The increase in the use of high-speed internet is expected to drive the VoLTE market in the forecast period.
The global VoLTE market is expected to garner $34.8 billion by 2022, registering a CAGR of 50.1% during the period 2016 – 2022.
Among the different VoLTE technologies, Circuit-Switched Fall Back (CSFB) constitutes the highest market share owing to its wide acceptance globally, as the end-goal solution for offering voice services over LTE. Although, the technology requires specific modifications in the hardware infrastructure and utilizes multiple data transition elements, it remains the utmost cost-effective solution for voice provision in LTE. On the other hand, voice Over LTE Via Generic Access Network (VOLGA) is likely to be the fastest growing technology, as for all the operators grappling with approaches for VoLTE, VOLGA offers short-term service acceleration as well as long-term investment protection, which are designed to deliver profitable telephony services.
Asia-Pacific is expected to be the largest VoLTE market during the forecast period on account of the early roll out of VoLTE and VoLTE enabled devices by the operators in the developed countries in the region. Mobile operators around the world are progressively heading towards VoLTE owing to the increasing investments in Long Term Evolution (LTE) and IP Multimedia Subsystem (IMS).
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Profiling Key Players: AT&T Inc., Huawei Technologies Co. Ltd., Ericsson, and others.
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