IP Multimedia Subsystem Market is Expected to be on Course to Achieve Considerable Growth to 2030

Report Ocean published the latest research report on the IP Multimedia Subsystem market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the IP Multimedia Subsystem market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.

The global IP Multimedia Subsystem market revenue was US$ 2.38 billion in 2021. The global IP Multimedia Subsystem market revenue is forecast to reach US$ 7.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.5% during the forecast period from 2022-2030.

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IP multimedia subsystem (IMS) is a telecommunications concept using a network of integrated carriers for packet communications over wireless or landline in all formats. Communication methods include telephone calls, faxes, e-mails, Internet access, Web services, VoIP, instant messaging, video conferencing, and video on demand. IP Multimedia Subsystem uses standardized interfaces to break down the network into discrete layers of the application, control, and transport layers in order to improve scalability, flexibility, and extensibility.

Factors Influencing Market Growth

There are several factors that are driving the global IP multimedia subsystem market, including the growing data traffic in the global cellular network and increasing emphasis on improving the cellular infrastructure.
Longer deployment times of telecom infrastructure and higher maintenance costs of telecommunication equipment may negatively impact the global market growth.
Telecom technology advancements and rapid industry transformations will create lucrative opportunities for the overall IP multimedia subsystem market.
Impact Analysis of COVID-19

COVID-19 had a mixed impact on the global IP multimedia subsystem market. Many businesses relied on the telecommunications sectors to ensure business continuity during times of crisis, and hence this factor positively impacted the global market during the pandemic. However, due to disruptions in the global supply chain, many telecommunications industry players slowed their expansion/upgrade for their telecommunications network infrastructure due to the lack of necessary parts and labor during this period. As a result, telecom sector giants involved in sports or related domains suffered losses and had to rely on other sectors for income during this period.

Post-COVID-19, the global market for IP multimedia subsystems is forecast to grow as governments worldwide ease restrictions.

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Regional Insights

North America is forecast to grow significantly in the global IP multimedia subsystem market during the forecast period. Big telecom giants operate in North America. New use cases, such as RCS, private LTE, and wireless broadband enable mobile carriers to deploy new services on their networks. The IMS service allows mobile devices like smartphones and laptops to access Internet services over cellular, broadband, Wi-Fi, and other networks. Due to the growing use of smartphones in the United States, individuals are adopting multimedia applications to better their communication. Telecom network infrastructure is growing in North America due to supportive government policies.

Leading Competitors

The leading companies profiled in the global IP multimedia subsystem market are:

Athonet Srl
Cirpack
Cisco Systems, Incorporated
Ericsson
Huawei Technologies Co., Limited
International Business Machines Corporation
NEC Corporation
Nokia Corporation
Interop Technologies
Oracle Corporation
Radisys Corporation
ZTE Corporation
WIT Software
Samsung Group
Other Prominent Players
Scope of the Report

The global IP multimedia subsystem market segmentation focuses on Components, Operators, and Region.

Segmentation based on Mobile Operators

Mobile operators
Fixed operators
Segmentation based on Components

Product
Services
Professional services
Consulting
Integration and deployment
Training and support
Managed services
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Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the goal of the report?

The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
During the forecast period, the report analyzes the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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