Product Code: GVR-4-68040-118-2
Voice Over New Radio Market Growth & Trends:
The global voice over new radio (VoNR) market size is expected to reach USD 83.09 billion by 2030, growing at a CAGR of 50.5% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Voice over new radio technology utilized 5G network to provide voice calling services. The growing demand for high-clarity calling with lower latency will drive the market's growth.
Telecom operators are focusing on phasing out their legacy networks, such as 2G/3G, to pave the way for 5G. Phasing out older-generation networks can lower costs and free up the spectrum for new-generation networks. The growing investments in deploying 5G networks to provide customers with enhanced data and voice services are anticipated to propel the market's growth.
The 5G network has been released in most parts of the world. As the number of 5G users increases exponentially, the existing non-standalone 5G network will be insufficient for the growing demand. Hence, telecom operators are focusing on deploying 5G standalone networks that can cater to the growing demand for 5G. With 5G standalone networks being deployed, the next natural step is VoNR. Telecom operators are investing heavily to upgrade their networks and offer the best 5G services, including VoNR, to their customers, which is anticipated to drive the VoNR market's growth over the forecast period.
However, the deployment of VoNR depends on a 5G standalone network. 5G standalone network infrastructure does not rely on old infrastructure. Hence the building and implementation costs of 5G standalone networks are high. Additionally, 5G was launched as a data service, hence adding the voice component on the 5G network requires additional components leading to even higher costs. The high cost of VoNR deployment is proving to hinder the market.
Voice Over New Radio Market Report Highlights:
- The solution segment is expected to grow significantly over the forecast period. Providing VoNR requires the implementation of IMS, which is an IP Multimedia Subsystem solution. Integrating this solution on the 5G network can facilitate voice services over the 5G network, driving the adoption of the IMS solution, thus driving the segment's growth
- The public cloud segment is anticipated to grow significantly over the forecast period. Features of the public cloud, such as cost-effectiveness, high scalability, and low maintenance, contribute to the segment's growth
- The smartphone segment is anticipated to witness significant growth over the forecast period. Rising smartphone penetration and increasing demand for 5G internet and voice services from consumers contribute to the segment's growth
- Asia Pacific is anticipated to register significant growth over the forecast period. The regional growth can be attributed to numerous VoNR providers and a substantial consumer base. Furthermore, early VoNR trials in China and South Korea amplify the potential for growth in the Asia Pacific VoNR market
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.4. Information Analysis
- 1.4.1. Market Formulation & Data Visualization
- 1.4.2. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing & Technology Trends
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.1.1. Increasing demand for high-quality and seamless voice calling
- 3.3.1.2. Increasing need for network efficiency
- 3.3.2. Market Restraint Impact Analysis
- 3.3.2.1. High implementation costs of standalone 5G network
- 3.3.3. Market Opportunity Impact Analysis
- 3.3.3.1. Growing adoption of 5G network
- 3.4. Impact of COVID-19 Pandemic
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.2. PESTEL Analysis
Chapter 4. Voice Over New Radio (VoNR) Market: Component Estimates & Trend Analysis
- 4.1. Component Movement Analysis & Market Share, 2022 & 2030
- 4.2. Voice Over New Radio (VoNR) Market Estimates & Forecast, By Component
- 4.2.1. Hardware
- 4.2.1.1. 5G RAN
- 4.2.1.2. 5G Core
- 4.2.1.3. Others
- 4.2.2. Solution
- 4.2.3. Services
Chapter 5. Voice Over New Radio (VoNR) Market: Deployment Estimates & Trend Analysis
- 5.1. Deployment Movement Analysis & Market Share, 2022 & 2030
- 5.2. Voice Over New Radio (VoNR) Market Estimates & Forecast, By Deployment
- 5.2.1. Private Cloud
- 5.2.2. Public Cloud
- 5.2.3. Hybrid Cloud
Chapter 6. Voice Over New Radio (VoNR) Market: End-use Devices Estimates & Trend Analysis
- 6.1. End-use Devices Movement Analysis & Market Share, 2022 & 2030
- 6.2. Voice Over New Radio (VoNR) Market Estimates & Forecast, By End-use Devices
- 6.2.1. Smart Phones
- 6.2.2. Outdoor CPE
- 6.2.3. Indoor CPE
Chapter 7. Voice Over New Radio (VoNR) Market: Regional Estimates & Trend Analysis
- 7.1. Voice Over New Radio (VoNR) Market: Regional Outlook
- 7.2. North America
- 7.2.1. North America voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.3.2. U.K.
- 7.3.2.1. U.K. voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.3.4. Switzerland
- 7.3.4.1. Switzerland voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.4.3. India
- 7.4.3.1. India voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Japan voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.4.7. Thailand
- 7.4.7.1. Thailand voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.6. MEA
- 7.6.1. MEA voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.6.2. Kingdom of Saudi Arabia (KSA)
- 7.6.2.1. Kingdom of Saudi Arabia (KSA) voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.6.3. UAE
- 7.6.3.1. UAE voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
- 7.6.4. Kuwait
- 7.6.4.1. Kuwait voice over new radio (VoNR) market estimates & forecasts, 2022 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Participant's Overview
- 8.2.1 T-Mobile USA, Inc.
- 8.2.2 Telefonica Deutschland
- 8.2.3 STC
- 8.2.4 Zain
- 8.2.5 Jio Platforms Limited
- 8.2.6 ADVANCED INFO SERVICE PLC.
- 8.2.7 Nokia Corporation
- 8.2.8 Telefonaktiebolaget LM Ericsson
- 8.2.9 Qualcomm Technologies, Inc.
- 8.2.10 Huawei Technologies Co., Ltd.
- 8.3. Financial Performance
- 8.4. Product Benchmarking
- 8.5. Company Market Positioning
- 8.6. Company Market Share Analysis, 2022
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.8.1. Expansion
- 8.8.2. Collaborations
- 8.8.3. Mergers & Acquisitions
- 8.8.4. New Product Launches
- 8.8.5. Partnerships
- 8.8.6. Others