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Voice Over WLAN (VoWLAN) market size is anticipated to reach $37.29 billion by 2026 at a CAGR of 12.4% during the forecast period 2021-2026. VoWLAN is specifically designed to enable communication between the VoWLAN enabled devices. In other words, this technology enables users to connect to other VoWLAN supported devices through voice or video call over a WLAN connection, even when there is no cellular network is available or the smartphone is on airplane mode. Apart from that, the growth of the VoWLAN market is majorly attributed to the increasing penetration of IoT across industries, demand for Unified communication, rising investment for wireless infrastructure including wireless network interface controllers, Generative adversarial network, Circuit Switched FallBack and others; high adoption rate of WLAN compatible devices such as smart-phones, laptops, desktops, and others. In addition, governments’ initiatives for digitalization and the deep impact of Covid-19 have increased the adoption of wireless technologies for communication in several sectors, thereby driving forward the VoWLAN industry. Moreover, VoWLAN reduces the overall communication cost which is a major reason behind the growth. The above-mentioned factors will drive the demand for Wireless Lan Access Points, Wireless Lan Controllers, Wireless Hotspot Gateways, Voice Handsets/IP Wireless Phones and Others; which in turn will drive the growth of VoWLAN market during 2021-2026.
By application, the VoWLAN market is segmented into Unified Communication & Collaboration, Security & Emergency Alarm and others. Unified Communication application held the major VoWLAN market share, around 32.4%, in 2020 and it is also analyzed to grow at highest CAGR of 15.9% during the forecast period 2021-2026. With the rise in demand for Unified Communication services such as voice calling, web-video conferencing, voice mail, messaging, file and desktop sharing and others, the demand for VoWLAN is estimated to rise. Apart from that, VoWLAN is very cost effective and offers unlimited domestic as well as international calls without any call charges. Furthermore, due to the global pandemic, organizations and individuals are adopting wireless technologies rapidly for attending meetings, conferences, medical consultations seminars, online classes, staying in touch other people and other official as well as unofficial events from anywhere, at anytime without physically being there, is set to boost the demand for VoWLAN during 2021-2026. In April 2020, Microsoft announced that 183,000 educational organizations including schools, colleges, Universities and others institutes, from 175 countries were using Microsoft’s Team for meetings or online classes.
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The market is segmented into Residential, Healthcare, BFSI, IT and Telecommunication, Government and public sector, Retail, warehouses and e-commerce, General Manufacturing, Transportation and Logistics, Education, Hospitality and others, based on end-user industry. According to the VoWLAN market report of IndustryARC, The market for residential sector is estimated to witness the significant market growth with a CAGR of 15.2% during the forecast period 2021-2026. Increasing penetration of IoT coupled with the growing adoption of smart-phones in residential sector, is one of the major factors fuelling this growth. Apart from that, VoWIFI is cost effective; it reduces the total communication cost, makes it more desirable for the residential sector. Moreover, due to the out-break of COVID-19, the demand for healthcare services such as tele-medicine, remote patient monitoring, m-health and others, digital educational services, retail and e-commerce services, digital banking methods and others is rising and it plays a crucial role in the growth of VoWLAN market during the forecast period. Recent VidyaSathi’s report, India Lockdown Learning stated that 79% of Indian students chose smart-phones, 17% used laptops while only 4% students opted for tablets for e-learning.
APAC region is estimated to witness the fastest market growth with a CAGR of 13.7% during the forecast period 2021-2026. Many Asian countries including China, Japan and India are investing heavily for the development of wireless infrastructure including WLAN. In addition, Governments’ initiative for digitalization affects the demand for WI-FI networking system, resulting in high growth for VoWLAN services. For instance, as per National Digital Communication Policy 2018, Indian Government will set up 10 million WI-FI hotspots across India by 2022. Furthermore, the investment from the major market players of this region along with the on-going research work for the technical innovations, development and growing number of smart-phone users in this region, are poised to create tremendous growth opportunities for VoWLAN Market. In February 2021, Vi announced the availability of VoWiFi services in two new states, Gujarat and Mumbai, to improve the overall quality of the phone calls. In July 2020, Google announced that it will invest $10 Billion over the next five to seven years, in order to accelerate India’s transition to a digital economy. These types of investments and strategic initiatives to digitalization will drive the market growth of this region during 2021-2026.
With technological advancement and increasing affordability of advanced features integrated smart phones, the demand for smart-phones is rising. A recent report from OBERLO shows that, the number of smart phone users across the world is projected to be 3.5 billion in 2020, which is 9.3% more than 2019 and the total number of smart-phone users is estimated to grow over the years. Similarly, some recent report states that, there will be approximately 820 million smart-phone users in India by 2022. Hence, the increasing adoption of smart phones with advanced features such as VoWLAN will drive the growth of this market during the forecast period 2021-2026 as it reduces the telephonic cost of the users.
Growing digitalization coupled with increasing investment for modernization of technologies is affecting every sector including residential, healthcare, education, government and public sector, general manufact6uring, retail and e-commerce, transportation and logistics, hospitality and others. For instance, in October 2020, Jio and Qualcomm announced that, together these two companies will develop 5g solutions to fast track the roll out of 5g wireless network infrastructure and services across India. Similarly, in February 2020, Microsoft announced their $1.1 billion investment plan to drive the digital transformation in Mexico over next five years. These types of investments for digitalization are affecting the development of wireless technologies including WLAN, which will accelerate the VoWLAN market growth. Apart from this, Government is also taking initiatives to promote advanced digital technologies which are fuelling the market growth. Such factors are analyzed to increase the demand for VoWLAN technology during the forecast period 2021-2026.
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Even though VoWLAN market is growing at a rapid phase, still the dependency on internet creates major issues in the growth path of this market. This technology uses internet in order to deliver the services and if the internet connection faces some connectivity issues then the services will experience time-delay, jitter or loss. In underdeveloped countries, internet connection is still a major issue, which can affect the growth of this market. Apart from that, WLAN have security issues such as Denial of Service, Spoofing, Eaves-dropping, Man-In-The-Middle and others, hampers the market growth during the forecast period 2021-2026.
Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the VoWLAN market. In 2020, the market of VoWLAN industry outlook has been fragmented by several companies. VoWLAN top 10 companies include
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VOIP Services Market – Forecast (2021 – 2026)
Report Code: ITR 0059
Wireless Infrastructure Market – Forecast (2021 – 2026)
Report Code: ITR 0089
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