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Global Voice over LTE Market to reach USD 86.3 billion by 2027.

Global Voice over LTE Market Size study, by Technology (Voice over IP multimedia subsystem, Circuit switched fallback, Dual radio or simultaneous voice and LTE) by Device type (Smartphones, Routers, Wireless modems, Other) and Regional Forecasts 2021-2027

Product Code: IACTII_48323731
Publish Date: 1-01-2021
Page: 200

Global Voice over LTE Market is valued approximately USD 3.7 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 56.75% over the forecast period 2021-2027. Voice over LTE (VoLTE) allows wireless providers to offer a new set of norms services known as Rich Communications Services. Video chat, data transfer, real-time speech recognition, video voicemail, and instant messaging are among the services available. To help continue IoT adoption, technology providers are expanding the use of VoLTE technology. Ericsson, for example, plans to expand the scope of voice over LTE by incorporating the platform into LTE-M deployments. IoT devices will be able to support both voice and data with this addition. VoLTE method is particularly well-suited to smartphones. It provides an incredible level of speed and bandwidth to the user. In recent years, five companies have collaborated to create 5G technology, including Samsung, Nokia, and Qualcomm. They are working to advance 5g technology, which would make the process simpler. Many businesses around the world have launched Voice over LTE services for their customers which has led the adoption of Voice over LTE across the forecast period. VoLTE market growth is expected to be fueled by faster call setup times due to lower latency and lower maintenance and operating costs. Operator adoption of VoLTE services is projected to drive growth in the Voice over LTE market throughout the forecast period. Globe Telecom of the Philippines announced in May 2020 the launch of its Voice Over LTE (VoLTE) service, as well as Voice Over WiFi (VoWiFi), with the goal of improving voice call experience for its customers, which will be a driving factor during the forecast period. However, the VoLTE market is expected to be hampered by a lack of carrier interoperability and a lack of VoLTE activated devices. Also, operators are extending networking networks with web real-time communication (WebRTC) and expanding indoor network coverage by offering VoWi-Fi services, creating a business opportunity.

Asia-Pacific will account for a large market share due to the region’s 370 million new phone users until 2025, and according to Ericsson, Asia-Pacific will maintain its dominant position in the number of Voice over LTE subscriptions in 2024. The number of subscription services in Asia-Pacific is 3480.08 million, with Europe coming in second with 949.81 million. Furthermore, many developed economies, such as South Korea, Japan, and Australia, are eager to be world leaders in 5G, with much emphasis placed on the potential of new technological innovations and network devices that can run on 5G networks. The rest of the world is more circumspect. In many developing countries, 4G will continue to reign supreme until the middle of the next decade, taking into account for 70% of linkages by 2025.

Major market player included in this report are:
AT&T Inc.
LG Uplus Corporation
Nokia Corporation
KT Corporation
Rogers Communications
Huawei Technologies Co. Ltd.
SK Telecom Co. Ltd

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
Voice over IP multimedia subsystem
Circuit switched fallback
Dual radio or simultaneous voice and LTE
By Device type:
Wireless modems
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Voice over LTE Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Voice over LTE Market, by Region, 2019-2027 (USD Billion)
1.2.2. Voice over LTE Market, by Technology,2019-2027 (USD Billion)
1.2.3. Voice over LTE Market, by Device type,2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Voice over LTE Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Voice over LTE Market Dynamics
3.1. Voice over LTE Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing IoT adoption Increasing support to both voice and data Lower maintenance cost
3.1.2. Market Challenges Lack of interoperability
3.1.3. Market Opportunities Expanding indoor network coverage
Chapter 4. Global Voice over LTE Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Voice over LTE Market, by Technology
5.1. Market Snapshot
5.2. Global Voice over LTE Market by Technology, Performance – Potential Analysis
5.3. Global Voice over LTE Market Estimates & Forecasts by Technology2018-2027 (USD Billion)
5.4. Voice over LTE Market, Sub Segment Analysis
5.4.1. Voice over IP multimedia subsystem
5.4.2. Circuit switched fallback
5.4.3. Dual radio or simultaneous voice and LTE
Chapter 6. Global Voice over LTE Market, by Device type
6.1. Market Snapshot
6.2. Global Voice over LTE Market by Device type, Performance – Potential Analysis
6.3. Global Voice over LTE Market Estimates & Forecasts by Device type2018-2027 (USD Billion)
6.4. Voice over LTE Market, Sub Segment Analysis
6.4.1. Smartphones
6.4.2. Routers
6.4.3. Wireless modems
6.4.4. Others
Chapter 7. Global Voice over LTE Market, Regional Analysis
7.1. Voice over LTE Market, Regional Market Snapshot
7.2. North America Voice over LTE Market
7.2.1. U.S.Voice over LTE Market Technology breakdown estimates & forecasts, 2018-2027 Device type breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Voice over LTE Market
7.3. Europe Voice over LTE Market Snapshot
7.3.1. U.K. Voice over LTE Market
7.3.2. Germany Voice over LTE Market
7.3.3. France Voice over LTE Market
7.3.4. Spain Voice over LTE Market
7.3.5. Italy Voice over LTE Market
7.3.6. Rest of EuropeVoice over LTE Market
7.4. Asia-PacificVoice over LTE Market Snapshot
7.4.1. China Voice over LTE Market
7.4.2. India Voice over LTE Market
7.4.3. JapanVoice over LTE Market
7.4.4. Australia Voice over LTE Market
7.4.5. South Korea Voice over LTE Market
7.4.6. Rest of Asia PacificVoice over LTE Market
7.5. Latin America Voice over LTE Market Snapshot
7.5.1. Brazil Voice over LTE Market
7.5.2. Mexico Voice over LTE Market
7.6. Rest of The World Voice over LTE Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. AT&T Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. LG Uplus Corporation
8.2.3. Nokia Corporation
8.2.4. Ericsson
8.2.5. Verizon
8.2.6. Alcatel-Lucent
8.2.7. KT Corporation
8.2.8. Rogers Communications
8.2.9. Huawei Technologies Co. Ltd.
8.2.10. SK Telecom Co. Ltd
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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