The IP Multimedia Subsystem (IMS) Market is expected to grow from USD 1.79 billion in 2019 to USD 3.71 billion by 2026, at a CAGR of 15.7% during the forecast period. Low Operational Expenses (OPEX) and Capital Expenditure (CAPEX), and the growth of the network infrastructure and rise in the Long-Term Evolution (LTE) mobile subscribers are the major factors driving the IMS market.
Concerns over security in virtualization and the reluctance of telecom operators to move from the heritage infrastructures to a virtual environment are acting as a restraint for the market.
The Report “IP Multimedia Subsystem (IMS) Market by Integrant (Product and Service (Professional and Managed Service)), Telecom Operator (Mobile and Fixed Operators), and Region - Global Forecast to 2026, is expected to reach USD 3.71 billion by 2026.
Ribbon Communications (US), Samsung (South Korea), Mavenir (US), Oracle (US), Ericsson (Sweden), Huawei (China), NEC (Japan), Nokia (Finland), ZTE (China), Athonet (Italy), Cirpack (France), Cisco (US), CommVerge Solutions (China), Dialogic (US), Interop Technologies (US), Italtel (Italy), Metaswitch (UK), Radisys (US), and WIT Software (Portugal).are some leading companies operating in the global IP Multimedia Subsystem (IMS) market.
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The information and communication technology sector is expected to observe a robust revenue growth over the forecast period. Factors such as technological advancements in AI and robotics, increasing innovations, growing need for high data security, large data management are fueling market development. Availability of variety of devices such as computers, smartphones, softwares and growing usage of internet is boosting overall growth of the information and communication technology. In addition, growing adoption of IOT and cloud based systems, increasing demand for technologically advanced devices, and change in consumer preference are some significant factors fueling market growth.
Competitive landscape of global IP Multimedia Subsystem (IMS) market is quite fragmented with regional and global key players. They are often involved in various strategies including mergers and acquisitions, collaborations, new product launches or corporate deals to sustain their market position and expand their product portfolio.
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Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Integrant (Revenue, USD Million; 2019–2026)
- Product
- Services
- Professional Services
- Consulting
- Integration and Development
- Training and Support
- Managed Services
- Professional Services
Telecom Operator (Revenue, USD Million; 2019–2026)
- Mobile Operators
- Fixed Operator
Functions (Revenue, USD Million; 2019–2026)
- Call Session Control Function (CSCF)
- Home Subscriber Server (HSS)
- Signaling Gateway (SGW)
- Media Gateway Control Function (MGCF)
- Media Resource Functions (MRF)
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Key questions addressed in the global IP Multimedia Subsystem (IMS) market report:
- IP Multimedia Subsystem (IMS) Market is expected to grow from USD 1.79 billion in 2019 to USD 3.71 billion by 2026, at a CAGR of 15.7% during the forecast period.
- The launch of LTE, VoLTE and the demand for the global standard for network infrastructure and services have become the major drivers for the IP multimedia subsystems market. Apart from that, the study indicates that the biggest challenge for any telecom service provider is to operate their network at the lowest unit cost structure and open for new revenue sources and the IP multimedia subsystems help to overcome this challenge successfully.
- Among Integrant, the services segment is forecasted to hold the larger market share during the forecast period. The overall services segment has a major impact on the market’s growth. IMS services assist companies in reducing costs, increasing the overall revenues, lowering operational costs and improving the business performance.
- The mobile operators segment is forecasted to hold the largest market share during the forecast period. Mobile operators face numerous challenges, like intense competition, high OPEX and CAPEX, updating the legacy systems to meet the current demands for end-customers and low Return on Investment (RoI).
- North America is forecasted to account for the highest market size during the forecast period, followed by Europe. North America is the home to big telecom giants. In 2018, the US government rolled out the Citizens Broadband Radio Service (CBRS) band for private operators and enterprises, which act as a catalyst for the growth of the market.
- APAC region is projected to witness strong growth in the coming years, as a large number of mobile and fixed operators in APAC region still use traditional IMS systems. Although, this trend is witness to change, as operators would gradually shift toward virtualized and cloud-based technologies.
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