Press release
IP Multimedia Subsystem (IMS) Services Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
IP Multimedia Subsystem (IMS) Services Market Forecast
The trend of working remotely is set to boost the expansion of the IP multimedia subsystem (IMS) services market. The term 'remote work culture' represents a company's digital framework that encourages connectivity between staff based on mutual interests, experiences, and objectives. This culture is prospering due to shifts in employee expectations, overhead savings for businesses, and the necessity for more adaptability in employment setups. IP multimedia subsystem (IMS) services promote smooth communication and teamwork in distant work settings via unified voice, video, and data services over IP networks. For example, data from the U.S. Bureau of Labor Statistics in September 2023 indicated that about 19.5% of the workforce were involved in teleworking or remunerative work from home in August 2023, steady with the 17.9% to 20% range documented from October 2022 through August 2023. Consequently, the ascendance of remote work culture fuels the advancement of the IP multimedia subsystem (IMS) services market.
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What growth opportunities are expected to drive the ip multimedia subsystem (ims) services market's CAGR through 2034?
The market size of IP multimedia subsystem (IMS) services has seen swift expansion in the past few years. The market, which is projected to escalate from $3.42 billion in 2024 to $4 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 17.0%. The historical growth is largely influenced by factors such as the rising demand for combined services, an increase in smartphone and mobile data usage, the implementation of long-term evolution (LTE) networks, the popularity of OTT services and a growing need for superior multimedia experiences.
The market size for IP multimedia subsystem (IMS) services is predicted to experience swift expansion in the coming years, ballooning to $7.41 billion in 2029 with a compound annual growth rate (CAGR) of 16.7%. This anticipated growth within the predicted period is largely due to the growing acceptance of 5G networks, increased demand for VoLTE, spread of Internet of Things (IoT) devices, transition to cloud-based services, and necessity for rich communication services (RCS). The forecast period will also see major trends such as the utilisation of artificial intelligence (AI) and machine learning (ML) technologies, integration of IMS services with multi-access edge computing (MEC), AI-fueled automation, and the coupling of IMS services with edge computing platforms.
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What are the emerging trends shaping the future of the ip multimedia subsystem (ims) services market?
Prominent players in the IP multimedia subsystem (IMS) services industry are prioritizing the creation of advanced solutions, like MAPS session initiation protocol (SIP)-supported IP multimedia subsystems (IMS), to establish a stronger position in the market. The role of MAPS SIP-based IP multimedia subsystem (IMS) is to provide a platform for disseminating multimedia services on IP networks, with SIP acting as the key signaling protocol to start and manage communication processes. For instance, in March 2022, the US-based telecom consulting services firm, GL Communications Inc., announced the introduction of the MAPS Session Initiation Protocol (SIP) IMS Test Suite. MAPS is a sophisticated emulation software, that accommodates multiple protocols and interfaces for signaling and traffic generation, covering voice, tones, digits, fax, data, and video in a unified system. The test suite provides an extensive network environment, enabling users to test their applications, devices, and services prior to launching them on a network.
Which growth-oriented segments of the ip multimedia subsystem (ims) services market are leading the industry's development?
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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What regions are leading the charge in 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 companies are at the forefront of innovation in the ip multimedia subsystem (ims) services market?
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.
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What Is Covered In The IP Multimedia Subsystem (IMS) Services Global Market Report?
•Market Size Forecast: Examine the ip multimedia subsystem (ims) services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the ip multimedia subsystem (ims) services market for a structured understanding.
•Key Players Overview: Analyze major players in the ip multimedia subsystem (ims) services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ip multimedia subsystem (ims) services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the ip multimedia subsystem (ims) services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ip multimedia subsystem (ims) services market.
•Industry Challenges: Identify potential risks and obstacles affecting the ip multimedia subsystem (ims) services market.
•Competitive Landscape: Review strategic developments in the ip multimedia subsystem (ims) services market, including expansions, agreements, and new product launches.
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