Regional Analysis of the IP Multimedia Subsystem Market: North America, Europe, Asia-Pacific, and Beyond

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.

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

The IP Multimedia Subsystem (IMS) is an architectural framework for delivering IP multimedia services. It is used to provide a standardized way of delivering voice, video, and data services over an IP network. IMS was initially developed by the 3rd Generation Partnership Project (3GPP) for mobile networks but has since been adopted by various types of networks, including fixed and wireless.

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.

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.

The report segments the global IP multimedia subsystem market on the basis of component, operators, and region.

Based on components, the product segment contributed to the highest market share in 2020, attributing to nearly four-fifths of the total market share, and is anticipated to dominate the market during the forecast period. On the other hand, the services segment is expected to manifest the fastest CAGR of 14.6% from 2021-2030.

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.

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

Based on region, North America contributed to the highest share in 2020, holding nearly two-fifths of the total share, and is expected to lead during the forecast period. The global IP multimedia subsystem market across the Asia-Pacific region is anticipated to exhibit the fastest CAGR of 15.5% during the forecast period.

North America is expected to be 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.

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.

Access the full summary at: https://www.alliedmarketresearch.com/ip-multimedia-subsystem-market-A14410

The worldwide COVID-19 pandemic led to a significant increase in traffic on global telecommunications networks over the past year. This surge was driven by businesses transitioning to remote work and educational institutions shifting to remote teaching and learning to ensure safety and mitigate virus spread. Consequently, there was a heightened dependence on telecommunication networks. According to AMR, the Indian telecom market experienced growth exceeding 16% by mid-2020, with similar patterns observed globally as consumers relied more heavily on telecommunications to meet their educational and professional needs while adhering to home isolation mandates.

These trends prompted telecommunications companies to boost their investments in the IP Multimedia Subsystem (IMS) market analysis during this period.

In 2020, the global IP multimedia subsystem market was predominantly led by product offerings, a trend expected to continue in the coming years. This dominance is attributed to mobile operators utilizing a broad range of IMS solutions to deliver various applications, including Voice over LTE (VoLTE), Voice over Wireless Fidelity (VoWiFi), Rich Communication Services (RCS), and Unified Communications as a Service (UCaaS).

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 Wi
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300n Sivers Drive
#205, Portland, OR 97220
United States
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. Allied Market Research 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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.