Global IP Multimedia Subsystem Market was valued at US$ 2.07 Bn. in 2020. Global IP Multimedia Subsystem Market size is estimated to grow at a CAGR of 13.07 %.
IP Multimedia Subsystem Market Overview:
The Global IP Multimedia Subsystem Market The IP Multimedia Subsystem (IMS) Market is expected to reach US$ 4.89 billion by 2027, increasing at a CAGR of 13.07 percent between 2021 and 2027. The IMS is a network of integrated telecommunications carriers that can handle packet communications in any format through landline or wireless. Traditional telephony, e-mail, Internet access, fax, Web services, instant messaging (IM), Voice over IP (VoIP), video on demand, and video conference sessions are examples of these communications. The IMS architecture decomposes the network into distinct control, application, and transport layers using standardised interfaces to promote flexibility, scalability, and extensibility.
Historical Forecast Period:
Maximize Market Research report presents the analysis of each segment from 2021 to 2027 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2020to 2027.
IP Multimedia Subsystem Market Overview and Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the IP Multimedia Subsystem Market segments which include products, applications, and competitor analysis.
The IP multimedia subsystem enables secure and reliable multimedia communications across a wide range of devices and networks. The introduction of VoLTE and LTE, as well as the requirement for a global standard for network services and infrastructure, have all fueled the IMS market. Aside from that, according to the report, the major difficulty for every telecom service provider is to manage their network at the lowest unit cost structure while also remaining open to new revenue sources, and IP multimedia subsystems (IMS) can help with this.
The market is forecasted from 2021 to 2027 using 2020 as a base year. The market size for 2020 is based on actual figures and outputs from key companies and big players around the world. When predicting the market until 2027, the previous five years' patterns are taken into account. 2020 is a year of exception, with the impact of lockdown by region being studied in particular.
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Segmentation:
During the projected period, the mobile operator segment is expected to increase at the fastest rate of 14.87 percent. Upgrades to ageing technology to meet current end-user demands, strong rivalry, and exclusive OPEX and CAPEX have all been issues for mobile operators. As a result, operators are looking for solutions that are both cost-effective and scalable. Because of a shift in customer choice for smartphone devices and next-generation technology, greater investment in 5G infrastructure development is one of the primary reasons driving mobile operators' segment.
During the projected period, the product segment is expected to increase at the fastest rate of almost 15%. With Voice over Wireless Fidelity (VoWiFi), Voice over LTE (VoLTE), Unified Communications-as-a-Service (UCaaS), and Rich Communication Services, telecom operators are building IMS solutions on a large scale to support a variety of use cases (RCS). Many IMS solutions for MNOs have been developed by leading IT and telecom vendors such as IBM, Motorola, Cisco, Ericsson, Nortel, Metaswitch, and others.
Key Players:
• Oracle
• Huawei
• Ericsson
• NEC
• Nokia
• ZTE
• Athonet
• Cirpack
• Cisco
• Commverge Solutions
• Dialogic
• Interop Technologies
• Italtel
• WIT Software
• Metaswitch
• Mavenir
• Radisys
• Ribbon Communications
• Samsung
Regional Analysis:
Regional analysis is another highly comprehensive part of the research and analysis study of the IP Multimedia Subsystem Market presented in the MMR report. Local development plans are often affected by the performance of IP Multimedia Subsystem market. Our report briefly explains all the factors, market size, growth rate, import and export in regions covering North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This research has provided market trends, key opportunities, factors affecting of particular regions, to examine the global and domestic IP Multimedia Subsystem market and these findings have been strategically presented in the report.
Competition Landscape:
Most of the key players present in the IP Multimedia Subsystem Market are focusing on mergers and acquisitions to expand their geographic presence and gain a competitive edge. Meanwhile, some of the other players are updating their existing product portfolios and adding innovative screens to keep up with the high consumer demand and generate more sales.
Key questions answered in IP Multimedia Subsystem Market report
- What was the market size of IP Multimedia Subsystem Market in 2020 and forecast up to 2027?
- Which is the largest regional IP Multimedia Subsystem Market?
- What are the major trends followed in IP Multimedia Subsystem Market across different regions?
- Who is the key IP Multimedia Subsystem Market companies leading the market?
- What are the key strategies adopted by the leading IP Multimedia Subsystem Market companies in market?
- Unique data points of this report
- Statistics on IP Multimedia Subsystem Market penetration and spending worldwide
- Recent trends across different regions in terms of adoption of IP Multimedia Subsystem Market for various end-use.
- Notable developments going on in IP Multimedia Subsystem Market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2020 (actual) and 2027 (forecast)
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