Press release
Global IP Multimedia Subsystem Market to Reach $7.67 Billion by 2029, Growing at 17% CAGR
IP Multimedia Subsystem Market
The upswing in the use of multimedia applications is predicted to stimulate the expansion of the IP multimedia subsystems market in the future. The comprehensive power of multimedia as a communication tool, effectively conveying ideas and thoughts, makes it widespread in applications that require engaging, visually rich, and three-dimensional environments due to its capabilities. The IP multimedia subsystem facilitates adequate communication services across various multimedia applications. For example, StatCounter, a website statistics program based in Ireland, reported a rise in social media users in Europe from 7.29% in August 2024 to 8.54% in September 2024. Consequently, the escalating usage of multimedia applications is propelling the growth of the IP multimedia subsystems market.
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What Is the projected market size and growth rate for the ip multimedia subsystem market?
The market size for the IP multimedia subsystem has seen quick expansion in the past few years. The market value is predicted to increase from $3.69 billion in 2024 to $4.16 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.8%. The significant growth observed in the historic period is predominantly due to the surge in OTT services, industry partnerships and standards, volte implementation, convergence in the telecom industry, and swift rise in mobile data traffic.
In the coming years, substantial growth is anticipated for the IP multimedia subsystem market. Predictions indicate a rise to $7.67 billion by 2029 with a compound annual growth rate (CAGR) of 16.5%. The growth during the forecast timeframe is likely due to increased interest in rich communication services (RCS), growth in the internet of things (IoT), the advent of cloud-based IMS solutions, and integration with virtualization and NFV. Other factors contributing to growth are the demand for superior multimedia services and government strategies and regulations. Notable future trends are anticipated to include market competition and innovation, the adoption of unified communications by enterprises, the strategic approaches of mobile network operators, and the focus of service providers on consumer experience.
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What new trends are reshaping the ip multimedia subsystem market and its opportunities?
Technological progression is an emerging trend gaining traction in the IP multimedia subsystem market. Major firms are investing in research and development to innovate their products, thereby securing their market position. For example, GL Communications Inc., a multinational corporation based in South Korea that offers telecommunication equipment and services, launched its advanced conformance testing tool in January 2022. This tool, known as the MAPS LCS Test Suite, supports a variety of telecommunication protocols simulation and runs based on the unique feature of Session Initiation Protocol (SIP). SIP is a sophisticated signaling protocol facilitating real-time communication sessions among internet protocol devices, permitting voice, messaging, video, and more communication modes between endpoints on IP networks. The MAPS LCS Test Suite provides a comprehensive network environment, thus allowing customers to test their applications, devices, and services within the IP multimedia subsystem (IMS) infrastructure using readily available testbed setups.
What major market segments define the scope and growth of the ip multimedia subsystem market?
The IP multimedia subsystem market covered in this report is segmented -
1) By Component: Product, Services
2) By Operators: Mobile Operators, Fixed operators
3) By Application: Internet And Web Service, VoIP, SMS, Video Conferencing, Video On Demand, Other Application
4) By End User: Consumer, Enterprise
Subsegments:
1) By Product: IMS Core Components, Application Servers, Session Border Controllers, Gateways, User Equipment (UE)
2) By Services: Consulting Services, Implementation And Integration Services, Managed Services, Support And Maintenance Services, Training Services
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Which region dominates the ip multimedia subsystem market?
North America was the largest region in the IP multimedia subsystem 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 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the ip multimedia subsystem industry growth?
Major companies operating in the IP multimedia subsystem market are Huawei Technologies Co. Ltd., Cisco System Inc., Telefonaktiebolaget LM Ericsson, NEC Corporation, Nokia Corporation, Samsung Electronics Co. Ltd., ZTE Corporation, CommVerge Solutions Limited, International Business Machines Corporation, Ribbon Communications Inc., Oracle Corporation, Alcatel-Lucent S.A., BroadSoft Inc., Dialogic Corporation, Genband Inc., Italtel SpA, Mavenir Systems Inc., Metaswitch Networks Ltd., Radisys Corporation, Sonus Networks Inc., Technicolor SA, Telefónica SA, Telenity Inc., Tekelec Inc., Acme Packet Inc., Amdocs Inc., Avaya Inc., Comverse Inc., Juniper Networks Inc.
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What Is Covered In The IP Multimedia Subsystem Global Market Report?
• Market Size Forecast: Examine the ip multimedia subsystem market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the ip multimedia subsystem market for a structured understanding.
• Key Players Overview: Analyze major players in the ip multimedia subsystem market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ip multimedia subsystem market.
• Segment Contributions: Evaluate how different segments drive overall growth in the ip multimedia subsystem market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ip multimedia subsystem market.
• Industry Challenges: Identify potential risks and obstacles affecting the ip multimedia subsystem market.
• Competitive Landscape: Review strategic developments in the ip multimedia subsystem market, including expansions, agreements, and new product launches.
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