Voice Over WIFI Market Size, Share, Growth, and Industry Analysis, By Type (Integrated VoWiFi Client, Separate VoWiFi Client, Browser VoWiFi Client and Voice Over WIFI), By Application (Smartphone, Tablets and Laptops), Regional Insights, and Forecast To 2031

Updated On: 15 April 2024

Voice Over WIFI Market REPORT OVERVIEW

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The global voice over WIFI market size was USD 3617.5 million 2022 and market is projected to touch USD 20385 million by 2031, exhibiting a CAGR of 21.2% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The telecommunications market sector that focuses on offering voice calling services via a Wi-Fi network is known as the Voice over WiFi (VoWiFi) market. VoWiFi enables customers to place voice calls while connected to Wi-Fi rather than relying just on cellular networks. By utilizing Wi-Fi hotspots, this technology enables customers to make calls even in locations with subpar cellular service. Using an IP (Internet Protocol) network, usually a Wi-Fi network, VoWiFi transmits speech signals as data packets. After being received by the recipient's device, the packets are transformed back into audio signals to enable voice conversation.

Due to its capacity to improve voice coverage, particularly in enclosed spaces where cellular connections may be unreliable or nonexistent, VoWiFi has grown in popularity. Users benefit from greater flexibility and convenience because they may place and receive calls using their current Wi-Fi network without paying additional fees to their mobile network operators. In addition, compared to conventional cellular networks, VoWiFi can provide better call quality and lower call drop rates. A variety of participants, including telecoms service providers, device manufacturers, and software developers, are present in the VoWiFi industry. VoWiFi, which enables users to effortlessly transition between Wi-Fi and cellular networks for voice calls, is frequently made available to subscribers by mobile network operators as an extra feature.

COVID-19 Impact: Increased Demand for Voice Communication to Boost Market Growth

There has been a considerable rise in the demand for voice communication due to the growing use of distant work and social isolation strategies. Voice over WiFi, which offers an alternative to crowded cellular networks and ensures dependable voice connectivity, has been essential in enabling voice calls via Wi-Fi networks. Home-based activities including remote work, online learning, and video conferencing have increased as a result of the epidemic. Due to the rise in Wi-Fi usage, there is now a favorable climate for the adoption of VoWiFi. The demand for VoWiFi services increased as individuals spent more time at home and depended more on their Wi-Fi networks for voice calls. Network traffic patterns changed as a result of the COVID-19 epidemic, with more individuals switching to Wi-Fi for voice calls rather than only using cellular networks. This change enhanced users' overall call quality and reduced network congestion on cellular networks. VoWiFi technology was essential in making this shift possible.

LATEST TRENDS

"Increasing Integration with 5G Networks to Enhance Market Growth"

Integration of VoWiFi with 5G services is an increasing trend as 5G networks continue to spread around the globe. With improved coverage and call quality, this integration enables customers to switch between VoWiFi and 5G for audio calls. VoWiFi is becoming more popular in business settings since it provides affordable audio communication alternatives. Organisations can offer their employees dependable voice services both inside the workplace and for remote workers by utilising existing Wi-Fi infrastructure. By integrating VoWiFi with unified communications (UC) platforms, customers will be able to use voice calling capabilities across various devices and communication channels.

Voice Over WIFI Market SEGMENTATION

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• By Type

Based on type market is classified as integrated VOWIFI client, separate VOWIFI client, browser VOWIFI client and voice over WIFI.

• By Application

Based on application market is classified as smartphone, tablets and laptops.

DRIVING FACTORS

"Improved Coverage and Call Quality to Augment Market Growth"

With VoWiFi, customers may place voice calls over Wi-Fi networks, extending access to places with spotty or non-existent cellular network service. It offers a dependable voice communication solution, particularly in enclosed spaces or outlying areas where cellphone coverage could be patchy. The whole user experience can be improved by VoWiFi's ability to deliver high-quality voice calls with minimal latency and fewer call drops. Both customers and service providers might experience significant cost savings as a result of VoWiFi. Users can make phone calls using their current Wi-Fi networks without paying for cellular voice calls, especially for long-distance or international calls. VoWiFi transfers voice traffic from cellular networks to Wi-Fi networks for service providers, lightening the burden on pricey cellular infrastructure.

"Proliferation of Smart Devices to Propel Market Growth"

There is a high demand for dependable voice communication choices as smart gadgets like smartphones, tablets, and wearable technology become more widely used. VoWiFi enables these devices to make voice calls via Wi-Fi networks, enhancing their functionality and providing a variety of communication options. The wide distributed use of Wi-Fi networks in both public and private settings has aided in the expansion of the VoWiFi business. Anywhere there is Wi-Fi, users may effortlessly connect to Wi-Fi networks, offering seamless voice calling experiences. These venues include homes, offices, hotels, airports, cafes, and shopping malls. VoWiFi is becoming more and more common in business settings. It provides affordable voice communication solutions for companies, enabling users to make calls over the Wi-Fi network infrastructure of the organisation.

RESTRAINING FACTORS

"Dependence on External Networks to Impede Market Expansion"

Despite Wi-Fi networks becoming widely accessible in many locales, certain distant areas or remote regions still have little to no Wi-Fi coverage. VoWiFi is less effective and practical in these locations since users do not have access to a stable Wi-Fi network for voice calling. Wi-Fi network quality can vary greatly, especially in public areas. The call quality and dependability of VoWiFi services can be impacted by elements such network congestion, signal interference, and insufficient bandwidth. Calls being dropped, audio being distorted, and other problems that have an influence on the user experience might result from a poor Wi-Fi network performance. VoWiFi's voice communication is provided via third-party networks, primarily Wi-Fi networks. This reliance on external networks could be a constraint if the calibre or availability of those networks is compromised.

Voice Over WIFI Market REGIONAL INSIGHTS

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"North America to Dominate the Market Due to Strong Infrastructure"

The telecommunications industry has seen significant technological breakthroughs, with North America leading the voice over WIFI market share. The region has a strong infrastructure, which has aided in the adoption of VoWiFi services by making high-speed internet and Wi-Fi networks widely accessible. With a high smartphone adoption rate, North America has a sizable and well-developed mobile market. The introduction of VoWiFi as an alternative to conventional cellular voice calls has been sparked by the desire for seamless voice communication and the requirement for expanded coverage in indoor spaces. The economic climate in North America is booming, and enterprise environments have seen significant adoption of VoWiFi. VoWiFi has been used by several businesses to offer their staff affordable and dependable voice communication options for both on-site and distant workers.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Oracle (U.S.)
• Cisco (U.S.)
• Ericsson AB (Sweden)
• Aptilo Networks (Sweden)
• Korea Telecom (South Korea)
• Mitel Networks Corporation (Canada)
• Nokia (Finland)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.