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Global VoLTE (Voice over LTE) Technology Market Size, Status and Forecast 2020-2023

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Chaitali Mahajan
Global VoLTE (Voice over LTE) Technology Market Size, Status and Forecast 2020-2023

A new market study, titled “Global VoLTE (Voice over LTE) Technology Market Size, Status and Forecast 2020-2023” has been featured on Market Research Future. The statistical report provides a wide-ranging research on the key players and in-depth insights which includes the competitiveness of the trending players. Predictable revenue growth in terms of volume with respect to the VoLTE (Voice over LTE) Technology market for the upcoming years has been mentioned in depth. Market experiences an exponential growth by 2020, registering a fabulous CAGR during forecast period.

VoLTE or Voice over Long Term Evolution refers to a digital voice service, delivered over IP via an LTE access network and utilizing IMS technology.  Many organizations implement VoLTE for the monetary & operational benefits it offers. Providing a more efficient use of spectrum than traditional voice; VoLTE successfully meets the rising demand for enhanced and more reliable services. Well-established players having a strong presence in the international and regional market adorn the global VoLTE market as highly competitive and fragmented.

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Key players operating in the market are fervent to invest heavily which will transform the consumer and business landscape in the future.

Key Players: Verizon Wireless (US), AT&T Inc. (US), Nokia Corporation (Finland), Ericsson (Sweden), Alcatel-Lucent (France), KT Corporation (South Korea), Rogers Communication (Canada), SK Telecom Co. Ltd. (South Korea), Huawei Technologies Co. Ltd. (China) and LG Uplus Corporation (South Korea).

Global VoLTE Technology Market   - Segments

By Device:

  • Tablets/Laptops
  • Smartphones
  • Routers
  • Wireless

By Technology: 

  • VoIMS (Voice over IP Multimedia Subsystems)
  • CSFB (Circuit Switch Fall Back)
  • SRVCC (Single Radio Voice Call Continuity
  • SVLTE (Simultaneous Voice & LTE)

The evolution of 4G LTE network has impacted the market growth positively. Growing demand for efficient voice call services in telecommunication sectors has fostered the market growth to an extent. Increasing adoption of video conferencing and instant file transmission services by enterprises provides impetus to the market growth of VoLTE.

Geographically, regions such as North America, Europe, Asia-Pacific (APAC), Middle East & Africa and Latin America can be segmented on the basis of the global VoLTE (Voice over LTE) Technology market. North America region dominates the market with the largest share owing to the highest per capita in the region that is improving consumers’ lifestyle, enhancing their affordability. Also, the presence of prominent market players in the region and the investments put in by them in R&D activities, in turn, foster the market growth to an extent.

FOR MORE DETAILS – https://www.marketresearchfuture.com/reports/volte-technology-market-1402

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