Voice over Wi-Fi (VoWiFi) is a Wi-Fi based voice service. The VoWiFi market has the potential to transform the 4G voice business, with various devices, such as smartphones, tablets, and laptops, and the telecom sector remains crucial for innovation and growth across various industries.The voice over WiFi (VoWiFi) market is expected to reach USD 8.17 billion in 2025, from USD 1.92 billion in 2019, recording a CAGR of 27.24% during the forecast period, (2020 - 2025). Most operators are expected to launch both VoWiFi and VoLTE services as a natural evolution toward an all-IP-based communication, which may improve the indoor coverage network more efficiently.
The increasing internet penetration is driving the market. According to Internet World Stats, with 3.7 billion internet users in late 2017, the penetration increased to 3.9 billion internet users in mid-2018. Around 71% of all mobile communication flows over WiFi, and 80% of smartphone users supplement their coverage with WiFi internet, which is raising the demand in the VoWiFi market very effectively.
The reduction of indoor coverage problem is driving the market. Weak cellular reception at homes, offices, and shops is a major issue for users. People with poor indoor coverage can go to great lengths to get a signal, like leaning out of a window. VoWiFi makes it possible for users to make and receive calls reliably, even when staying indoors, without having to install new equipment or upgrade their smartphones.
