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Voice Over LTE (VoLTE) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

January 2023 | 143 pages | ID: VFABFA9CC24DEN
IMARC Group

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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?
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
9.2 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
9.3 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
9.4 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
9.5 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

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

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


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