Voice Over LTE (VoLTE) Market Share, Size 2020: Worldwide Business Trend, Supply Demand Scenario, Growth Prospects, Pipeline Projects, Project Economics and Forecast till 2023

Global "Voice Over LTE (VoLTE)" Market report 2020 intends to give inside and out data about Voice Over LTE (VoLTE) industry with market outlook, trends, business strategies and future prospects of industry. It includes the present market status with some changing size and trends that can affect the market growth rate. Voice Over LTE (VoLTE) market report covers the significant growth prospect over the coming years. Likewise, it studies market new product analysis, strategies, financial overview and trends. Voice Over LTE (VoLTE) market report also offers an overview of revenue, sales, product demand, and supply of data, cost, and growth analysis during the forecast year 2023.

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Top Manufacturers Listed in the Voice Over LTE (VoLTE) Market Report are:
o AT&T Inc.Huawei Technologies Co. LtdBharati AirtelErissonSK TelecomAlcatel-Lucent Nokia Solutions And Networks LG Uplus Corp.Bell CanadaVodafoneMobitel

The voice over LTE (VoLTE) market is expected to register a CAGR of over 54.69% during the forecast period 2018 - 2023.

Voice over LTE (VoLTE) is a high-speed wireless communication technology for mobile phones and data terminals, which includes IoT devices and wearable. It enables calls over an LTE network. The technology merges voice and data, which results in better efficiency and better quality. The operators use data network for transmitting voice services in small-sized packets by using voice over LTE, which results in increase spectrum efficiency and reduced maintenance and operating costs. The regulations of the telecommunication sector for efficient voice call services with faster call setup time and improved spectral efficiency has driven the major networking companies to invest in voice over LTE technology. More than 140 mobile operators have commercially launched voice over LTE (VoLTE) services, and several roaming and interoperability agreements are already in place.

The increasing demand for high-speed internet and increased spectrum efficiency is driving the growth of the market, while the high cost of installation of equipment, lack of awareness, and slow adoption in underdeveloped countries is restraining the growth of the market.

Increasing Demand for High-Speed Internet is driving the Voice Over LTE (VoLTE) Market

The digitalization of information and the favorable government policies to digitize information and services is enabling people to use the internet. The increasing number of smartphones and large availability of online entertainment sources is resulting in the rapid growth of mobile broadband users. The smartphone allows its users from the corporate sector for video calling and group discussions through visual interfaces. The demand for high-speed internet is increasing as the internet speed required for video calling, as well as for online entertainment services, is high. A voice over LTE (VoLTE) can provide the internet with a speed 20 times greater and a higher voice quality than that of earlier technologies. This ability of voice over LTE is resulting in a significant growth of the market.

Asia-Pacific to be the Major Region over the Forecast Period

Asia-Pacific has seen a significant growth in voice over LTE (VoLTE) in the past year and is expected to have a rapid growth over the forecast period. Asia-Pacific has the highest population of 4.6 billion of total 7.6 billion of the world population. The region consists of developing countries, such as India, China, Japan, and South Korea, which are opting for digitalization. The disposal income of the people in this region has seen a significant growth over the recent years and is expected to increase over the forecast period. For instance, The average disposal income of people in China is CNY 36,396, which has seen a growth of 8.5% from the previous year. This increasing disposal income is allowing people to opt new technologies, which enhance their lives. One such technology is smartphone with voice over LTE technology. The mobile network providers, such as Vodafone, Airtel, Reliance Jio, Digi, U Mobile, Yes 4G, and Dialog have made themselves into the VoLTE technology and are investing in this technology to provide better service. Countries, such as China, Japan, South Korea, and India are the major contributors in the region.

Key Developments in the Voice Over LTE (VoLTE) Market

May 2018: Idea Cellular has advanced its shares by 3.5% as the company rolled out 4G Voice over LTE service in 15 telecom circles covering all the district headquarters, which include Mumbai, Karnataka, Punjab, Haryana, West Bengal, UP East, UP West, Bihar & Jharkhand, and Rajasthan.

May 2018: Nokia 7 Plus smartphone launched back in February, but was crucially missing 4G Voice over LTE support on its second SIM card. It is now receiving an update in India unlocking Voice over LTE on the two SIM card slots. The update is V2.22A version and along with the new functionality, it brings better system stability and some user interface tweaks.

Voice Over LTE (VoLTE) Market

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Regional Segmentation Includes:
- United States
- Europe
- China
- Japan
- South Korea
- Other Regions
Reasons to Purchase the Voice Over LTE (VoLTE) Market Report:
- The report analyses how the shift towards safety will drive the global automotive anti-lock braking system market size and Share.
- Analyzing various perspectives of the market with the help of Porter's five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Voice Over LTE (VoLTE) Market growth during the forecast period.
- Identify the latest developments, Voice Over LTE (VoLTE) market shares and strategies employed by the major market players.

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Major Points from Table of Contents:
1. Introduction
1.1 Key Deliverables of the Voice Over LTE Market Study
1.2 Voice Over LTE Market Study Assumptions
1.3 Voice Over LTE Market Definition
1.4 Key Findings of the Voice Over LTE Market Study
2. Research Approach and Methodology
3. Executive Summary
4. Voice Over LTE Market Insights
4.1 Voice Over LTE Market Overview
4.2 Industry Value Chain Analysis
4.3 Factors Driving the Voice Over LTE Market
4.3.1 Increasing Demand for High Speed Internet
4.3.2 Growing Demand for Quality Over Voice Services
4.3.3 Up gradation of government sectors due to rapid pace urbanization
4.3.4 Increased Spectrum Efficiency is Motivating the Telecom Operators to Adopt VOLTE Solutions
4.4 Factors restraining the Voice Over LTE Market
4.4.1 High Cost of Installation of Equipment
4.4.2 Lack of Awareness and Slow Adoption in Under Developed Countries
4.5 Industry Attractiveness - Porter's Five Industry Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of substitute Products or Services
4.5.5 Competitive Rivalry among Existing Competitors
5. Global Voice Over LTE Market Segmentation
5.1 Voice Over LTE (VoLTE) Market By Technology
5.1.1 Voice Over IP Multimedia Subsystem (VOIMS)
5.1.2 Circuit Switched Fall Back (CSFB)
5.1.3 Dual Radio/Simultaneous Voice and LTE (SVLTE)
5.1.4 Voice Over LTE Via Generic Access Network (VOLGA)
5.1.5 Single Radio Voice Call Continuity (SRVCC)
5.2 Voice Over LTE (VoLTE) Market By End-user Industry
5.2.1 Corporate
5.2.2 Commercial
5.2.3 Government
5.2.4 Individual Customers
5.3 Voice Over LTE (VoLTE) Market By Region
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Middle East & Africa
5.3.5 Latin America
6. Voice Over LTE (VoLTE) Market Competitive Intelligence - Company Profiles
6.1 AT&T Inc.
6.2 Huawei Technologies Co. Ltd
6.3 Bharati Airtel
6.4 Erisson
6.5 SK Telecom
6.6 Alcatel-Lucent
6.7 Nokia Solutions And Networks
6.8 LG Uplus Corp.
6.9 Bell Canada
6.10 Vodafone
6.11 Mobitel
*List Not Exhaustive
7. Investment Analysis of Voice Over LTE Market
8. Future of Global Voice Over LTE Market

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