The Voice Over LTE (VoLTE) and Voice Over Wi-Fi (VoWi-Fi) market share analysis is set for explosive growth as top global telecom operators rapidly phase out traditional circuit-switched voice services in favor of high-definition, packet-based voice over LTE networks. The transition is fueled by a growing demand for higher call quality, reduced latency, and the need for efficient voice service delivery over existing LTE and Wi-Fi networks. VoLTE, in particular, enables mobile voice calls to be delivered as data flows, resulting in faster call setup times and seamless transitions between data and voice sessions. Leading the global VoLTE market are Ericsson, Nokia, and Huawei, who collectively command around 50% of the global market share, owing to their robust network infrastructure, deep operator partnerships, and continued innovation in LTE radio and core technologies.
Regional players such as Samsung Networks, Cisco, and ZTE account for approximately 30% of the market, playing a pivotal role in expanding VoLTE and VoWi-Fi coverage in emerging economies and regional operator networks. The remaining 20% of market share is held by niche and emergent vendors offering specialized cloud-native voice platforms, IMS (IP Multimedia Subsystem) solutions, and SaaS-based VoWi-Fi offerings. A major accelerator of this shift is the integration of VoLTE with 5G infrastructure and cloud communication platforms, enabling seamless interworking between voice and next-generation data services. With the continued shutdown of legacy 2G and 3G networks, and increasing focus on all-IP architectures, the market is projected to grow at a CAGR of 14.2%, reaching USD 12.5 billion by 2035.
Get Ahead with Our Report: Request Your Sample Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-20400
Key Takeaways
The transition toward all-IP voice services is not just a technical upgrade but a strategic move that aligns with telecom operators’ broader 5G deployment goals and cost-optimization strategies. VoLTE offers operators the ability to repurpose spectrum used for older networks, deliver enhanced voice quality, and ensure a unified voice and data experience across LTE and Wi-Fi domains. VoWi-Fi, on the other hand, extends voice service coverage indoors and in low-signal areas by leveraging local wireless networks, reducing infrastructure strain on macro cellular networks. North America currently leads the global VoLTE and VoWi-Fi markets, driven by early LTE rollout, strong device penetration, and rapid network modernization. Meanwhile, the Asia-Pacific region is witnessing the fastest growth due to expanding 4G and 5G adoption, increasing smartphone usage, and aggressive investment by local telecom providers in VoLTE infrastructure.
The increasing support for VoLTE and VoWi-Fi among device manufacturers has also played a significant role in accelerating adoption. Today, a majority of smartphones come pre-configured to support both services, thereby enabling instant compatibility with network providers’ offerings. As telcos continue to launch bundled high-speed data and voice plans, customer reliance on LTE and Wi-Fi voice services is expected to reach near-universal levels in developed markets within the next five years.
Emerging Trends in the Global Market
One of the most important trends shaping the VoLTE and VoWi-Fi market is the convergence of IP-based voice services with 5G. As 5G standalone (SA) networks become more common, voice service delivery is shifting to VoNR (Voice over New Radio), which builds upon the IMS backbone of VoLTE. Telecom operators are now using VoLTE as a bridge between 4G and 5G voice, leveraging existing investments to ensure backward compatibility and a seamless user experience. Additionally, AI-driven voice quality optimization, cloud-native IMS core deployments, and network function virtualization (NFV) are redefining how voice services are managed and scaled across networks.
A parallel trend is the rise of enterprise-grade VoWi-Fi solutions, especially as businesses prioritize remote work capabilities. Telecom providers are now targeting SMEs and large enterprises with VoWi-Fi-enabled business calling services that reduce roaming charges and improve indoor voice coverage. Integration of voice over IP into unified communication platforms is also on the rise, with VoLTE and VoWi-Fi being embedded into messaging and collaboration apps for a frictionless user experience.
Significant Developments in the Global Sector: Trends and Opportunities in the Market
The continued shutdown of 2G and 3G networks is one of the most significant catalysts accelerating VoLTE deployment across all regions. With mobile operators looking to reclaim spectrum and reduce operational costs, the push toward 4G and 5G-centric voice services has become inevitable. As a result, opportunities for VoLTE infrastructure vendors, cloud IMS providers, and VoWi-Fi software companies have grown exponentially.
Further opportunity lies in rural and underserved markets, where traditional mobile coverage remains a challenge. VoWi-Fi offers a low-cost alternative for extending voice services via broadband, allowing operators to reach new users without significant infrastructure expenditure. Additionally, countries with newer LTE rollouts—particularly across Africa, Latin America, and parts of Southeast Asia—are adopting VoLTE from day one, bypassing legacy voice entirely and positioning themselves for future 5G readiness.
Recent Developments in the Market
Over the past two years, major players have introduced advanced VoLTE solutions optimized for cloud-native deployments and edge computing. Ericsson and Nokia have launched 5G-ready IMS platforms that support multi-access edge computing (MEC), enabling low-latency voice services for emerging use cases like autonomous vehicles and mission-critical communications. Huawei, despite facing restrictions in some regions, continues to innovate with high-efficiency VoLTE solutions deployed in fast-growing Asian and African markets.
New partnerships have emerged between telecom providers and hyperscalers such as AWS and Microsoft Azure to host VoLTE and VoWi-Fi workloads on public cloud infrastructure. This shift toward cloud-based voice services is reducing time-to-market and increasing agility for operators. Furthermore, device manufacturers have begun certifying handsets with next-gen VoLTE/VoWi-Fi support as part of 5G compliance programs, ensuring broader interoperability across networks.
Thorough Market Evaluation: Full Report
https://www.futuremarketinsights.com/reports/voice-over-lte-and-voice-over-wi-fi-market-share-analysis
Competition Outlook
The VoLTE and VoWi-Fi market remains moderately consolidated with a few key players holding significant influence. Ericsson, Nokia, and Huawei lead the global landscape, thanks to their end-to-end network infrastructure capabilities and deep relationships with major telecom operators. These companies continue to invest in next-generation IMS cores and 5G voice enhancements, including VoNR capabilities. Samsung Networks and Cisco also play a major role, particularly in regional deployments, offering flexible and interoperable solutions for VoLTE and VoWi-Fi rollout.
Key Players
Other emerging and niche players include ZTE, Mavenir, Ribbon Communications, Mitel, Altiostar (part of Rakuten Symphony), and Affirmed Networks (acquired by Microsoft). These firms are focusing on open standards, cloud-native software, and flexible pricing models to cater to smaller operators and greenfield networks.
Key segmentations
Key segmentations in the market include by technology (VoLTE, VoWi-Fi), by deployment model (on-premise, cloud-based), by application (residential, commercial, enterprise), and by region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). Among these, VoLTE holds the largest market share, but VoWi-Fi is expected to see faster growth due to its appeal in emerging markets and indoor coverage advantages.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
