HD voice is characterized as a next-generation technology that provides better voice quality for fixed & mobile networks. It provides uninterrupted & clear communication over the voice calls and has more than double width of the sound spectrum, ranging between 50 HZ to 7 KHZ. HD voice transforms the voice communication & collaboration by bringing the high-fidelity to smart-phones like telephones, to create a richer and more natural experience which in turn is growing the adoption of VoLTE across various sectors. This is a prime factor estimated to drive the growth of the global HD voice market. Additionally, some other benefits of HD voice include one-way or two-way video calls (like video calls over Wi-Fi), simultaneous voice & 4G LTE data, six-way conference calls, Wi-Fi Calling, and others.
As per analysis, “Global HD Voice Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global HD voice market include Broadcom Corporation, Cisco Systems, Verizon Communications, Orange, Alcatel-Lucent, Dialogic, Polycom, Xconnect, Interoute, Avaya, Interoute, AT&T, Deutsche Telekom, Cspire and among others.
Based on type, HD voice market is segmented as broadband, mobile and others. Broadband access segment dominates the global market owing to its benefits over voice calls. Mobile access segment is anticipated to witness higher growth rate due to adopt innovative technology promptly by replacing their mobile devices on the regular basis during the forecast period. Therefore, high defamation voice demand is likely to rise with the accessibility of mobile networks. In addition, based on application, market is segmented as audio conferencing, multimedia conferencing, video conferencing, web conferencing, announcement services and audio broadcast.
The HD voice market is driven by growth in popularity of soft-phone technology, followed by increase in support of WebRTC by different web browsers, evidently changing voice usage models and growth in adoption of Voice over LTE (Volte). However, limited accessibility & connectivity and explosive growth of Over-the-Top (OTT) players may impact the market. Additionally, continues Research & Developments (R&D) in HD voice development and minimum infrastructural development & post purchase maintenance are leading opportunities for market. Moreover, Continuously Changing Voice over Internet Models is a key trend for market. Furthermore, lack of skilled workforce & infrastructural development and lack of universal telecommunication standards are major challenges for market.
Based on regional analysis, the North-America is a leading region in global HD voice market owing to rise in demand for 5G-enabled smart-phones, growth in electronic industry coupled with rise in need for technical revolution in the telecom sector across the region. The Europe region is second largest market in global market due to increase in acquisition activities and presence of prominent market players in the region. The Asia-Pacific region is expected to exhibit substantial growth rate because of growth in number of initiatives taken by the Indian government for digitalization and growth in Internet-of-Things (IoT) industry over the forecast period. It is predicted that future of the global HD voice market will be bright as a result of rise in demand for better connectivity during the forecast period.
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Ankur Gupta, Head Marketing & Communications