VoLTE is a latest communication
standard which provides high-speed wireless connectivity to mobile phones and
data terminals. These arising technologies in telecommunication sector
providing the ease to the population to communicate with high-speed connectivity
feature. VoLTE technology is around 20 times faster than the earlier
communication technology. Moreover, it provides the platform for voice call
delivery to the consumers across the globe.
Market size and forecast
The global VoLTE market is expected to reach around USD 37 Billion by 2024 by registering a CAGR
of 27% over the forecast period i.e. 2017-2024. The market is majorly driven by the
rapid pace of globalization and rising need for advanced communication services
for various commercial and individual purposes. Geographically, North-America
has witnessed extensive adoption of these advanced services in the past few
years and is expected to showcase a tremendous growth in near future. The
market will be driven by the growing adoption of advanced communication
technology in various corporate and government sectors. Presence of large
number of tech savvy population in U.S. region is expected to propel the growth
of VoLTE market during the forecast period i.e. 2017-2024.
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Likewise,
Asia-Pacific and Middle East & Africa region offers potential opportunities
to the key players of VoLTE market. Rapid urbanization in the regions and
increasing expenditure of modern infrastructure are the major driving factors
for the market of VoLTE. Growing trend towards video calling and penetration of
smartphone users on account of rising personal disposable income is expected to
bolster the growth of VoLTE market.
Market Segmentation
Our
in-depth analysis segmented the global voice over long term evolution (VoLTE)
market in the following segments:
By Technology Type
·
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)
·
Single
Radio Voice Call Continuity (SRVCC)
By Evolution Type
·
Voice
over mobile broadband (VoMBB)
·
Voice
over high speed package access (VoHSPA)
·
Voice
over Wi-Fi (VoWi-Fi)
By End-User
·
Corporate
·
Commercial
·
Government
·
Individual
Consumers
By Region
Global
Voice over Long Term Evolution (VoLTE) Market is further classified on the
basis of region as follows:
·
North
America (United States /U.S. & Canada)
·
Latin
America (Brazil, Mexico, Rest of Latin America)
·
Western
and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Western Europe)
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, South Korea and Rest
of Asia)
·
Middle
East and North Africa (MENA)
·
Rest
of World
Growth Drivers and challenges
The market
for VoLTE is majorly driven on the back of rising adoption of VoLTE services by
the network operators. The VoLTE technology provides rapid call set up due to
high activity of spectrum. The high band-width and advanced spectrum technology
enables the high-speed connectivity which is further gaining traction among the
population across the globe. The features of VoLTE such as VoWi-Fi and access
internet services at the time of calling are gaining traction among the
population. Moreover, increasing tech savvy population and rising penetration
of smartphone users are growing demand for advanced technology for internet access
and communication. VoLTE technology provides ease to the consumers to access
high-speed internet and enhanced voice call quality. Rising personal disposable
income of the population and rising popularity of VoLTE services across the
globe are expected to impact positively on the growth of VoLTE market in near
future.
In
addition to this, rising need for video calling and group discussions through
visual interfaces in corporate sectors are swelling the market growth of VoLTE globally. On the other hand, up gradation of government sectors due
to rapid pace urbanization and penetration of internet of things (IoT) are some
of the major factors which require the VoLTE services. Emerging nations are
working on advanced networking strategies which are further expected to boost
the market of VoLTE
technology.
However,
high cost of network installation equipment is the major challenge for the key
players of this industry. Likewise, cost associated with these advanced network
services is likely to hinder the growth of VoLTE market. Lack of awareness and
slow adoption in under-developed nations are hampering the growth of VoLTE
market.
Key Players
The key
players of Voice over Long Term Evolution (VoLTE) Market as follows:
·
AT&T
Inc.
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
Huawei
Technologies Co. Ltd.
·
Ericsson
·
LG
Uplus
·
Nokia
Networks
·
SK
Telecom
·
T-Mobile
·
Bharti
Airtel
Scope and Context
Overview
of the Parent Market
Analyst View
Segmentation
The Global
Voice over Long Term Evolution (VoLTE) Market is segmented as follows:
·
By
Technology type Market Size and Y-O-Y Growth Analysis
·
By
Evolution type Market Size and Y-O-Y Growth Analysis
·
By
End-User type Market Size and Y-O-Y Growth Analysis
By Regions
·
North
America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
·
Latin
America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth
Analysis
·
Western
and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest
Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y
Growth Analysis
·
Asia-Pacific
(China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia)
Market Size and Y-O-Y Growth Analysis
·
Middle
East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
·
Rest
of World Market Size and Y-O-Y Growth Analysis
Market Dynamics
Supply and
Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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