VoLTE (Voice over LTE) Technology Market – Overview
VoLTE (Voice over LTE) Technology is expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2018-2023. The increasing demand for migration from 2G/3G circuit-switched technology to packet switched 4G LTE technology is motivating the VoLTE market. Market reports associated with the semiconductors and electronics industry have been made available by Market Research Future which generates reports on other business verticals that outlines the current market scenarios. The market is expected to show an enhanced CAGR growth in the forthcoming period. The market for VoLTE is increasing tremendously. The major driver for Voice over LTE technology market is the evolution of the 4G LTE network with the emergence of video calling and conferencing. The implementation of VoLTE technology offers swift file transfer, increasing efficiency and saving time, which further contributes to the market growth. On the contrary, the cost of handsets enabled with LTE is higher than that of the other devices which can potentially hamper the market growth.
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The reduction in the cost of voice infrastructure is a key factor powering the expansion of VoLTE technology globally. Moreover, benefits such as improvement in the quality of voice over networks are further reinforcing the development of the market. The development of the 4G LTE network with the advent of video calling and conferencing is expected to further encourage the progress of the VoLTE technology in the upcoming years..
The important Key Players in the VoLTE Technology Market are: LG Uplus Corporation (South Korea), Nokia Corporation (Finland), Alcatel-Lucent (France), AT&T Inc. (U.S.), Ericsson (Sweden), Verizon Wireless (U.S.), KT Corporation (South Korea), MetroPCS Communications (U.S.), Huawei Technologies Co. Ltd. (China), SK Telecom Co. Ltd. (South Korea), Rogers Communication (Canada), Mitel Networks Corporation (Canada) and Aptilo Networks (Sweden).
VoLTE (Voice over LTE) Technology Market Segmental Analysis
The segmentation of the Voice over LTE Technology market comprises of technology, region, and device. On the basis of device, the VoLTE Technology market is segmented into laptops, smartphones, tablets, routers, and others. On the basis of Technology, the market is segmented into Voice Over IP Multimedia Subsystems (VoIMS), Circuit Switch Fall Back (CSFB), Simultaneous Voice and LTE (SVLTE) and Single Radio Voice Call Continuity (SRVCC). The regions involved in the market are North America, Europe, APAC and rest of the world.
VoLTE (Voice over LTE) Technology Market Detailed Regional Analysis
The VoLTE (Voice over LTE) technology market’s regional analysis covers regions such as North America, Europe, Asia Pacific, and the rest of the World. The North American region is projected to control the VoLTE Technology Market in the duration of the forecast period. In addition to controlling the VoLTE technology market, the region is projected to command the maximum market share. The topmost CAGR in the VoLTE technology market is observed in the Asia Pacific region, owing to a big consumer base of VoLTE technology in nations such as China, India, and Japan. By 2023, the VoLTE technology market is projected to be dominating the technology sector in India. The European region follows the Asia Pacific region as the technology is rising greatly in the European region.
VoLTE (Voice over LTE) Technology Market Competitive Analysis
The improved ease of access to varied resources and capabilities is anticipated to drive the growth of the market in the approaching period. The usage of effective strategy execution techniques is expected to influence the forthcoming development of the market positively. Moreover, the vertical integrations and product schemes of the market is growing the capacity of the market companies. The participants in the market are trying to launch many leaderships that will permit them to get a more considerable share of the market. Product differentiation has formed an advantageous product differentiation scenario that is supplementing the market’s evolution. The examination of the market brings to the fore that it is poised for favorable development in the coming years.
VoLTE (Voice over LTE) Technology Market Industry Updates:
Nov 2018 Jio has recently launched India’s first VoLTE international roaming plan between Japan and India. The introduction of VoLTE international roaming plans has enabled Jio to become the leading telecom operator in India to offer such a service. The VoLTE international roaming plan is aimed at Jio users traveling from India to Japan enjoy HD voice and LTE high-speed data.
May 2018 Vodafone India recently expanded its Voice over LTE (VoLTE) based services to Kolkata even as it makes ready its plans to launch the service to 4G customers across the country in phases.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of VoLTE Technology Market
5 Industry Overview Of VoLTE Technology Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
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List Of Tables
Table 1 VoLTE Technology Market: By Region, 2018-2023
Table 2 North America VoLTE Technology Market: By Country, 2018-2023
Table 3 Europe VoLTE Technology Market: By Country, 2018-2023
Table 4 Asia Pacific VoLTE Technology Market: By Country, 2018-2023
Table 5 The Middle East & Africa VoLTE Technology Market: By Country, 2018-2023
LIST OF FIGURES
FIGURE 1 Global VoLTE Technology Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global VoLTE Technology Market
FIGURE 4 Value Chain Of Global VoLTE Technology Market
FIGURE 5 Share Of VoLTE Technology Market In 2018, By Country (In %)
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