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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