Press release
IP Multimedia Subsystem (IMS) Services Market Set to Reach $7.41 Billion by 2029 with 16.7% Yearly Growth
IP Multimedia Subsystem IMS Services Market Report
The IP multimedia subsystem (IMS) services market is expected to grow from $3.42 billion in 2024 to $4 billion in 2025, at a CAGR of 17.0%. Growth drivers include the increasing demand for converged services, smartphone and mobile data usage proliferation, LTE network deployment, the rise of OTT services, and the demand for high-quality multimedia experiences.
The IP Multimedia Subsystem (IMS) Services market will grow to $7.41 billion by 2029 at a CAGR of 16.7%, fueled by 5G adoption, VoLTE demand, IoT device proliferation, cloud services, and rich communication services (RCS). Trends include AI/ML technologies, MEC integration, and AI-driven automation.
What Are the Forces Behind the Rapid Growth of the IP Multimedia Subsystem (IMS) Services Market?
The growth of remote work culture is expected to drive the expansion of the IP multimedia subsystem (IMS) services market. Remote work culture refers to a digital environment within an organization that fosters employee connectivity based on shared experiences, interests, and priorities. This culture is on the rise due to changing employee preferences, cost savings for employers, and the need for flexible work arrangements. IP multimedia subsystem (IMS) services support remote work by integrating voice, video, and data functionalities over IP networks, ensuring seamless communication and collaboration. For example, in September 2023, the U.S. Bureau of Labor Statistics reported that about 19.5% of workers were engaged in telework or worked from home in August 2023, consistent with the 17.9% to 20% range from October 2022 to August 2023. Thus, the growth of remote work culture is boosting the IP multimedia subsystem (IMS) services market.
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Who Are the Dominant Companies Influencing IP Multimedia Subsystem (IMS) Services Market Trends?
Major companies operating in the IP multimedia subsystem (IMS) services market are Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Nokia Corporation, Ericsson AB, NEC Corporation, ZTE Corporation, Mavenir Systems Inc., F5 Inc., Genesys Telecommunications Laboratories Inc., Italtel SpA, Ribbon Communications Inc., Avaya Holdings Corp, Dialogic Corporation, Aviat Networks Inc., Genband Telecommunications Private Limited, Metaswitch Networks Ltd., Allot Communications Ltd., CommVerge Solutions Limited, Interop Technologies LLC, Unify Technologies Pvt Ltd., CommuniGate Systems Inc., Bradford Networks Inc.
What Are the Emerging Trends in the IP Multimedia Subsystem (IMS) Services Industry?
Companies in the IP multimedia subsystem (IMS) services market are focusing on developing MAPS SIP-based IMS solutions to enhance communication over IP networks. In March 2022, GL Communications Inc., a US-based telecom company, launched the MAPS SIP IMS Test Suite, a software platform supporting multiple protocols for testing applications, devices, and services.
What Are the Different Segmentations in the IP Multimedia Subsystem (IMS) Services Market?
The IP multimedia subsystem (IMS) services market covered in this report is segmented -
1) By Service: Instant Messaging, Voice Over Internet Protocol (VoIP), Voice Over Long Term Evolution (VoLTE), Voice Over Wi-Fi (VoWiFi), Other Services
2) By Application: Residential, Enterprise, Government And Public Sector, Other Applications
3) By End-User: Telecom Operators, Enterprises, Government Organizations, Other End Users
Subsegments:
1) By Instant Messaging: Text Messaging (SMS, MMS), Multimedia Messaging (MMS), Chat and Group Messaging, Rich Communication Services (RCS)
2) By Voice Over Internet Protocol (VoIP): Enterprise VoIP, Residential VoIP, Mobile VoIP, VoIP For International Calling
3) By Voice Over Long Term Evolution (VoLTE): Voice Calls Over LTE Network, HD Voice Service, VoLTE For Mobile Operators, VoLTE For Enterprise Communication
4) By Voice Over Wi-Fi (VoWiFi): Voice Calls Over Wi-Fi Networks, Wi-Fi Calling For Mobile Devices, VoWiFi For International Roaming, VoWiFi For Home Or Office Use
5) By Other Services: Video Calling And Conferencing, Multimedia Streaming Services, Unified Communications Services, Real-Time Communication (RTC) Services, Push-To-Talk Services
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Which Region Is at the Forefront of the IP Multimedia Subsystem (IMS) Services Market?
North America was the largest region in the IP multimedia subsystem (IMS) services market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IP multimedia subsystem (IMS) services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The IP Multimedia Subsystem (IMS) Services Global Market Report?
- Market Size Analysis: Analyze the IP Multimedia Subsystem (IMS) Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IP Multimedia Subsystem (IMS) Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IP Multimedia Subsystem (IMS) Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IP Multimedia Subsystem (IMS) Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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