In 2023, the volume of domestic voice calls in the UK stood at 32 billion minutes. The forecast for 2024 starts at 29.5 billion minutes and projects a consistent decline: 27.1 billion in 2025, 24.7 billion in 2026, decreasing further to 22.5 billion in 2027, and finally 20.2 billion in 2028. This indicates a year-on-year decrease averaging 8% from 2024 to 2028. The compound annual growth rate (CAGR) over this five-year forecast period is approximately -8%, suggesting a steady decline in domestic voice call usage.
Future trends to watch for:
- Shifts to internet-based communication such as VoIP services and messaging apps.
- Potential changes in consumer behavior due to technological advancements and pricing strategies.
- The impact of 5G and its capabilities on traditional voice services.