The Global Voice Over LTE Market is projected to reach a value of over USD 8.1 billion by 2027 at a CAGR of around 51.2%.
It is a digital packet technology which uses 4G LTE network for the voice traffic and for data transmit. It used for downloading, streaming, web browsing and improving call qualities. These services are used for high speed wireless communication in the smartphone, IoT devices, data terminals and wearables. This platform is based on IP multimedia subsystem which permit for the delivery of multimedia as data with the common IP interface.
Market Driver:
It provides 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 set-up time of the services is very less as compare to another which will able to process quickly. It enables Wi-Fi calling to improve the indoor voice coverage and use next generation voice codec technology to enhance it features.
Hence, Quality of Service (QoS) and security will lead to improve the market performance in the forecast period.
The voice over LTE 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 applications are delivered over cellular data services using third party applications. Some of the services which provides by IPhone user are the FaceTime for the video calling, Skype for the video calls and for messenger services and also Goggle offers Google translate services. Moreover, it will increasing the efficiency, reducing operational and maintenance costs.
Hence, the delivery of rich communication service (RCS) is projected to enhance the voice over LTE market.
Market Challenges:
The support of voice over LTE is not being supported by every phone or every network which may hinder the growth of the market in the forecast period. The phone which been bought before the Jio revolution, won’t have the facilities for the VoLTE in the smartphones. Some of the example which does not support VoLTE features Xiaomi Mi4 in India. Whereas, IPhone 6, Samsung Galaxy S5 and LG G Flex support the VoLTE.
However, their services may not be available in every areas which may limit the growth of the market.
The report on the voice over LTE Market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Technology, Device Type, End-Use, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Voice over LTE Market, by Technology
Voice over LTE Market, by Device Type
Voice over LTE Market, by End-Use
Voice over LTE Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE VOICE OVER LTE MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY