Report: Fast growth for American Mobile VoIP Market through 2014

North American Mobile VoIP will have grown by nearly 60 percent between 2010 and 2014, according to a report by MarketResearch.com, a provider of global market intelligence products and services.

The report cited business needs to reduce communication costs as one of the drivers of the forecast growth.

“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,” an analyst is quoted in the report.