The global voice over Wi-Fi (VoWiFi) market generated a revenue of $2,035.3 million in 2019, and it will reach a value of $22,801.2 million by 2030. Furthermore, the market will progress at a CAGR of 24.5% between 2020 and 2030, as per the forecast of the market research firm, P&S Intelligence.

The sharp surge in the worldwide Wi-Fi hotspot availability and the rapid improvements being made in the overall quality of service (QoS) for users are fueling the market expansion. With various governments making huge investments for installing Wi-Fi hotspots in public places, the worldwide Wi-Fi hotspot coverage is growing rapidly.

According to reports, there were only 124 million community and public wireless local area network (WLAN) hotspots in the world in 2017, and this number if predicted to rise to 550 million by 2022. Additionally, free access to community Wi-Fi hotspots and Wi-Fi and the higher speed and capacity of Wi-Fi are the other market growth drivers.

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Besides these, the rapidly improving QoS that is being offered to the subscribers is also driving the progress of the VoWiFi market. Since the emergence of voice over Wi-Fi services, the QoS for users has undergone rapid improvements. This technology allows subscribers to remain connected with each other over call, even when there is no mobile signal.

With the help of VoWiFi, users can reliably receive and make calls without upgrading their smartphones or installing any additional applications. 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