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Global Voice Over LTE Market Report 2023: Sector to Reach $190.9 Billion by 2028 at a CAGR of 65.47%

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Voice Over LTE (VoLTE) Market

Voice Over LTE (VoLTE) Market
Voice Over LTE (VoLTE) Market

Dublin, Feb. 21, 2023 (GLOBE NEWSWIRE) -- The "Voice Over LTE Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global voice over LTE (VoLTE) market size reached US$ 9.3 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 190.9 Billion by 2028, exhibiting a CAGR of 65.47% during 2022-2028.

Companies Mentioned

  • Bell Canada (BCE Inc.)

  • Bharati Airtel Limited

  • D2 Technologies

  • Huawei Technologies Co. Ltd.

  • Mitel Networks Corporation

  • Nokia Corporation

  • Telefonaktiebolaget LM Ericsson

  • T-Mobile USA Inc. (Deutsche Telekom AG)

  • TPG Telecom Limited

  • Verizon Communications Inc.

Voice over LTE (VoLTE) is a high-speed wireless communication standard that routes voice traffic and transmits data across 4G LTE networks. It relies on an internet protocol (IP) multimedia subsystem (IMS) framework to offer advanced multimedia as data flows over a common IP interface without depending on a circuit-switched voice network.

It is used in smartphones, data terminals, internet of things (IoT) devices, and wearables for high-speed wireless communications on account of better voice quality, faster call setup, and LTE or 4G data services, like web surfing and tethering during voice calls. As a result, VoLTE finds extensive applications in the commercial, residential and government sectors across the globe.

At present, there is a rise in the utilization of VoLTE by network operators for transmitting voice services in small-sized packets and increasing spectrum efficiency. This, along with the growing demand for VoLTE among operators to provide high-quality video, messaging, and voice services to customers, represents one of the key factors driving the market.

Moreover, there is an increase in the employment of rich communication services (RCS) to reduce the time of connecting VoLTE calls, real-time language translation, instant messaging, and voice mails while improving the battery life of devices. This, coupled with the rapid call setup time due to reduced latency with decreasing maintenance and operational costs, is propelling the growth of the market.

In addition, high definition (HD) voice offered by VoLTE to give enhanced audio output while reducing the background noise compared to standard voice calls is positively influencing the market.

Besides this, the increasing adoption of the internet of things (IoT) in VoLTE technology is offering lucrative growth opportunities to industry investors. Additionally, the escalating demand for high-speed internet among individuals around the world is bolstering the market growth.

Key Questions Answered in This Report:

  • How has the global voice over LTE (VoLTE) market performed so far and how will it perform in the coming years?

  • What has been the impact of COVID-19 on the global voice over LTE (VoLTE) market?

  • What are the key regional markets?

  • What is the breakup of the market based on the technology?

  • What is the breakup of the market based on the device type?

  • What is the breakup of the market based on the end use industry?

  • What are the various stages in the value chain of the industry?

  • What are the key driving factors and challenges in the industry?

  • What is the structure of the global voice over LTE (VoLTE) market and who are the key players?

  • What is the degree of competition in the industry?

Report Metrics:

Report Attribute

Details

No. of Pages

143

Forecast Period

2022 - 2028

Estimated Market Value (USD) in 2022

$9.3 Billion

Forecasted Market Value (USD) by 2028

$190.9 Billion

Compound Annual Growth Rate

65.4%

Regions Covered

Global

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Voice Over LTE (VoLTE) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Technology
6.1 Voice Over IP Multimedia Subsystem (VoIMS)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Circuit Switched Fall Back (CSFB)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Dual Radio/Simultaneous Voice and LTE (SVLTE)
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Voice Over LTE Via Generic Access Network (VOLGA)
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Single Radio Voice Call Continuity (SRVCC)
6.5.1 Market Trends
6.5.2 Market Forecast

7 Market Breakup by Device Type
7.1 Smartphones
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Routers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Wireless Modems
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by End Use Industry
8.1 Corporate
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Government
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/ph8p69-over-lte?w=12

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