Dubai, UAE -- (ReleaseWire) -- 04/17/2018 --SNS Telecom & IT's latest research report indicates that by 2021, VoLTE (Voice over LTE) subscriptions will account for more than $280 Billion in annual service revenue.
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.
First deployed by South Korean operators in 2012, VoLTE is continuing to gain momentum globally. As of Q2'2018, more than 140 mobile operators have commercially launched VoLTE services, and several roaming and interoperability agreements are already in place.
SNS Telecom & IT 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.
The "VoLTE (Voice over LTE) Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts" report presents an in-depth assessment of the VoLTE ecosystem including market drivers, challenges, enabling technologies, applications, key trends, standardization, regulatory landscape, mobile operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for VoLTE-capable device shipments, subscriptions, service revenue and infrastructure investments from 2018 till 2030. The forecasts cover 14 submarkets and 6 regions.
The report will be of value to current and future potential investors into the VoLTE ecosystem, as well as mobile operators, VoLTE solution providers, mobile device OEMs and enabling technology providers who wish to broaden their knowledge of the ecosystem.
The key findings of the report include:
- By 2021, SNS Telecom & IT estimates that VoLTE subscriptions will account for over $280 Billion in annual service revenue, as mobile operators remain committed to VoLTE as the long-term solution to secure a fully native IP-based telephony experience.
- Besides smartphones, VoLTE technology is increasingly being integrated into other devices including feature phones, IoT modules and wearables such as smartwatches.
- In certain technically advanced markets, mobile operators have already begun the process of switching off their legacy circuit switched 2G and 3G networks, as voice traffic transitions to VoLTE networks.
- Nearly all VoLTE operators are integrating their VoLTE services with Wi-Fi calling in a bid to offer voice services in areas where their licensed spectrum coverage is limited.
- The VoLTE infrastructure vendor arena is continuing to consolidate with several prominent M&A deals such as the merger of Sonus Networks and GENBAND to form Ribbon Communications, Cisco's acquisition of BroadSoft, and Metaswitch Networks' acquisition of OpenCloud to offer a pure-play software VoLTE solution.
For further information concerning the SNS Telecom & IT publication " The VoLTE (Voice over LTE) Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts" please visit: http://www.snstelecom.com/volte
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About SNS Telecom & IT
Part of the SNS Worldwide group, SNS Telecom & IT is a global market intelligence and consulting firm with a primary focus on the telecommunications and information technology industries. Developed by in-house subject matter experts, our market intelligence and research reports provide unique insights on both established and emerging technologies. Our areas of coverage include but are not limited to wireless networks, 5G, LTE, SDN (Software Defined Networking), NFV (Network Functions Virtualization), IoT (Internet of Things), critical communications, big data, smart cities, smart homes, consumer electronics, wearable technologies, and vertical applications.
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