IP Multimedia Subsystem

Global IP Multimedia Subsystem (IMS) Market Size (2024 to 2032)

The global IP Multimedia Subsystem (IMS) Market was worth USD 2.64 billion in 2023. The global market is predicted to reach USD 3.17 billion in 2024 and USD 13.63 billion in 2032, growing at a CAGR of 20% during the forecast period.

Current Scenario of the Global IP Multimedia Subsystem (IMS) Market

The emergence of 5G as a result of technological advancements, resulting in increased demand for network infrastructure, is a major driver contributing to the market's growth. The IP multimedia subsystem (IMS) is a network of integrated telecommunications carriers that enables packet communications in any format via wireless or wired networks. Such communications include traditional telephony, fax, e-mail, Internet access, Web services, Voice over IP (VoIP), instant messaging (IM), video conference sessions, and video on demand. The IP Multimedia Subsystem architecture decomposes the network into distinct application, control, and transport layers using standardized interfaces to promote scalability, flexibility, and extensibility. IMS enables reliable and secure multimedia communications across various devices and networks.

MARKET DRIVERS

Network management is vital to any business and critical to its operations. Managing network infrastructure has become increasingly vital in today's digital organizations. To streamline their business operations, organizations are investing in modern network infrastructure technologies like cloud services, data centers, SDN, NFV, IP networks, fixed wireless broadband networks, enterprise mobility, and network orchestration to unlock new opportunities in business systems.

Low Return on Investment (RoI), extensive legacy infrastructure, business change, severe government regulations, and rising competition from peers and OTT providers are all difficulties the telecom sector faces. In addition, telcos are investing heavily in new technology and spectrum allocations to deal with next-generation technologies. Operators are more attentive to cash flows and under the severe burden of lowering their CAPEX and OPEX due to the high cost of network construction, the financial crisis, and greater competition. As a result, telecom operators are searching for low-cost alternatives to upgrade existing network infrastructures and offer new services faster. Reduced OPEX would assist telecom operators in meeting their client's needs for new business models, resulting in a new revenue stream.

MARKET RESTRAINTS

Legacy telecom environments are thought to represent a major impediment to the development of new commercial telecom software. Many telecommunications companies continue to maintain and operate legacy systems that are overly complex and inefficient for their business requirements. Telecom operators frequently encounter issues due to legacy systems, including high maintenance costs, unsupported hardware and software, skills scarcity, and a lack of compatibility across numerous platforms, including COTS, servers, hypervisors, and cloud. This conversion entails a significant upgrade expense. To support previous services, the new commercial software must be significantly adapted. There is always the possibility that the conversion will be incomplete, resulting in a network outage that would disrupt the company's operations and result in losses. As a result, operators are hesitant to transfer legacy services to new systems when deploying systems to support new services. Some operators continue to use legacy systems incapable of supporting new services for an ever-growing subscriber base, which could lead to service disruptions and a poor user experience. Significant operators worldwide have already deployed traditional IMS solutions for LTE networks. Traditional IMS solutions, on the other hand, are pretty expensive and need a lot of maintenance. Network components have a two to five-year installation life cycle. As a result, mobile operators are hesitant to add new solutions to their existing networks.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global IP Multimedia Subsystem Market Analysis By Component

Products had the most outstanding market share in 2020, expected to grow at the fastest CAGR of 13.78% over the forecast period. The product segment is expected to account for the most significant proportion of the market. Telecom operators are introducing IMS systems on a large scale to provide several use cases, such as Voice over LTE (VoLTE), Voice over Wireless Fidelity (VoWiFi), Rich Communication Services (RCS), and Unified Communications-as-a-Service (UCaaS). Leading telecoms and IT providers have developed several IMS systems for MNOs. The solutions turn an Intelligent Network into an Intuitive Network that understands devices, applications, and access. Because of IMS, vendors may offer empowered multimedia services with unprecedented customization, security, and mobility.

Global IP Multimedia Subsystem Market Analysis By Telecom Operator

The most significant market share was held by mobile operators, which is expected to rise at a CAGR of 16.63% over the projection period. This segment will have the most significant market share over the forecast period. Mobile carriers have encountered many issues, including upgrading obsolete technology to meet current end-customer demands, severe competition, high CAPEX and OPEX, and a low Return on Investment (ROI). As a result, they're seeking solutions that are both scalable and cost-effective. Increased investment in 5G infrastructure deployment, owing to a shift in customer demand for next-generation technologies and smartphones, is one of the primary factors driving this market. An increasing number of mobile users, a skyrocketing demand for high-speed data connectivity, and an increased mandate for value-added managed services are all possible reasons driving category growth.

REGIONAL ANALYSIS

North America has the maximum market share is expected to increase at a CAGR of 13.76% over the forecast period. The IP Multimedia Subsystem market is expected to be dominated by North America, with Europe closely behind. North America is home to many of the world's largest telecommunications companies. RCS, private LTE, and wireless broadband are new use cases that mobile operators deliver on their networks. Smartphones and laptops can use IMS services to access services through several networks, including cellular, broadband, Wi-Fi, and others. In response to the increased use of smartphones in the United States, individuals are adopting multimedia applications to improve their communications. Favorable government regulations fuel the growth of North America's telecom network infrastructure industry. Political authorities emphasize upgrading current telecommunications networks to 5G network access capabilities.

The Asia-Pacific region is the world's fastest-growing economic zone. Intelligent cities, driverless vehicles, IoT applications, home automation, industrial automation, intelligent processing technologies, and other innovative technologies are rapidly increasing across the region. Market expansion is projected to be fueled by these factors. India has ranked second in the world's telecommunications market. The number of internet customers in the country is predicted to double to 829 million by 2021, with overall IP traffic expected to grow at a 30% CAGR by 2021. Furthermore, the Indian government is proactive in allowing telecom companies to expand. For example, the Indian government has launched the 'Digital India' initiative, under which all sectors, including healthcare, retail, and others, are anticipated to be connected to the internet.

KEY PARTICIPANTS IN THE GLOBAL IP MULTIMEDIA SUBSYSTEM MARKET

Companies playing a notable role in the global IP multimedia subsystem market include Ericsson (Sweden), Nokia (Finland), Athonet (Italy), Cirpack (France), Oracle (US), Dialog (US), Metaswitch (UK), NEC (Japan), ZTE (China) and WIT Software (Portugal).

DETAILED SEGMENTATION OF THE GLOBAL IP MULTIMEDIA SUBSYSTEM MARKET INCLUDED IN THIS REPORT

This research report on the global IP multimedia subsystem market has been segmented and sub-segmented based on the component, telecom operator, and region.

By Component

• Products
• Services

By Telecom Operator

• Fixed
• Mobile

By Region

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus