The North American Mobile VoIP market is forecasted to
grow at a CAGR of 57 percent over the period of 2010-2014. One of the key
factors contributing to this market growth is the need to reduce the cost of
communication, according to MarketResearch.com,
The North American Mobile VoIP market has also been
witnessing increasing competition among vendors to offer cheaper services.
According to market research
mobile VoIP is unlike other communication mediums, it does not require
extensive investment or equipment. Communication takes place via the internet,
eliminating signal transfers through cells, base stations, and substations,
thereby eliminating huge bills for mobile phones and reducing companies’
overall communication costs.
In spite of the demand for mobile VoIP in North America,
increasing concerns about data security are hindering the growth of this
market.
However, improved network and wireless bandwidth
capabilities are expected to drive market growth. Moreover, the Mobile VoIP
market is witnessing the incorporation of video capabilities in mobile devices.
By Telecomlead.com Team
