DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ntqhjz/global_volte) has announced the addition of the "Global VoLTE Market 2014-2018" report to their offering.
The Global VoLTE market to grow at a CAGR of 7.81% over the period 2013-2018
VoLTE or Voice over Long Term Evolution is a technology that enables voice calls over an LTE network, as opposed to earlier voice calls in use over 2G and 3G networks. This is quite similar to voice over internet protocol (VoIP), used to support voice calls over a broadband connection. Unlike VoIP that sends voice over circuit-switched networks, VoLTE sends voice calls over IP-based LTE networks. It basically harnesses the excellent data capabilities of LTE with revenue generating traditional voice services on to the same LTE network.
One of the major trends is the telecom operators regaining control over the VoIP market, which was earlier dominated by OTT VoIP applications. During the forecast period, the demand for VoLTE will pick up pace in several countries, resulting in tremendous growth and a series of innovations, making VoLTE a commonplace application among consumers.
According to the report, one of the key market drivers is the increased demand for rich communication services. In recent years, the telecom industry has witnessed a surge in data-driven services that is likely to continue throughout the forecast period. Such services require higher bandwidth, greater speed, and better coverage. The leading telecom operators are progressively working in the direction of integrating these future deciding applications.
Further, the report states that one of the major challenges in the market is the lack of compatible mobile handsets and network upgradation. In recent years, wireless telecom services have taken a dramatic shift from conventional voice services to data-driven applications, taking voice as a default feature. The only way forward for telecom operators is to expedite the LTE network implementation in order to maintain high profit margins.
The Global VoLTE market provides a technical overview of VoLTE based on the following classifications:
- Alternative Solutions
- Extensible Rich Communications
- Alcatel Lucent
- Huawei Technologies
- LG Uplus
- Nokia Siemens Networks
- SK Telecom
- T Mobile
For more information visit http://www.researchandmarkets.com/research/ntqhjz/global_volte