The global robocall mitigation market is expected to grow at a CAGR of 12.3% by the end of 2032, with sales worth US$ 17.9 billion. Throughout the analysis period, the United States will be the most active user of robocall mitigation, accounting for over US$ 12.3 Bn in absolute dollar opportunity over the next ten years.
The global robocall mitigation market was valued at US$ 4.3 billion in 2021 and is expected to reach US$ 17.9 billion by 2032, according to a recent market survey conducted by Future Market Insights (FMI).
Revenue from call authentication solutions increased at a CAGR of 29.5% between 2015 and 2021, according to the report’s findings. Call authentication technology helps users and telecom regulatory agencies identify and reduce the frequency and impact of illegal robocalls.
End-User IT & Telecommunications to Remain a Growth Axis for Robocall Mitigation Revenue
When compared to other segments, robocall mitigation end-use in IT & Telecommunication generated the most revenue. The growth of the internet has increased the number of illegal robocalls made via telecommunications.
Telecommunication companies are using robocall mitigation solutions such as call authentication, robocall prevention, and robocall analytics to mitigate illegal robocalls and frauds associated with them, which is driving the segment growth. The IT & Telecommunications segment grew at a 29.1% CAGR between 2015 and 2021.
The United States will have the largest share of the global Robocall Mitigation Market.
In 2021, the United States generated the most revenue in the robocall mitigation market. The STIR/SHAKEN call authentication framework and its associated policies have been driving the robocall mitigation market in the United States.
The market in the United States was worth US$ 1.6 billion in 2021 and is expected to be worth US$ 6.4 billion by 2032. The country’s robocall mitigation market is expected to account for a US$4.3 Bn absolute dollar growth opportunity by the end of 2032.
“Robocall mitigation providers are collaborating closely with regulatory authorities to develop call authentication frameworks tailored to the country’s landscape,” says a Future Market Insights analyst.
Insights into the Robocall Mitigation Market
Currently, providers of robocall mitigation are developing new technologies and offering their solutions to communication service providers.
Brightlink, LiveVox Hldgs, Metaswitch, Mobileum Inc., Neustar Inc., a TransUnion company, Numerical, Ribbon Communications, Thales, Transaction Network Services (TNS), TransNexus, Bulk Solutions, LLC, and Neural Technologies Limited are among the key players in the robocall mitigation market.
More Details Are Available
Future Market Insights presents an unbiased analysis of the Robocall Mitigation Market in its new offering, presenting historical market data (2017-2021) and forecast statistics for the period 2022-2032.
The research reveals significant growth in the Robocall Mitigation Market by Product (Cloud-based, On-Premise), Application (Large Companies, Small and Medium Companies), and Region (Five Regions) (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).