Global VoLTE Market is Expected to Garner $34.8 Billion by 2022, says Allied Market Research

Global VoLTE Market is Expected to Garner $34.8 Billion by 2022, says Allied Market Research Image Credit: Swisscom

The world Voice over Long Term Evolution (VoLTE) market is likely to generate revenue of $34.8 billion by 2022, growing at a CAGR of 50.1% from 2016 to 2022, according to a new research report by Allied Market Research(AMR).

AMR said that VoLTE deployments are growing at an exponential rate worldwide, with developed countries taking the lead. In 2015, Asia-Pacific generated the highest revenue, followed by North America. Even from a growth perspective, Asia-Pacific would be one of the most lucrative markets, on account of the increasing investments in the technology by the mobile operators, to capture the large subscriber base in developed as well as emerging countries in the region, it added. 

The market research firm said that 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.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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