Global VoIP Market to Grow 64.6% Over Next 3 Years
Jun 15, 2012 (Close-Up Media via COMTEX) --
The Global Mobile VoIP Solutions Market is expected to grow at a CAGR of 64.6 percent over the period 2011-2015, Reportstack.com announced.
According to a release, one of the key factors contributing to this market growth is the increasing global network and wireless bandwidth capabilities. The report is based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers' understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio, the author of this report said, "The Global Mobile Voice Over Internet Protocol Solutions market is witnessing the emergence of many new players because of the presence of several factors such as low entry costs and huge business opportunities. These new companies are trying to penetrate the market by offering low-cost communication services. This has resulted in a price war among vendors in the market and the established companies are losing their market share to the new entrants. This trend is expected to grow in the next few years with the market expected to witness the emergence of new global and regional players."
The report showed that since communication services are constantly in use, there is high demand among users for low call tariffs. Since mobile VoIP services are offered over IP-based communication services and require comparatively low investment as compared to legacy networks, over the top providers (OTTPs) are able to offer Mobile VoIP solutions at a much lower cost. This is one of the main drivers in the Global Mobile VoIP Solutions market.
Further, the report also discusses how the unavailability of high-speed data connections can adversely impact the growth of the Global Mobile VoIP Solutions market.
Key vendors dominating this market space include Fringland, Nimbuzz BV., Skype Inc., and Vonage Holdings Corp. Other vendors mentioned in the report: Vyke Communications PLC., Truphone, Jajah Inc., Vopium AS. Key questions answered in this report: What will the market size be in 2015 and at what rate will it grow? What key trends is this market subject to? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the opportunities and threats faced by each of these key vendors? What are the strengths and weaknesses of each of these key vendors?
Reportstack.com is a distributor of market research reports.
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