IP Multimedia Subsystem Market Analysis, Growth, Share, Market Trends, Forecast to 2027|Top Key Players Allot Communication, LM Ericsson, Ascom Holdings AG, Oracle, Huawei Technologies Co. Ltd. and Bradford Networks, Inc.

Market Overview

The international IP Multimedia Subsystem market accounted for USD 1.41 billion in 2017 and is expected to increase at a Compound Annual Growth Rate (CAGR) of 15.7 percent to USD 3.71 billion by 2023. The study's base year is 2017, and the projected period is from 2018 to 2023.

The IP Multimedia Subsystem (IMS) is a standardized open architecture that provides telephony and multimedia services over IP. An IP multimedia subsystem's major goal is to unify multimedia services worldwide on IP and cellular networks by utilizing identical standard protocols for stationary and mobile IP services.

Cost-effectiveness, enhanced performance, profitability, and low operational costs are all advantages of the IP multimedia subsystem. Mobility, cloud computing, and other wireless networks are also next-generation technologies that could be integrated with the IP multimedia subsystem. An increased need for automation will aid the expansion of the IP Multimedia Subsystem Market. According to the IP Multimedia Subsystem Market Forecast, the market is expected to increase at a rate of 18 percent. The market is anticipated to be worth $4 billion.

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Market Segmentation

The IMS industry is divided into operators, components, and regions. The market is divided into goods and services depending on the component, plus fixed operators and mobile operators depending on operators.

Regional Classification

The IP multimedia subsystem market is divided into North America, Europe, South America, Asia Pacific, and the Middle East and Africa based on region.

North America is estimated to account for the highest share of the IP Multimedia Subsystem market during the forecast period, followed by Europe. Big telecom behemoths call North America home. Mobile operators are deploying new use cases on their networks, like private LTE, RCS, and wireless broadband. In 2018, the US government plans to launch the Citizens Broadband Radio Service (CBRS) band for private enterprises and businesses, which will spur the IMS market's expansion. As a result, North America is predicted to hold the highest market share in the worldwide IMS market during the forecast period.

Because the bulk of fixed and mobile operators in the APAC area are still utilizing old IMS solutions, the area is likely to grow rapidly in the next years. This tendency is projected to shift in the future, with operators opting for virtualized and cloud-based solutions. Furthermore, APAC has contributed the most to the global mobile subscriber base and will likely add more customers to its network within the coming years.

Industry News

The telecoms sector has progressed. The IP Multimedia Subsystem (IMS) network model, which is already powering crucial industrial networks (like VoLTE as well as VoWiFi networks) and also 5G cellular networks, has a bright future (that are presently being deployed around the world). As the range of applicants enabled by the model expands, the IP multimedia subsystem (IMS) market will likely grow in the coming years.

The growing demand for advanced technology from service providers to lower prices by transitioning to next-generation networks that support voice, video, and data services across various types of network access like wireline, wireless, and others has speeded up the international market for IP multimedia subsystems. Service providers can use the IP multimedia subsystem to provide a wide range of real-time, tailored commercial and consumer multimedia services over several networks.

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IP Multimedia Subsystem Market, By Access Network (Fixed Access, Mobile access, Wireless access), By Applications (Personal Digital Assistants, Computers/Laptops, Digital Subscriber Line, Cable Set-Top Box), By Services (videos, Web, Message) - Forecast 2027

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