Global Voice over Wireless LAN Market – Industry Analysis and Forecast

November 30, 2020
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Global voice over wireless LAN market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 11.65% during the forecast period.

Global voice over wireless LAN market

Global voice over wireless LAN market

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

Market Definition

Voice over wireless LAN (VoWLAN) is a process of sending voice information in digital form over a wireless broadband network. It uses wireless network components and VoIP technology to support voice over Wi-Fi. VoWLAN is the advancement in the wired VoIP system and alternative choice over traditional voice communication systems.

Market Dynamics

Growing technological advancements in VoIP and wireless communication standards are the major driving factor behind the growth of the market. Increasing demand for low-cost and efficient Wi-Fi solution, enhanced indoor coverage offered through Wi-Fi, the rising requirement in logistics and manufacturing sectors, growing advancements in VoIP technology to integrate with 5g technology, an increasing number of Smartphone users along with its reliance on VoWLAN for voice communications and growing requirement of VoWLAN to reduce telephony costs in applications like enterprises, hospitals, warehouses, retail stores, and more are expected to improve the growth of the market during the forecast period. VoWLAN provides some benefits such as cost savings, increased mobility, increased accessibility, improved productivity, and a significant reduction in telephony costs, which are ultimately propelling the growth of the market.

However, RF interference, weak signals, and range limitations are major restraining factors that could hamper the growth of the market. Also, poor voice quality and the possibility of drop calls could restrict the growth of the market.

 

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