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The IP multimedia subsystem market size is forecast to increase by USD 42.34 billion at a CAGR of 18% between 2023 and 2028. The IP Multimedia Subsystem (IMS) market is experiencing significant growth due to the rollout of 5G networks and the proliferation of wireless technologies. Real-time communication services, which are a key feature of IMS, are becoming increasingly popular as the medium of communication shifts from traditional voice calls to multimedia messaging and video conferencing. However, this trend also brings about new challenges, particularly in the area of security. With the increasing amount of confidential and personal information being transmitted over networks, security threats such as data hacking and penetration become more prevalent. To mitigate these risks, network service providers are investing in multifactor authentication and other security measures, including encryption and firewalls.
Furthermore, the operating costs of implementing and maintaining these security features can be high, but the revenue generated from offering revenue-generating services such as VoIP and video conferencing makes the investment worthwhile. The broadband infrastructure required to support IMS is also a significant factor in market growth, as it enables the delivery of advanced communication services to end-users. Overall, the IMS market is poised for continued growth, driven by the demand for real-time communication services and the need for strong security solutions.
The market is a significant segment of the telecommunications industry, driven by the increasing demand for advanced communication technology in network infrastructure. IMS is a network architecture that enables the delivery of multimedia services over IP networks, including voice over IP (VoIP), video calling, messaging services, multimedia content delivery, and unified communications. Mobile networks, such as LTE and 5G, have accelerated the adoption of IMS solutions, enabling real-time communication services like VoLTE and multimedia streaming. IMS solutions also support session initiation protocol (SIP) and quality of service (QoS), ensuring seamless delivery of IP-based services. IMS solutions are essential for telecom operators and service providers to offer converged networks that support mobile broadband, multimedia messaging, telephony services, conferencing solutions, and IP-based services.
Furthermore, network virtualization, software-defined networking (SDN), network functions virtualization (NFV), cloud computing, network security, and subscriber data management are key technologies that are integrated into IMS solutions to enhance network performance and security. IMS solutions offer multimedia streaming, multimedia content delivery, and multimedia applications for mobile devices, enabling a richer user experience. The market for IMS solutions is expected to grow significantly due to the increasing demand for real-time communication and multimedia services in the telecommunications industry.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The product segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the increasing adoption of converged networks and the deployment of advanced IMS solutions. Telecom operators are integrating VoLTE (Voice over Long-Term Evolution), video calling, messaging services, and multimedia content delivery into their networks, driving the demand for IMS solutions. Leading technology companies are providing innovative IMS offerings, including software-defined networking (SDN), network functions virtualization (NFV), network security, and cloud computing, to mobile network operators (MNOs). The proliferation of mobile applications and the use of Internet Protocol (IP) in communication systems are also contributing to the market growth. The rise in the number of wireless devices, such as smartphones, tablets, wearables, and laptops, is further fueling the adoption of IMS solutions. Overall, the IMS market is expected to witness substantial growth during the forecast period due to the increasing demand for high-quality multimedia services and the need for improved network efficiency and flexibility.
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The Product segment was valued at USD 9.69 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The Asia Pacific (APAC) region is experiencing significant economic growth and is leading the way in the adoption of advanced technologies such as smart cities, autonomous vehicles, Internet of Things (IoT) applications, home automation, industrial automation, and intelligent processing technologies. These technological advancements are driving the demand for IMS solutions in the region. IMS solutions, which include Voice over LTE (VoLTE), video calling, messaging services, and multimedia content delivery, are essential components of converged networks that enable seamless communication and multimedia experiences. The APAC market for IMS solutions is witnessing strong growth due to network infrastructure upgrades, the expansion of wireless broadband networks, and the presence of a large number of mobile service providers.
Furthermore, virtualization technologies such as network functions virtualization (NFV), software-defined networking (SDN), network virtualization, cloud computing, and network security are being adopted at an exponential rate in the region to enhance the Quality of Service (QoS) and ensure secure and reliable communication. The well-established telecom enterprises in APAC are further fueling the growth of the IMS solutions market.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rollout of 5G networks is the key driver of the market. The IP Multimedia Subsystem (IMS) market in the telecommunications industry has experienced significant growth, driven in large part by the rollout of 5G networks. With the support of governments and manufacturers, the number of global 5G subscriptions surpassed 170 million by Q2 2023, reaching between 1.0 and 1.5 billion users worldwide. IMS plays a crucial role in the 5G ecosystem, enabling advanced multimedia services and ensuring low-latency communication, two primary advantages of 5G.
Furthermore, in the United States, for instance, the Federal Communications Commission (FCC) auctioned off critical 5G spectrum bands in March 2021, underscoring the country's commitment to 5G deployment. The integration of IMS in mobile networks, including LTE and 5G, is essential for unified communications and mobile broadband services provided by telecom operators and service providers.
The proliferation of wireless technologies is the upcoming trend in the market. The market is experiencing significant growth in the telecommunications industry due to the increasing demand for advanced communication technology and multimedia services. With the evolution of the Internet of Things (IoT) and the transition from IP version 4 (IPv4) to IP version 6 (IPv6), the number of connected devices is expanding at an unprecedented rate. This shift enables the transmission of larger data volumes and supports the integration of voice-over IP services. Mobile networks, including LTE and 5G, are driving the growth of the IMS market. Service providers and telecom operators are investing in network infrastructure upgrades to accommodate the surging network traffic, primarily due to the widespread use of mobile computing devices.
Furthermore, these next-generation wireless networks offer high-speed connectivity, equivalent to broadband, enabling the delivery of unified communications and multimedia services. Wireless technologies like Bluetooth Low-Energy (BLE), Wi-Fi, ZigBee, and Z-Wave are also contributing to the growth of the IMS market by offering wireless connections that are on par with broadband. The deployment of these technologies is ongoing worldwide, further fueling the demand for advanced communication solutions. Overall, the IMS market is poised for substantial growth as it plays a crucial role in enabling seamless multimedia services across various industries and applications.
The increasing data security and privacy concerns is a key challenge affecting the market growth. The market in the telecommunications industry is witnessing significant growth due to the increasing adoption of communication technology, mobile networks, and multimedia services. With the rollout of mobile broadband, LTE networks, and the impending arrival of 5G networks, unified communications have become a necessity for service providers and telecom operators. However, the evolution of advanced technologies like software-defined networking (SDN) and network functions virtualization (NFV) has also introduced new security challenges.
Furthermore, hackers and cybercriminals are continuously improving their attack methods to exploit vulnerabilities in the network environment, making security a major concern for mobile service operators. In contrast to traditional IP multimedia subsystems, where all network functions run on hardware modules, offering a high level of security for various network components, the increasing digitization of networks presents new security risks. Network infrastructure providers need to implement strong security measures to protect against potential threats and safeguard their business operations.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amdocs Ltd: The company offers IP multimedia subsystem that provides services for communications that enable to accelerate the business under the brand Amdocs Ltd.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market in the telecommunications industry is witnessing significant growth due to the increasing adoption of communication technology in network infrastructure. IMS is a network architecture that enables real-time multimedia communication services such as VoIP, video calling, messaging services, and multimedia content delivery over mobile networks, including LTE and 5G. IMS solutions support unified communications, including voice, video, and messaging services, and converged networks that integrate multiple media types. The market is driven by the growing demand for IP-based services, including VoIP services, broadband services, and internet connectivity. The proliferation of mobile applications, smartphones, laptops, cellular networks, broadband networks, and Wi-Fi networks, are key factors contributing to the growth of the IMS market.
Furthermore, the market is also witnessing the adoption of network virtualization, software-defined networking, network functions virtualization, cloud computing, and network security technologies to enhance network performance, reduce operating costs, and improve the quality of service. However, the market faces challenges from security threats, including data hacking and authentication, which require multifactor security options to protect confidential and personal information. Network service providers are investing in network integration, system deployment, and network management to deliver a portfolio of services and meet the evolving demands of subscribers. The market is expected to grow further with the integration of social media services, multimedia applications, and revenue-generating services.
Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 18% |
Market growth 2024-2028 |
USD 42.34 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
16.79 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 41% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amdocs Ltd., Athonet Srl, Cisco Systems Inc., Enghouse Systems Ltd., Genesys Telecommunications Laboratories Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Italtel S.p.A., Juniper Networks Inc., Mavenir Systems Inc., Mitel Networks Corp., NEC Corp., Nokia Corp., Oracle Corp., Reliance Industries Ltd., Ribbon Communications Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, ZTE Corp., and Cirpack |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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