Global Robocall Mitigation Market was valued at US$ 4.3 Bn in 2021 and is expected to reach US$ 17.9 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey.
As per the findings of the report, revenue through call authentication solutions grew at a CAGR of 29.5% during 2015-2021. Call authentication technology helps users and telecom regulatory authorities identify the source of illegal robocalls and reduce their frequency and impact.
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IT & Telecommunication End Use to continue being Growth Axis for Robocall Mitigation Revenue
Robocall mitigation end use in IT & Telecommunication generated more revenue compared to other segments. The development of the internet has increased the number of illegal robocalls performed through telecommunications.
In order to mitigate the illegal robocall and frauds associated with it, telecommunication companies are using robocall mitigation solutions like call authentication, robocall prevention, and robocall analytics, which is driving the segment growth. The IT & Telecommunication segment recorded a CAGR of 29.1% during 2015-2021.
US to hold the largest share in the global Robocall Mitigation Market
The US generated the highest revenue in the robocall mitigation market in 2021. The implementation of the STIR/SHAKEN call authentication framework and its associated policies to it, has been driving the robocall mitigation market in US.
The market in US held a size of US$ 1.6 Bn in 2021 and is expected to reach a valuation of US$ 6.4 Bn by 2032. The robocall mitigation market in the country is projected to account for US$ 4.3 Bn absolute dollar growth opportunity by the end of 2032.
“Robocall mitigation providers are closely working with regulatory authorities to develop call authentication frameworks according to the country’s landscape” comments an analyst at Future Market Insights.
Robocall mitigation Market: Competition Insights
Currently, robocall mitigation providers are developing new technologies and offering their solutions to communication service providers.
The key companies operating in the robocall mitigation market include Brightlink, LiveVox Hldgs, Metaswitch, Mobileum Inc., Neustar Inc., a TransUnion company, Numeracle, Ribbon Communications, Thales, Transaction Network Services (TNS), TransNexus, Bulk Solutions, LLC, and Neural Technologies Limited.
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The key recent developments of robocall mitigation providers are as follows:
- In January 2022, Neustar Inc., a TransUnion company, and First Orion announced the partnership to scale up the adoption rate of STIR/SHAKEN call authentication and branded calling for companies through one consolidated platform.
- In June 2021, an Asian communications service provider introduced Neural Technologies Ltd.’s advanced robocall mitigation solutions to improve call clarity for customers and reduce scam calls to providers.
- In June 2021, Neustar Inc, a TransUnion company launched its Neustar TRUSTED Solutions, a set of solutions designed to help organizations to detect and reduce fraud, improve contact center efficiency and obey consumer protection regulations.
- In May 2021, Neustar Inc., has implemented its Trusted Call Solutions across Ziply Fiber network to mitigate illegal robocalls, authenticate callers, and display caller IDs accurately for a safer and informed call experience.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Robocall Mitigation Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Robocall Mitigation Market in terms of Product (Cloud-based, On-Premise), By Application (Large Companies, Small and Medium Companies), across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
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Key Segments Covered in Robocall Mitigation Industry Survey
Robocall Mitigation Market by Solution:
- Call Authentication
- Robocall Prevention
- Robocall Analytics
Robocall Mitigation Market by End Use:
- IT & Telecommunication
- Government
- Other Industries
Robocall Mitigation Market by Region:
- North America Robocall Mitigation Market
- Latin America Robocall Mitigation Market
- Europe Robocall Mitigation Market
- Asia Pacific Robocall Mitigation Market
- Middle East & Africa Robocall Mitigation Market
Related Links –
https://woke.party/blogs/54603/EdTech-Smart-Classroom-Market-Research-Report-by-Type-by-Production
https://www.merexpression.com/read-blog/46161
https://band.us/band/88002872/post/3
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