The IP multimedia subsystem (IMS) services market size is expected to see rapid growth in the next few years. It will grow to $6.35 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to increasing adoption of 5G networks, rising demand for VoLTE, proliferation of Internet of Things (IoT) devices, shift towards cloud-based services, and demand for rich communication services (RCS). Major trends in the forecast period include the adoption of artificial intelligence (AI) and machine learning (ML) technologies, integration of IMS services with multi-access edge computing (MEC), AI-driven automation, and integration of IMS services with edge computing platforms.
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Scope Of IP Multimedia Subsystem (IMS) Services Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
IP Multimedia Subsystem (IMS) Services Market Overview
Market Drivers –
The rise of the remote work culture is expected to propel the growth of the IP multimedia subsystem (IMS) services market going forward. Remote work culture refers to the digital environment within a company that fosters connectivity among employees through shared experiences, interests, and priorities. The remote work culture is increasing due to changing employee preferences, cost savings for employers, and the need for greater flexibility in work arrangements. IP multimedia subsystem (IMS) services facilitate seamless communication and collaboration for remote work environments through integrated voice, video, and data functionalities over IP networks. For instance, in September 2023, according to the U.S. Bureau of Labor Statistics, a US-based government agency, in August 2023, approximately 19.5% of workers engaged in telework or paid work from home, consistent with a range of 17.9% to 20% observed between October 2022 and August 2023. Therefore, the rise of the remote work culture drives the growth of the IP multimedia subsystem (IMS) services market.
Market Trends –
Major companies operating in the IP multimedia subsystem (IMS) services market are focusing on developing advanced solutions, such as MAPS session initiation protocol (SIP)-based IP multimedia subsystems (IMS), to gain a competitive edge in the market. MAPS SIP-based IP multimedia subsystem (IMS) is a framework for delivering multimedia services over IP networks, where SIP serves as the primary signaling protocol for initiating and managing communication sessions. For instance, in March 2022, GL Communications Inc., a US-based company offering telecommunications consulting services, announced the launch of the MAPS Session Initiation Protocol (SIP) IMS Test Suite. MAPS is a versatile emulation software supporting multiple protocols and interfaces for signaling and traffic generation, encompassing voice, tones, digits, fax, data, and video within a unified framework. The test suite offers a comprehensive network environment, allowing users to evaluate their applications, devices, and services before deploying them on a network.
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
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Regional Insights –
North America was the largest region in the IP multimedia subsystem (IMS) services 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 (IMS) services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. IP Multimedia Subsystem (IMS) Services Market Report Structure
3. IP Multimedia Subsystem (IMS) Services Market Trends And Strategies
4. IP Multimedia Subsystem (IMS) Services Market – Macro Economic Scenario
5. IP Multimedia Subsystem (IMS) Services Market Size And Growth
…..
27. IP Multimedia Subsystem (IMS) Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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