Business Industry Reports Global VoLTE (Voice over LTE) Ecosystem Market

Key Insights of Global VoLTE (Voice
over LTE) Ecosystem Market Covering
Prime Factors and Competitive
Outlook till 2030
BusinessIndustryReports have new report on “Global VoLTE (Voice over LTE)
Ecosystem Market 2018-2022”. The report provides the newest industry data
and industry future trends. The industry report lists the leading competitors
and provides the insights strategic industry Analysis of the key factors
influencing the market.
The VoLTE (Voice over LTE) technology allows a voice call to be placed over an LTE network,
enabling mobile operators to reduce reliance on legacy circuit-switched networks. Powered
by IMS (IP Multimedia Subsystem) architecture, VoLTE brings a host of benefits to operators
ranging from the ability to refarm legacy 2G and 3G spectrum to offering their subscribers a
differentiated service experience through capabilities such as HD voice and video telephony.
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BusinessindustryReports estimates that VoLTE service revenue will grow at a CAGR of
approximately 30% between 2018 and 2021. By the end of 2021, VoLTE subscriptions will
account for more than $280 Billion in annual service revenue. Although traditional voice
services will constitute a major proportion of this figure, more than 16% of the revenue will
be driven by voice based IoT applications, video calling and supplementary services.
A voice over LTE is garnering more value due to its various features and technologies that
are used in the voice over LTE market. Advantages provided by VoLTE such as High