A new market study, titled “Global VoLTE
(Voice over LTE) Technology Market Size, Status and Forecast 2020-2023” has been
featured on Market Research Future. The statistical report provides a wide-ranging research on the
key players and in-depth insights which includes the competitiveness of the
trending players. Predictable
revenue growth in terms of volume with respect to the VoLTE
(Voice over LTE) Technology market for
the upcoming years has been mentioned in depth. Market
experiences an exponential growth by 2020, registering a fabulous CAGR during forecast
period.
VoLTE or Voice over Long Term
Evolution refers to a digital voice service, delivered over IP via an LTE
access network and utilizing IMS technology.
Many organizations implement VoLTE for the monetary & operational
benefits it offers. Providing a more efficient use of spectrum than traditional
voice; VoLTE successfully meets the rising demand for enhanced and more
reliable services. Well-established
players having a strong presence in the international and regional market adorn
the global VoLTE market as highly competitive and fragmented.
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Key players operating in the market
are fervent to invest heavily which will transform the consumer and business
landscape in the future.
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).
Global VoLTE
Technology Market - Segments
By Device:
·
Tablets/Laptops
·
Smartphones
·
Routers
· Wireless
By Technology:
·
VoIMS (Voice over IP Multimedia Subsystems)
·
CSFB (Circuit Switch Fall Back)
·
SRVCC (Single Radio Voice Call Continuity
· SVLTE (Simultaneous Voice & LTE)
The evolution of 4G LTE network has
impacted the market growth positively. Growing demand for efficient voice call
services in telecommunication sectors has fostered the market growth to an
extent. Increasing adoption of video conferencing and instant file transmission
services by enterprises provides impetus to the market growth of VoLTE.
Geographically, regions such as North America, Europe, Asia-Pacific
(APAC), Middle East & Africa and Latin America can be segmented on the
basis of the global VoLTE (Voice over LTE) Technology market. North
America region dominates the market with the largest share owing to the highest
per capita in the region that is improving consumers’ lifestyle, enhancing
their affordability. Also, the presence of prominent market players in the
region and the investments put in by them in R&D activities, in turn,
foster the market growth to an extent.
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