Global VoLTE Technology Market - Overview
The decline in the revenue of voice calls and SMS has necessitated the adoption of a standardized and viable scheme for provision of the same. As the mobile network operators continue with the full-fledged implementation of 4G LTE (Long Term Evolution) network, the development of VoLTE (Voice over LTE) is providing a platform of choice for voice call delivery by network operators. The scheme of VoLTE was devised due to the need for a standardized system for traffic transfer over LTE. The 4G LTE network is the mainstream foundation for the emergence of VoLTE. 4G LTE is around 20 times faster than any 3G broadband technology.
The technologies of world VoLTE market include Voice Over IP Multimedia Subsystem (VoIMS), Circuit Switched Fall Back (CFSB), Dual Radio/Simultaneous Voice and LTE (SVLTE), Voice Over LTE Via Generic Access Network (VOLGA), and Single Radio Voice Call Continuity (SRVCC). VoIMs is the transmission of voice data over an architectural framework that delivers IP multimedia services. Likewise, CSFB is a technology used for delivering SMS and voice services to LTE devices through GSM or other circuit-switched networks. SVLTE is a technical standard and protocol to enable the usage of both data and voice networks simultaneously on the device using LTE data network and CDMA voice network. VOLGA is a technological approach to deliver SMS and voice services across LTE networks. Whereas, SRVCC is a standard required in VoLTE systems to allow packet domain calls over LTE to seamlessly transmit through legacy circuit switched voice such as in GSM, CDMA 1x, and UMTS.
VoLTE, or Voice over Long Term Evolution, is a digital voice service that uses IMS technology and is delivered over IP via an LTE access network. Many businesses use VoLTE because of the financial and operational benefits it provides. VoLTE successfully addresses the increased demand for better and more dependable services by utilizing spectrum more efficiently than traditional voice.
VoLTE eliminates the requirement for voice on one network and data on another, allowing for greater portability. As a result of these factors, VoLTE Technology has gained a lot of traction on the worldwide stage, propelling its market to record highs.
Market Research Future (MRFR) claims that VoLTE Technology has the ability to improve and expand further in its recently published study report; foretelling the market insights up to 2022. As a result, the global VoLTE (Voice over LTE) market is expected to grow at an exponential rate by 2022, with a fantastic CAGR between 2017 and 2022.
The development of the 4G LTE network has had a significant impact on market growth. To some extent, market growth has been aided by rising demand for effective voice call services in the telecommunications sector. Enterprise adoption of video conferencing and rapid file transmission services is fueling the growth of the VoLTE industry.
On the other hand, high call costs and a lack of technical experience are two issues impeding the growth of the VoLTE Technology Market. Nonetheless, the proliferation of smartphones on the market and the increasing radio spectrum traffic over the network are prompting operators to invest more in broadband networks, creating demand for voice over LTE as a better network technology if it is available.
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Global VoLTE Market – Competitive Analysis
The global VoLTE market is highly competitive and fragmented, according to well-established firms with a strong presence in the international and regional markets. At the moment, significant market participants are adamant about investing extensively in order to reshape the consumer and corporate landscape in the future. All businesses are vying for a significant portion of the market. Collaboration, acquisition, partnership, product and technology introduction, and growth are all strategies used by mature companies to achieve a competitive edge and stay ahead of the competition in this market.
Global VoLTE Technology Market - Segments
For the convenience of the report and enhanced understanding; MRFR Analysis is been segmented in to 3 key dynamics;
By Device : Tablets/Laptops, Smartphones, Routers, and Wireless modem among others.
By Technology : VoIMS (Voice over IP Multimedia Subsystems), CSFB (Circuit Switch Fall Back), SRVCC (Single Radio Voice Call Continuity), and SVLTE (Simultaneous Voice & LTE) among others.
By Regions : North America, Europe, APAC and Rest of the World.
Key benefits
- This study comprises analytical depiction of the world VoLTE market with the trends of current and future scenario to depict the investment pockets in the market
- Determination of the overall market attractiveness and understanding of the profitable trends for gaining a stronger coverage in the market.
- The report throws light on information regarding key drivers, restraints, and opportunities with impact analysis
- The current market is quantitatively analyzed and projected for the years 2017–2027, which have been provided to highlight the financial appetency of the market
- Porter’s Five Forces model analysis of the industry illustrates the potency of the buyers and suppliers participating in the market
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain
VoLTE Technology Market: Regional Analysis
North America holds the largest part of the global VoLTE market, owing to the region's highest per capita income, which is improving consumers' lifestyles and increasing their affordability. Furthermore, the market in this region is being driven by the increase in application areas of the technology, as well as its widespread acceptance in telecommunications.
Due to the region's resurgent economy and proliferation of smartphones, the VoLTE market in Europe is growing. Growing expenditures in technology development are paying off handsomely, propelling regional market growth. Furthermore, the presence of major market players in the region, as well as their investments in R&D activities, help to support market growth to some level.
While the Asia Pacific area is continuously developing due to reasons such as current main market players' technical knowledge, rising demand for technology in emerging countries such as India, China, and Taiwan, and greater industrialisation, the market in this region is still growing.
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Key Players:
Verizon Wireless (US), AT&T Inc. (US), Nokia Corporation (Finland), Ericsson (Sweden), Alcatel-Lucent (France), KT Corporation (South Korea), Rogers Communication (Canada), SK Telecom Co. Ltd. (South Korea), Huawei Technologies Co. Ltd. (China) and LG Uplus Corporation (South Korea) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global VoLTE Technology Market.
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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