The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Mobile VOIP Market Size. The growth sectors of the Mobile VOIP Market Size are identified with precision for a better growth perspective.
The global mobile VOIP market is estimated to reach USD 58.21 billion by 2025, growing at a CAGR 12.21% during the forecast period (2019–2025).
The global mobile VOIP market is expected to grow significantly during the forecast period, 2019–2025. The key factor driving the growth of the market is increasing reach of the Internet in different regions specifically in developing regions as well as increasing ownership of smartphones across the globe. Mobile VOIP services include voice, video and instant messaging services over mobile internet. Mobile VOIP offers several benefits to both individuals as well as businesses. It is a low-cost way of communication which saves a huge sum on communication. It helps in simplified conferencing without uninterrupted access across the globe. Most VOIP service providers offer additional services including file sharing, message deletion capability, and security to sensitive messages among others. All these benefits have led to continuous adoption of mobile VOIP services among businesses.
The mobile VOIP market comprises several large as well as mid-sized vendors who have been offering affordable and comprehensive services to the end-users. Due to the entry of a number of players in the market, the overall competition in the market has increased. Vendors operating in the market mainly compete on the basis of types of services offered, and overall price of the services.
Competitive Analysis
The prominent players operating in the mobile VOIP market are 3CX, Vonage, Microsoft Corporation, Facebook Inc., Rebtel, CommPeak Limited, 8x8, Inc., Nextiva, Phone Power, Tata Communications, VoIP Office, RingCentral, Inc., and Junction Networks
Segmental Analysis
The global mobile VOIP market has been segmented on the basis of type, service type, organization size, vertical, and region.
Based on service type, the mobile VOIP market has been segmented into voice, video, and instant messaging. Voice service accounted for the largest share in the year 2018. However, video service is expected to have largest share in the forecast period.
Based on OS type, the market has been segmented into Android, iOS, Windows, and others. Android OS type accounted for the largest share in the market and it is expected to dominate the market during the forecast period.
Based on organization size, the mobile VOIP market has been divided into small- & medium-sized enterprises and large enterprises. Large enterprises held the largest share in the year 2018. However, small- and medium-sized enterprises are expected to grow at the highest CAGR during the forecast period.
Based on user type, the mobile VOIP market has been divided into enterprises and individuals. The enterprises segment is expected to have the larger CAGR during the forecast period.
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Mobile VOIP Market SizeThe global mobile VOIP market is expected to reach USD 58.21 billion by 2025, registering a CAGR of 12.2% during the forecast period 2019–2025.
In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the coming years.Growing need to have a cost-effective and smooth communication is the key driver for mobile VOIP market.
Due to growing competition in the market, these players have to create and launch updated versions of their apps with more features so that they can gain and retain more customers.Instead of using electromagnetic wave motions to transmit speech sounds (PSTN), VoIP technology uses packet-switched protocols to carry speech.
And the parcels are able to make their way to the destination.
It has two main advantages; it can transmit much more information over the same network, and if one of the line malfunctions, the packets can be carried along an alternate path.So the speech signals are transformed into digital signals through VoIP telephony.
This digital data is then distributed via the Internet Protocol (TCP / IP) through the worldwide Internet.
Mobile VOIP Market SnapshotMarket Research Future (MRFR), in its latest report on the Global Mobile VOIP Market 2020, reveals different cause that can support or restrain the market rise.
MRFR also studied the impact of COVID 19 pandemic on the mobile VOIP market and details it in the report.
As per MRFR analysis, the mobile VOIP market can rise at 12.2% CAGR across the review period.
By 2025, the mobile VOIP market value can touch at USD 58.21 Bn by 2025.
The increase in the application of Mobile VOIP due to its efficient and affordable communicate solutions availed through mobile devices, such as tablets and including smartphones can prompt the expansion of the mobile VOIP market in the review period.Mobile VOIP can work effectively with mobile devices that support 4G, 3G, GSM and other internet services to support communicate seamlessly.
The increase in the awareness about benefits of mobile VOIP and their ability to provide lower cost video conferencing, calling, and texting solutions can impel the growth of the mobile VOIP market through the analysis period.
Mobile VOIP Market ReportThe global mobile VOIP market is estimated to reach USD 58.21 billion by 2025, growing at a CAGR 12.21% during the forecast period (2019–2025).The global mobile VOIP market is expected to grow significantly during the forecast period, 2019–2025.
Mobile VOIP offers several benefits to both individuals as well as businesses.
Most VOIP service providers offer additional services including file sharing, message deletion capability, and security to sensitive messages among others.
Vendors operating in the market mainly compete on the basis of types of services offered, and overall price of the services.Competitive AnalysisThe prominent players operating in the mobile VOIP market are 3CX, Vonage, Microsoft Corporation, Facebook Inc., Rebtel, CommPeak Limited, 8x8, Inc., Nextiva, Phone Power, Tata Communications, VoIP Office, RingCentral, Inc., and Junction NetworksSegmental AnalysisThe global mobile VOIP market has been segmented on the basis of type, service type, organization size, vertical, and region.Based on service type, the mobile VOIP market has been segmented into voice, video, and instant messaging.
However, video service is expected to have largest share in the forecast period.Based on OS type, the market has been segmented into Android, iOS, Windows, and others.
Large enterprises held the largest share in the year 2018.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
