Researchstore.biz launched a study titled “Global IP Multimedia Subsystem (IMS) Market by Component (Product and Service), Telecom Operator (Mobile Operators, Fixed Operators), Services (Web, Messaging, Voice, Video, VoLTE, Rich Communication Services (RCS), Others), Application (Mobile Phones, Personal Digital Assistants (PDAS), Desktops/Laptops, Digital Subscriber Line (DSL), Cable Set-Top Box), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa)” and Global Forecast 2018-2025.
The global IP multimedia subsystem (IMS) market is expected to grow from USD 1.23 Billion in 2017 to USD 4.26 Billion by 2025 at a CAGR of 16.85% during the forecast period from 2018-2025. Major drivers that fuel the growth of IP multimedia subsystem (IMS) market are:
- Increasing network infrastructure worldwide
- Reduced operating expense and capital expenditure
- Emergence of 5G
IMS are used for integrated network of telecommunications carrier to send voice, video, and texts through IP network. These IP network uses packet communications and encodes the message to transfer it through wired or wireless network. The IMS enables operators to provide new services online without forcing subscribers to change carriers and can be easily used on mobile phones, personal digital assistants (PDAS), and desktops/laptops. The IMS provides efficient and robust services for the transmission of the data or information.
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Increasing network infrastructure worldwide is anticipated to drive the IP multimedia subsystem (IMS) market:
Increasing network infrastructure worldwide and reduced operating expense and capital expenditure are the key driving factors for the IP multimedia subsystem (IMS) market. The reluctance in transiting from the legacy infrastructure to a virtualized infrastructure and lack of skilled workforce may limit the growth of market. However, emergence of 5G and huge opportunity for network operators in volte and Voice over Wi-Fi is expected to boost the IP multimedia subsystem (IMS) market over the forecast period.
The global IP multimedia subsystem (IMS) market is segmented on the basis of component, telecom operator, services, application, and regions.
Mobile operators segment held the largest market share of 55.13% in 2017.
Operator segment covers mobile operators and fixed operators. Mobile operators segment is anticipated to grow with the highest CAGR as IP multimedia subsystem (IMS) market. The mobile operators need scalable and cost-effective solutions and are adopting IMS solutions due to reduced operating expense and capital expenditure.
Service segment anticipated to grow with CAGR of 17.14% over the forecast period
Components segment includes product and service. Services segment is anticipated to grow with the highest CAGR over the forecast period. IMS services assist enterprises in reducing capital costs and operational costs as well as help in increasing the overall revenues to improve the business performance, these are the key factors to drive the demand of services segment
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region registered valued around USD 354.73 Million in 2017. The rising penetration of telecommunication services and larger infrastructure investment by communication service providers are the major factors that led to the growth of IP multimedia subsystem (IMS) market in this region.
The major players of IP Multimedia Subsystem (IMS) market include Nokia, Ericsson, IBM Corporation, Huawei Technologies, Italtel S.p.A, Cisco Systems, Samsung, Alcatel-Lucent, Oracle, Cirpack SAS, ZTE Corporation, NEC Corp, Mitel Networks Corporation, MTN Irancell Telecommunications, Emirates Telecommunication Group, and among others.
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