Global IP Multimedia Subsystem Market Growth, Size, Share, Industry Report and Forecast 2021-2027
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
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Forecast period- 2021-2027
·
Segment Covered-
·
By
Component
·
By
Application
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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?
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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
Global IP Multimedia Subsystem
Market- Segmentation by Region
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the
World
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2.
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3.
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