VoLTE to account for $120 billion in annual service revenue by 2020: Report

By March 15th, 2016 AT 7:52 PM

Voice over LTE or VoLTE services will account for nearly $120 billion in annual service revenue by 2020, as mobile operators remain committed to the technology as the long term solution to secure a fully native IP based telephony experience, according to SNS Research.

jio-VoLTE

The firm said that almost all VoLTE operators are committed to migrate existing mobile voice subscribers to LTE in order to re-farm their 2G and 3G spectrum. In India, Reliance Jio is aggressively banking on the VoLTE technology to offer voice service in the country. Bharti Airtel and Vodafone India are also planning to launch VoLTE-based services soon in collaboration with Finnish telecom gear maker Nokia.

VoLTE capable smartphone shipments will grow at a CAGR of 33% between 2015 and 2020, eventually accounting for over 950 Million unit shipments by the end of 2020, the study said.

As part of the wider NFV (Network Functions Virtualization) initiative, many vendors are integrating their virtualized VoLTE offerings with cloud platforms, SNS Research said.

First deployed by South Korean operators in 2012, VoLTE is beginning to gain momentum globally. As of Q3 2015, more than 20 operators have commercially launched VoLTE services and several roaming and interoperability agreements are already in place.

Read more on:

3
Leave a Reply

avatar
Photo and Image Files
 
 
 
1 Comment threads
2 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
2 Comment authors
Atheistbharat khanna Recent comment authors
newest oldest most voted
Atheist
Atheist

only if Freedom 251 has VoLTE else no… says Sudha Kar

bharat khanna
bharat khanna

Freedom251 is a crap phone, it does not have user replaceable battery 😛 😛

Atheist
Atheist

Hahahaha..

Recent Posts

Asus ROG Phone 2 With 120Hz Display and Snapdragon 855+ Launched for Rs 37,999

It is a big day today for Asus as the Taiwanese manufacturer has launched the Asus ROG Phone 2 in...

Vivo U10 Full Specifications and Design Leak One Day Ahead of Launch

Vivo is already done with the launch of its flagship-level phone of the fall season, the Vivo V17 Pro. Now,...

Airtel Rs 599 Prepaid Recharge Offers 2GB Daily Data for 84 Days and Rs 4 Lakh Insurance

Bharti Airtel today introduced a new prepaid plan of Rs 599 that offers benefits for a period of 84 days....