Skip to main content

How is VoWiFi Transforming Network Connectivity?

The adoption of VoWiFi is growing rapidly all over the globe. This is driving the progress of the global VoWiFi market. As a result, the valuation of the market is predicted to rise from $2,035.3 million in 2019 to $22,801.2 million by 2030. Furthermore, according to the estimates of P&S Intelligence, a market research firm based in India, the market would exhibit a CAGR of 24.5% between 2020 and 2030.



The most widely used VoWiFi technologies are the circuit-switched fallback (CSFB), voice over IP multimedia subsystem (IMS), and voice over LTE generic access (VoLGA). Out of these, the usage of the VoLGA technology is predicted to rise rapidly across the world in the upcoming years. This would be due to the ability of this technology to provide VoLTE services by using the network operator’s 4G infrastructure. Additionally, this technology doesn’t require modifications in the architecture.

Globally, the Asia-Pacific VoWiFi market is predicted to demonstrate the fastest growth in the future. In this region, China currently has the biggest VoLTE subscriber base, due to the existence of major telecom operators such as China Mobile, China Unicom, and China Telecom. The rapid deployment of Wi-Fi networks in other countries is also fueling the advancement of the industry in the region. For example, BSNL, an Indian government-owned telecom company, started a partnership with Google LLC in May 2019.

Thus, it is quite clear that the popularity of VoWiFi would surge all over the world in the upcoming years, mainly because of the increasing deployment of Wi-Fi hotspots in several public places and the growing demand for better Wi-Fi connectivity across the world. 

This market research report provides a comprehensive overview of the VoWiFi market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

Comments

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...

Vision Sensor Market to Demonstrate a CAGR of 12.7% during 2020–2030

The vision sensor market generated revenue worth $2.5 billion in 2019 and is expected to reach $9.2 billion by 2030, while displaying a CAGR of 12.7% during the forecast period. The growth will be driven by the surging demand for vision sensors from the automobile industry, advent of Industry 4.0, and increasing adoption of smart vision sensors. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/vision-sensor-market/report-sample With the advent of Industry 4.0, the demand for industrial automation solutions is expected to increase in future. This will eventually propel the vision sensor market growth during the forecast period. The vision sensors play an imperative role in the making of intelligent and automatic products. For example, vision sensors are employed in the inspection of manufactured products in the food & beverage, electronics, and automobile industries.  Therefore, the surging demand for industrial automation will create several...

Increasing Adoption of AR/VR Solutions To Drive Extended Reality (XR) Market

Growth factors such as the increasing adoption of augmented reality (AR)/virtual reality (VR) solutions, surging penetration of smartphones and connected devices, and rising number of partnerships and collaborations among players are expected to drive the growth of the extended reality (XR) market at a CAGR of 48.3% during the forecast period (2020–2030). With this growth rate, the market size is projected to reach $1,005.9 billion by 2030 from $18.6 billion in 2019. The increasing penetration of AR/VR solutions among people and industries is a key factor that will improve the extended reality market growth scenario in the coming years. To gain knowledge and for entertainment purposes, people are increasingly adopting head-mounted displays (HMDs), which is why market players are offering these solutions to provide an engaging and interactive customer experience. AR and VR add to or completely replace the visual reality for people, thus transporting them to a completely different world...