Press release
IP Multimedia Subsystem (IMS) Services Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
IP Multimedia Subsystem IMS Services
How Large Will the IP Multimedia Subsystem (IMS) Services Market Size By 2025?
The market size for IP multimedia subsystem (IMS) services has witnessed significant growth in the past years. There has been a forecasted growth from $3.42 billion in 2024, rising to $4 billion in 2025, displaying a compound annual growth rate (CAGR) of 17.0%. The growth period previously observed is owed to the escalating requirements for integrated services, a growing trend in smartphone and mobile data utilization, the implementation of long-term evolution (LTE) networks, the emergence of OTT services, and the rising demand for superior multimedia experiences.
How Big Is the IP Multimedia Subsystem (IMS) Services Market Size Expected to Grow by 2029?
In the next couple of years, a swift expansion is anticipated in the IP multimedia subsystem (IMS) services market, where it is projected to reach $7.41 billion by 2029, exhibiting a CAGR of 16.7%. This surge during the forecasted timeframe can be credited to factors such as the escalating adoption of 5G networks, growing customer preference for VoLTE, the spread of Internet of Things (IoT) devices, the transition towards cloud-oriented services, and the need for rich communication services (RCS). Significant trends for this projected duration incorporate the implementation of artificial intelligence (AI) and machine learning (ML) technologies, assimilation of IMS services with multi-access edge computing (MEC), automation propelled by AI, and the integration of IMS services with edge computing platforms.
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Which Key Market Drivers Powering IP Multimedia Subsystem (IMS) Services Market Expansion and Growth?
The growth of the IP multimedia subsystem (IMS) services market in the future is expected to be driven by the expanding remote work culture. The term "remote work culture" is used to describe a company's digital environment that promotes connectivity between employees through shared experiences, priorities, and interests. This culture of remote work is on the rise due to factors like evolving employee preferences, potential cost savings for employers, and the demand for greater work flexibility. IMS services contribute to this by enabling flawless communication and teamwork in remote workspaces, integrating voice, video, and data capabilities across IP networks. In August 2023, for instance, the U.S. Bureau of Labor Statistics, an American government agency, reported that roughly 19.5% of workers were involved in telework or paid home-based work, a figure that is consistent with the 17.9% to 20% range observed from October 2022 to August 2023. As a result, the increasing prominence of remote work culture is facilitating the growth of the IP multimedia subsystem (IMS) services market.
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Which Fast-Growing Trends Are Poised to Disrupt the IP Multimedia Subsystem (IMS) Services Market?
Leading firms in the IP multimedia subsystem (IMS) services market are strategizing to build state-of-the-art solutions such as MAPS session initiation protocol (SIP)-based IP multimedia subsystems (IMS), with the goal of cementing their market foothold. This technology, MAPS SIP-based IMS, is essentially a structure designed for providing multimedia services across IP networks, where SIP takes the lead as the main signaling protocol to kickstart and supervise communication sessions. To demonstrate, in March 2022, GL Communications Inc., an American enterprise specializing in telecom consulting services, publicized the inauguration of their MAPS Session Initiation Protocol (SIP) IMS Test Suite. This versatile emulation software, MAPS, can support multiple signaling protocols and interfaces for generating traffic including voice, tones, digits, fax, data, and video, all within a consolidated framework. This test suite gives a complete network setting, enabling users to perform comprehensive tests on their applications, devices, and services prior to network deployment.
What Are the Emerging Segments 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the IP Multimedia Subsystem (IMS) Services Industry?
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.
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