Home > > Global Voice Over LTE Market Report
The Voice Over LTE market was valued at $1,760.0 Million in 2020, and is projected to reach $3,263.7 Million by 2029 growing at a CAGR of 7.15% from 2021 to 2029. Voice over Long-Term Evolution (VoLTE) is a type of technology that enables voice calls to be made over a Long-Term Evolution (LTE) wireless network. VoLTE allows for high-definition (HD) voice calls and faster call setup times, as well as the ability to use voice and data services simultaneously. One major trend in the VoLTE market is the increasing adoption of 4G and 5G wireless technologies. With the deployment of 4G and 5G networks around the world, there is a trend towards the use of VoLTE to support voice calls on these networks. This trend is being driven by the improved performance and capabilities of 4G and 5G networks, as well as the increasing demand for high-definition voice calls. Another trend in the VoLTE market is the increasing focus on virtualization and network functions virtualization (NFV). With the use of virtualization technologies, network operators are able to more easily deploy and manage VoLTE networks, as well as scale them up or down as needed. This trend is being driven by the benefits of virtualization, such as reduced costs and increased agility. There are also a number of regulatory and policy changes that are affecting the VoLTE market. For example, governments around the world are implementing measures to ensure the availability and quality of wireless services and to promote the deployment of advanced wireless technologies. These regulations can have a significant impact on the way VoLTE is developed and used.