Latest News- IP Multimedia Subsystem Market: Product is expected to lead the Component segment during 2024-2028

The IP Multimedia Subsystem Market is being driven by Rollout of 5G networks

The IP Multimedia Subsystem Market is expected to grow at a CAGR of 18% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 42349.88 million. The Internet of Things (IoT) has experienced significant growth over the past 25 years, with IP version 6 (IPv6) now replacing IP version 4 (IPv4) to accommodate a vast number of connected devices and facilitate the transmission of increased data. The telecommunications industry is witnessing a surge in network traffic due to the proliferation of mobile computing devices. In response, next-generation wireless standards, such as 4G and 5G, and wireless technologies including Bluetooth Low-Energy (BLE), Wi-Fi, ZigBee, and Z-Wave, are being deployed globally. These advanced wireless solutions offer wireless connectivity equivalent to broadband, enabling seamless communication between an ever-growing array of devices. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Product
  • Services
• Application
  • Mobile operators
  • Fixed operators
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • US
  • Europe
    • Germany
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rollout of 5G networks
• Increasing proliferation of IoT devices
• IP multimedia subsystem solutions aid in reducing CAPEX and OPEX

However, the market also witnesses some limitations, which are as follows:

• Increasing data security and privacy concerns
• Balancing scalability and quality of service
• Complexity in implementing and maintaining IP multimedia subsystems

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Market Scope in IP Multimedia Subsystem Market Research Report

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Research Analysis Overview

The IP Multimedia Subsystem (IMS) market is a significant segment of the telecommunications industry that focuses on real-time delivery of multiple media types, including voice, video, and messaging, over converged networks. Network operators are increasingly adopting IMS to expand their portfolio of services beyond traditional voice offerings to include integrated voice services, multimedia communication, and IP-based services. Service Delivery Platforms (SDPs) and Network Management systems are essential components of IMS, enabling network integration, system deployment, and the delivery of IP multimedia applications. Communication protocols such as Session Initiation Protocol (SIP) and Quality of Service (QoS) ensure reliable and high-quality real-time communication. IMS is also driving the adoption of cloud computing, network functions virtualization, software-defined networking, and network virtualization, allowing Internet Service Providers (ISPs) to offer a range of multimedia services, including VoIP services, multimedia messaging, conferencing solutions, and multimedia streaming. Network security is a critical consideration for IMS, ensuring the protection of subscriber data management and network functions. The market for IMS is expanding rapidly, with the increasing demand for internet connectivity, broadband services, and mobile applications. IMS is a key enabler of IP multimedia communication, enabling the delivery of real-time, high-quality multimedia content to end-users.

Market Research Overview

The IP Multimedia Subsystem (IMS) market is a segment of the expansive Global Communications Equipment Market, which encompasses the manufacturing sector for enterprise networking solutions, such as Local Area Networks (LANs) and Wide Area Networks (WANs), routers, telephones, switchboards, exchanges, and communications infrastructure or telecom equipment. According to Technavio's market analysis, the Communications Equipment Market size is determined by the revenue generated from the sales of communication equipment, broadcasting equipment, telecommunication equipment, and investments made by telecommunication service providers to enhance their communication infrastructure. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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