Global Voice-over-5G (Vo5G) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Service Deployment;

Cloud-Based and On-Premise.

By End-User Industry;

IT & Telecommunication, Retail , BFSI, Transportation, Media & Entertainment, and Other.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn220322515 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Voice-over-5G (Vo5G) Market (USD Million), 2021 - 2031

In the year 2024, the Global Voice-over-5G (Vo5G) Market was valued at USD 25,710.39 million. The size of this market is expected to increase to USD 1,726,961.18 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 82.4%.

The Global Voice-over-5G (Vo5G) Market is poised for significant growth and transformation as the telecommunications industry ushers in the era of 5G technology. Voice-over-5G (Vo5G) represents a crucial component of the 5G ecosystem, promising enhanced voice communication capabilities over the ultra-fast and low-latency 5G networks. With the deployment of 5G infrastructure accelerating worldwide, the Vo5G market is witnessing a surge in demand driven by the need for high-quality voice services in conjunction with other data-intensive applications.

One of the key drivers propelling the Vo5G market is the unparalleled speed and reliability offered by 5G networks. With data transfer rates up to 100 times faster than 4G LTE networks and significantly reduced latency, Vo5G enables seamless and high-definition voice calls, video conferencing, and multimedia streaming experiences. Moreover, the advent of advanced technologies such as beamforming and network slicing further enhances the efficiency and reliability of Vo5G services, catering to the evolving communication needs of businesses and consumers alike.

The market for Voice-over-5G (Vo5G) is characterized by intense competition and a landscape dominated by major telecommunications equipment manufacturers, network operators, and technology providers. Companies such as Qualcomm Incorporated, Ericsson AB, Nokia Corporation, and Huawei Technologies Co., Ltd., among others, are investing heavily in research and development to innovate and deploy Vo5G solutions. Additionally, collaborations between telecom operators and technology vendors to pilot Vo5G trials and commercialize services are becoming increasingly common. As the global rollout of 5G networks accelerates, the Vo5G market is expected to witness robust growth, revolutionizing voice communication and paving the way for a new era of connectivity.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Service Deployment
    2. Market Snapshot, By End-User Industry
    3. Market Snapshot, By Region
  4. Global Voice-over-5G (Vo5G) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Faster Data Speeds
        2. Improved Call Quality
        3. Low Latency Communication
        4. Enhanced User Experience
        5. Network Efficiency Gains
      2. Restraints
        1. High Deployment Costs
        2. Infrastructure Limitations
        3. Spectrum Allocation Issues
        4. Compatibility Challenges
        5. Regulatory Uncertainties
      3. Opportunities
        1. Expanding Rural Connectivity
        2. Innovative Service Offerings
        3. Healthcare Advancements
        4. Remote Work Adoption
        5. Enhanced AR/VR
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. CompetitiveRivalry
  5. Market Segmentation
    1. Global Voice-over-5G (Vo5G) Market, By Service Deployment, 2021 - 2031 (USD Million)
      1. Cloud-Based
      2. On-Premise
    2. Global Voice-over-5G (Vo5G) Market, By End-User Industry, 2021 - 2031 (USD Million)
      1. IT & Telecommunication
      2. Retail
      3. BFSI
      4. Transportation
      5. Media & Entertainment
      6. Other
    3. Global Voice-over-5G (Vo5G) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Qualcomm Incorporated
      2. Ericsson AB
      3. Nokia Corporation
      4. Samsung Electronics Co., Ltd.
      5. Huawei Technologies Co., Ltd.
      6. ZTE Corporation
      7. Cisco Systems, Inc.
  7. Analyst Views
  8. Future Outlook of the Market