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

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

Report Format: PDF+Excel | Report ID: SR112023A6163
Buy Now

Market Overview:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
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)

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Voice Over LTE (VoLTE) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Clients Testimonial

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More