The latest report by IMARC Group, titled “Voice Over LTE (VoLTE) Market Report by Technology (Voice Over IP Multimedia Subsystem (VoIMS), Circuit Switched Fall Back (CSFB), Dual Radio/Simultaneous Voice and LTE (SVLTE), Voice Over LTE Via Generic Access Network (VOLGA), Single Radio Voice Call Continuity (SRVCC)), Device Type (Smartphones, Routers, Wireless Modems, and Others), End Use Industry (Corporate, Commercial, Government), and Region 2025-2033,” finds that the global voice-over LTE (VoLTE) market size reached USD 23.2 Billion in 2024. Voice over long-term evolution (VoLTE) refers to an advanced wireless communication standard that employs fourth-generation (4G) LTE networks to transmit data and route voice traffic at high speeds to individuals. This standard uses an IP multimedia subsystem (IMS) framework to provide multimedia services over a common IP interface, such as wearables, smartphones, IoT devices, and data terminals. It also provides quick call setup times, superior voice quality, and the ability to support LTE or 4G data services like web browsing and tethering during voice calls. In addition, it eliminates the need for a circuit-switched voice network. As a result, VoLTE is extensively employed in residential, commercial, and government sectors across the globe.
Global Voice Over LTE (VoLTE) Market Trends:
The market is primarily driven by the rising demand for mobile enterprises for mobile and cloud solutions due to their faster network speed. In addition, the increasing use of VoLTE by network operators to transmit voice services in smaller packets and provide high-quality video, voice mail, messaging, and voice services among individuals is contributing to the market growth. Moreover, the widespread adoption of rich communication services (RCS) that allows faster connection times for VoLTE calls, instant messaging, and real-time language translation while improving device battery life represents another major growth-inducing factor. Besides this, the growing product demand to offer high-definition (HD) voice, which enhances audio output and minimizes background noise compared to standard voice calls, is accelerating the product adoption rate. Along with this, various governments are taking the initiative to improve connectivity in rural areas, which is propelling the market growth. Furthermore, the increasing use of VoLTE for high-speed wireless communications in several gadgets such as data terminals, smartphones, wearables, and the internet of things (IoT) is also creating a positive market outlook. Looking forward, IMARC Group expects the market value to reach USD 919.8 Billion by 2033, exhibiting a CAGR of 50.5% during the forecast period (2025-2033).
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Technology, Device Type, End Use Industry, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Bell Canada (BCE Inc.), Bharati Airtel Limited, D2 Technologies, Huawei Technologies Co. Ltd., Mitel Networks Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, T-Mobile USA Inc. (Deutsche Telekom AG), TPG Telecom Limited and Verizon Communications Inc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800