Voice Over 5G Market: Comprehensive Analysis

The Voice over 5G (Vo5G) market is experiencing significant growth, driven by the rapid adoption of 5G networks worldwide. Vo5G enables high-quality voice services over 5G infrastructures, offering enhanced call clarity and reduced latency. Voice Over 5G Market is projected to grow from USD 4.67 Billion in 2025 to USD 26.86 Billion by 2034, exhibiting a compound annual growth rate (CAGR) of 21.44% during the forecast period (2025 - 2034).

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Key Market Segments

The Vo5G market is segmented based on service deployment, end-user industry, and geography.

Service Deployment

1. Cloud-based: Offers scalable solutions for enterprises, reducing the need for on-premises infrastructure.
2. On-premise: Provides organizations with control over their voice services, ensuring data security and compliance.

End-user Industry

• IT & Telecommunication: Leverages Vo5G for seamless communication and integration with existing IT systems.
• Retail (Digital Ecommerce): Enhances customer service through improved voice interactions.
• BFSI (Banking, Financial Services, and Insurance): Utilizes Vo5G for secure and efficient communication.
• Transportation: Employs Vo5G for real-time communication and coordination.
• Media & Entertainment: Benefits from high-quality voice services for content creation and distribution.
• Other End-user Industries: Includes healthcare, education, and more, adopting Vo5G for various applications.

Industry Latest News

• Nokia, Vodafone, and RingCentral Collaboration: In February 2025, Nokia announced a partnership with Vodafone and RingCentral to showcase Immersive Voice and Audio Services (IVAS) at Mobile World Congress 2025. This collaboration aims to deliver advanced IVAS-enabled business, industrial, and consumer use cases, enhancing voice communication.

• du Launches 5G VoNR in the UAE: Emirati-based operator du claimed to be the first in the United Arab Emirates to commercially launch 5G Voice over New Radio (VoNR). This service offers users improved download and upload speeds, ultra-low latency, and superior call quality.

• Kyocera, Ataya, and Ecrio Collaboration: In February 2025, Kyocera, Ataya, and Ecrio announced a collaboration to develop an end-to-end private 5G network solution for critical communications. This solution leverages Kyocera's DuraForce PRO 3 smartphone and Ecrio's server software platform on Ataya's private 5G network to support Edge AI deployments in various sectors.

Key Companies

The Vo5G market features several prominent players:

• Huawei Technologies Co. Ltd.: A leading global provider of information and communications technology (ICT) infrastructure and smart devices.
• MACOM Technology Solutions Inc.: Specializes in semiconductor solutions for data center, telecommunications, and industrial applications.
• Deutsche Telekom AG: A major telecommunications provider offering a range of services, including fixed-network and mobile communications.
• AT&T Inc.: A multinational conglomerate providing telecommunications, media, and technology services globally.
• Telefonaktiebolaget LM Ericsson: Offers infrastructure, services, and software in information and communications technology.
• SK Telecom Co. Ltd.: South Korea's largest wireless carrier, leading in 5G commercialization.
• Nokia Corporation: Focuses on networking equipment, software, and services for telecommunications.
• Marvell Technology Group Ltd.: Develops and produces storage, networking, and connectivity semiconductor solutions.
• Fujitsu Limited: Provides IT services and products, including computing, networking, and electronic devices.
• NEC Corporation: Offers IT and network solutions, integrating IT and network technologies for various industries.

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Market Drivers

Several factors are propelling the growth of the Vo5G market:

• Surge in Demand for Enhanced Voice Services: The rapid adoption of 5G networks has led to increased demand for high-quality voice services, enabling crystal-clear voice calls and video conferencing.

• Advancements in 5G Infrastructure: Continuous improvements in 5G technology, including higher bandwidth and lower latency, are facilitating the deployment of Vo5G services.

• Integration with IoT Devices: The proliferation of Internet of Things (IoT) devices necessitates reliable and efficient communication channels, which Vo5G effectively provides.

• Expansion of Cloud-based Services: The shift towards cloud-based solutions offers scalable and flexible Vo5G deployments, catering to various enterprise needs.

Regional Insights

The adoption and growth of Vo5G services vary across regions:

• North America: Early adoption of 5G technology, with significant investments in infrastructure. Collaborations, such as Nokia's multi-year expansion deal with AT&T, aim to upgrade voice carriage and 5G network automation in the U.S.

• Europe: Active deployment of Vo5G services, with operators like Vodafone leading initiatives. The recent merger of Vodafone UK and Three is set to form Britain's largest mobile network operator, enhancing 5G capabilities.