Voice over Wi-Fi (VoWiFi) Market To Generate Revenue Worth $22,801.2 Million by 2030

Notable growth in the global Wi-Fi hotspot coverage and substantial improvement in the overall quality of services (QoS) are the major factors that are driving the growth of the industry for voice over Wi-Fi (VoWiFi). Owing to such factors, the global VoWiFi market is projected to reach $22,801.2 million by 2030, growing with a CAGR of 24.5% during the forecast period (2020–2030).

As the global economy continues to reel from the shock and lasting impact of the novel coronavirus (COVID-19) outbreak, work-from-home and social distancing have become the new buzzwords in the business landscape, with the telecom sector being the invisible hand driving this shift. Remote working, video conferencing, and telecommunications technology have quickly emerged as key enablers for business operations during this lockdown period. The revenue in the market has shown an upsurge during the COVID-19 pandemic, due to the increasing usage of Wi-Fi at homes, for better call quality.

VoLGA Category To Attain Fastest Growth during Forecast Period

Based on technology, the VoWiFi market has been categorized into circuit-switched fallback (CSFB), voice over LTE generic access (VoLGA), and voice over IP multimedia subsystem (IMS). Among these, the VoLGA category is projected to attain the fastest growth during the forecast period, owing to its capability to offer VoLTE services by simply leveraging the 4G infrastructure of the network operator. The other important factor that is responsible for the growth of the VoLGA category is that it does not require any modifications in the architecture, but uses a new separate gateway controller.

On the basis of end user, the VoWiFi market has been bifurcated into residential and commercial. Between the two, the residential bifurcation dominated the industry during the historical period (2014–2019). The notable improvement and rise of VoWiFi services in the residential category are ascribed to the benefits offered by this technology, which include uninterrupted call service, even in places with no cellular network. The commercial category is expected to witness the faster growth during the forecast period, owing to the consistently increasing Wi-Fi network coverage at public places, offices, industrial parks, and other locations.

Geographically, Asia-Pacific (APAC) is projected to attain the fastest growth in the VoWiFi market during the forecast period. Among all countries, China has the largest VoLTE subscriber base, with the presence of key telecom operators, such as China Telecom, China Mobile, and China Unicom. Furthermore, other countries are also participating in the race, by deploying Wi-Fi networks in their major cities. For instance, in May 2019, government-owned Indian telecom company, BSNL, entered into a partnership with Google LLC, to expand its Wi-Fi network in the nation.

Mergers and Acquisitions Are Notable Strategic Measures Taken by Market Players

The participants in the global VoWiFi market are taking strategic measures, such as mergers and acquisitions, to enhance their market presence. For instance, in May 2020, Microsoft Corporation announced a definitive agreement to acquire Metaswitch Networks Ltd., to empower operators and partner with network equipment providers, to deliver on the promise of 5G. Microsoft Corporation intends to leverage the technology of Metaswitch Networks, to extend the Azure platform, to both deploy and enhance these capabilities at scale, in a way that is secure and efficient and creates a sustainable ecosystem.

Similarly, in December 2019, América Móvil S.A.B. de C.V. completed the 100% acquisition of Nextel Telecomunicações Ltd., from NII Holdings Inc. (70%) and AI Brazil Holdings B.V. (30%). This transaction marked the culmination of an extensive multi-year process to pursue a strategic path for Nextel Brazil and provided an opportunity to monetize the company's remaining operating assets, in light of the competitive landscape in Brazil.

Browse report overview with detailed TOC on "VoWiFi (Voice Over Wi-Fi) Market Research Report: By Voice Client (Integrated Voice Client, Separate Voice Client, Browser Voice Client), Technology (CSFB, VoLGA, IMS), Architecture (EPC-Based, Direct Access-Based), Device Type (Smartphones, Laptops and Tablets), End User (Residential, Commercial) - Global Industry Analysis and Growth Forecast to 2030" at:https://www.psmarketresearch.com/market-analysis/voice-over-wifi-vowifi-market

Some of the major players operating in the VoWiFi market include AT&T Inc., Telefonaktiebolaget LM Ericsson, Oracle Corporation, Cisco Systems Inc., Nokia Corporation, KT Corporation, Alcatel-Lucent S.A., Mitel Networks Corporation, Huawei Technologies Co. Ltd., Ribbon Communications US LLC, Vodafone Group Plc, América Móvil S.A.B. de C.V. (AMX), T-Mobile USA Inc., Orange SA, Reliance Jio Infocomm Limited, Verizon Wireless, and Rogers Communications Inc.