The increased availability, coverage and power of LTE (News - Alert) networks have done more than just facilitate data delivery for mobile device users. Voice over Internet Protocol (VoIP) phone systems are able to translate traditional analog phone signals into highly efficient data packets, which use much lower bandwidth and as a result are able to reduce the cost of making a phone call. When the two technologies are combined, Voice over LTE (VoLTE) phone systems allow unprecedented support for VoIP and mobile VoIP phone networks, and according to Admire Moyo of IT Web Business, VoLTE is one of the leading contributors to the VoIP market.
Already in the first quarter of 2014, worldwide service provider VoIP and IMS equipment revenue reached $922 million in revenue, according to a report from Infonetics (News - Alert) Research. This represents an increase of 37 percent from the same period in 2013.
One of the key reasons why VoLTE is such a benefit for the VoIP market is because it facilitates mobile VoIP technology. One of the main criticisms of VoIP phone systems in the past was the fact that they simply could not deliver the same quality of voice as traditional phone systems could, largely due to the slower Internet speeds of the past. Now that Internet speeds have increased so substantially in so little time, VoIP is an excellent solution for both business and residential phone systems.
However, mobile Internet technology is still rather patchy, and mobile VoIP suffers from many of the same problems. Thankfully, increasingly powerful LTE networks seem to be closing the gap in many of the same ways that faster broadband Internet revolutionized non-mobile VoIP phone systems.Mobile VoIP offers consumers a new way to use mobile phones, where features like texting, calling and data can all be rolled into a single data plan as opposed to paying for all three as a separate service. This would mean much lower price points for customers, and the carriers that are able to provide this first will be at the forefront of a new surge of customers who want more phone service for less money.