Soaring Wi-Fi Hotspot Availability Driving Global VoWiFi Market Expansion
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. Get the Sample Copy o...