Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1207164
PUBLISHER: IMARC | PRODUCT CODE: 1207164
Voice Over LTE (VoLTE) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
PUBLISHED:
PAGES: 143 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
The global voice over LTE (VoLTE) market size reached US$ 9.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 190.9 Billion by 2028, exhibiting a growth rate (CAGR) of 63.2% during 2023-2028.
Voice over LTE (VoLTE) is a high-speed wireless communication standard that routes voice traffic and transmits data across 4G LTE networks. It relies on an internet protocol (IP) multimedia subsystem (IMS) framework to offer advanced multimedia as data flows over a common IP interface without depending on a circuit-switched voice network. It is used in smartphones, data terminals, internet of things (IoT) devices, and wearables for high-speed wireless communications on account of better voice quality, faster call setup, and LTE or 4G data services, like web surfing and tethering during voice calls. As a result, VoLTE finds extensive applications in the commercial, residential and government sectors across the globe.
Voice Over LTE (VoLTE) Market Trends:
- At present, there is a rise in the utilization of VoLTE by network operators for transmitting voice services in small-sized packets and increasing spectrum efficiency. This, along with the growing demand for VoLTE among operators to provide high-quality video, messaging, and voice services to customers, represents one of the key factors driving the market. Moreover, there is an increase in the employment of rich communication services (RCS) to reduce the time of connecting VoLTE calls, real-time language translation, instant messaging, and voice mails while improving the battery life of devices. This, coupled with the rapid call setup time due to reduced latency with decreasing maintenance and operational costs, is propelling the growth of the market. In addition, high definition (HD) voice offered by VoLTE to give enhanced audio output while reducing the background noise compared to standard voice calls is positively influencing the market. Besides this, the increasing adoption of the internet of things (IoT) in VoLTE technology is offering lucrative growth opportunities to industry investors. Additionally, the escalating demand for high-speed internet among individuals around the world is bolstering the market growth.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global voice over LTE (VoLTE) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, device type and end use industry.
Breakup 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)
Breakup by Device Type:
- Smartphones
- Routers
- Wireless Modems
- Others
Breakup by End Use Industry:
- Corporate
- Commercial
- Government
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Bell Canada (BCE Inc.), Bharati Airtel Limited, D2 Technologies, Huawei Technologies Co. Ltd., Mitel Networks Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, T-Mobile USA Inc. (Deutsche Telekom AG), TPG Telecom Limited and Verizon Communications Inc.
Key Questions Answered in This Report:
- How has the global voice over LTE (VoLTE) market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global voice over LTE (VoLTE) market?
- What are the key regional markets?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the device type?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global voice over LTE (VoLTE) market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR1323A636_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Voice Over LTE (VoLTE) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Technology
- 6.1 Voice Over IP Multimedia Subsystem (VoIMS)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Circuit Switched Fall Back (CSFB)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Dual Radio/Simultaneous Voice and LTE (SVLTE)
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Voice Over LTE Via Generic Access Network (VOLGA)
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Single Radio Voice Call Continuity (SRVCC)
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Device Type
- 7.1 Smartphones
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Routers
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Wireless Modems
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Corporate
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Government
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Bell Canada (BCE Inc.)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Bharati Airtel Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 D2 Technologies
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Huawei Technologies Co. Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Mitel Networks Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Nokia Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Telefonaktiebolaget LM Ericsson
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 T-Mobile USA Inc. (Deutsche Telekom AG)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 TPG Telecom Limited
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Verizon Communications Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 Bell Canada (BCE Inc.)
Product Code: SR1323A636_Report
List of Figures
- Figure 1: Global: Voice Over LTE Market: Major Drivers and Challenges
- Figure 2: Global: Voice Over LTE Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Voice Over LTE Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Voice Over LTE Market: Breakup by Technology (in %), 2022
- Figure 5: Global: Voice Over LTE Market: Breakup by Device Type (in %), 2022
- Figure 6: Global: Voice Over LTE Market: Breakup by End Use Industry (in %), 2022
- Figure 7: Global: Voice Over LTE Market: Breakup by Region (in %), 2022
- Figure 8: Global: Voice Over LTE (Voice Over IP Multimedia Subsystem-VoIMS) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Voice Over LTE (Voice Over IP Multimedia Subsystem-VoIMS) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Voice Over LTE (Circuit Switched Fall Back-CSFB) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Voice Over LTE (Circuit Switched Fall Back-CSFB) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Voice Over LTE (Dual Radio/Simultaneous Voice and LTE-SVLTE) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Voice Over LTE (Dual Radio/Simultaneous Voice and LTE-SVLTE) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Voice Over LTE (Voice Over LTE Via Generic Access Network-VOLGA) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Voice Over LTE (Voice Over LTE Via Generic Access Network-VOLGA) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Voice Over LTE (Single Radio Voice Call Continuity-SRVCC) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Voice Over LTE (Single Radio Voice Call Continuity-SRVCC) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Voice Over LTE (Smartphones) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Voice Over LTE (Smartphones) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Voice Over LTE (Routers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Voice Over LTE (Routers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Voice Over LTE (Wireless Modems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Voice Over LTE (Wireless Modems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Voice Over LTE (Other Device Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Voice Over LTE (Other Device Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Voice Over LTE (Corporate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Voice Over LTE (Corporate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Voice Over LTE (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Voice Over LTE (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Voice Over LTE (Government) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Voice Over LTE (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: North America: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: North America: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: United States: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: United States: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Canada: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Canada: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Asia-Pacific: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Asia-Pacific: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: China: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: China: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Japan: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Japan: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: India: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: India: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: South Korea: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: South Korea: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Australia: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Australia: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Indonesia: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Indonesia: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Others: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Others: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Europe: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Europe: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Germany: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Germany: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: France: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: France: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: United Kingdom: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: United Kingdom: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Italy: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Italy: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Spain: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Spain: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Russia: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Russia: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Latin America: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Latin America: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Brazil: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Brazil: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Mexico: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Mexico: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Others: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Others: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Middle East and Africa: Voice Over LTE Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Middle East and Africa: Voice Over LTE Market: Breakup by Country (in %), 2022
- Figure 80: Middle East and Africa: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Global: Voice Over LTE Industry: SWOT Analysis
- Figure 82: Global: Voice Over LTE Industry: Value Chain Analysis
- Figure 83: Global: Voice Over LTE Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Voice Over LTE Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Voice Over LTE Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 3: Global: Voice Over LTE Market Forecast: Breakup by Device Type (in Million US$), 2023-2028
- Table 4: Global: Voice Over LTE Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 5: Global: Voice Over LTE Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Voice Over LTE Market: Competitive Structure
- Table 7: Global: Voice Over LTE Market: Key Players
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.