Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Mobile Voice Market size is expected to reach $496.5 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
The Wireline segment is showcasing a CAGR of 4.8% during (2022 - 2028). Due to the growing connectivity from the television and telecommunications sectors, as well as a growth in the number of mobile and broadband internet connections, drive the market for wireline services. Instead of offering limited services, providers of wired telecommunication network services are transitioning to multi-function network systems that provide clients with additional services, such as internet service and satellite television ability to connect, resulting in a new service trend on the market.
The Consumer/Residential segment acquired maximum revenue share in the Global Mobile Voice Market by End-user in 2021 thereby, achieving a market value of $345.6 Billion by 2028. It is forecasted to continue its supremacy over the time in question. Increased expenditure on 5G technology, a rise in the number of high-speed mobile phones, and the establishment of effective voice communication systems are anticipated to fuel the market's expansion.
The Asia Pacific market dominated the Global Mobile Voice Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $182.7 Billion by 2028. The Europe market is exhibiting a CAGR of 4.9% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 4.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/mobile-voice-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AT&T, Inc., Verizon Communications, Inc., SoftBank Group Corporation, Deutsche Telekom AG, Telefonica S.A., Vodafone Group Plc, Nippon Telegraph and Telephone Corporation, China Mobile Limited, and KT Corporation.
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