TechNavio Says the Global Voice Over LTE Market Will Boom to More than 900 Million Connections by 2018

LONDON--(BUSINESS WIRE)--

According to research firm TechNavio, the Global Voice Over LTE (VoLTE) Market is expected to witness exponential growth and post a CAGR of 142.62 percent from 2014-2018.

“The mobile telecom operator's voice revenues are declining as subscribers increasingly choose OTT VoIP services like Skype instead of regular circuit-switched services. However, VoLTE enables operators to stem the declining voice market share by offering high-end voice quality,” says Faisal Ghaus, Vice President of TechNavio.

“VoLTE will provide operators the opportunity to establish voice and video propositions that the OTT providers cannot match, with the provision of voicemail, roaming and interconnect services. It will also provide broader connectivity.”

VoLTE services are packet-based features, which have huge potential to propel growth of the entire Global Wireless Telecom Market, including IMS equipment, EPC, LTE-RAN equipment and communication service providers. In 2013, around 230 operators launched LTE network services in 84 countries.

The latest report from TechNavio offers a complete list of drivers and trends, as well as profiles of key leading vendors including AT&T, T-Mobile, Telefonica and SingTel, in order to provide a comprehensive snapshot of the present and future market scenario.

TechNavio currently has more than 3000 market research reports on a huge range of topics, including:

• Global Voice Over Mobile Broadband Market 2014-2018
• Global LTE Infrastructure Market 2014-2018
• Global LTE Smartphones Market 2014-2018

About TechNavio

TechNavio is a leading global technology research and advisory company.

Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.