IP Multimedia Subsystem Market Size and Forecast 2024-2033|Huawei Technologies Co. Ltd., Cisco System Inc., Telefonaktiebolaget LM Ericsson, NEC Corporation, Nokia Corporation

Overview and Scope

The IP multimedia subsystem refers to a framework for delivering multimedia communications services over IP networks. The All-IP network serves as the foundation for the IP multimedia subsystem, and its primary purpose is to map and implement all communication services during switching and transfer.

Sizing and Forecast

The ip multimedia subsystem market size has grown rapidly in recent years. It will grow from $3.31 billion in 2023 to $3.77 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to rise in ott services, industry collaboration and standards, volte implementation, telecom industry convergence, rapid growth in mobile data traffic.

The ip multimedia subsystem market size is expected to see rapid growth in the next few years. It will grow to $6.52 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to increasing demand for rich communication services (rcs), internet of things (iot) expansion, cloud-based ims solutions, virtualization and nfv integration, demand for enhanced multimedia services, government initiatives and policies.. Major trends in the forecast period include market competition and innovation, enterprise adoption for unified communications, mobile network operators’ strategy, service providers’ focus on customer experience.

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/ip-multimedia-subsystem-global-market-report

Segmentation & Regional Insights

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

North America was the largest region in the IP multimedia subsystem market in 2023. 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.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=8372&type=smp

Major Driver Impacting Market Growth

The increase in usage of multimedia applications is expected to propel the growth of the IP multimedia subsystems market going forward. Multimedia is a comprehensive tool for communicating ideas and thoughts to others in a more effective manner. Multimedia is used in a wide range of applications associated with engaging, highly visual, and three-dimensional environments due to its performance. The IP multimedia subsystem helps enable proper communication services in various multimedia applications. For instance, in April 2021, according to an article by Asset Digital Communication, a Canada-based digital marketing agency, approximately 71% of small-to-medium-sized businesses were using social media (multimedia) for marketing their businesses to attract customers. Therefore, the increasing usage of multimedia applications is driving the growth of the IP multimedia subsystems market.

Key Industry Players

Major companies operating in the ip multimedia subsystem market report 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., HP Inc., Juniper Networks Inc.

The ip multimedia subsystem market report table of contents includes:

1. Executive Summary

2. IP Multimedia Subsystem Market Characteristics

3. IP Multimedia Subsystem Market Trends And Strategies

4. IP Multimedia Subsystem Market – Macro Economic Scenario

5. Global IP Multimedia Subsystem Market Size and Growth

26. South America IP Multimedia Subsystem Market

27. Brazil IP Multimedia Subsystem Market

28. Middle East IP Multimedia Subsystem Market

29. Africa IP Multimedia Subsystem Market

30. IP Multimedia Subsystem Market Competitive Landscape And Company Profiles

Top Major Players: