HD Voice Market Expected to Grow at a CAGR of 23% by 2019 - Report by MarketsandMarkets
(PRWEB) December 17, 2014 -- The research report "HD Voice Market by Application, by User Type - Forecasts to 2019" defines and segments the global market into various sub-segments with an in-depth analysis and forecasting of market sizes.
Browse 78 market data tables and 59 figures spread throughout 175 pages and an in-depth TOC on “High-Definition Voice Market”
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MarketsandMarkets broadly segments the global HD voice market by regions, by applications, by access type, by user type. HD voice provides superior and more natural voice call facilities on mobile and fixed terminal networks. According to the report, the increasing adoption of Voice over LTE (VoLTE), changing voice usage models and growing popularity of soft-phone technology are some of the major drivers for the HD voice market.
HD voice services are extensively accepted across the segments of enterprise user and consumer. In the current digital world, consumers expect a rich voice experience from their smartphones, tablets and desktop phones. Additionally, enterprise users expect HD voice to offer them rich communication in even the loud and noisy environments. According to the report, the biggest challenge for telecom operators today, is the fierce competition from OTT players and increasing investments for network adaptability.
According to the report, HD voice services have been mostly acknowledged by the enterprise users and consumers present in various industry verticals. However, the adoption is still a challenge for numerous mobile operators who encounter the risk from OTT competitors. As a result, they seek to present HD voice in a more cost-effective manner. Moreover, the HD voice market is associated and settled with various big established players which have made it even more challenging for small and new players to venture into this market.
This report analyzes the ways in which the HD voice helps the consumers enhance the overall communication experience along with speech recognition technology. It also analyzes the growth rate and implementation of these services across various user segment and regions.
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