Voice Over LTE (VoLTE) Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2020-2030

Commercial is the fastest growing segment, Asia-Pacific is the largest market globally

The Global Voice Over LTE (VoLTE) Market will grow from USD 13.16 Billion in 2024 to USD 205.59 Billion by 2030 at a 58.11% CAGR. The Global Voice over Long-Term Evolution (VoLTE) market encompasses the technology enabling voice calls over 4G LTE networks, delivering enhanced voice quality and efficient spectrum utilization by transmitting voice as data packets. Key drivers supporting market expansion include the increasing demand for high-definition voice services, the ongoing global proliferation of 4G and 5G network infrastructure, and the strategic transition by mobile network operators from legacy 2G and 3G circuit-switched voice systems.

Key Market Drivers

The widespread adoption of 4G and 5G network infrastructure significantly propels the Global Voice Over LTE (VoLTE) Market by establishing the foundational capabilities required for high-quality, all-IP voice services. Ongoing investments in modernizing networks ensure pervasive advanced mobile broadband availability, directly enabling seamless VoLTE deployment. This evolution provides critical bandwidth and low-latency for superior voice clarity and efficient call setup. According to GSMA Intelligence, in March 2024, new figures revealed 5G connections reached 1.6 billion globally by the end of 2023.

Key Market Challenges

The Global Voice over Long-Term Evolution (VoLTE) market faces a significant challenge stemming from the intricate requirements for ensuring seamless interoperability for voice calls. This complexity arises from the necessity to facilitate communication between a multitude of diverse mobile network operators and an extensive array of device manufacturers. Guaranteeing consistent service quality and a uniform user experience across these disparate network environments and device ecosystems demands substantial and continuous testing, validation, and coordination efforts.

Key Market Trends

The integration of 5G Voice and Voice over New Radio (VoNR) is a crucial trend driving the VoLTE market, representing the transition of high-quality voice services onto advanced 5G Standalone (SA) networks. This shift facilitates superior call quality, reduced latency, and a more seamless user experience, while also paving the way for innovative communication services like immersive video and augmented reality applications. According to GSA, in August 2025, 173 operators in 70 countries were investing in public 5G Standalone networks, with 77 operators in 43 countries having launched or soft-launched services, demonstrating a foundational shift towards VoNR-ready infrastructure.

Key Market Players Profiled:

• D2 Technologies Inc.
• SK telecom, Inc.
• Cisco Systems, Inc.
• KT Co., Ltd.
• ALE International
• Huawei Technologies Co. Ltd
• LG Uplus Corporation
• Axcient Inc.

Report Scope:

In this report, the Global Voice Over LTE (VoLTE) Market has been segmented into the following categories:

By End-user Industry:

• Corporate
• Commercial
• Government

By Technology:

• Voice Over IP Multimedia Subsystem (VoIMS)
• Circuit Switched Fall Back (CSFB)
• Others

By Region:

• North America
• Europe
• South America
• Middle East & Africa
• Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Voice Over LTE (VoLTE) Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

This product will be delivered within 1-3 business days.