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Voice Over LTE (VoLTE) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global voice over LTE (VoLTE) market size reached US$ 5.61 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 143.77 Billion by 2027, exhibiting a growth rate (CAGR) of 67.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Technology, Device Type, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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 Figures

Figure 1: Global: Voice Over LTE Market: Major Drivers and Challenges
Figure 2: Global: Voice Over LTE Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Voice Over LTE Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Voice Over LTE Market: Breakup by Technology (in %), 2021
Figure 5: Global: Voice Over LTE Market: Breakup by Device Type (in %), 2021
Figure 6: Global: Voice Over LTE Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Voice Over LTE Market: Breakup by Region (in %), 2021
Figure 8: Global: Voice Over LTE (Voice Over IP Multimedia Subsystem (VoIMS)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Voice Over LTE (Voice Over IP Multimedia Subsystem (VoIMS)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Voice Over LTE (Circuit Switched Fall Back (CSFB)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Voice Over LTE (Circuit Switched Fall Back (CSFB)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Voice Over LTE (Dual Radio/Simultaneous Voice and LTE (SVLTE)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Voice Over LTE (Dual Radio/Simultaneous Voice and LTE (SVLTE)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Voice Over LTE (Voice Over LTE Via Generic Access Network (VOLGA)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Voice Over LTE (Voice Over LTE Via Generic Access Network (VOLGA)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Voice Over LTE (Single Radio Voice Call Continuity (SRVCC)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Voice Over LTE (Single Radio Voice Call Continuity (SRVCC)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Voice Over LTE (Smartphones) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Voice Over LTE (Smartphones) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Voice Over LTE (Routers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Voice Over LTE (Routers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Voice Over LTE (Wireless Modems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Voice Over LTE (Wireless Modems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Voice Over LTE (Other Device Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Voice Over LTE (Other Device Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Voice Over LTE (Corporate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Voice Over LTE (Corporate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Voice Over LTE (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Voice Over LTE (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Voice Over LTE (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Voice Over LTE (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Voice Over LTE Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Voice Over LTE Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Voice Over LTE Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Voice Over LTE Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Voice Over LTE Market Forecast: Breakup by Device Type (in Million US$), 2022-2027
Table 4: Global: Voice Over LTE Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Voice Over LTE Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Voice Over LTE Market: Competitive Structure
Table 7: Global: Voice Over LTE Market: Key Players


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