Impact of 5G and IoT on the IP Multimedia Subsystem (IMS) Market Insights: Trends, Opportunities

According to the report published by Allied Market Research, the global IP multimedia subsystem market generated $2.1 billion in 2020, and is expected to reach $7.2 billion by 2030, exhibiting a CAGR of 13.5% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.

The IP Multimedia Subsystem (IMS) is a framework for delivering IP multimedia services, enabling the convergence of various communication services, such as voice, video, messaging, and data, over IP networks. IMS is designed to provide a standardized, open, and flexible architecture that allows service providers to offer rich multimedia services to their customers cost-effectively and efficiently.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/A14410

Rise in data traffic in global cellular networks and development in global cellular network infrastructure fuel the global IP multimedia subsystem market. On the other hand, longer deployment time for telecommunication infrastructure, high cost of installation, and maintenance of telecommunication equipment hinder the market. On the contrary, development in the field of telecom and rapid transformation of the telecommunications industry creates several lucrative opportunities.

The growth of the IP Multimedia Subsystem market is fueled by the increasing demand for VoIP services, RCS, 5G integration, unified communications, IoT deployments, network convergence, virtualization, security, government initiatives, and the global expansion of communication services. These factors collectively contribute to the widespread adoption of IMS solutions across various industries and regions.

1. Rise in VoIP Services: With the increasing popularity of VoIP services for voice communication, IMS plays a crucial role in enabling these services. Many businesses and consumers are adopting VoIP as a cost-effective alternative to traditional telephone services. IMS provides the necessary framework for VoIP deployment, leading to its market growth.

2. Demand for Rich Communication Services (RCS): RCS includes advanced messaging features such as group chats, file sharing, and multimedia messaging. IMS facilitates the delivery of RCS, making it an essential component for mobile network operators and communication service providers looking to offer enhanced messaging solutions to their customers.

3. Transition to 5G Networks: The rollout of 5G networks is a major driver for IMS adoption. IMS enables the seamless integration of 5G services, such as ultra-reliable low latency communication (URLLC), massive machine type communication (mMTC), and enhanced mobile broadband (eMBB). As operators upgrade their networks to 5G, IMS becomes indispensable for delivering a wide range of multimedia services.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/A14410

COVID-19 scenario:

• The telecommunication sectors were responsible to maintain business continuity during the pandemic and hence did not face any major challenges. Moreover, the pandemic created shortage of raw materials and workforce.

• The interrupted global supply chain forced several telecommunications industry players to postpone their expansion.

• During the pandemic period, telecoms sector market players operating in sports and related domains suffered major losses, which negatively affected the global IP multimedia subsystem market.

Based on operators, the mobile operators segment contributed to the highest market share in 2020, attributing to more than four-fourths of the total market share, and is anticipated to lead during the forecast period. The segment is expected to manifest the fastest CAGR of 13.7% from 2021-2030. The report also analyzes the fixed operators segment.

North America is expected to have the largest market share of the IP Multimedia Subsystem, during the forecasted period. Major telecom giants are making North America home. Network companies are implementing new applications for their networks, such as RCS, private LTE, and wireless broadband. IMS services allow devices such as smartphones and laptops to access services across a wide range of networks, including mobile phones, broadband, Wi-Fi, and more.

Buy Now & Get Exclusive Report at: https://www.alliedmarketresearch.com/ip-multimedia-subsystem-market/purchase-options

People are embracing multimedia applications to improve their communication in response to the increasing use of smartphones in the United States. These factors are driving the growth of the market. Moreover, political authorities are emphasizing the development of current communication networks with the ability to access the 5G network, which provides opportunities for IMS market growth.

Key players of the global IP multimedia subsystem industry analyzed in the research include Athonet srl, Cisco Systems, Inc., NEC Corporation, Cirpack, Ericsson, Huawei Technologies Co., Ltd., Oracle Corporation, Huawei Technologies Co., Ltd., International Business Machines Corporation, ZTE Corporation, and Nokia.

Key Benefits For Stakeholders

• The study provides an in-depth analysis of the IP Multimedia Subsystem market growth along with current trends and future estimations to elucidate imminent investment pockets.

• Information about key drivers, restraints, and opportunities and their impact analysis on the IMS market size is provided in the report.

• Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the IMS industry.

• The quantitative analysis of IP Multimedia Subsystem market for the period 2020-2030 is provided to determine the IP multimedia subsystem market forecast.

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A14410

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have special requirements, please tell us, and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.