Voice-Over LTE MarketΒ - Global Industry Analysis and Forecast 2020 to 2027

Global Voice over LTE Market: Key Highlights

  • According to the new market research report Voice Over LTE Market by Technology (CSFB, SRVCC), by Device Type (Smartphone, Tablets), by End-User (Media, Research Organizations), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) – Global Forecast (2020 to 2027)”, the global Voice Over LTE Market is estimated to reach USD 8.1 Billion by 2027 at a CAGR of around 51.2% during the review period.
  • Voice over LTE digital packet technology which uses 4G LTE network for the voice traffic and for data transmit. It used for downloading, streaming, web browsing and to improve the call qualities.
  • The services enables for the high speed wireless communication in the smartphone, IoT devices, data terminals and wearable.

Voice over LTE Market

Global Voice over LTE Market: Key Market Dynamics

  • Enhance Quality of Service (QoS) and security helps to provide the High Definition (HD) voice quality which improve the voice quality in calls. Also it uses a wider frequency range which permit to reduce the background noise and enhance the caller voice.
  • The voice over LTE market will enhance the wireless operators to deliver a new set of standard based services for the rich communication services. It help to provides service like video calling, file transferring, video voicemail and language transferring.
  •  The support of voice over LTE Market is not being supported by every phone or every network which may hinder the growth of the market in the forecast period
  • VoLTE supports 5G LTE devices and allows 5G users to enhance the benefits of the voice over services without interruption which will lead to improve the adoption for 5G platform.

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Global Voice over LTE Market: Regional Overview

  • Asia-Pacific:

In China, three major wireless carriers such as China Mobile, China Unicom and China Telecom has started selling 5G services to the consumers. In 2019, Huawei Technologies with the record of 42% has advance the smartphone market share in China. In, 2020 Huawei has launched new 5G powered Wi-Fi product in the Asia-Pacific region. Whereas the region is on the initial phase for the adoption of Information and Communications Technology (ICT) which will lead to improve the government services and financial management sectors.

Hence, the growing adoption in technological advancement for various sector will improve the economic growth in the region.

  • Europe

According to the European Parliament, the European Commission has projected the cost for the technological adoption such as 5G coverage in the urban area by 2025 will be around USD 569 Billion. As well as the region has two major network equipment producers in Ericsson and Nokia which holds around 50% of the global telecom equipment market and also the core patents.

Hence, these innovation and investment by the government in the region may fuel the growth of the market in the forecast period.

Global Voice over LTE Market: Key Players Overview

  • Ericsson:

Ericsson is one of the leading provider of information and communication technology product and services. The company is enhancing the future for mobile broadband Internet communication with the latest technologies. Also the company provide the solution with to help all communication core network and deployment for the HD voice, HD+voice and multi-line services. In 2019, the company has selected Bharati Airtel to expand its VoLTE service in India.

  • Nokia:

The Nokia is the world's third largest network equipment manufacturer company. The company is also a global leader in 5G, phone and network services. The company Product and solution provides the tools for the delivery of high quality VoLTE and multimedia services by the network. In 2018, the company and BSNL has signed a contract for western and southern regions of India for the network modernization to support the BSNL 4G and VOICE OVER LTE Market (VoLTE) services.

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Rep Id : ICT 078

Published : 2020-07-16

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