Mobility - Voice and Data Procurement Intelligence anticipated to grow at a CAGR of 6.5% from 2024 to 2030
Mobility - Voice and Data Procurement Intelligence The mobility - voice and data category is projected to witness growth at a CAGR of 6.5% from 2024 to 2030. In 2023, Asia Pacific accounted for the largest share (32%) of the global category. Key drivers of this region include a consistent increase in the business/enterprise subscriber base for voice and data, deployment of VoNR (5G) network by key players, and a shift towards virtualization and software-defined networking (SDN). Asia Pacific is also anticipated to witness the fastest growth rate during the forecast period, due to the increasing need for business agility, focus on cost efficiency by businesses, and adoption of digital technologies such as Internet of Things (IoT), cloud computing, and Artificial Intelligence (AI). In 2023, North America held the second-largest share of the global market. The key growth drivers include large coverage of 5G networks by key service providers, increasing adoption of edge comput...