The mobile VoIP (Voice over IP) market is expected to grow at a compound annual growth rate (CAGR) of 17.6 percent over the next five years to reach $36 billion in revenues by 2016, according to a new report by Visiongain (News - Alert).
Visiongain's latest management report "Mobile VoIP: Opportunities and Challenges Report 2011" offers in-depth analysis of all the latest developments in the nascent VOIP market.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the telecoms, energy, pharmaceutical, defense and materials sectors.Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field.
The new report by Visiongain provides forecasts of growth, market sizing and analysis for the key regional markets from 2011-2016. The report gives an insight into the strategies of various players that are shaping up the mobile VoIP ecosystem.
The research report noted that by the end of 2011, there will be around 70 million mobile VoIP users. As increasing number of customers gain access to mobile VoIP services, the market will grow further.
According to the report, increasing numbers of mobile operators are collaborating with VoIP service providers to offer mobile VoIP service to their customers.
The report said that in February 2011, AT&T (News - Alert) partnered with Skype to offer mobile VoIP services over its 3G network.
Following the acquisition of Skype by Microsoft and entry of Google (News - Alert) into the mobile VoIP arena, the market has witnessed major breakthroughs in terms of market consolidation and technology development.
The report found that the mobile VoIP market has witnessed growing consumer demand for low cost communication services and a shift in consumer spending from fixed to wireless services.
Mobile VoIP market is set to grow and which players will benefit from it will depend on how proactive they are in formulating emergent strategies to seize the mobile VoIP opportunities.
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Anil Sharma is a contributing editor for TMCnet. To read more of his articles, please visit his columnist page.
Edited by Rich Steeves