The ip multimedia subsystem global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
IP Multimedia Subsystem Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ip multimedia subsystem market size has grown rapidly in recent years. It will grow from <b>$3.31 billion in 2023 to $3.77 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. </b> The growth in the historic period can be attributed to rise in ott services, industry collaboration and standards, volte implementation, telecom industry convergence, rapid growth in mobile data traffic.
The ip multimedia subsystem market size is expected to see rapid growth in the next few years. It will grow to <b>$6.52 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. </b> The growth in the forecast period can be attributed to increasing demand for rich communication services (rcs), internet of things (iot) expansion, cloud-based ims solutions, virtualization and nfv integration, demand for enhanced multimedia services, government initiatives and policies. Major trends in the forecast period include market competition and innovation, enterprise adoption for unified communications, mobile network operators’ strategy, service providers’ focus on customer experience.
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Scope Of IP Multimedia Subsystem Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
IP Multimedia Subsystem Market Overview
Market Drivers –
The increase in usage of multimedia applications is expected to propel the growth of the IP multimedia subsystems market going forward. Multimedia is a comprehensive tool for communicating ideas and thoughts to others in a more effective manner. Multimedia is used in a wide range of applications associated with engaging, highly visual, and three-dimensional environments due to its performance. The IP multimedia subsystem helps enable proper communication services in various multimedia applications. For instance, in April 2021, according to an article by Asset Digital Communication, a Canada-based digital marketing agency, approximately 71% of small-to-medium-sized businesses were using social media (multimedia) for marketing their businesses to attract customers. Therefore, the increasing usage of multimedia applications is driving the growth of the IP multimedia subsystems market.
Market Trends –
Technological advancement is the key trend that is gaining popularity in the IP multimedia subsystem market. Major companies are focused on research and development for product innovations to strengthen their position in the market. For instance, in January 2022, GL Communications Inc., a South Korea-based multinational company operating in telecommunication equipment and services, introduced its advanced conformance test tool that supports the simulation of a wide range of telecommunication protocols and works on the unique feature of Session Initiation Protocol (SIP), known as the MAPS LCS Test Suite. Session initiation protocol (SIP) refers to an advanced signalling protocol that uses real-time communication sessions between internet protocol devices and enables voice, messaging, video, and other communication channels between endpoints on IP networks. The MAPS LCS Test Suite offers a full-fledged network environment that provides clients with the ability to test their applications, devices, and services within the IP multimedia subsystem (IMS) infrastructure using ready-to-use testbed setups.
The ip multimedia subsystem market covered in this report is segmented –
1) By Component: Product, Services
2) By Operators: Mobile operators, Fixed operators
3) By Application: Internet and Web Service, VoIP, SMS, Video Conferencing, Video on Demand, Other Application
4) By End User: Consumer, Enterprise
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. IP Multimedia Subsystem Market characterstics
3. IP Multimedia Subsystem Market Trends And Strategies
4. IP Multimedia Subsystem Market – Macro Economic Scenario
5. Global IP Multimedia Subsystem Market Size And Growth
…..
31. Global IP Multimedia Subsystem Market Competitive Benchmarking
32. Global IP Multimedia Subsystem Market Competitive Dashboard
33. Key Mergers And Acquisitions In The IP Multimedia Subsystem Market
34. IP Multimedia Subsystem Market Future Outlook and Potential Analysis
35. Appendix
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