Zion Market Research

HD Voice Market to Witness Double Digit CAGR by 2024

Zion Market Research, the market research group announced the analysis report titled "HD Voice Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"

 

Sarasota, FL -- (SBWIRE) -- 10/09/2017 -- Global HD Voice Market: Overview

HD voice is also known by the other name, wideband audio. It possesses high definition voice quality for telephonic calls. The frequency range which is transmitted over telephone lines is in high range resulting excellent quality voice. HD voice is dominant over plain old telephone service (POTS) owing to rapid technological evolution. Hence, it is also referred as next-generation technology. The frequency range of the human voice is in range between 80 Hz and 14 kHz. Wideband allows the audio frequency in the range of 50 Hz to 7 kHz or higher. HD voice is accompanied with VoIP systems for better voice quality at lower bandwidth. New technologies are introducing more advanced video, screen sharing, and voice provision to enhance communication experience.

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Global HD Voice Market: Segmentation

The global HD voice market is categorized on the basis of user type as consumer and enterprise users. Based on application, the global market is divided into announcement services, audio conferencing, multimedia conferencing, audio broadcast, video conferencing, and web conferencing. Based on access type, the global market is fragmented as broadband and mobile.

Global HD Voice Market: Growth Factors

Many companies focus on the introduction of HD code technology in order to remain competitive in the global market. This is expected to boost the global market growth in the near future. In addition, customer inclination towards VoIP technology in electronics products is expected to fuel the market in future. Limited accessibility, lack of codec interoperability, and connectivity of the devices are major restraining factors of the global HD voice market. Over-The-Top (OTT) providing vendors drive the global HD voice market for VoIP technology.

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Global HD Voice Market: Regional Analysis

Geographically, the global HD voice market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is the leading region in the market owing to growing industrial development in this region. In addition, developing electronics industries further positively impact the global market growth. Europe is followed by the North America, which is developing at a faster pace. Increasing demand for VoIP systems in electronics products is anticipated to fuel the global market. Asia Pacific is another emerging economy which is also expected to witness considerable growth owing to increasing disposal income and rising purchasing power of the people in this region.

Global HD Voice Market: Competitive Players

Major players in the global HD voice market are Verizon Communications, Alcatel-Lucent, Deutsche Telekom Ag, Avaya, Inc., Polycom, Orange AG, Broadcom Corporation, Aastra, and Cisco Systems, Inc. Other key players in the global market include Polycom, Inc., Snom, AT &T, and Ericsson. Many companies adopt new strategies to enhance the company growth through technology launch.

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For example, AT&T Mobility announced to launch HD Voice services which will be dominating over LTE technology. In addition, the company said that the Samsung Galaxy S4 mini will be the first phone to use this technology and further they will expand the service to additional devices in the future.

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