PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1788397
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1788397
Global Voice Over New Radio Market to Reach US$166.0 Billion by 2030
The global market for Voice Over New Radio estimated at US$17.1 Billion in the year 2024, is expected to reach US$166.0 Billion by 2030, growing at a CAGR of 46.1% over the analysis period 2024-2030. Hardware, one of the segments analyzed in the report, is expected to record a 40.5% CAGR and reach US$75.8 Billion by the end of the analysis period. Growth in the Solutions segment is estimated at 53.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$4.5 Billion While China is Forecast to Grow at 43.9% CAGR
The Voice Over New Radio market in the U.S. is estimated at US$4.5 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$24.5 Billion by the year 2030 trailing a CAGR of 43.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 41.1% and 40.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 32.0% CAGR.
Why Is Voice Over New Radio Transforming Mobile Communication in the 5G Era?
The introduction of Voice Over New Radio (VoNR) is reshaping mobile communication by enabling ultra-clear, low-latency voice calls over 5G networks, eliminating the need for legacy 4G LTE infrastructure. Unlike Voice over LTE (VoLTE), which operates within 4G networks while relying on packet-switched architecture, VoNR allows voice communication to be fully integrated into 5G standalone (SA) networks, offering improved voice quality, faster call setup times, and seamless network transitions. The demand for enhanced mobile voice services has surged due to the increasing reliance on smartphones, remote work environments, and next-generation applications such as smart home voice assistants and AI-driven customer service interactions. Telecommunications providers and network operators are investing heavily in VoNR deployment, aiming to enhance the overall user experience while optimizing network efficiency. With 5G networks expanding globally, VoNR is poised to replace traditional circuit-switched voice communication, providing users with a high-definition, ultra-reliable calling experience that aligns with the demands of a hyper-connected digital landscape.
How Are Technological Innovations Enhancing Voice Over New Radio Capabilities?
The evolution of 5G infrastructure and advancements in network slicing, edge computing, and artificial intelligence have significantly improved VoNR capabilities, making it a key enabler of next-generation voice services. One of the most notable innovations is dynamic network slicing, which allows service providers to allocate dedicated bandwidth for voice traffic, ensuring consistent call quality even in congested network environments. The integration of AI-powered voice compression algorithms has further enhanced audio clarity by reducing background noise, improving speech recognition, and optimizing data transmission efficiency. Additionally, edge computing plays a crucial role in VoNR by processing voice data closer to the user, reducing latency and enabling near-instantaneous call connectivity. The adoption of cloud-native infrastructure and software-defined networking (SDN) has also contributed to the scalability of VoNR, allowing operators to deploy and manage voice services more efficiently. As 5G networks continue to evolve, VoNR is expected to support new applications such as real-time voice translation, immersive voice conferencing, and AI-driven conversational interfaces, driving further innovation in mobile communication.
What Challenges Are Hindering the Widespread Adoption of Voice Over New Radio?
Despite its advantages, VoNR adoption faces several challenges, primarily related to network compatibility, infrastructure costs, and interoperability with existing telecommunication systems. The transition from 4G to 5G standalone networks requires significant investments in hardware upgrades, software optimization, and spectrum allocation, creating financial and logistical hurdles for telecom operators. Ensuring seamless handover between VoNR and legacy voice networks remains a challenge, particularly in areas where 5G coverage is limited or inconsistent. Additionally, interoperability issues between different device manufacturers and network providers can impact VoNR performance, requiring standardized protocols to facilitate smooth voice call transitions. Cybersecurity threats also pose a concern, as the shift to fully digital, cloud-based voice communication increases vulnerability to data breaches, fraud, and eavesdropping. Addressing these challenges will require continuous collaboration between network operators, regulatory bodies, and technology providers to accelerate 5G adoption, enhance VoNR compatibility, and establish robust security frameworks.
What Factors Are Driving the Growth of the Voice Over New Radio Market?
The growth in the Voice Over New Radio market is driven by several factors, including the rapid expansion of 5G networks, increasing consumer demand for high-quality voice communication, and advancements in cloud-native telecommunication solutions. The rising adoption of smart devices and IoT-driven voice applications has fueled the need for ultra-low-latency, high-fidelity voice services, making VoNR a critical component of the 5G ecosystem. The push for network modernization and the transition to fully digital voice communication have further accelerated investments in VoNR infrastructure, particularly among mobile network operators seeking to enhance service reliability and efficiency. Additionally, the increasing use of AI-driven voice applications in sectors such as customer service, healthcare, and enterprise collaboration has created new opportunities for VoNR deployment. As 5G adoption continues to grow globally, the demand for seamless, high-definition voice communication will drive further expansion of the VoNR market, reshaping the future of mobile voice services and next-generation connectivity solutions.
SCOPE OF STUDY:
The report analyzes the Voice Over New Radio market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Component (Hardware, Solutions, Services); Deployment (Private Cloud, Public Cloud, Hybrid); End-Use (Smartphones, Outdoor CPE, Indoor CPE)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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