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By apacciooutlook | Monday, November 28, 2016
FREMONT, CA: Research and Markets unveils a latest report "Voice over Wireless LAN (VoWLAN) Market - Global Forecast to 2022” on the growth of VoWLAN Market and finds it to grow at a CAGR of 11.65 percent in the forecast period 2016-2020. The report foresees the market revenue to reach close to $34.68 billion in the same forecast period.
The increase in deployment ofwireless network in various sectors such as municipality department, ordinance enforcement team, and service call centers will embark the growth of VoWLAN market. The market growth can be further attributed to the increasing demand for cost effective Wi-Fi solution which gives high indoor coverage. The higher network and voice integration capability of 5G technology can further bolster the market growth, reports Research and Markets.
The report finds China to hold the largest share in VoWLAN market in the forecast period. The expansion of smartphones with Wi-Fi calling feature will further enrich VoWLAN market in China and APAC region. The report further reveals U.S. to be the major contributor to the market in the current fiscal year.