VoLTE Technology Companies
VoLTE (Voice over Long-Term Evolution) technology companies focus on providing high-quality voice communication over 4G LTE networks.
VoLTE (Voice over Long-Term Evolution) technology companies focus on providing high-quality voice communication over 4G LTE networks.
Competitive Landscape of VoLTE (Voice over LTE) Technology Market
The Voice over LTE (VoLTE) market, where crisp calls dance on the vibrant tapestry of data. This melody of growth is fueled by the insatiable demand for crystal-clear voice calls, faster data speeds, and richer multimedia experiences on smartphones. This dynamic space houses established players and ambitious newcomers, all vying for a decibel-perfect slice of the VoLTE pie. Let's amplify the key factors shaping this captivating landscape.
Some of the VoLTE (Voice over LTE) Technology companies listed below:
Strategies Adopted by Players:
Factors for Market Share Analysis:
Latest Company Updates:
Nov. 09, 2023- Beeline Uzbekistan announced the completion of the commercial rollout of national voice-over-LTE (VoLTE) and video-over-LTE (ViLTE) on its website. The rollout of VoLTE and ViLTE across its entire 4G LTE mobile network will enable Beeline users to make VoLTE/ViLTE calls simply by adjusting their smartphone settings without any app., additional charges, or affecting mobile data usage quotas.
Oct.30, 2023- Bite Lietuva launched a Voice-over-Wi-Fi (VoWiFi) service in Lithuania, allowing customers to make calls using a Wi-Fi network where the mobile signal is unavailable or weak. Bite confirmed the service is available at no additional cost and will ensure better call quality.
Aug. 31, 2023- Telekom Romania Mobile Communications launched VoLTE service for pre-paid subscribers, building on the success of its post-paid offering. The technology promises HD voice calls and rapid call setup without extra charges. In Aug.2022, the company introduced VoLTE Service for pre-paid subscribers, offering HD voice call quality and near-instant call setup at no additional cost.
Jun. 09, 2023- Airtel Zambia introduced advanced VoLTE technology to deliver high-definition voice calls, setting a new standard for mobile communication in the country. With the launch of VoLTE, Airtel Zambia has significantly improved the quality of voice calls. This innovative feature brings crystal-clear HD voice calls to Airtel users, revolutionizing the way people communicate on their mobile devices in Zambia.
May 06, 2023- Cellular One, a provider of mobile technology and wireless communications, announced a partnership with Optiva to modernize its network and launch VoLTE services, offering enhanced coverage to its subscribers. 5G-ready BSS platform by Optiva enables network modernization and offers flexible plans and accelerated time to market.
VoLTE (Voice over LTE) Technology Market Size was valued at USD 3.0 Billion in 2022. The VoLTE (Voice over LTE) Technology market industry is projected to grow from USD 4.69 Billion in 2023 to USD 169.62 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 56.57%% during the forecast period (2023 - 2032). The rising need for better voice and video quality, fast internet, and the advantages of VoLTE are the key market drivers propelling the market's growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Growing technological advancements are surging the market growth
The pace of information transmission over a specified bandwidth in a particular system is known as spectral efficiency. VoLTE offers better spectral efficiency than traditional circuit-switched voice, accelerating the rollout of VoLTE services internationally. In 4G LTE networks, VoLTE improves the spectral efficiency of the transmitted voice. VoLTE technology developments, such as lowering bandwidth consumption, lowering the use of control channels, and increasing uplink coverage, optimize spectral efficiency. Therefore, the effect of increased spectral efficiency is noticeable and is anticipated to grow at a faster market CAGR.
Due to their quicker network speeds, mobile and cloud UC (Unified Communications) solutions are in higher demand from mobile organizations. To meet this demand, mobile network operators must invest in the LTE network's improvements, deploy UC applications via LTE, and provide end users with a better user experience. Businesses use mobile operators to supply improved network capabilities because end customers expect unified communications. As a result, the impact of rising mobile UC demand is substantial and is anticipated to expand at a healthy rate by 2022.
Due to the increased data transfer rate through the medium/channel, VoLTE has the advantage over 2G and 3G connections in that the call quality is better. To switch to VoLTE, use HD voice calls that provide a faster, more dependable, and overall richer experience. Such development is not possible without testing and monitoring tools that enable the development of fundamental network components and the networks over their full lifecycle.
VoLTE goes beyond simple 4G technology. The only standardized alternative for operator-provided voice services is IMS technology, as there is no CSFB of voice from 5G. The rollout of the 5G network over the following five years will support VoLTE launches and enable the introduction of Vo5G services. The GSMA estimates that 400 carriers will offer commercial VoLTE services by 2025. Thus, these factors are driving the VoLTE (Voice over LTE) Technology market revenue.
The VoLTE (Voice over LTE) Technology Market segmentation is based on Device Tablets, Smartphones, Routers, Laptops, and Others. The highest market share in 2022 will belong to the smartphone segment, accounting for more than 70% of all sales. This is a result of carriers and smartphone makers increasingly implementing VoLTE. Compared to conventional voice-over IP (VoIP) services, VoLTE has various benefits, including better call quality, quicker call setup times, and the ability to access data services while on the phone.
Figure 1: VoLTE (Voice over LTE) Technology Market, by Device, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The VoLTE (Voice over LTE) Technology Market segmentation, based on Technology, includes Circuits Switch Fall Back (CSFB), Voice Over IP Multimedia Subsystems (VoIMS), Simultaneous Voice and LTE (SVLTE), and Single Radio Voice Call Continuity (SRVCC). With a market share of more than 60% in 2022, Circuits Switch Fall Back (CSFB) category will remain the leading segment. This is because CSFB, a backward-compatible technology, enables the usage of VoLTE even when the user is outside of a VoLTE coverage region. Through CSFB, VoLTE calls can be placed even when the user is outside a VoLTE coverage region. This is significant because not all places have VoLTE coverage yet.
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The biggest market for VoLTE in 2022 will be North America. This is due to the region's early adoption of VoLTE technology and the widespread use of smartphones and LTE networks. With more than 90% of devices in the region supporting VoLTE, North America has the most developed VoLTE market. Carriers in the area are making significant investments in VoLTE infrastructure and are providing plans and products that support it.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: VoLTE (Voice over LTE) Technology Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe VoLTE (Voice over LTE) Technology market notes for the second-largest market. Some of the most cutting-edge mobile networks in the world are found in this region. The area's carriers are investing in VoLTE infrastructure and providing devices and plans that support it.
The Asia-Pacific VoLTE (Voice over LTE) Technology Market will likely grow at the quickest CAGR. Some of the biggest mobile markets in the world, including India and China, are found in this area. VoLTE technology is quickly embraced in these markets due to the rising demand for high-quality voice and video connections. Additionally, the industry is developing due to the rising demand for mobile data and the popularity of over-the-top (OTT) services like Skype and WhatsApp. Moreover, China’s VoLTE (Voice over LTE) Technology market held the key market share, and the Indian VoLTE (Voice over LTE) Technology market was the fastest-growing market in this region.
Leading market players are Offering VoLTE services and solutions to telecom operators, network equipment suppliers, and device makers; several significant competitors are contending for market dominance. Market participants are taking market developments to set themselves apart from the competition through ongoing innovation, collaborations, and the capacity to change to meet changing consumer and market demands. In the VoLTE (Voice over LTE) Technology industry, a few key players dominate the extremely competitive market.
They are expanding their presence to stay and increase their market share in the global VoLTE (Voice over LTE) Technology industry. Major players in the VoLTE (Voice over LTE) Technology market include AT&T Inc. (U.S.), LG Uplus Corporation (South Korea), Nokia Corporation (Finland), Ericsson (Sweden), Verizon Wireless (U.S.), Alcatel-Lucent (France), KT Corporation (South Korea), Rogers Communication (Canada), Huawei Technologies Co. Ltd. (China), SK Telecom Co. Ltd. (South Korea), Mitel Networks Corporation (Canada), MetroPCS Communications (U.S.), Aptilo Networks (Sweden).
In Shenzhen, Guangdong, Huawei Technologies Co., Ltd. is a global Chinese firm manufacturing networking and telecommunications products and services. Carriers in more than 170 countries and regions employ Huawei's VoLTE products and services. A significant component of Huawei's 4G LTE portfolio is its VoLTE technology. Huawei is dedicated to offering carriers the best VoLTE solutions to satisfy their customers' expectations. Huawei is a leading provider of 4G LTE solutions, renowned for its goods and services with excellent quality, dependability, and scalability.
AT&T Inc. is a multinational American telecommunications holding corporation headquartered in Dallas, Texas. VoLTE service was originally introduced by AT&T in 2014, and it is now accessible in most of its 4G LTE coverage zones. The IP Multimedia Subsystem (IMS) is used by AT&T's VoLTE service to transmit voice calls over its 4G LTE network. As a result, AT&T can provide several advantages over standard voice calls. Numerous gadgets, including tablets, smartphones, and wearables, support AT&T's VoLTE service. You must have a VoLTE-capable handset and be in an area covered by AT&T's 4G LTE network to use VoLTE.
AT&T Inc. (U.S.)
LG Uplus Corporation (South Korea)
Nokia Corporation (Finland)
Ericsson (Sweden)
Verizon Wireless (U.S.)
Alcatel-Lucent (France)
KT Corporation (South Korea)
Rogers Communication (Canada)
Huawei Technologies Co. Ltd. (China)
SK Telecom Co. Ltd. (South Korea)
Mitel Networks Corporation (Canada)
MetroPCS Communications (U.S.)
Aptilo Networks (Sweden)
June 2022: The Biden administration declared it would provide loans and grants totaling more than USD 400 million to support high-speed internet efforts in rural areas. The money is estimated to help 31,000 people and businesses across 11 states.
June 2022: Pixel phones can roam across several networks using VoLTE. By making supported VoLTE roaming available on Pixel smartphones, Google hopes to allay any connectivity worries customers may experience as US carriers phase out their 3G networks.
May 2022: Reliance Jio has started testing the interoperability of 4G VoLTE and 5G VoNR to increase its capabilities. The company's improved 4G VoLTE network now contains a 5G core. The company can test this now that 5G VoNR and 4G VoLTE can coexist.
Tablets
Smartphones
Routers
Laptops
Others
Circuits Switch Fall Back (CSFB)
Voice Over IP Multimedia Subsystems (VoIMS)
Simultaneous Voice and LTE (SVLTE)
Single Radio Voice Call Continuity (SRVCC)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
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