IP Multimedia Subsystem Market Trends, Top Companies, Share, Growth And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's IP Multimedia Subsystem Global Market Report 2023 identifies increase in usage of multimedia applications as the major driver for the IP multimedia subsystem market's growth in the forecast period. Multimedia is a comprehensive tool for communicating ideas and thoughts to others in a more effective manner. Multimedia is used in a wide range of applications associated with engaging, highly visual, and three-dimensional environments due to its performance. The IP multimedia subsystem helps enable proper communication services in various multimedia applications.

The global IP multimedia subsystem market size is expected to grow from $2.90 billion in 2022 to $3.31 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The IP multimedia subsystem market is expected to grow to $5.63 billion in 2027 at a CAGR of 14.2%.

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Major competitors in the IP multimedia subsystem market are Huawei Co., Ltd., Cisco System Inc., Ericsson, NEC Corporation, Nokia Corporation, ZTE Corporation, Dialogic, Cirpack, Athonet, Oracle, International Business Machines Corporation.

A key trend in the IP multimedia subsystem market includes technological advancement. Major companies are focused on research and development for product innovations to strengthen their position in the market. For instance, in January 2022, GL Communications Inc., a South Korea-based multinational company operating in telecommunication equipment and services, introduced its advanced conformance test tool that supports the simulation of a wide range of telecommunication protocols and works on the unique feature of Session Initiation Protocol (SIP), known as the MAPS LCS Test Suite. Session initiation protocol (SIP) refers to an advanced signalling protocol that uses real-time communication sessions between internet protocol devices and enables voice, messaging, video, and other communication channels between endpoints on IP networks. The MAPS LCS Test Suite offers a full-fledged network environment that provides clients with the ability to test their applications, devices, and services within the IP multimedia subsystem (IMS) infrastructure using ready-to-use testbed setups.

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The IP multimedia subsystem market is segmented -
• By Component: Product and Services

• By Operators: Mobile operators, Fixed operators

• By End User: Consumer, Enterprise

• By Application: Internet and Web Services, VoIP, SMS, Video Conferencing, Video on Demand, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the IP multimedia subsystem market.

The Business Research Company's "Global IP Multimedia Subsystem Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The IP Multimedia Subsystem Market Include:
1. Executive Summary
2. IP Multimedia Subsystem Market Characteristics
3. IP Multimedia Subsystem Market Trends And Strategies
4. IP Multimedia Subsystem Market - Macro Economic Scenario
5. IP Multimedia Subsystem Market Size And Growth
……
26. Africa IP Multimedia Subsystem Market
27. IP Multimedia Subsystem Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IP Multimedia Subsystem Market
29. IP Multimedia Subsystem Market Future Outlook and Potential Analysis
30. Appendix

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