Vo5G Market Analysed & Forecast by Mind Commerce in Cutting-Edge Research Study Recently Added at MarketPublishers.com
13 Nov 2018 • by Natalie Aster
LONDON – The introduction of Fifth Generation (5G) cellular is slated to enable a range of new advanced functions, for instance, considerably higher capacity, significantly lower latency, and improved support for IoT networks. It will also support the enhanced mobile broadband, massive IoT deployment and ultra-reliable communications. Besides, 5G will encourage the implementation of network slicing for dynamic network allocation, enforceable SLA/QoE, and network as a service. 5G will emerge as a flexible alternative to fixed network back-haul as well as to WiFi.
Despite the industry focus on many new data-related capabilities that will become possible with 5G, voice is set to remain a critical function, however, it will diminish in significance as a stand-alone service. Whilst 5G will support Ultra High Definition (UHD) audio communications, ultra-clear voice communication and streaming video are not expected to be the most important overall economic impacts of the technology. Instead, the major value proposition will be Voice over 5G (Vo5G) embedded with numerous advanced applications and services including Augmented Reality, Real-time Communications (including WebRTC), telerobotics control, Unified Communications (UC), Telepresence, Virtual Reality (VR) and Mixed Reality, and different IoT-enabled applications and services.
The Vo5G market will inherently support voice/audio as a main component of communications for an array of apps and services for many enterprise, consumer, and industrial solutions. Vo5G market evolution will involve a few important considerations in terms of equipment and software upgrades and integration and network topology. Most options involve evolution from Voice over LTE (VoLTE) to Voice over New Radio (VoNR) as 5G will be based on new RF via millimeter wave propagation.
Regionally, North America is predicted to hold the dominant position in the global Vo5G market. By 2023, this regional market will touch the value of USD 29.1 billion. The Vo5G market in the APAC and European regions will also exhibit tremendous growth rates through 2023 – a 77.7% CAGR and a 69.3% CAGR, respectively.
The cutting-edge research study “Voice over 5G (Vo5G) Market: 5G Voice support for Smart Phones, Wearable Technology, IoT, Virtual Reality, Robotics, and Teleoperation 2018 – 2023” elaborated by Mind Commerce provides a comprehensive evaluation of the Vo5G market covering technologies, companies, solutions, and strategies. It gives a detailed assessment of the market potential and presents an all-round outlook for numerous Vo5G supported services and applications comprising enhancements to the existing solutions along with completely novel user experiences. Moreover, the report evaluates how 5G will support different next-generation immersive services and apps. Besides, this study provides access to detailed forecasts through 2023 for the Vo5G market featuring all major application, equipment, and industry segments.
More in-demand research reports by this publisher can be found in the Mind Commerce catalogue at MarketPublishers.com.