Voice over LTE Market Emerging Trends, Analysis and Forecasts 2018-2022

The Voice over LTE (VoLTE) Market for LTE is in the Americas and that for voice over Long-Term Evolution is in the Asia-Pacific region, which is expected to grow at a CAGR of 54.20% from 2014 to 2020. Based on the technology, the voice over LTE market can be divided into Circuit Switched Fallback (CSFB), Voice over IP multimedia subsystem (VoIMS), and Dual radio or Simultaneous Voice and LTE (SV LTE). The CSFB market accounted for the major share in 2013, but the VoIMS is expected to grow faster as compared to CSFB and SV LTE in the next 6 years.

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Voice over LTE (VoLTE) empowers mobile network operators to offer rich voice, video, and messaging services as a core offering. Voice over LTE enables the operators to use data network to transmit voice services in small sized packets. It helps to increase spectrum efficiency and reduce operational and maintenance costs as only one network is used. Voice over LTE also enables operators to offer new set of standards based services referred to as Rich Communication Services or RCS which include video calling, real time language translation, video voice mail, and instant messaging. These advanced features will help mobile network operators to compete against OTT providers.

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The report provides the profiles of all the major companies in the LTE and voice over Long-Term Evolution market. The report also provides the competitive landscape of the key players, which indicates the growth strategy of the Voice over LTE Market in the industry. The report also covers the entire value chain for the market, right from the infrastructure provider to the subscriber. Along with the value chain, this report also provides an in-depth view on the technology, end-user devices; geographic analysis of the Long-Term Evolution market and technology; and geographic analysis of the voice over Long-Term Evolution market. The market for VoLTE is estimated to reach up to $6,624.04 million by 2020, at a CAGR of 64.40% from 2014 to 2020.

The report also provides the market dynamics such as drivers, restraints, opportunities and challenges for the voice over LTE market. Apart from the market segmentation, the report also includes the critical market data and qualitative information with regard to voice over Long-Term Evolution; along with the qualitative analysis, such as the Porter’s five force analysis, value chain analysis, and the market crackdown analysis.

Voice over LTE Market is perceived as a long term strategic solution for LTE, which makes use of IMS call control as defined by 3GPP TS 23.228 for LTE voice services delivery. IMS offers legacy voice services such as call originating or terminating, calling line identification, and supplementary services; as well as value added, advanced multimedia services such as video sharing. Voice over LTE is becoming a popular technology as it provides win-win situation for both the entities; that is, the mobile network operators and the subscribers. LTE offers twice the spectral efficiency of 3G/HSPA and more than six times efficiency as that of the GSM technology; this allows allocating more bandwidth for more data services. Reuse of existing 2G and 3G spectrum reduces the need for new spectrum. Optimization of network and simplification of service delivery help to reduce costs.

Key players in the LTE and voice over LTE market include Huawei Technologies Co. Ltd.(China), Nokia Solutions and Networks (Finland), Ericsson (Sweden), Alcatel-Lucent (France),LG Uplus (South Korea), SK Telecom (South Korea), Metro PCS (U.S.), AT&T Inc. (U.S.), KT Corp. (South Korea), and Verizon Wireless (U.S.),among others. The detailed explanation of the different market segments is given below:

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