Voice over 5G (Vo5G) Market

By Service Deployment;

Cloud-Based and On-Premise

By End-User Industry;

IT & Telecommunication, BFSI, Transportation, Digital Commerce and Media & Entertainment

By Geography;

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

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 Period2025 - 2031
Base Year2024
CAGR (%)82.4 %
Market Size (2024)USD 25,710.39 Million
Market Size (2031)USD 1,726,961.18 Million
Market ConcentrationLow
Report Pages371
25,710.39
2024
1,726,961.18
2031

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.

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.

  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
    3. Market Snapshot, By Region
  4. Voice-over-5G (Vo5G) Market Forces
    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. Competitive Rivalry
  5. Market Segmentation
    1. Voice over 5G (Vo5G) Market, By Service Deployment, 2021 - 2031 (USD Million)
      1. Cloud-Based
      2. On-Premise
    2. Voice over 5G (Vo5G) Market, By End-User, 2021 - 2031 (USD Million)
      1. IT & Telecommunication
      2. BFSI
      3. Transportation
      4. Digital Commerce
      5. Media & Entertainment
    3. 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. Ericsson AB
      2. Nokia Corporation
      3. Huawei Technologies Co., Ltd.
      4. Samsung Electronics Co., Ltd.
      5. ZTE Corporation
      6. Qualcomm Technologies, Inc.
      7. AT&T Inc.
      8. Verizon Communications Inc.
      9. Deutsche Telekom AG
      10. Orange S.A.
      11. Telefonica S.A.
      12. BT Group plc
      13. Vodafone Group Plc
      14. Rakuten Mobile, Inc.
      15. Mavenir Systems, Inc.
  7. Analyst Views
  8. Future Outlook of the Market