Overview and Scope
IP multimedia subsystem (IMS) services refer to a suite of telecommunications services delivered over IP networks through a standardized framework as the IMS architecture. These services encompass various multimedia communication applications, including voice, video, messaging, and data services, accessible across various devices and network environments.
Sizing and Forecast
The IP multimedia subsystem (IMS) services market size has grown rapidly in recent years. It will grow from $2.94 billion in 2023 to $3.42 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to increasing demand for converged services, the proliferation of smartphones and mobile data usage, the deployment of long-term evolution (LTE) networks, the rise of OTT services, and the increasing demand for high-quality multimedia experiences.
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The ip multimedia subsystem (ims) services market report table of contents includes:
1. Executive Summary
2. IP Multimedia Subsystem (IMS) Services Market Characteristics
3. IP Multimedia Subsystem (IMS) Services Market Trends And Strategies
4. IP Multimedia Subsystem (IMS) Services Market – Macro Economic Scenario
5. Global IP Multimedia Subsystem (IMS) Services Market Size and Growth
….
31. IP Multimedia Subsystem (IMS) Services Market Other Major And Innovative Companies
32. Global IP Multimedia Subsystem (IMS) Services Market Competitive Benchmarking
33. Global IP Multimedia Subsystem (IMS) Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The IP Multimedia Subsystem (IMS) Services Market
35. IP Multimedia Subsystem (IMS) Services Market Future Outlook and Potential Analysis
36. Appendix
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