Voice over 5G (Vo5G) Market
By Service Deployment;
Cloud-Based and On-PremiseBy End-User Industry;
IT & Telecommunication, BFSI, Transportation, Digital Commerce and Media & EntertainmentBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Voice-over-5G (Vo5G) Market Overview
Voice-over-5G (Vo5G) Market (USD Million)
Voice-over-5G (Vo5G) Market was valued at USD 25,710.39 million in the year 2024. 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%.
Voice over 5G (Vo5G) Market
*Market size in USD million
CAGR 82.4 %
| Study Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 82.4 % | 
| Market Size (2024) | USD 25,710.39 Million | 
| Market Size (2031) | USD 1,726,961.18 Million | 
| Market Concentration | Low | 
| Report Pages | 371 | 
Major Players
- Qualcomm Incorporated
- Ericsson AB
- Nokia Corporation
- Samsung Electronics Co., Ltd.
- Huawei Technologies Co., Ltd.
- ZTE Corporation
- Cisco Systems, Inc.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Voice over 5G (Vo5G) Market
Fragmented - Highly competitive market without dominant players
The Voice-over-5G (Vo5G) Market is undergoing a rapid transformation as over 65% of telecom firms transition from older infrastructures to 5G-based voice delivery systems. This shift is being driven by the demand for high-performance, low-latency voice services made possible through next-gen packet-switched networks. With Vo5G enabling superior voice quality, it is unlocking new opportunities for telecom providers to streamline communications and deliver enhanced customer experiences.
Driving Forces of Innovation and Growth
More than 58% of voice technology providers have adopted Vo5G, thanks to innovations in 5G infrastructure and integration with advanced IP multimedia systems. These innovations are reshaping how voice services are delivered and consumed. The growing need for real-time, uninterrupted communication is fueling market growth, while technological advancements such as dynamic network slicing continue to redefine reliability and efficiency.
Collaborative Strategies Shaping the Market
Over 62% of telecom entities are pursuing collaborative strategies, including mergers, joint ventures, and strategic partnerships, to extend their Vo5G capabilities. These collaborations aim to enhance infrastructure, drive innovation, and improve end-user voice experiences. By working together, industry players are accelerating the expansion of voice services across 5G networks, creating a unified communication environment.
Vision for the Future of Vo5G
The Vo5G market is on track for robust expansion, with over 60% of telecom operators advancing their infrastructure to fully support 5G voice communication. Future growth will be powered by technological advancements like AI-driven routing and intelligent network resource management. These innovations ensure a future outlook marked by optimized performance, lower latency, and improved operational efficiency across communication services.
Voice-over-5G (Vo5G) Market Key Takeaways
-  Rapid Adoption of 5G Networks The widespread deployment of 5G infrastructure is expected to drive the growth of Voice-over-5G (Vo5G) services, offering enhanced voice quality and lower latency. 
-  Increased Demand for High-Quality Communication The demand for superior voice quality and reliability in critical applications like healthcare, manufacturing, and public safety is boosting the adoption of Vo5G technologies. 
-  Integration with IoT Devices Vo5G is becoming increasingly integrated with Internet of Things (IoT) devices, enabling seamless communication across a wide range of connected devices and applications. 
-  Improved Network Efficiency Vo5G enhances network efficiency by utilizing the advanced capabilities of 5G, such as higher bandwidth and improved security features, to provide better voice services. 
-  Collaborations and Partnerships Telecom companies are forging strategic partnerships with technology providers to offer integrated Vo5G solutions, facilitating faster service rollouts and broader network coverage. 
-  Focus on Low Latency Communication The low latency feature of Vo5G is enabling real-time, mission-critical communications for industries like autonomous vehicles and remote surgeries, further driving market growth. 
-  Market Growth in Emerging Regions The market for Vo5G is witnessing significant growth in emerging markets, especially in regions like Asia-Pacific, where 5G infrastructure is being rapidly expanded. 
Voice-over-5G (Vo5G) Market Recent Developments
-  In August 2025 the Voice over 5G (Vo5G) Market saw accelerated deployment of 5G-native voice communication services in major telecom networks, offering ultralow-latency call setup and enhanced voice quality over standalone 5G infrastructure. 
-  In April 2024 the Voice over 5G (Vo5G) Market witnessed rapid growth in enterprise and IoT voice applications leveraging 5G’s bandwidth and reliability for voice services beyond consumer mobile calls. 
Voice over 5G (Vo5G) Market Segment Analysis
In this report, the Voice over 5G (Vo5G) Market has been segmented by Service Deployment, End-User Industry and Geography.
Voice over 5G (Vo5G) Market, Segmentation by Service Deployment
The Service Deployment segmentation covers the primary hosting models for Vo5G platforms, reflecting how operators and vendors balance scalability, latency and control. Deployment choice influences integration with core network functions, interconnect strategies and the ability to offer differentiated voice SLAs. Providers are aligning product roadmaps with deployment models to optimise cost, resilience and time-to-market for new voice services.
Cloud-Based
Cloud-based Vo5G solutions prioritise elasticity, rapid provisioning and simplified upgrades. Operators and third-party platform providers use cloud-native architectures to deliver feature-rich voice services, enable global reach and speed innovation through CI/CD pipelines and microservice patterns. Strategic cloud partnerships also support multi-tenant service offerings and managed operations for enterprise customers.
On-Premise
On-premise deployments focus on data sovereignty, deterministic performance and tight integration with enterprise IT systems. Large enterprises and regulated industries adopt on-premise Vo5G to retain control over signalling, media paths and compliance obligations while leveraging operator-grade voice capabilities within private 5G networks.
Voice over 5G (Vo5G) Market, Segmentation by End-User Industry
The End-User Industry segmentation identifies verticals that will drive differentiated Vo5G use cases and commercial models. Each industry brings unique requirements for quality of service, security and integration with business workflows, shaping vendor offerings and go-to-market partnerships. Focused vertical strategies enable tailored SLAs, value-added services and developer ecosystems around voice capabilities.
IT & Telecommunication
IT & Telecommunication providers lead in integrating Vo5G with service provider portfolios, enabling advanced enterprise voice, network slicing for voice, and operator-managed PBX replacements. Collaboration among carriers, cloud providers and UCaaS vendors is central to delivering interoperable, carrier-grade voice experiences.
BFSI
BFSI requires secure, highly available voice services for customer authentication, contact center resilience and branch communications. Financial institutions often mandate enhanced encryption, call forensics and strict latency controls, driving specialised Vo5G solutions and compliance-oriented deployments.
Transportation
Transportation enterprises leverage Vo5G for driver and operations communications, emergency voice channels and in-vehicle services. Low-latency, highly reliable voice combined with 5G edge capabilities enables safety-critical voice applications and improved operational coordination.
Digital Commerce
Digital commerce and retail use Vo5G to enhance customer interactions, enable voice-driven commerce flows and improve contact center performance. Integration with omnichannel platforms and analytics supports personalised service and conversion optimisation.
Media & Entertainment
Media & entertainment organisations explore Vo5G for interactive live experiences, low-latency voice collaboration for remote production, and fan-engagement services. Partnerships between carriers and content platforms enable novel voice-enabled experiences over 5G networks.
Voice over 5G (Vo5G) Market, Segmentation by Geography
In this report, the Voice over 5G (Vo5G) Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America is a leading region for Vo5G trials and commercial rollouts, driven by advanced 5G coverage and strong operator-cloud vendor collaboration. The region emphasises enterprise-grade features, developer ecosystems and carrier partnerships to monetise enhanced voice services for both consumer and B2B segments.
Europe
Europe focuses on standards alignment, regulatory compliance and cross-border interoperability for Vo5G. Telecommunications vendors and operators collaborate on interoperable voice frameworks and edge deployments to support enterprise and public-sector voice applications across multiple countries.
Asia Pacific
The Asia Pacific region exhibits rapid adoption potential due to dense mobile populations and aggressive 5G rollouts. Carriers and digital service providers are exploring innovative Vo5G offers, often bundling voice with immersive and low-latency enterprise services to capture large addressable markets.
Middle East and Africa
Middle East and Africa are investing in 5G infrastructure and strategic vendor partnerships to enable Vo5G services in urban and industrial use cases. Governments and carriers are exploring private 5G and enterprise-focused deployments that prioritise reliability and secure voice communications.
Latin America
Latin America is advancing Vo5G adoption through operator trials, regional vendor alliances and an increasing shift toward cloud-native voice platforms. Focus areas include improving call quality, enabling enterprise mobility and building resilient voice services for digital commerce and customer support.
Voice over 5G (Vo5G) Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Voice-over-5G (Vo5G) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential | 
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development | 
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance | 
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances | 
Drivers:
- Faster Data Speeds
- Improved Call Quality
- Low Latency Communication
- Enhanced User Experience
-  Network Efficiency Gains : Network efficiency gains in the Global Voice-over-5G (Vo5G) market are pivotal to its growth and adoption. Vo5G leverages the advanced capabilities of 5G networks, which are designed to provide significantly higher data transfer rates and lower latency compared to previous generations. This results in a more efficient use of network resources, allowing operators to handle higher volumes of voice and data traffic without compromising quality. The enhanced efficiency of Vo5G networks enables better spectrum utilization, reducing congestion and improving the overall performance of mobile communication services. This efficiency is crucial for supporting a wide range of applications, from high-definition voice calls to seamless video conferencing, thereby enhancing the user experience. Another aspect of network efficiency gains in the Vo5G market is the integration of advanced technologies such as network slicing and edge computing. Network slicing allows operators to create multiple virtual networks within a single physical 5G infrastructure, each tailored to specific requirements of different services or user groups. This ensures that voice services receive the necessary bandwidth and priority, leading to improved reliability and reduced latency. Edge computing further boosts efficiency by processing data closer to the user, minimizing the distance that data must travel and reducing latency. These technologies collectively enable more efficient network management and resource allocation, ensuring that Vo5G services are consistently high-performing and responsive. Furthermore, the efficiency gains from Vo5G have significant implications for the broader telecommunications ecosystem. By optimizing network performance and reducing operational costs, service providers can offer more competitive pricing and innovative service packages to consumers. This can accelerate the adoption of Vo5G, driving growth in the market and encouraging further investment in 5G infrastructure. Additionally, the improved efficiency supports the proliferation of IoT devices and smart city applications, which rely on robust, low-latency communication networks. As a result, Vo5G not only enhances current voice communication services but also lays the groundwork for future technological advancements and applications, contributing to the overall evolution of the telecommunications industry. 
Restraints:
- High Deployment Costs
- Infrastructure Limitations
- Spectrum Allocation Issues
- Compatibility Challenges
-  Regulatory Uncertainties : Regulatory uncertainties present significant challenges in the Global Voice-over-5G (Vo5G) Market, affecting the pace and uniformity of 5G deployment worldwide. One of the primary concerns is the lack of standardized global regulations governing the use of 5G technologies. Different countries have varying approaches to spectrum allocation, licensing requirements, and safety standards, which can lead to fragmented market conditions. This fragmentation can hinder multinational corporations from developing uniform Vo5G strategies and technologies, slowing down the overall adoption and integration of Vo5G services. Additionally, the security and privacy regulations surrounding 5G networks are still evolving, adding another layer of complexity. Governments are increasingly concerned about the potential vulnerabilities that come with the enhanced capabilities of 5G networks. These concerns have led to stringent regulatory scrutiny and, in some cases, bans on equipment from certain manufacturers deemed to pose security risks. This regulatory landscape creates uncertainty for companies investing in Vo5G, as they must navigate a patchwork of security requirements and potential geopolitical tensions that can impact their operations and supply chains. Moreover, the regulatory environment is also shaped by the ongoing debates about net neutrality and data governance. As 5G networks are expected to handle unprecedented amounts of data with high efficiency, regulators are under pressure to ensure that these networks are managed in a fair and transparent manner. Decisions around data prioritization, usage policies, and fair access can significantly impact how Vo5G services are offered and priced. The uncertainty surrounding these regulatory decisions can deter investment and innovation in the Vo5G market, as companies may be hesitant to commit resources without clear guidelines and assurances from regulators. 
Opportunities:
- Expanding Rural Connectivity
- Innovative Service Offerings
- Healthcare Advancements
- Remote Work Adoption
-  Enhanced AR/VR : Enhanced Augmented Reality (AR) and Virtual Reality (VR) experiences are poised to undergo a paradigm shift with the advent of Global Voice-over-5G (Vo5G) technology. With 5G's ultra-low latency and high bandwidth capabilities, AR/VR applications will achieve unprecedented levels of realism, immersion, and interactivity. These advancements will revolutionize various industries, including gaming, entertainment, education, healthcare, and manufacturing. Imagine surgeons performing intricate procedures remotely using AR-assisted guidance or students exploring ancient civilizations through immersive VR field trips. Vo5G will unlock the full potential of AR/VR technologies by delivering seamless, high-fidelity experiences that were previously hindered by latency and bandwidth constraints. In the gaming and entertainment sectors, Vo5G-powered AR/VR experiences will offer unparalleled levels of immersion and interactivity. Gamers can enjoy lag-free multiplayer experiences with lifelike graphics and real-time interactions, blurring the lines between virtual and physical worlds. Content creators will leverage Vo5G's high-speed connectivity to deliver high-definition 3D videos and immersive VR concerts, enhancing audience engagement and revenue streams. Moreover, Vo5G's low latency will enable real-time streaming of AR content, allowing users to overlay digital information seamlessly onto their surroundings, whether for gaming, navigation, or advertising purposes. In the enterprise realm, Vo5G-enabled AR/VR applications will drive innovation and efficiency across various sectors. From remote training simulations for employees in hazardous environments to virtual product prototyping and design collaboration, organizations will harness the power of immersive technologies to streamline workflows and reduce costs. For example, architects and engineers can collaborate on construction projects in real-time using VR-enabled design reviews, while factory workers can receive hands-free AR instructions for complex assembly tasks. Enhanced AR/VR in the Vo5G era will redefine how businesses operate, communicate, and innovate, paving the way for a new era of digital transformation and productivity gains. 
Voice over 5G (Vo5G) Market Competitive Landscape Analysis
Voice over 5G (Vo5G) Market is witnessing intensifying competition among telecom operators, equipment providers, and regional technology firms. Nearly 62% of the market share is controlled by global leaders, while 38% is contributed by smaller innovators. This mix fosters innovation, advanced strategies, and cross-industry collaboration, driving consistent growth in next-generation communication services.
Market Structure and Concentration
The market reflects a semi-consolidated structure, with about 61% dominated by top telecom operators and vendors. Smaller firms account for 39%, focusing on niche services and regional deployment. Frequent merger actions and strategic partnerships expand service offerings and strengthen infrastructure. This balance ensures collaboration and long-term growth in 5G-enabled voice communication.
Brand and Channel Strategies
Around 65% of companies emphasize brand differentiation through network reliability, coverage, and service quality. Distribution relies on partnerships with device manufacturers, enterprises, and digital platforms. Nearly 36% of firms implement digital-first strategies to expand reach and adoption. These evolving models enable market expansion and reinforce sustained growth in consumer and enterprise segments.
Innovation Drivers and Technological Advancements
Close to 71% of firms focus on innovation in low-latency protocols, seamless roaming, and integration with IoT ecosystems. Technological advancements in network slicing, edge computing, and AI-driven analytics enhance performance. About 48% of companies engage in R&D collaboration with technology institutes. These efforts strengthen partnerships and accelerate growth in advanced communication networks.
Regional Momentum and Expansion
Asia-Pacific leads with nearly 45% of the market, supported by large-scale 5G rollouts and collaboration with telecom operators. North America contributes about 33%, focusing on early adoption and enterprise solutions. Europe accounts for 22%, emphasizing network integration and quality standards. Regional strategies combining industrial partnerships and infrastructure investment sustain growth.
Future Outlook
The future outlook emphasizes strong innovation, with nearly 64% of players investing in advanced voice protocols, AI-driven call management, and cloud-native solutions. Expanding collaboration and global partnerships will shape competitive positioning. Around 55% of forecasted growth will be fueled by technological advancements and regional expansion, ensuring long-term sustainability of the Vo5G market.
Key players in Voice-over-5G (Vo5G) Market include:
- Ericsson AB
- Nokia Corporation
- Huawei Technologies Co., Ltd.
- Samsung Electronics Co., Ltd.
- ZTE Corporation
- Qualcomm Technologies, Inc.
- AT&T Inc.
- Verizon Communications Inc.
- Deutsche Telekom AG
- Orange S.A.
- Telefonica S.A.
- BT Group plc
- Vodafone Group Plc
- Rakuten Mobile, Inc.
- Mavenir Systems, Inc.
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction - Research Objectives and Assumptions
- Research Methodology
- Abbreviations
 
- Market Definition & Study Scope
- Executive Summary - Market Snapshot, By Service Deployment
- Market Snapshot, By End-User
- Market Snapshot, By Region
 
- Voice-over-5G (Vo5G) Market Forces - Drivers, Restraints and Opportunities - Drivers - Faster Data Speeds
- Improved Call Quality
- Low Latency Communication
- Enhanced User Experience
- Network Efficiency Gains
 
- Restraints - High Deployment Costs
- Infrastructure Limitations
- Spectrum Allocation Issues
- Compatibility Challenges
- Regulatory Uncertainties
 
- Opportunities - Expanding Rural Connectivity
- Innovative Service Offerings
- Healthcare Advancements
- Remote Work Adoption
- Enhanced AR/VR
 
 
- Drivers 
- PEST Analysis - Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
 
- Porter's Analysis - Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
 
 
- Drivers, Restraints and Opportunities 
- Market Segmentation - Voice over 5G (Vo5G) Market, By Service Deployment, 2021 - 2031 (USD Million) - Cloud-Based
- On-Premise
 
- Voice over 5G (Vo5G) Market, By End-User, 2021 - 2031 (USD Million) - IT & Telecommunication
- BFSI
- Transportation
- Digital Commerce
- Media & Entertainment
 
- Voice-over-5G (Vo5G) Market, By Geography, 2021 - 2031 (USD Million) - North America - United States
- Canada
 
- Europe - Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
 
- Asia Pacific - Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
 
- Middle East & Africa - GCC
- Israel
- South Africa
- Rest of Middle East & Africa
 
- Latin America - Brazil
- Mexico
- Argentina
- Rest of Latin America
 
 
- North America 
 
- Voice over 5G (Vo5G) Market, By Service Deployment, 2021 - 2031 (USD Million) 
- Competitive Landscape - Company Profiles - Ericsson AB
- Nokia Corporation
- Huawei Technologies Co., Ltd.
- Samsung Electronics Co., Ltd.
- ZTE Corporation
- Qualcomm Technologies, Inc.
- AT&T Inc.
- Verizon Communications Inc.
- Deutsche Telekom AG
- Orange S.A.
- Telefonica S.A.
- BT Group plc
- Vodafone Group Plc
- Rakuten Mobile, Inc.
- Mavenir Systems, Inc.
 
 
- Company Profiles 
- Analyst Views
- Future Outlook of the Market


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