Voice Over LTE (VoLTE) Market Experience Some Large Growth In Near Future | Alcatel-Lucent S.A, KT Corporation, LG Uplus, SK Telecom

The decline in revenue of voice calls and SMS necessitated the adoption of a standardized and viable scheme for the provision of faster and uninterrupted voice and SMS services. As the mobile network operators continue with the full-fledged implementation of 4G long-term evolution (LTE) network, the development of voice over LTE (VoLTE) is providing a platform of choice for voice call delivery by network operators.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

The scheme of VoLTE was devised owing to the need of a standardized system for voice or data traffic transfer over LTE. The 4G LTE network is the mainstream foundation for the emergence of VoLTE. 4G LTE provides around 20 times faster speed than 3G broadband technology. Moreover, it reduces battery drain rate more efficiently than 3G technology. Despite the deployment of 4G LTE network for data, many service providers still prefer 3G CDMA and GSM platforms for voice calls. The Voice over Long Term Evolution (VoLTE) market is likely to generate revenue of $34.8 billion by 2022, growing at a CAGR of 50.1% from 2016 to 2022.VoLTE is a long-term solution for voice calls as it is designed for replacement of conventional mobile voice platforms by easy integration of voice over Internet protocol (VoIP) services, including landline networks. Technologies such as FDD and TDD would open new avenues for the VoLTE sector. Besides this devices including smart phones, dongles and routers would create growth opportunities.

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The VoLTE market is emerging with trends such as VoLTE and VoWi-Fi integration. The growing popularity of VoLTE services for video conferencing and file sharing have increased the rate of adoption of VoLTE in enterprises. The data and voice capacity of VoLTE is six times more than 2G GSM and up to three times more than 3G UMTS. Moreover, the bandwidth utilization rate in VoLTE is less owing to the smaller packet headers.

The VoLTE market is segmented on the basis of technology, end user, and geography. The technologies of VoLTE include voice over IP multimedia subsystem (VoIMS), circuit-switched fall back (CSFB), dual radio/simultaneous voice and LTE (SVLTE), voice over LTE via generic access network (VOLGA), and single radio voice call continuity (SRVCC). Geographically, the market is divided across the four regions namely North America, Europe, Asia-Pacific, and LAMEA, with their further bifurcation into the key countries.

POTENTIAL BENEFITS FOR STAKEHOLDERS:

This study comprises analytical depiction of the world VoLTE market with the current trends and future scenario to depict the investment pockets in the market.
The report provides information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed and forecasted for the years 20162022 to highlight the financial competency of the market.
Porters Five Forces analysis of the industry illustrates the potency of the buyers and suppliers.
Value chain analysis provides a clear role of the different stakeholders involved.

KEY PLAYERS

Alcatel-Lucent S.A.
AT&T Inc.
KT Corporation
LG Uplus Corp.
SK Telecom Co. Ltd.
T-Mobile US. Inc.
Ericsson
Huawei Investment & Holding Co., Ltd
Cisco Systems Inc.
D2 Technologies

VOICE OVER LTE (VoLTE) MARKET SEGMENTATION

The market is segmented on the basis of technology and geography.

MARKET BY TECHNOLOGY

Voice Over IP Multimedia Subsystem (VoIMS)
Circuit-Switched Fall Back (CSFB)
Dual Radio/Simultaneous Voice and LTE (SVLTE)
Voice Over LTE Via Generic Access Network (VOLGA)
Single Radio Voice Call Continuity (SRVCC)

MARKET BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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