Market Overview
Market Research Future (MRFR) has asserted in its report that the worldwide IP multimedia subsystem market is estimated to flourish at 18% CAGR throughout the period of estimation from 2016 to 2022. The study highlights that the worldwide market is expected to attain a worth of USD 4 bn by the end of the review period. IMS extends benefits such as faster time to market, lower costs, multi-vendor approach, etc. These have augmented its espousal and are predicted to follow a similar trend in the future. The development of the telecommunications sector is the key factor responsible for propelling the development of the IP Multimedia Subsystem Market throughout the next couple of years. A surge in the volume of data exploited has been observed across the industry along with lower revenue generation. The key focus of the industry players is on the rising revenue coupled with a reduction in the operational expenses. The sector is expected to attain a measure of zettabytes within a few years. This has led to the augmented adoption of IP multimedia subsystem for removing congestion in the range, thus, boosting the market. The surge in the usage of VoLTE and LTE services catalyzed the development of the IP multimedia subsystem market during the recent years. The rise of 5G services is further anticipated to encourage the growth trail of the market in the future. 5G services are likely to be commercialized by the year 2030; consequently, facilitating growth avenues for the market participants.
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Key Players
The prominent players in the IP Multimedia Subsystem market are LM Ericsson (Sweden), Oracle (U.S.), Nokia Corporation (Finland), Alcatel-Lucent S.A. (France), IBM Corporation (U.S.), Huawei Technologies Co. Ltd. (China), Brocade Communications Systems, Inc. (U.S.), Cisco Systems, Inc. (U.S.), HP (U.S.), Bradford Networks, Inc. (U.S.), Ascom Holdings AG (Switzerland), Allot Communication (Israel), among others.
Market Segmentation:
Based on access network, the worldwide IP multimedia subsystem market has been divided into mobile access, wireless access, and fixed access. On the basis of applications, the IP multimedia subsystem market has been divided into personal digital assistants, mobile phones, digital subscriber line, cable set-top box, and computers/laptops. According to services, the worldwide IP multimedia subsystem market has been bifurcated into Web, videos, voice, Messaging, Rich Communication Services (RCS), VoLTE, and others. On the basis of function, the IP multimedia subsystem market has been categorized into Home Subscriber Server (HSS), Call Session Control Function (CSCF), Media Gateway Control Function (MGCF), Media Resource Functions (MRF), and Signaling Gateway (SGW).
Regional Analysis:
On the basis of geography, the worldwide IP multimedia subsystem market has been bifurcated into Europe, Asia Pacific, North America, and the Rest of the World (RoW). Asia Pacific is ruling the global market and is expected to uphold its dominance over the next couple of years. The growth in the telecommunication sector in the region is expected to evolve as the key factor responsible for boosting the development of the IP multimedia subsystem market. Communication providers are estimated to augment investments in the market which is supposed to transform the growth of the IP multimedia subsystem market throughout the period of estimation. Additionally, the expansion in the communication techniques are expected to stimulate revenue generation for the market participants in the estimative future. North America is likely to portray sound growth over the next couple of years. The greater network infrastructure of the North America IP Multimedia Subsystem (IMS) market is projected to fuel the growth of the IP multimedia subsystem market in the coming years. The launch of 5G services is projected to fortify the pace of growth of the market across the estimation period. Europe has been expected to trail North America and reflect a similar trend in the upcoming years.
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Industry Updates:
Apr 2019 Bharti Airtel had been conferred a fresh deal to Swedish telecom gear manufacturer Ericsson to apply IP Multimedia Subsystem (IMS) and voice-over-LTE (VoLTE) calling technology. The move is intended at the establishment of Airtel’s VoLTE service competence in the country and to a better grasp on Reliance Jio, which was the primary telco to present pan-India VoLTE service ever since its presentation in 2016.
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