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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.
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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