The global IP multimedia subsystem market is expected to grow at a significant CAGR during the forecast period (2021-2027). The major factors propelling the growth of the market include rising network infrastructure. Network management is an essential component of every company’s operations. Modern digital firms have made network infrastructure management a priority. To streamline their company processes, organizations are investing in contemporary network infrastructure technologies including cloud services, data centers, software-defined networking (SDN), network functions virtualization (NFV), IP networks, fixed wireless broadband networks, corporate mobility, and network orchestration.
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IMS is being looked at as a common platform for providing communication services through IP technology as LTE deployments gain traction (VoLTE, RCS, and video calls). IMS architecture is designed to offer VoLTE, allowing operators to add value to data and application delivery services. VoWiFi is a technology that is similar to VoLTE that uses the IMS architecture to provide voice services on the internet over a Wi-Fi network.
Additionally, the rising adoption of 5G will boost the growth of the market. In the ICT sector, 5G has developed a new next-generation technology. It has a wide range of applications in a variety of industries, such as manufacturing, automotive, transportation, healthcare, media and entertainment, and government. 5G promises seamless connectivity, decreased latency, massive processing power, and cloud agility.
Several major players in the market are strengthening their market presence by adopting various strategies such as product launches & developments, mergers and acquisitions, and partnerships, and collaborations. For instance, in September 2021, Samsung Electronics launched its comprehensive VoNR (Voice over New Radio) solution for 5G voice call service, designed for mobile device manufacturers and network providers globally. Samsung’s VoNR solution is equipped with an IP Multimedia Subsystem (IMS), Quality of Service (QoS), and handover.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
- By Component
- By Application
- Competitive Landscape- ZTE Corp., Huawei Technologies, Telefonaktiebolaget LM Ericsson, NEC Corp., Nokia Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from pre-COVID forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global IP Multimedia Subsystem Market- Segmentation
By Component
- Product
- Services
- Professional services
- Managed services
By Application
- Mobile operators
- Fixed operators
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
