VoLTE market to double by 2019
The global VoLTE commercial networks deployment is growing at a CAGR of 36.03%. The market size has been calculated on the basis of the number of global VoLTE subscriptions along with the number of commercial networks deployed.
Some emerging trends in VoLTE market such as the integration of VoLTE and VoWi-Fi and increasing popularity of VoLTE services among enterprises have increased the adoption level of VoLTE services and opens up a new source of revenue for the market. Enterprises use VoLTE services for file sharing and video conferencing.
According to the report, the VoLTE market is driven by various factors such as an increase in the deployment of LTE networks, a rapid increase in the shipments of LTE-enabled handsets, and increasing demand for quality over voice services. In the developed countries, the shipments of LTE-enabled handsets are very high because of the early deployment of LTE networks. APAC emerges as a major promising market for VoLTE services.
The increasing percentage of voice-based services in the overall revenue has been taken into consideration to depict the significance of voice services for telecom operators. It also includes the increasing number of mobile VoIP subscribers versus VoLTE.
The following companies are the key players in the Global VoLTE market are AT&T, KT, LG Uplus, SK Telecom and T-Mobile US. Other Prominent Vendors in the market are A1 Telekom, Bell Mobility, Bharti Airtel, Bouygues Telecom, Celcom Axiata, DNA, DTAC, Kcell, KPN, Magyar Telecom, Mavenir Systems, Mobile TeleSystems, Mobitel, Netcom, Orange, Rogers Wireless, Saudi Telecom, SFR, Si.Mobil, Smart Communications, Swisscom, Tata DoCoMo, TDC, Telekom Austria, Telenor, Telstra, TELUS, Turkcell, VIPNet, and Vodafone.
Further, the report states that the market is also facing severe challenges that are responsible for hindering growth. In most parts of APAC and MEA, the roll-out of LTE is still going on or has not yet been announced because of the inadequate backhaul infrastructure and limited availability of devices.
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
