According to the report the VoWLAN market was valued at USD 15.01 Billion in 2015 and is expected to reach USD 34.68 Billion by 2022, at a CAGR of 11.65% during the forecast period.
Healthcare expected to hold the largest market share during the forecast period
The healthcare sector held the largest share of the VoWLAN Market in 2015, followed by the logistics and transportation sector. The hospitals were one of the first users of VoWLAN solutions, majorly due to the need for emergency 'verbal exchange of information' and effective communication required among the medical staff for saving the lives of patients.
Services play an important role because in VoWLAN the quality of voice, performance and speed are the major challenges. The VoWLAN system is susceptible to external changes and disturbance while connected with the network, which may affect coverage and call quality, and therefore, it requires continuous monitoring, maintenance and support, hence the service market is expected to grow as compared to hardware market.
Several initiatives have been taken up by the Government of India such as 'Make in India' and 'Digital India', which is one of the major factors supporting the growth of the VoWLAN market in APAC. Initiatives such as Wi-Fi calling enabled by dual-mode smartphones drives the need for VoWLAN systems. As China has the largest smartphone market in the world, VoWLAN is expected to well in China.