trends such as Bring Your Own Device (BYOD) and the hybrid workplace model, over the projected period. Smart gadgets are replacing the traditional work culture of using desktop computers as the primary form of business communication. This is projected to boost market growth even more.
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In 2021, Asia Pacific had the greatest market share, and it is predicted to increase significantly soon. Increased emphasis on wireless network infrastructure, enterprise adoption of cloud-based communication services, and a big consumer base are driving regional growth. According to the poll, the region is on track to acquire more than half of all mobile users soon, owing to strong consumer demand and regional technical viability. The regional market is predicted to grow rapidly, driven by e-commerce expansion, the introduction of 5G technology, and the widespread use of smartphones. China, Japan, and India have all made important contributions to the expansion of regional markets.
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Artificial Intelligence In Retail Market Driver
Increased use of VPN networks, as well as increased corporate investment in networking solutions
Artificial Intelligence In Retail Market Restraint
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To improve their market offers, the Mobile Voice Market suppliers have employed a variety of organic and inorganic growth tactics, such as new product releases, product upgrades, collaborations and agreements, business expansions, and mergers and acquisitions.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Wireless team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Mobile Voice Market research report also captures the market roadmap with market sizes, revenue forecasts, value chain, market & product trends, price trends and regulations, competitive landscape, leading players, and their key developments, strategy, and profile. The report aims to provide an overview of market players with detailed market segmentation by product, application, and geographical region.
According to our analysis North America is predicted to hold a considerable proportion of the Mobile Voice Market, with rising corporate attention and the presence of key suppliers serving as important drivers driving the region's growth.
|Market size value in 2021
|USD 23.62 billion
|Market size value in 2030
|USD 59.3 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Mobile Voice Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Mobile Voice Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Mobile Voice Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Mobile Voice Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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