The VoWiFi market growth will be fueled by a number of factors, such as an exponential rise in the Wi-Fi hotspot availability and substantial enhancements in the overall quality of service (QoS). During the forecast period (2020–2030), the market is projected to witness a 24.5% CAGR. The market generated $2,035.3 million in 2019, and it is expected to reach $22,801.2 million by 2030.

At present, the market is witnessing the trend of offloading the mobile data traffic to the Wi-Fi network. A tremendous rise in the global Wi-Fi hotspot coverage is stimulating the VoWiFi market advance. In recent years, several governments have spent a significant amount on the installation of Wi-Fi hotspots in public areas. The number of community hotspots and wireless local area network (WLAN) hotspots is expected to reach 550 million by 2022, 261 million of which will be in Asia-Pacific (APAC) alone.

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Thus, the higher capacity and speed of Wi-Fi, free access to Wi-Fi, and large-scale deployment of community hotspots will support the market growth in the coming years. Moreover, the continuous improvements in the overall QoS since the advent of VoWiFi services will drive the VoWiFi market during the forecast period. This technology allows customers to remain connected over the call even without a mobile signal.

It enables users to reliably receive and make calls without upgrading the smartphone or installing any additional app. Moreover, the VoWiFi technology utilizes the existing security mechanism of the subscriber identification module (SIM) to protect and authenticate communications. It also provides a smooth transfer of the network from the Wi-Fi to the cellular network, while the call is going on

This market research report provides a comprehensive overview of the 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