IP Multimedia Subsystem Market Size to grow by USD 42349.88 million between 2024-2028
According to a research report “ IP Multimedia Subsystem Market” by Component (Product, Services) Application (Mobile operators, Fixed operators) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 42349.88 million, at a CAGR of 18% during the forecast period. The global IP Multimedia Subsystem (IMS) market is experiencing significant growth, driven primarily by the widespread adoption and deployment of 5G networks. With over 170 million new 5G subscriptions added by Q2 2023, the total number of global users now stands between 1.0 and 1.5 billion. IMS plays a pivotal role in the 5G ecosystem, enabling advanced multimedia services and ensuring low-latency communication, key benefits of 5G. Governments and manufacturers continue to invest in 5G, as evidenced by the FCC's auction of critical 5G spectrum bands in the US in March 2021.
Browse market data tables, figures, and in-depth TOC on “IP Multimedia Subsystem Market” by Component (Product, Services) Application (Mobile operators, Fixed operators) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Component, the Product segment is projected to dominate the market size in 2024
Mobile operators in the market of focus possess a strategic advantage, as they provide both fixed and mobile communication services. This positioning enables them to continue being the preferred choice for consumers and businesses in the market. By offering unified communication solutions that seamlessly transition between mobile and fixed-line connections, these operators cater to the evolving needs of users. Furthermore, the adoption of IP Multimedia Subsystems (IMS) is expected to accelerate among mobile operators, allowing them to save costs by leveraging their existing infrastructure.
By Application, Mobile operators segment is expected to hold the largest market size for the year 2024
The IP multimedia subsystem (IMS) market is poised for significant growth in the coming years, particularly in the product segment. Telecom operators are increasingly deploying IMS solutions to offer advanced services such as VoLTE, VoWiFi, RCS, and UCaaS. Leading technology vendors have developed a range of IMS offerings for mobile network operators (MNOs), enabling networks to become more intelligent and responsive. The proliferation of smartphones, tablets, wearables, laptops, and other wireless devices has fueled the demand for IMS solutions, driving market expansion. This trend is expected to continue as more individuals and enterprises adopt these technologies.
APAC is forecasted to hold the largest market size by region in 2024
The Asia-Pacific (APAC) region is experiencing robust economic growth, making it a prime market for the adoption of advanced technologies such as smart cities, autonomous vehicles, IoT applications, home automation, industrial automation, and intelligent processing technologies. These trends, coupled with network infrastructure upgrades and the presence of a large number of mobile service providers, are driving the growth of the IP Multimedia Subsystem (IMS) market in APAC. Furthermore, the region's telecom enterprises are well-established, and the expansion of wireless broadband networks is accelerating IMS sales. Virtualization is also being adopted at an unprecedented rate, providing additional impetus to market expansion.
The IP Multimedia Subsystem Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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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 dynamic and growing sector in the telecommunications industry, driven by the increasing demand for real-time, multimedia communication services. IMS enables the delivery of multimedia capabilities such as push services for Audio, Messaging, Video, and Instant Messaging over various networks, including Wi-Fi, broadband, and cellular networks. IMS offers Quality of Services (QoS) for Push-to-Talk, Multimedia Conferencing, and VoIP segment. The market is witnessing high adoption by network operators and service providers to offer a portfolio of services, including multimedia applications, social media services, and IP-based services. The penetration of IMS is increasing due to the convergence of networks, leading to the deployment of converged networks, IP telephony, and cloud computing. The IMS market is witnessing significant capital expenditure and operating costs due to the need for network integration, system deployment, and communication protocols. Security threats, such as data hacking and confidential information breaches, are major concerns, leading to the adoption of multifactor security options, authentication, and network security solutions. IMS solutions offer real-time communication, including multimedia messaging, video calling, VoLTE, and IMS solutions, enabling the delivery of converged networks and multimedia content delivery. Network service providers are investing in broadband infrastructure to offer high-speed internet connectivity and broadband services, including VoIP services and multimedia services. The IMS market is expected to grow significantly in the coming years, driven by the increasing adoption of 5G networks, LTE networks, mobile broadband, and mobile networks. The market is expected to offer revenue-generating services, including network management, system integration, network equipment, and internet service providers. The communication technology and telecommunications industry are witnessing significant changes due to the adoption of IP multimedia applications, subscriber data management, and IP-based services.
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