IP Multimedia Subsystem Global Market Report 2024

The global ip multimedia subsystem market 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 observed in the historical period can be attributed to the increase in Over-the-Top (OTT) services, industry collaboration leading to standards, the implementation of Voice over LTE (VoLTE), convergence within the telecom industry, and the rapid expansion of mobile data traffic.

The global ip multimedia subsystem market 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%. Anticipated growth in the upcoming period is driven by the escalating demand for Rich Communication Services (RCS), the expansion of the Internet of Things (IoT), the adoption of cloud-based IMS (IP Multimedia Subsystem) solutions, integration of virtualization and NFV (Network Function Virtualization), increased demand for advanced multimedia services, and the influence of government initiatives and policies. Key trends expected in this period encompass heightened market competition and innovation, increased enterprise adoption of unified communications, strategic approaches by mobile network operators, and a focused effort by service providers to enhance customer experience.

The surge in the use of multimedia applications is poised to propel the IP multimedia subsystems market's growth. Multimedia proves to be a robust tool in effectively conveying ideas and messages, finding extensive application across engaging, visually immersive, and three-dimensional environments. Given its performance attributes, multimedia sees widespread use, and the IP multimedia subsystem plays a pivotal role in facilitating seamless communication services within these diverse multimedia applications. For example, a report from April 2021 by Asset Digital Communication indicated that approximately 71% of small-to-medium-sized businesses leveraged multimedia - particularly social media - for marketing efforts aimed at attracting customers. Consequently, the escalating usage of multimedia applications drives the IP multimedia subsystems market's expansion.

The escalating demand for cloud-based solutions is anticipated to drive growth in the IP multimedia subsystems market. Cloud-based solutions, offering on-demand computing resources accessible over the Internet, provide scalable options wherein organizations can flexibly adjust their infrastructure based on demand, ensuring greater adaptability. This scalability aligns with the requirements of the IP multimedia subsystems (IMS), enabling it to efficiently handle expanding workloads and accommodate evolving needs. A report from 2022 by Thales Group highlighted that nearly 98% of corporations utilized cloud storage for their data, with an estimated 60% of corporate data residing in cloud-based storage solutions. Hence, the mounting demand for cloud-based solutions fuels the IP multimedia subsystems market's growth trajectory.

Technological advancement emerges as a prominent trend driving the IP multimedia subsystem market's evolution. Leading companies are dedicating resources to research and development, focusing on product innovations to fortify their market position. For instance, in January 2022, GL Communications Inc., a multinational telecommunications company based in South Korea, unveiled an advanced conformance test tool that supports simulating various telecommunication protocols. The tool, known as the MAPS LCS Test Suite, specifically caters to Session Initiation Protocol (SIP), a signaling protocol enabling real-time communication sessions between IP devices, facilitating voice, messaging, and video channels. It furnishes clients with a fully functional network environment to evaluate applications, devices, and services within the IP multimedia subsystem (IMS) infrastructure.

Major players in the IP multimedia subsystem market are innovating by developing products like the Plintron MVNE platform to address industry demands and expand global market presence. Plintron's MVNE (Mobile Virtual Network Enabler) platform offers end-to-end solutions catering to MVNOs (Mobile Virtual Network Operators), facilitating their service launch and operations. This scalable and flexible platform appeals to enterprises, brands, and communities seeking efficient MVNO establishment. For instance, in November 2022, Plintron - a Singapore-based cloud communication services provider - implemented an internal IP multimedia subsystem platform adhering to IETF and 3GPP standards, successfully deploying VoLTE in Italy through the public cloud. The upgraded Plintron MVNE platform accommodates diverse IMS network elements and existing infrastructures, advancing VoLTE deployment in Italy and similar endeavors.

In June 2021, Mobileum Inc., a US-based analytics solutions provider for the telecom industry, successfully acquired Developing Solutions for an undisclosed sum. This acquisition aligns with Mobileum's growth strategy, emphasizing the expansion of a telecom-centric analytics platform enriched with a comprehensive testing infrastructure and a diverse range of network interfaces. Developing Solutions, also based in the US, specializes in network testing software designed for core network testing across various scenarios such as load and lab use cases, encompassing 3G, 4G, 5G, and the IP Multimedia Subsystem (IMS).

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.

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. The countries covered in the ip multimedia subsystem market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The components of the IP multimedia subsystem encompass both products and services. In this context, products denote the diverse array of IP-based solutions geared toward enhancing communication and multimedia services within organizational setups. Within this landscape, operators, including mobile and fixed operators, are instrumental in delivering these solutions to end users - comprising both consumers and enterprises. These services find application across various domains, including internet and web services, VoIP, SMS, video conferencing, video on demand, among others.

This report provides IP multimedia subsystem market statistics, including IP multimedia subsystem industry global market size, regional shares, competitors with an IP multimedia subsystem market share, detailed IP multimedia subsystem market segments, market trends and opportunities, and any further data you may need to thrive in the IP multimedia subsystem industry. This IP multimedia subsystem market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The IP multimedia subsystem market consists of revenues earned by entities by providing call replication, distributed memory management, and routing services. The market value includes the value of related goods sold by the service provider or included within the service offering. The IP multimedia subsystem market also includes sales of clustering call control managers and session border controllers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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