HD Voice Market Scope
Over the past couple of decades, the global telecommunication infrastructure has been increased robustly with respect to technological advancements in the telecommunication equipment. Thus, the demand for HD voice devices will grow over the forecasted period. In addition to this, HD (High Definition) Voice Service Providers have increased the adoption of Voice Over LTE (Volte) which provides Comparatively Better Quality and Speed over HD Voice. HD voice is a next-generation technology that offers comparatively higher voice quality for calls using both mobile and fixed networks. The primary restraint behind the business growth of HD voice in this market is volatile telecommunication standards and the lack of codec interoperability which leads to limit accessibility and connectivity of the devices. HD voice stands for high definition voice.
The market study is being classified, by Application (Video Conferencing , Audio Conferencing , Web Conferencing , Multimedia Conferencing , Audio Broadcast and Announcement Services) and major geographies with country level break-up. According to AMA, the Global HD Voice market is expected to see growth rate of 23.45% and may see market size of USD8329.41 Million by 2024.
The Players having a strong hold in the market are Telefonaktiebolaget, AT&T Inc., Orange S.A., Avaya, and Cisco Systems. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global HD Voice market throughout the predicted period.
Telefonaktiebolaget LM Ericsson (Sweden), AT&T Inc. (United States), Orange S.A. (France), Avaya (United States), Cisco Systems, Inc. (United States), Verizon Communications Inc. (United States), Polycom, Inc. (United States), Alcatel-Lucent S.A. (France), Deutsche Telekom AG (Germany) and Broadcom Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Dialogic Inc. (United States), Xconnect Trading Ltd (United Kingdom), Cellular South Inc. d.b.a (United States) and Interoute Communications Ltd (United Kingdom).
AdvanceMarketAnalytics has segmented the market of Global HD Voice market by Type, Application and Region.
On the basis of geography, the market of HD Voice has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North Amercia region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Platform, the sub-segment i.e. Mobile will boost the HD Voice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Enterprise User will boost the HD Voice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
Until May 28, 2019, Vietnam has exported USD 45 billion worth of mobile phones that were manufactured in the country during 2017. Between 2014 and 2016, the country also added nearly 1.5 million manufacturing jobs. Vietnam’s manufacturing sector is experiencing an industrial revolution of its own but to capture the next wave of growth, enabled by 5G and IoT, Ericsson is supporting the Government of Vietnam to help accelerate the adoption of Industry 4.0.
On 9th May 2019, Orange Digital Ventures has invested in an innovative Berlin-based fintech making strides in the European savings marketplace named 'Raisin'. Orange has joined the €100m Series D fundraising round of Raisin alongside existing investors Index Ventures, PayPal, Ribbit Capital and Thrive Capital. The new round allows Raisin, one of the fastest growing European start-ups, to expand its core service in at least two additional European markets this year and extend its line of investment products.
- Upsurging Adoption of Voice Over LTE (Volte) which provides Comparatively Better Quality and Speed over HD Voice
- Continuously Changing Voice over Internet Models which will Increase Profitability
- Increasing Smart Phone Industry as well as Telecommunication Infrastructure
- Growing Adoption of Telecommunication Advancements in Small and Medium Enterprises
- Minimum Infrastructural Development & Post Purchase Maintainance
- Continues Research and Developments in HD Voice Development
- Continues Business Developments from Over-the-Top (OTT) Players might Stagnate the Demand for HD Voice
- HD Voice Provides Limited Connectivity and Accessibility
- Lack of Universal Telecommunication Standards might Complicate Business Process
- Lack of Skilled Workforce and Infrastructural Development from Underdeveloped Regions
Key Target AudienceHD Voice Service Providers, HD Voice Upstream and Downstream Buyers, Telecommunication Industry Associations, Government Agencies, Research and Development Institutes, Financial Institutes and Others
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