SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Mobile VoIP - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 1914
Companies: 11 - Players covered include Cisco Systems, Inc.; Facebook, Inc.; Fring; Google Hangouts; Grasshopper VoIP; magicJack LP; RingCentral, Inc.; StarSSip LLC; TALK360 Group B.V.; Tata Communications Ltd.; Tencent Holdings Ltd.; TheDigest.com; Truphone Limited; Vonage Holdings Corporation; Vopium A/S; Vyke Holding Ltd.; WeChat; Zadarma and Others.
Coverage: All major geographies and key segments
Segments: Segment (Android OS, iOS, Windows OS, Other Segments)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Mobile VoIP Market to Reach $154 Billion by 2026
Amid the COVID-19 crisis, the global market for Mobile VoIP estimated at US$46.9 Billion in the year 2020, is projected to reach a revised size of US$154 Billion by 2026, growing at a CAGR of 21.5% over the analysis period. Android OS, one of the segments analyzed in the report, is projected to record a 21% CAGR and reach US$109.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the iOS segment is readjusted to a revised 23.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $17.7 Billion in 2021, While China is Forecast to Reach $27.1 Billion by 2026
The Mobile VoIP market in the U.S. is estimated at US$17.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.1 Billion by the year 2026 trailing a CAGR of 21.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.1% and 18.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.
Windows OS Segment to Reach US$8.4 Billion by the year 2026
In the global Windows OS segment, USA, Canada, Japan, China and Europe will drive the 17.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$7.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.