Global IP Multimedia Subsystem (IMS) Market is valued USD 1.32 billion in 2016 is anticipated to grow USD 5.1 billion with the compounded annual growth of 16.33% over the forecast period 2018-2025.
New York 17 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global IP Multimedia Subsystem (IMS) market industry is poised to raise USD 5.1 billion by 2025. The increasing need for technology that has low capital and operating expenses in telecom industries is the major factor driving the growth of the Global IP Multimedia Subsystem (IMS). IP multimedia subsystems help network operators to develop the range of services such as multimedia communication and integrated voice over telecommunication networks. This also helps in the transfer of multiple media data and use of multiple modes of communication on a single telecommunication network. IP multimedia subsystem provide features like adding, modifying or deleting an existing session to personalize the experience for voice, data and multimedia sessions. IP multimedia subsystem allows the user to select the appropriate medium and better control of communication. However, threats like cyber-attacks, data hacking, malware etc. The organizations are not much interested in implementing internet-based IP multimedia subsystem. Which is a restraint to market but only for a short period of time. IMS is an integrated network of telecommunications channel to facilitate Internet Protocol to be used in packet communications. The advantages of IP Multimedia subsystem are, lower costs, faster time, multi-vendor methodology, better third-party interfaces aiding to the growth of the market. The introduction of LTE and VoLTE technologies have boosted the market growth. IP Multimedia Subsystem (IMS) traditional telephony, fax, e-mail, Internet access, Web services, Voice over IP (VoIP), instant messaging (IM), video conference sessions and video on demand (VoD).
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The industry is seeming to be fairly competitive. Some of the leading market players include Ericsson, Huawei, NEC, Nokia, ZTE, Athonet, Cirpack, Cisco, Commverge, Solutions, Dialogic, Interop Technologies, Italtel, Metaswitch, Mavenir, Oracle, Radisys, Ribbon Communications, Samsung, WIT Software and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
By Telecom Operator:
- Mobile Operators
- Fixed Operators
- North America
- Asia Pacific
- Latin America
- Rest of the World