London, 20 October 2014: According to research firm TechNavio, the Global Voice Over LTE (VoLTE) Market is expected to witness an exponential growth and post a CAGR of 142.62 percent from 2014-2018.
“The mobile telecom operator’s voice revenues are declining as subscribers increasingly choose OTT VoIP services like Skype instead of regular circuit-switched services. However, VoLTE enables operators to stem the declining voice market share by offering high-end voice quality,” says Faisal Ghaus, Vice President of TechNavio.
“VoLTE will provide operators the opportunity to establish voice and video propositions that the OTT providers cannot match, with the provision of voicemail, roaming and interconnect services. It will also provide broader connectivity.”
VoLTE services is a packet-based voice feature that has huge potential to propel the growth of the entire Global Wireless Telecom Market, including IMS equipment, EPC, LTE-RAN equipment and communication service providers. In 2013, around 230 operators launched LTE network services in 84 countries.
Some of the major vendors highlighted in the TechNavio report include AT&T, T-Mobile, Telefonica and SingTel.
The latest report by the tech-focused research firm offers a complete list of drivers and trends that are expected to drive the market from 2013-2018. TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
If you are interested in more information, please contact our media team at media@technavio.com.
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