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In 2023, the Voice over LTE (VoLTE) technology market was estimated to be worth 3.10 billion USD. There will be a 5.87 percent CAGR (compound annual growth rate) between 2024 and 2031 in the VoLTE (Voice over LTE) technology market, which means that it will go from $4.89 billion in 2024 to $169.72 billion in 2031. Improving voice and video quality, faster internet, and the benefits of VoLTE are the main factors driving the market's expansion.
Voice over LTE via Generic Access Network (VOLGA), Circuit Switched Fall Back (CFSB), Single Radio Voice Call Continuity (SRVCC), and Voice over IP Multimedia Subsystem (VoIMS) are among the technologies that make up the global VoLTE market. Voice over Internet Protocol multimedia services, or VoIMs, include sending audio data via an architectural framework. In a similar vein, CSFB is a method for providing voice and text services to LTE devices via GSM and other circuit-switched networks. SVLTE is a protocol and technological standard that allows devices to use the LTE data network and the CDMA voice network at the same time. A technical approach to provide voice and SMS services over LTE networks is VOLGA. However, in order for packet domain calls over LTE to flow effortlessly across legacy circuit switched voice in systems like GSM, CDMA 1x, and UMTS, SRVCC is a necessary requirement for VoLTE networks.
The global voice over LTE (VoLTE) industry is experiencing strong growth because to features including improved voice and video quality and increased spectrum efficiency offered by LTE services. The worldwide voice over LTE (VoLTE) market is experiencing strong growth due to factors such as the rising need for mobile unified communication (UC), which is facilitated by faster networks, fewer call dropouts, and an improved user experience. In addition, operators are expanding communication capabilities with online real-time communication (WebRTC) and improving interior network coverage with VoWi-Fi.We have replicated the study's examination of the COVID-19 pandemic's effect on sales revenue for market leaders, market followers, and disruptors.
The early adoption of VoLTE technology and services, along with the presence of major network providers, have propelled North America to the top of the worldwide voice over LTE (VoLTE) industry. With xx% of the total, the American market is by far the biggest. During the projection period, the Asia-Pacific market is anticipated to have substantial expansion, with a CAGR of xx%. More and more people in this region are using VoLTE services, which is driving this increase. In order to maintain a foothold in the fiercely competitive worldwide voice over LTE (VoLTE) market, leading competitors are concentrating on certain market strategies, like mergers and acquisitions. They are also putting a lot of effort into forming partnerships with regional businesses in an effort to expand their customer base and improve their standing in international markets.
Trends like VoLTE and VoWi-Fi integration are bringing new life to the VoLTE market. Enterprises are adopting VoLTE at a faster rate due to the rising popularity of VoLTE services like file sharing and video conferencing. In comparison to 2G GSM and 3G UMTS, VoLTE's data and voice capacities are six and three times higher, respectively. The smaller packet headers also contribute to VoLTE's lower bandwidth use rate. At the moment, there is a need in the telecom industry for more efficient voice call services, which means shorter call setup times and better use of spectrum. Deploying VoLTE services effectively meets these needs in the industry. Innovative service offerings and efficient service delivery are crucial to the industry's success.
Spectrum efficiency is the rate at which a system transmits data over a given bandwidth. The global adoption of VoLTE services is being expedited because to its superior spectral efficiency compared to traditional circuit-switched voice. With VoLTE, 4G LTE networks may make better use of the spectrum for transmitting voice calls. The improvements to VoLTE technology that maximize spectral efficiency include less bandwidth use, less reliance on control channels, and better uplink coverage. Consequently, enhanced spectral efficiency is having a discernible impact and is expected to propel the market at a faster CAGR.
Mobile enterprises are increasingly seeking both mobile and cloud UC (Unified Communications) solutions, thanks to their faster network connections. In order to keep up with this demand, mobile network operators will need to upgrade their LTE networks, roll out UC apps over these networks, and enhance the user experience for their end consumers. Customers now want unified communications, therefore businesses are turning to mobile providers to boost their networks. The consequent increase in mobile UC demand is expected to have a significant and positive effect by 2023.
Report Coverage
Global Voice over LTE (VoLTE) research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Voice over LTE (VoLTE) report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Voice over LTE (VoLTE) competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Voice over LTE (VoLTE) market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Voice over LTE (VoLTE) market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Voice over LTE (VoLTE) market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AT&T Inc. (U.S.), LG Uplus Corporation (South Korea), Nokia Corporation (Finland), Ericsson (Sweden), Verizon Wireless (U.S.), Alcatel-Lucent (France), KT Corporation (South Korea), Rogers Communication (Canada), Huawei Technologies Co. Ltd. (China), SK Telecom Co. Ltd. (South Korea). Mitel Networks Corporation (Canada), MetroPCS Communications (U.S.), Aptilo Networks (Sweden)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Voice over LTE (VoLTE) market based on the below-mentioned segments:
Global Voice over LTE (VoLTE) Market, By Device
Tablets
Smartphones
Routers
Laptops
Others
Global Voice over LTE (VoLTE) market, By Technology
Circuits Switch Fall Back (CSFB)
Voice Over IP Multimedia Subsystems (VoIMS)
Simultaneous Voice and LTE (SVLTE)
Single Radio Voice Call Continuity (SRVCC)
Global Voice over LTE (VoLTE) market, Regional Analysis
Voice over LTE via Generic Access Network (VOLGA), Circuit Switched Fall Back (CFSB), Single Radio Voice Call Continuity (SRVCC), and Voice over IP Multimedia Subsystem (VoIMS) are among the technologies that make up the global VoLTE market. Voice over Internet Protocol multimedia services, or VoIMs, include sending audio data via an architectural framework. In a similar vein, CSFB is a method for providing voice and text services to LTE devices via GSM and other circuit-switched networks. SVLTE is a protocol and technological standard that allows devices to use the LTE data network and the CDMA voice network at the same time. A technical approach to provide voice and SMS services over LTE networks is VOLGA. However, in order for packet domain calls over LTE to flow effortlessly across legacy circuit switched voice in systems like GSM, CDMA 1x, and UMTS, SRVCC is a necessary requirement for VoLTE networks.
The global voice over LTE (VoLTE) industry is experiencing strong growth because to features including improved voice and video quality and increased spectrum efficiency offered by LTE services. The worldwide voice over LTE (VoLTE) market is experiencing strong growth due to factors such as the rising need for mobile unified communication (UC), which is facilitated by faster networks, fewer call dropouts, and an improved user experience. In addition, operators are expanding communication capabilities with online real-time communication (WebRTC) and improving interior network coverage with VoWi-Fi.We have replicated the study's examination of the COVID-19 pandemic's effect on sales revenue for market leaders, market followers, and disruptors.
The early adoption of VoLTE technology and services, along with the presence of major network providers, have propelled North America to the top of the worldwide voice over LTE (VoLTE) industry. With xx% of the total, the American market is by far the biggest. During the projection period, the Asia-Pacific market is anticipated to have substantial expansion, with a CAGR of xx%. More and more people in this region are using VoLTE services, which is driving this increase. In order to maintain a foothold in the fiercely competitive worldwide voice over LTE (VoLTE) market, leading competitors are concentrating on certain market strategies, like mergers and acquisitions. They are also putting a lot of effort into forming partnerships with regional businesses in an effort to expand their customer base and improve their standing in international markets.
Trends like VoLTE and VoWi-Fi integration are bringing new life to the VoLTE market. Enterprises are adopting VoLTE at a faster rate due to the rising popularity of VoLTE services like file sharing and video conferencing. In comparison to 2G GSM and 3G UMTS, VoLTE's data and voice capacities are six and three times higher, respectively. The smaller packet headers also contribute to VoLTE's lower bandwidth use rate. At the moment, there is a need in the telecom industry for more efficient voice call services, which means shorter call setup times and better use of spectrum. Deploying VoLTE services effectively meets these needs in the industry. Innovative service offerings and efficient service delivery are crucial to the industry's success.
Spectrum efficiency is the rate at which a system transmits data over a given bandwidth. The global adoption of VoLTE services is being expedited because to its superior spectral efficiency compared to traditional circuit-switched voice. With VoLTE, 4G LTE networks may make better use of the spectrum for transmitting voice calls. The improvements to VoLTE technology that maximize spectral efficiency include less bandwidth use, less reliance on control channels, and better uplink coverage. Consequently, enhanced spectral efficiency is having a discernible impact and is expected to propel the market at a faster CAGR.
Mobile enterprises are increasingly seeking both mobile and cloud UC (Unified Communications) solutions, thanks to their faster network connections. In order to keep up with this demand, mobile network operators will need to upgrade their LTE networks, roll out UC apps over these networks, and enhance the user experience for their end consumers. Customers now want unified communications, therefore businesses are turning to mobile providers to boost their networks. The consequent increase in mobile UC demand is expected to have a significant and positive effect by 2023.
Report Coverage
Global Voice over LTE (VoLTE) research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Voice over LTE (VoLTE) report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Voice over LTE (VoLTE) competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Voice over LTE (VoLTE) market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | AT&T Inc. (U.S.), LG Uplus Corporation (South Korea), Nokia Corporation (Finland), Ericsson (Sweden), Verizon Wireless (U.S.), Alcatel-Lucent (France), KT Corporation (South Korea), Rogers Communication (Canada), Huawei Technologies Co. Ltd. (China), SK Telecom Co. Ltd. (South Korea). Mitel Networks Corporation (Canada), MetroPCS Communications (U.S.), Aptilo Networks (Sweden) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Voice over LTE (VoLTE) Market from 2021 to 2031.
- Market Forecast for Voice over LTE (VoLTE) Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Voice over LTE (VoLTE) competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Voice over LTE (VoLTE)
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Voice over LTE (VoLTE) market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Voice over LTE (VoLTE) market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AT&T Inc. (U.S.), LG Uplus Corporation (South Korea), Nokia Corporation (Finland), Ericsson (Sweden), Verizon Wireless (U.S.), Alcatel-Lucent (France), KT Corporation (South Korea), Rogers Communication (Canada), Huawei Technologies Co. Ltd. (China), SK Telecom Co. Ltd. (South Korea). Mitel Networks Corporation (Canada), MetroPCS Communications (U.S.), Aptilo Networks (Sweden)
Primary Target Market
- Market Players of Voice over LTE (VoLTE)
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Voice over LTE (VoLTE) market based on the below-mentioned segments:
Global Voice over LTE (VoLTE) Market, By Device
Tablets
Smartphones
Routers
Laptops
Others
Global Voice over LTE (VoLTE) market, By Technology
Circuits Switch Fall Back (CSFB)
Voice Over IP Multimedia Subsystems (VoIMS)
Simultaneous Voice and LTE (SVLTE)
Single Radio Voice Call Continuity (SRVCC)
Global Voice over LTE (VoLTE) market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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