HD voice is transforming voice communication and collaboration by bringing high-fidelity to the smartphones such as telephones, creating a richer and more natural experience which in turn is increasing the adoption of VoLTE across various sectors. This is a major factor expected to drive the growth of the global HD voice market.
Businesses that operate globally are evidently changing voice usage models to increase clarity for more natural conversations, which in turn significantly boosts recognition and enhances the productivity of the business, which is also a factor that fuels the growth of the global HD voice market.
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Growing acceptance of softphone technology and support of WebRTC by diverse web browsers that offers capability to make calls from computer using a VoIP service, is in turn propelling the growth of the global HD voice market. For instance, Skype, iChat, and GoogleTalk are some of the more popular VoIP services used globally. However, rapid growth of over-the-top (OTT) players and lack of codec interoperability are some of the major factors that are expected to restraint the growth of the global HD voice market.
The additional benefits of HD voice include simultaneous voice and 4G LTE data, one-way or two-way video calls (including video calls over Wi-Fi), six-way conference calls, Wi-Fi Calling, and others. A HD voice call using G.722 can be delivered on the same amount of bandwidth as its digital public switched telephone network (POTS) equivalent of G.711 i.e. 64 Kbps. Therefore, the global HD voice market size is expected to grow at a significant rate during the forecast period.
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The global HD voice market is segmented based on access type, user type, application, and region. Based on access type, it is bifurcated into mobile access and broadband access. Based on user type, it is classified into enterprise user and consumer. Based on application, it is categorized into audio broadcast, web conferencing, video conferencing, audio conferencing, multimedia conferencing, and announcement services. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
This report provides the profiles of the key players in global HD voice market, which include AT&T Inc., Orange AG, Avaya, Inc., Polycom, Inc., Broadcom, Inc., CISCO Systems, Inc., Alcatel-Lucent S.A, Deutsche Telekom AG, Verizon Communication, Inc., and Telefonaktiebolaget LM Ericsson. These market players have implemented a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry.
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KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global HD voice market along with the current trends and future estimations to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the global HD voice industry.
- A quantitative analysis of the global HD voice market is provided to determine the market potential.
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