세계의 VoLTE(Voice Over LTE) 시장 예측 : 디바이스 유형별, 기술별, 용도별, 최종 사용자별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Voice Over LTE (VoLTE) Market is accounted for $27.5 billion in 2024 and is expected to reach $311.4 billion by 2030 growing at a CAGR of 49.8% during the forecast period. Voice Over LTE (VoLTE) is a telecommunications technology that allows voice calls to be sent over Long-Term Evolution (LTE) networks, which are primarily intended to provide high-speed data services. VoLTE employs packet-switched technology, which enables simultaneous voice and data transmission in contrast to conventional circuit-switched voice calls. Higher audio quality often referred to as HD voice and quicker call setup times are the outcomes. VoLTE optimizes network resources while supporting a number of cutting-edge capabilities, such as video calling and messaging. VoLTE, a vital part of the 5G transition, improves mobile connectivity overall by offering more dependable and clear voice services.

According to the General Services Administration (GSA) report, the low-band spectrum of 450 MHz, 600 MHz, and 700 MHz frequency ranges are appropriate for the efficient functioning of LTE networks.

Market Dynamics:

Driver:

High-Quality Voice Services

High-quality voice services provide clear, crisp audio during calls, considerably improving the user experience. A robust LTE network and sophisticated digital compression techniques are used in the Voice over LTE (VoLTE) market to attain this quality. VoLTE is preferred by customers over traditional services due to the need for better voice clarity. Telecom companies are forced to invest in VoLTE infrastructure as customers place a higher value on clear communication, which accelerates its uptake and solidifies its position as an essential part of contemporary mobile communication.

Restraint:

Interoperability Issues

Interoperability concerns can have a substantial impact on the Voice Over LTE (VoLTE) industry since they complicate seamless communication across different network operators. VoLTE adoption may be discouraged by incompatibilities that result in poor call quality and connectivity issues. Delays in reaching complete compatibility could impede market expansion and lower overall VoLTE service customer happiness as telecom carrier's work to address these issues. Thus, it hinders the growth of the market.

Opportunity:

Rising Smartphone Penetration

Rising smartphone penetration is a primary driver of the Voice over LTE (VoLTE) market, as more people have access to VoLTE-enabled handsets. Telecom providers are encouraged to extend their VoLTE networks as a result of this trend, which increases demand for high-quality voice services. VoLTE adoption is accelerated by the rise in smartphone usage as consumers place a higher value on seamless communication and the ability to use voice and data simultaneously. In addition to enhancing user experience, this change encourages competition and innovation in the telecom sector.

Threat:

Regulatory Challenges

Regulatory hurdles might stymie the Voice over LTE (VoLTE) business by resulting in variations in deployment and service standards. Operational expenses may also rise as a result of local regulations pertaining to spectrum allocation and data privacy. VoLTE service rollout may be slowed down by these issues, which would ultimately restrict users' access to high-quality voice communication and hinder market expansion.

Covid-19 Impact:

The COVID-19 pandemic accelerated the adoption of Voice over LTE (VoLTE) as remote work and online communication became essential. Increased reliance on mobile connectivity highlighted the need for high-quality voice services. Telecom operators expanded VoLTE networks to meet rising demand, improving call clarity and reliability. This shift has positioned VoLTE as a critical component of modern communication infrastructure.

The laptops segment is expected to be the largest during the forecast period

The laptops segment is expected to be the largest during the forecast period as the rise of mobile broadband and the integration of VoLTE capabilities in laptops, users can make calls over LTE networks, enhancing flexibility and productivity. This trend encourages telecom providers to enhance VoLTE services and coverage. Additionally, the demand for seamless connectivity and collaboration tools in remote work environments boosts the adoption of VoLTE, shaping its future in the market.

The wearable devices segment is expected to have the highest CAGR during the forecast period

The wearable devices segment is expected to have the highest CAGR during the forecast period due to demand for seamless, on-the-go communication. With increased integration of VoLTE capabilities in smartwatches and fitness trackers, users can make calls directly from their devices without relying on smartphones. This enhances convenience and accessibility, promoting the adoption of VoLTE services. Additionally, wearables often utilize low-power LTE connections, encouraging telecom operators to optimize networks for efficient performance.

Region with largest share:

North America is projected to hold the largest market share during the forecast period because this technology enables consumers to receive phone and data services at the same time, which improves the overall experience. VoLTE coverage expansion by major telecom operators is increasing network efficiency and lowering operating costs. By putting North America at the forefront of next-generation communication technologies and strengthening competitive advantages in the telecom industry, the move to VoLTE also makes the transition to 5G easier.

Region with highest CAGR:

Asia Pacific is projected to witness the highest CAGR over the forecast period as this technology enhances user experience, supports simultaneous voice and data services, and reduces network congestion. Increased smartphone adoption and 4G infrastructure investments drive growth. Major telecom operators are rapidly deploying VoLTE, leading to improved service quality and efficiency. As demand for seamless connectivity rises, VoLTE is set to play a crucial role in the region's digital landscape.

Key players in the market

Some of the key players in Voice Over LTE (VoLTE) Market include Apple Inc., AT&T Inc., Bharti Airtel Ltd., China Mobile Ltd., Cisco Systems, Inc., Deutsche Telekom AG, Ericsson, Huawei Technologies Co., Ltd., Nokia, NTT Docomo, Inc., OnePlus, Oppo, Orange S.A., Samsung Electronics Co.,Ltd., SK Telecom Co.,Ltd., T-Mobile US, Inc., Verizon Communications Inc., Vodafone Group Plc, Xiaomi Corporation and ZTE Corporation.

Key Developments:

In October 2024, Samsung Electronics teams up with F45 Training to become the first functional training franchise delivering science-backed workouts on Samsung TVs.

In June 2023, Nokia launched ultra-performance AirScale baseband and brings the power of Artificial Intelligence to mobile networks.

In June 2023, Nokia and Red Hat announced partnership for new best-in-class telecommunications solutions based on Red Hat infrastructure platforms and Nokia's core network applications.

Device Types Covered:

• Smartphones
• Tablets
• Laptops
• Routers & Dongles
• Wearable Devices

Technologies Covered:

• Circuit Switched Fall Back (CSFB)
• VoLTE with IP Multimedia Subsystem (IMS)
• Simultaneous Voice and LTE (SVLTE)
• Voice over Wi-Fi (VoWiFi)

Applications Covered:

• Call Services
• Data Services
• Multimedia and Entertainment
• Other Applications

End Users Covered:

• Consumers
• Enterprises
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Voice Over LTE (VoLTE) Market, By Device Type

• 5.1 Introduction
• 5.2 Smartphones
  • 5.2.1 4G-enabled
  • 5.2.2 5G-enabled
• 5.3 Tablets
• 5.4 Laptops
• 5.5 Routers & Dongles
• 5.6 Wearable Devices

6 Global Voice Over LTE (VoLTE) Market, By Technology

• 6.1 Introduction
• 6.2 Circuit Switched Fall Back (CSFB)
• 6.3 VoLTE with IP Multimedia Subsystem (IMS)
• 6.4 Simultaneous Voice and LTE (SVLTE)
• 6.5 Voice over Wi-Fi (VoWiFi)

7 Global Voice Over LTE (VoLTE) Market, By Application

• 7.1 Introduction
• 7.2 Call Services
  • 7.2.1 HD Voice Calling
  • 7.2.2 Video Calling
• 7.3 Data Services
• 7.4 Multimedia and Entertainment
  • 7.4.1 OTT Streaming
  • 7.4.2 Video Conferencing
• 7.5 Other Applications

8 Global Voice Over LTE (VoLTE) Market, By End User

• 8.1 Introduction
• 8.2 Consumers
• 8.3 Enterprises
  • 8.3.1 Banking, Financial Services, and Insurance (BFSI)
  • 8.3.2 Healthcare
  • 8.3.3 Government and Public Sector
  • 8.3.4 IT and Telecommunications
  • 8.3.5 Retail
• 8.4 Other End Users

9 Global Voice Over LTE (VoLTE) Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Apple Inc.
• 11.2 AT&T Inc.
• 11.3 Bharti Airtel Ltd.
• 11.4 China Mobile Ltd.
• 11.5 Cisco Systems, Inc.
• 11.6 Deutsche Telekom AG
• 11.7 Ericsson
• 11.8 Huawei Technologies Co., Ltd.
• 11.9 Nokia
• 11.10 NTT Docomo, Inc.
• 11.11 OnePlus
• 11.12 Oppo
• 11.13 Orange S.A.
• 11.14 Samsung Electronics Co., Ltd.
• 11.15 SK Telecom Co., Ltd.
• 11.16 T-Mobile US, Inc.
• 11.17 Verizon Communications Inc.
• 11.18 Vodafone Group Plc
• 11.19 Xiaomi Corporation
• 11.20 ZTE Corporation