IP Multimedia Subsystem Market: Global Industry Analysis and Forecast (2023-2029)

IP Multimedia Subsystem Market was valued at US$ 2.65 Bn. in 2022. Global IP Multimedia Subsystem Market size is estimated to grow at a CAGR of 13.07 %.
IP Multimedia Subsystem Market Overview and Dynamics:
Looking forward, the IP Multimedia Subsystem (IMS) Market is projected to reach a value of US$ 6.25 Bn. by 2029, growing at a CAGR of 13.07% during 2023-2029. The IMS is a concept for a network of integrated telecommunications carriers that are used for packet communications in all known formats over landline or wireless. Examples of these communications are traditional telephony, e-mail, Internet access, fax, Web services, instant messaging (IM), Voice over IP (VoIP), video on demand and video conference sessions. To improve flexibility, scalability, and extensibility, the IMS architecture decomposes the network into discrete control, application, and transport layers using standardized interfaces. To know about the Research Methodology:- Request Free Sample Report

The IP multimedia subsystem allows for reliable and safe multimedia communications across a variety of devices over a variety of networks. The launch of VoLTE, LTE, and the demand for the worldwide standard for network services and infrastructure have become the major drivers for the IMS market. Apart from that, according to the study, the major challenge for any telecom service provider is to operate their network at the lowest unit cost structure and open for new revenue sources, and the IP multimedia subsystems (IMS) aid to overcome this challenge.

2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2022 is a year of exception and analyzed especially with the impact of lockdown by region.

IP Multimedia Subsystem Market Trends:

Currently, various leading economies and companies are using smartphones to a great extent to improve their communications coupled with expanding competition in the field of IP communication services are the trends observed in the IP multimedia subsystems (IMS) market globally.
Development of 5G-technology Offers Potential Opportunities:
The 5G-technology is projected to basically transform the role that telecommunications technology is playing in society. 5G expansion requires more spectrum resources, particularly low-frequency resources with good penetrating capabilities. IP multimedia subsystems deployment has entered the fast lane. As per the report of GSMA, 138 carriers around the globe had launched IMS-based VoLTE networks in the last decade.

Operators of Telecom have already started the 5G trial at many locations and are projected to launch 5G commercially in upcoming years. The U.S. China, Japan, and South Korea are acting as leaders in the implementation of the 5G technology. Furthermore, 5G is anticipated to enable new use cases, for instance, smart agriculture, smart cities, public safety agencies and logistics. Therefore, the growth of 5G is likely to propose a huge opportunity for the global IP multimedia subsystem market to flourish.

COVID-19 impact on Telecommunication Sectors:

The telecommunication industry was responsible to enable business continuity during times of pandemic for many businesses and henceforth did not face any major negative impact during the period. On the other hand, major disruptions in the worldwide supply chain, caused many telecom industry players to slow their expansion for their telecommunication network infrastructure because of the lack of necessary parts and labor during the period of COVID-19.
IP Multimedia Subsystem Market Segment Analysis:
Global IP Multimedia Subsystem Market is segmented into Component, and Operator.

Based on Operator, the mobile operator's segment is expected to grow at the largest CAGR of 14.87% during the forecast period. Mobile operators have been faced with many challenges, with upgrading old technologies to suit current end-user expectations, fierce competition, exclusive OPEX and CAPEX. Accordingly, Operators looking for cost-effective and scalable solutions. One of the major factors driving mobile operators’ segment is increased investment in 5G infrastructure deployment because of a shift in customer preference for smartphone devices and next-generation technologies.By Component, the product segment is expected to grow at the largest CAGR of nearly 15% during the forecast period. This growth is attributed to the telecom operators installing IMS solutions on a wide scale to provide a variety of use cases, with Voice over Wireless Fidelity (VoWiFi), Voice over LTE (VoLTE), Unified Communications-as-a-Service (UCaaS) and Rich Communication Services (RCS). Foremost IT and Telecom vendors such as IBM, Motorola, Cisco, Ericsson, Nortel, Metaswitch, and others have created many IMS solutions for MNOs.
IP Multimedia Subsystem Market Regional Insights:
North America is anticipated to account for the largest xx% share of the IMS market in 2022.

Thanks to growing government initiatives as they have planned to roll out the CBRS (citizen’s broadband radio service) band for private operators and enterprises in countries in North America. Individuals are accepting multimedia applications to better their communications in response to the increasing use of smartphones in the U.S. Supportive government policies are driving the growth of the North American market. Political authorities are emphasizing the upgrading of the current telecom networks to 5G network access abilities.

Asia-Pacific occupied the second largest market share of xx% in 2022.

Thanks to growths in various communication methods, increasing penetration of telecommunication services and higher infrastructure investment by communication service providers in the economies in the APAC. The Indian Government is proactive in providing room for growth for telecom companies. Such as the retail, Government of India has presented the 'Digital India' program, under which all the sectors like healthcare, etc., are projected to be connected done the internet.

Europe is expected to grow at the largest CAGR of 15% during the forecast period.

This growth is attributed to operators eventually shifting towards cloud-based and virtualized solutions in the countries in the EU. Furthermore, the IMS markets in Latin America and Middle East & Africa are expected to register moderate growth revenue during 2023-2029.

The objective of the report is to present a comprehensive analysis of the global IP Multimedia Subsystem Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the IP Multimedia Subsystem Market dynamic, structure by analyzing the market segments and projecting the IP Multimedia Subsystem Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the IP Multimedia Subsystem Market make the report investor’s guide.
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IP Multimedia Subsystem Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.65 Bn.


Forecast Period 2023 to 2029 CAGR:
13.07%
Market Size in 2029:
US $ 6.25 Bn.


 Segments Covered:
by Component
Product
Services
Professional services
Consulting
Integration and deployment
Training and support
Managed services


by Operator
Mobile operators
Fixed operators



IP Multimedia Subsystem Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
IP Multimedia Subsystem Market Key Players:
1. Oracle
2. Huawei
3. Ericsson
4. NEC
5. Nokia
6. ZTE
7. Athonet
8. Cirpack
9. Cisco
10.Commverge Solutions
11.Dialogic
12.Interop Technologies
13.Italtel
14.WIT Software
15.Metaswitch
16.Mavenir
17.Radisys
18.Ribbon Communications
19.Samsung

Frequently Asked Questions:

1] What segments are covered in the IP Multimedia Subsystem Market report?
Ans. The segments covered in the IP Multimedia Subsystem Market report are based on component, and Operator.

2] Which region is expected to hold the highest share in the IP Multimedia Subsystem Market?
Ans. North America region is expected to hold the highest share in the IP Multimedia Subsystem Market.

3] What is the market size of the IP Multimedia Subsystem Market by 2029?
Ans. The market size of the IP Multimedia Subsystem Market by 2029 is US$ 6.25 Bn.

4] What is the forecast period for the IP Multimedia Subsystem Market?
Ans. The forecast period for the IP Multimedia Subsystem Market is 2023-2029.

5] What was the market size of the IP Multimedia Subsystem Market in 2022?
Ans. The market size of the IP Multimedia Subsystem Market in 2022 was US$ 2.65 Bn.