세계 VoLTE(Voice Over LTE) 시장 규모는 2024년 232억 달러에 달했습니다. 향후 IMARC Group은 2033년에는 9,198억 달러에 달하고, 2025-2033년 연평균 성장률(CAGR)은 50.5%를 보일 것으로 전망하고 있습니다. 저전력, 저지연 통신 기능을 필요로 하는 사물인터넷(IoT) 기기 및 용도의 보급 확대, 고품질 음성 서비스에 대한 소비자의 기대치 증가, 지속적인 기술 발전이 시장을 이끄는 주요 요인 중 일부입니다.
VoLTE(Voice Over LTE)는 4G LTE(Long-Term Evolution) 네트워크에서 음성 및 멀티미디어 컨텐츠 전송을 가능하게 하는 통신 표준으로, 기존 2G 및 3G 네트워크보다 개선된 기술입니다. VoLTE는 음성을 디지털 신호로 변환하여 LTE 네트워크에서 전송함으로써 빠른 데이터 전송과 고화질 음성 통화를 가능하게 하고, 음성과 데이터를 동시에 사용할 수 있도록 하는 등 기존 세대의 네트워크와 달리 고품질의 선명한 음성 통화를 실현합니다. 이 디지털 변환은 화상 통화, 파일 공유, 라이브 스트리밍과 같은 추가 서비스를 위한 길을 열어줍니다. 또한, LTE는 기존보다 더 큰 용량의 통화를 지원하여 효율성에 기여하고 있습니다.
사물인터넷(IoT) 기기 및 용도의 보급이 세계 시장을 주도하고 있으며, IoT 기기는 저전력, 저지연 통신 기능을 필요로 하는 경우가 많기 때문에 VoLTE는 이러한 용도를 지원하는 데 적합한 선택이 될 수 있습니다. 또한, VoLTE는 로밍 및 국제 통화에서 분명한 이점을 제공하므로 여행자 및 국제 비즈니스에 매력적인 선택이 될 수 있습니다. 기존 로밍은 일반적으로 레거시 네트워크를 통해 통화를 하기 때문에 통화 품질이 떨어지고 비용이 비쌉니다. 또한, 고품질 음성 서비스에 대한 소비자의 기대는 해마다 크게 높아지고 있습니다. VoLTE는 HD 음성 품질과 배경 잡음 감소를 통해 우수한 음성 통신에 대한 이러한 수요를 충족시키고 있으며, 또한 풍부한 커뮤니케이션을 위해 HD 음성 품질과 배경 잡음 감소를 통해 음성 통신의 품질을 향상시키고 있습니다. 또한, 리치 커뮤니케이션 서비스(RCS)는 메시징의 다음 진화를 상징하는 것으로, 기존 SMS에 비해 보다 인터랙티브하고 기능이 풍부한 메시징 경험을 제공하는 것을 목표로 하며, 읽음 확인, 파일 공유, 그룹 채팅, 화상 통화 등의 기능을 포함합니다. 화상통화 등의 기능을 포함하고 있으며, 시장 전망은 밝습니다.
스마트폰 보급률 상승
스마트폰의 세계 보급률 상승도 VoLTE의 필수적인 시장 성장 촉진요인 중 하나입니다. 스마트폰은 현대 생활에 없어서는 안 될 필수품이 되었으며, 저렴한 가격으로 널리 보급되어 다양한 계층에서 보급이 확대되고 있습니다. VoLTE는 IP 기반 네트워크를 음성통화에 사용할 수 있는 Voice over LTE 기술을 지원하는 호환 단말기가 필요하기 때문에 VoLTE 지원 단말기를 소유한 인구가 증가하고 있습니다. 스마트폰 보유율이 증가함에 따라 VoLTE 서비스의 잠재 고객층이 크게 확대되고 있습니다. 모바일 네트워크 사업자와 서비스 제공업체들은 이러한 추세를 인지하고 있으며, 증가하는 스마트폰 사용자 기반을 활용하기 위해 VoLTE 인프라에 대한 투자를 늘리고 있습니다.
강화된 통신 서비스에 대한 수요 증가
디지털 통신에 대한 의존도가 높아지고 효율적이고 안정적인 음성 서비스에 대한 요구가 높아지면서 향상된 통신 솔루션에 대한 수요가 증가하고 있으며, VoLTE는 HD 음성 품질, 빠른 통화 설정, 4G와 5G 네트워크 간 원활한 핸드오버 등 다양한 기능과 이점을 제공합니다. 몇 가지 기능과 이점을 제공합니다. 또한, VoLTE는 음성 서비스와 데이터 서비스의 통합을 가능하게 하며, 사용자는 품질 저하 없이 인터넷 접속, 용도 사용, 음성 통화를 동시에 할 수 있습니다. 이러한 사용자 경험의 개선은 특히 의료, 응급 서비스, 비즈니스 통신 등 실시간 통신에 크게 의존하는 산업에서 VoLTE에 대한 수요를 촉진하고 있습니다.
4G 및 5G 네트워크 확장
VoLTE(Voice over LTE) 산업의 주요 시장 성장 촉진요인 중 하나는 전 세계적으로 4G 및 5G 네트워크가 지속적으로 확장되고 있다는 점입니다. 더 많은 국가들이 더 빠른 데이터 통신 및 네트워크 효율성 향상을 위해 인프라를 업그레이드함에 따라 VoLTE 서비스에 대한 수요가 증가하고 있으며, 4G 네트워크는 이미 널리 보급되어 있고, 5G 네트워크도 빠르게 확산되고 있으며, 더 빠른 데이터 속도, 더 빠른 데이터 속도, 더 낮은 지연, 더 큰 용량을 기대할 수 있습니다. 저지연화, 대용량화가 기대되고 있습니다. 또한, 이러한 첨단 네트워크의 보급은 VoLTE의 채택을 촉진하는 환경을 조성하고 있으며, VoLTE는 통화 품질 향상, 통화 설정 시간 단축, 음성 및 데이터 동시 사용 등 기존 회선 교환을 통한 음성통화에 비해 큰 이점을 제공합니다. 소비자들이 이러한 최신 네트워크에서 VoLTE의 장점을 경험함에 따라, 호환 가능한 기기와 서비스에 대한 수요가 증가하면서 VoLTE 시장을 주도하고 있습니다.
The global voice over LTE (VoLTE) market size reached USD 23.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 919.8 Billion by 2033, exhibiting a growth rate (CAGR) of 50.5% during 2025-2033. The growing penetration of Internet of Things (IoT) devices and applications requiring low-power, and low-latency communication capabilities, the escalating consumer expectations for high-quality voice services, and continual technological advancements are some of the major factors propelling the market.
Voice over LTE (VoLTE) is a communication standard that allows for the transmission of voice and multimedia content over 4G Long-Term Evolution (LTE) networks, an improvement over the traditional 2G or 3G networks. Unlike previous generation networks, VoLTE delivers high-quality, crisp voice calls and enables simultaneous use of voice and data. It works by converting the voice into a digital signal, which is transmitted over the LTE network, facilitating rapid data transfer and high-definition voice calls. This digital transformation also paves the way for additional services such as video calling, file sharing, or live streaming. Furthermore, it supports a greater call capacity than its predecessors, contributing to its efficiency.
The proliferation of Internet of Things (IoT) devices and applications majorly drives the global market. IoT devices often require low-power, low-latency communication capabilities, making VoLTE a suitable choice for supporting these applications. Along with this, VoLTE offers distinct advantages for roaming and international calls, making it an attractive choice for travelers and international businesses. With traditional roaming, calls are usually routed through legacy networks, leading to reduced call quality and higher costs. In addition, consumer expectations for high-quality voice services have grown significantly over the years. Traditional circuit-switched voice calls, while reliable, often lack the clarity and richness that users now expect from their communication experiences. VoLTE, with its HD voice quality and reduced background noise, addresses this demand for superior voice communication. Moreover, Rich Communication Services (RCS) represent the next evolution of messaging and aim to provide a more interactive and feature-rich messaging experience compared to traditional SMS. RCS includes features, such as read receipts, file sharing, group chats, and video calling, creating a positive market outlook.
Rising Smartphone Penetration
The increasing penetration of smartphones globally is another vital market driver for VoLTE. Smartphones have become an indispensable part of modern life, and their affordability and widespread availability have led to a rise in adoption across different demographic segments. As a result, a larger portion of the population now possesses VoLTE-capable devices. VoLTE requires compatible devices that support Voice over LTE technology, which can utilize the IP-based network for voice calls. As smartphone ownership rises, the potential customer base for VoLTE services expands significantly. Mobile network operators and service providers recognize this trend and are increasingly investing in VoLTE infrastructure to leverage the growing smartphone user base.
Growing Demand for Enhanced Communication Services
With the increasing reliance on digital communication and the need for efficient and reliable voice services, there is a growing demand for enhanced communication solutions. VoLTE offers several features and benefits that cater to this demand, such as HD voice quality, faster call setup, and seamless handovers between 4G and 5G networks. Moreover, VoLTE enables the integration of voice and data services, enabling users to access the internet, use applications, and make voice calls simultaneously without any compromise in quality. This enhanced user experience is driving the demand for VoLTE, especially in industries that heavily rely on real-time communication, such as healthcare, emergency services, and business communications.
Expanding 4G and 5G Networks
One of the key market drivers for the Voice over LTE (VoLTE) industry is the continuous expansion of 4G and 5G networks worldwide. As more countries upgrade their infrastructure to support higher data speeds and improved network efficiency, the demand for VoLTE services rises. 4G networks have already become widespread, and 5G networks are rapidly rolling out, promising even faster data speeds, lower latency, and higher capacity. In addition, the proliferation of these advanced networks creates a conducive environment for VoLTE adoption. VoLTE offers significant advantages over traditional circuit-switched voice calls, such as higher call quality, faster call setup times, and concurrent voice and data usage. As consumers experience the benefits of VoLTE on these modern networks, the demand for compatible devices and services grows, driving the VoLTE market forward.
The adoption of circuit switched fall back (CSFB) in the voice over LTE (VoLTE) industry is primarily driven by the need to maintain voice services for devices that do not yet support VoLTE. As VoLTE technology becomes prevalent, not all devices in the market are equipped to handle VoLTE calls. CSFB acts as a bridge between these legacy devices and the LTE network by facilitating a smooth transition to circuit-switched networks (2G/3G) when initiating or receiving voice calls. This seamless handover ensures that users with non-VoLTE compatible devices can still access reliable voice services without any disruptions.
On the contrary, single radio voice call continuity (SRVCC) in the voice over LTE (VoLTE) industry stem from the increasing demand for seamless voice services during the transition from LTE to legacy 2G/3G networks. SRVCC addresses this need by ensuring uninterrupted voice calls when a user moves out of the LTE coverage area, guaranteeing a smooth handover to 2G/3G networks without call drops or disruptions. This technology becomes particularly crucial as more network operators adopt VoLTE, aiming to enhance voice call quality and free up spectrum for data services.
The market drivers for smartphone device type in the voice over LTE (VoLTE) industry are manifold and impactful. Along with this, the increasing consumer preference for smartphones with advanced features and functionalities fuels the demand for VoLTE-compatible devices. As VoLTE offers superior voice call quality and faster call setup times, consumers seek smartphones that can leverage this technology for enhanced communication experiences. In addition, the relentless competition among smartphone manufacturers drives them to incorporate VoLTE support as a differentiating factor, attracting tech-savvy consumers.
On the other hand, routers play a crucial role in VoLTE implementations for homes, businesses, and other environments where multiple devices rely on a stable internet connection for voice services. As VoLTE becomes increasingly popular, the demand for routers with VoLTE support rises, enabling users to enjoy seamless voice calls over LTE networks. Moreover, businesses and service providers seek VoLTE-capable routers to ensure efficient voice communication for their customers and employees, reducing call drop rates and enhancing call quality. The versatility of VoLTE-enabled routers in managing voice traffic alongside data transmission also contributes to their market growth.
The corporate end-use industry serves as a significant market driver in the voice over LTE (VoLTE) industry, primarily due to its essential communication needs. As businesses continue to embrace digital transformation and remote work models, the demand for VoLTE services rises. VoLTE offers superior voice call quality, reduced latency, and faster call setup times, making it an attractive choice for corporate users who rely heavily on voice communication for collaboration and decision-making. Additionally, VoLTE's ability to seamlessly integrate with other communication technologies, such as unified communications (UC) platforms, enhances productivity and efficiency within corporate environments.
On the contrary, the commercial end-use industry serves as a crucial market driver in the voice over LTE (VoLTE) industry due to its diverse communication requirements. As businesses across various sectors, such as retail, hospitality, and transportation, aim to deliver excellent customer service and seamless operations, In industries where reliable and uninterrupted voice communication is critical, such as emergency services and logistics, VoLTE offers significant advantages, ensuring smooth coordination and real-time updates. Furthermore, as commercial entities continually seek to optimize their communication infrastructure, VoLTE presents an attractive option for converging voice and data services, streamlining operations and reducing costs.
Asia Pacific exhibits a clear dominance, accounting for the largest voice over LTE (VoLTE) market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represented the largest market.
The voice over LTE (VoLTE) industry in the Asia Pacific region is driven by the region's substantial and ever-expanding mobile subscriber base creating a vast market for VoLTE adoption. As more users seek higher-quality voice services, VoLTE's superior call quality and faster call setup times become increasingly appealing. Additionally, the rapid deployment and expansion of 4G and 5G networks across the Asia Pacific facilitate the implementation of VoLTE technology. In addition, the region's increasing smartphone penetration and consumers' preference for feature-rich devices further fuel the demand for VoLTE-capable smartphones. Moreover, VoLTE's cost-effectiveness and efficient spectrum utilization align with the region's dynamic telecommunications landscape, encouraging operators to adopt the technology. The Asia Pacific region comprises multiple countries with a high volume of international travelers. VoLTE technology enables seamless voice calls over LTE networks, even when roaming internationally. This aspect is further providing a boost to the appeal of VoLTE for both consumers and operators.
The global voice over LTE (VoLTE) market is experiencing significant growth due to the growing focus on enhancing the quality of their VoLTE services, aiming for clearer voice quality, faster call setup times, and better reliability. This could involve improving the underlying network infrastructure or the software algorithms used for voice compression and transmission. Along with this, the integration of RCS features, which go beyond voice calls to include text messaging, image, and video sharing, and group chats, significantly supporting the market. In addition, IoT is a significant potential application area for VoLTE, especially for devices that need to make voice calls. Companies are creating specific IoT-focused VoLTE solutions, positively influencing the market. Moreover, the widespread adoption of VoLTE services across different networks and devices for adhering to international standards is contributing to the market.