Global VoLTE Market 2017-2021

Overview of the global VoLTE market

Research analysis on the global VoLTE market identifies that the demand for quality over voice services will be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 47% by 2021. The benefit of VoLTE is that the quality of the call is better than 2G and 3G connections and there is more data transfer over 4G compared to 2G and 3G. Traditionally, voice networks transmit voice calls using 8 Kbps codec, but VoLTE transmits voice calls using 13 Kbps codec, which results in clearer phone calls compared with a typical cellular phone call. The efficiency of VoLTE is three times as much as 3G and six times as much as 2G. The voice calls are in HD quality and offer a much richer experience altogether. Fast, reliable, and richer services encourage subscribers to switch to VoLTE. The high-value mobile subscribers are ready and already willing to swap providers to avail VoLTE services.

The increasing adoption of LTE technology is one of the latest trends that will gain traction in the VoLTE market.  LTE is one of the latest technologies in the telecom space. It is widely adopted by telecom operators due to its advantages such as being the most efficient data-supported mobile technology and its high-level safety and security measures. TETRA & Critical Communications Association (TCCA) and National Public Safety Telecommunications Council (NPSTC) have signed a MoU for their joint commitment to the need to develop mission-critical public safety communication standards for LTE-based technology. Public safety networks in which the LTE technology has been implemented can respond to the demanding need for reliable voice and data connectivity at significant speeds with increased security measures.

Competitive landscape and key vendors

The VoLTE market consists of an extensive range of telecommunication providers and LTE equipment suppliers. The market is projected to grow rapidly due to the growth in the LTE deployment across the world. With all players focused on gaining maximum market shares, the competition among the players in this marketspace is quite intense.

The leading vendors in the market are –

• AT&T
• Ericsson
• Nokia
• SK Telecom
• T-Mobile  

The other prominent vendors in the market are Bell Canada, Bharti Airtel, Bouygues Telecom, Celcom Axiata, Cisco, DNA, DTAC, Huawei, Kcell, KT, KPN, LG Uplus, Mavenir Systems, Mobile TeleSystems, Mobitel, Orange, Rogers Communications, Saudi Telecom Company, SFR, Smart Communications, Swisscom, Tata DoCoMo (Teleservices), TDC, Telekom Austria, Telenor, TELUS, Turkcell, and Vodafone.

Segmentation by technology and analysis of the VoLTE market

• VoIMS
• CSFB

During 2016, the VoIMS technology segment accounted for the major shares of the VoLTE market. Factors such as the advent of 5G networks and the virtualization and cloudification of IMS network functions, will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the VoLTE market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the VoLTE market throughout the forecast period. The high level of awareness and the presence of public safety technologies in the region will drive the growth of the market. In addition, the increased penetration of mobile broadband and favourable conditions prevalent in North America will also fuel the market’s growth in this region.

Key questions answered in the report include

• What will the market size and the growth rate be of the global VoLTE market in 2021?
• What are the key factors driving the global VoLTE market?
• What are the key market trends impacting the growth of the global VoLTE market?
• What are the challenges to market growth?
• Who are the key vendors in the global VoLTE market?
• What are the market opportunities and threats faced by the vendors in the global VoLTE market?
• Trending factors influencing the market shares of the global VoLTE market in Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global VoLTE market?