IP Multimedia Subsystem Market

IP Multimedia Subsystem Market was around US$ 1.5 Bn in 2017 and is expected to grow at a CAGR of around 17% in the forecast period of 2018-2026. The IP multimedia subsystem (IMS) is a concept for an integrated network of telecommunications carriers that would facilitate the use of IP for packet communications in all known forms over wireless or landline. Examples of such communications include traditional telephony, fax, e-mail, Internet access, Web services, Voice over IP (VoIP), instant messaging (IM), video conference sessions and video on demand (VoD). Low capital expenditure and operational expenditure increasing number of long-term evolution (LTE) mobile subscribers across the globe, and the growth of the network infrastructure are expected to drive the market growth of IP multimedia system. Security concerns in virtualization and the unwillingness of telecom operators to transit from the legacy infrastructures to a virtual environment may hamper the growth of the market, but for a specific period. Among telecom operators, the mobile operators' segment is expected to hold the largest market share during the forecast period. Mobile operators have been facing several challenges, such as updating the legacy systems to meet the current demands for end-customers, intense competition, high CAPEX and OPEX, and low Return on Investment (RoI). Hence, they are in the process of seeking scalable and cost-effective Product. All these factors are expected to be the key reason for the rapid adoption of IMS Product and services by telecom operators. The IP Multimedia Subsystem market is segmented by component, Operator, vertical, and region. Among components, the product segment is expected to account for the larger market share during the forecast period. This growth is because of large-scale implementation of IMS solution by telecom operators to deliver various use cases, such as Voice over LTE (VoLTE), Voice over Wireless Fidelity (VoWiFi), Rich Communication Services (RCS), and Unified Communications-as-a-Service (UCaaS). North America is estimated to hold the largest market size in 2018. North America is expected to account for the largest size in the IP Multimedia Subsystem market during the forecast period, followed by Europe. North America is the house of big telecom giants. Mobile operators are rolling out new use cases, such as RCS, private LTE, and wireless broadband using their networks. The US government has planned to roll out the Citizens Broadband Radio Service (CBRS) band for private operators and enterprises, in 2018, which would act as a catalyst for the growth of the IMS market. Hence, North America is expected to account for the largest market share in the global IMS market during the forecast period. The key players of IP Multimedia Subsystem market include Ericsson (Sweden), NEC (Japan), Huawei (China), Nokia (Finland), and ZTE (China).

IP Multimedia Subsystem Market scope:-IP Multimedia Subsystem Market, By Component

• Product • Services o Professional o Managed

IP Multimedia Subsystem Market, By Operator

• Mobile • Fixed

IP Multimedia Subsystem Market, By Geography

• North America • Europe • Asia-Pacific • Middle East & Africa • Latin America

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