Research and Markets: The North American Mobile VoIP Market to Grow at a CAGR of 57 Percent over the Period of 2010-2014

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/e777d7/north_american_mob) has announced the addition of the "North American Mobile VoIP Market 2010-2014" report to their offering.

Need to Reduce Communication Costs Driving Mobile Voice over Internet Protocol Market in North America

Research conducted by TechNavio reveals that the Mobile Voice over Internet Protocol (VoIP) market is expected to grow at a CAGR of 57 percent. Technavio's report, which focusses exclusively on North America, indicates that the market is currently being driven by the growing need to cut down on communication costs.

Unlike other communication mediums, mobile VoIP does not require extensive investment or equipment. Communication takes place via the internet, eliminating signal transfers through cells, base stations, and substations, thereby eliminating huge bills for mobile phones and reducing companies' overall communication costs, reports a TechNavio analyst.

In spite of the demand for mobile VoIP in North America, increasing concerns about data security are hindering the growth of this market. However, improved network and wireless bandwidth capabilities are expected to drive market growth. Moreover, the Mobile VoIP market is witnessing the incorporation of video capabilities in mobile devices.

These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

The report is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains an in-depth discussion and SWOT analysis of each of the key vendors in this market.

TechNavio's analysts forecast the North American Mobile VoIP market to grow at a CAGR of 57 percent over the period of 2010-2014. One of the key factors contributing to this market growth is the need to reduce the cost of communication. The North American Mobile VoIP market has also been witnessing increasing competition among vendors to offer cheaper services. However, increasing end-user concerns about data security could pose a challenge to the growth of this market.

Key vendors dominating this market space include Skype, Vonage, Fring, and Truphone Ltd.

The report covers only the solutions market, which includes both software as well as services. The report includes strategic insights on the major vendors providing mobile VoIP solutions to end-users in North America.

For more information visit http://www.researchandmarkets.com/research/e777d7/north_american_mob