Site icon MacTech.com

Mobile voice revenues to fall by $157 billion by 2023

New data from Juniper Research (www.juniperresearch.com) shows that operator-billed mobile voice revenues will fall from $354 billion in 2018 to $197 billion by 2023, an average annual decline of 10%.

The research identified 5G as critical for operators to slow declining voice revenues. It is expected that 5G connections will exceed 370 million by 2023; generating $88 billion in operator-billed revenues. This will be over 50% of the anticipated voice revenue loss. Juniper also argues that operators could generate additional revenue through support for new voice services powered by technologies such as Google’s Duplex.

In order to capitalize on revenue streams for emerging voice services, the research group advises that operators must adopt new ecosystems of converged technologies, including voice, messaging and digital assistants such as Alexa. It predicted that operators will facilitate this by supporting the CPaaS model, whereby central management of communication is offered via a single platform.

Juniper forecasts significant growth for OTT apps such as WhatsApp and Messenger. These apps are predicted to generate 15.7 trillion minutes of voice usage by 2023; equivalent to streaming 3.8 trillion music tracks. In response, Juniper urged operators to rollout voice technologies that offer superior benefits and are easily integrated into this CPaaS approach, such as VoLTE (Voice over LTE). 

“The OTT ecosystem is fragmented and, as a result, is unable to offer the same level of reach as operators,” says research author Sam Barker. “In order to maximize OTTs shortfall in this area, operators must adopt the CPaaS approach to win back traffic, thus minimizing future shortfall in revenues.”

Juniper forecasts that VoLTE users will exceed the OTT voice app users for the first time in 2020, a year earlier than previously anticipated.

Image courtesy of AccuSpeechMobile

Exit mobile version