Press release
Riding the Wave: IP Multimedia Subsystem Market Pegged at $7.67 Billion by 2029 with 16.5% CAGR
IP Multimedia Subsystem Market Size
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What Is The Projected Market Size Of The Global IP Multimedia Subsystem Market And Its Growth Rate?_x000D_
• The IP multimedia subsystem market size has grown rapidly in recent years, with its value propelled from $3.69 billion in 2024 to an estimated $4.16 billion in 2025 with a compound annual growth rate (CAGR) of 12.8%. _x000D_
• Growth factors during this historic period include the rise in OTT services, industry collaboration and standards, VoLTE implementation, telecom industry convergence, and rapid growth in mobile data traffic. _x000D_
• The market is expected to see further acceleration in the coming years, reacing $7.67 billion in 2029 at a compound annual growth rate (CAGR) of 16.5%. _x000D_
• The forecast period growth can be attributed to increasing demand for rich communication services (RCS), internet of things (IoT) expansion, cloud-based IMS solutions, virtualization and NFV integration, demand for enhanced multimedia services, and government initiatives and policies._x000D_
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What Is Driving The Growth In The IP Multimedia Subsystem Market?_x000D_
The uptick in usage of multimedia applications forms a solid bedrock for the growth trajectory of the IP multimedia subsystems market. Multimedia has become a paramount tool in communications, effectively transmitting ideas and thoughts. Its applications in interactive, visually engaging, and three-dimensional environments have increased due to its versatility. The IP multimedia subsystem enables apt communication services across varied multimedia applications. For instance, September 2024 saw a significant rise in social media users in Europe from 7.29% in August 2024 to 8.54%, according to StatCounter. Consequently, this growth in multimedia application usage is driving the expansion of the IP multimedia subsystems market._x000D_
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Who Are the Key Players Driving IP Multimedia Subsystem Market Growth?_x000D_
• Huawei Technologies Co. Ltd._x000D_
• Cisco System Inc._x000D_
• Telefonaktiebolaget LM Ericsson_x000D_
• NEC Corporation_x000D_
• Nokia Corporation_x000D_
• Samsung Electronics Co. Ltd._x000D_
• ZTE Corporation_x000D_
• CommVerge Solutions Limited_x000D_
• International Business Machines Corporation_x000D_
• Ribbon Communications Inc._x000D_
• Oracle Corporation_x000D_
• Alcatel-Lucent S.A._x000D_
• BroadSoft Inc._x000D_
• Dialogic Corporation_x000D_
• Genband Inc._x000D_
• Italtel SpA_x000D_
• Mavenir Systems Inc._x000D_
• Metaswitch Networks Ltd._x000D_
• Radisys Corporation_x000D_
• Sonus Networks Inc._x000D_
• Technicolor SA_x000D_
• Telefónica SA_x000D_
• Telenity Inc. _x000D_
• Tekelec Inc._x000D_
• Acme Packet Inc._x000D_
• Amdocs Inc._x000D_
• Avaya Inc._x000D_
• Comverse Inc._x000D_
• Juniper Networks Inc._x000D_
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What Are The Key Trends In The IP Multimedia Subsystem Market?_x000D_
• Market competition and innovation_x000D_
• Enterprise adoption for unified communications_x000D_
• Mobile network operators' strategy_x000D_
• Service providers' focus on customer experience_x000D_
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What Are The Segments Of The Global IP Multimedia Subsystem Market?_x000D_
• By Component: Product, Services_x000D_
• By Operators: Mobile Operators, Fixed operators_x000D_
• By Application: Internet And Web Service, VoIP, SMS, Video Conferencing, Video On Demand, Other Application_x000D_
• By End User: Consumer, Enterprise_x000D_
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Which Region Leads The IP Multimedia Subsystem Market?_x000D_
In 2024, North America held the largest market share in the IP multimedia subsystem market. However, Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. The report covers insights from Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa._x000D_
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What Is Covered In The IP Multimedia Subsystem Market Global Market Report?_x000D_
This report delves into the IP Multimedia Subsystem Market analyzing its size, key players, growth trends, contribution of various segments to overall growth, key factors pushing market growth, Industry Challenges, Competitve Developments and identifying various subsegments for effective categorization._x000D_
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