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The IP Multimedia Subsystem (IMS) Market size is forecast to increase by USD 42.34 billion, at a CAGR of 18% between 2023 and 2028. The market growth is propelled by the rollout of 5G networks and the emergence of edge computing. Governments and manufacturers actively support 5G development, with IMS solutions crucial for multimedia services and low-latency communication.
Companies like Ericsson and Huawei focus on IMS solutions to bolster 5G infrastructure, driven by applications like driverless vehicles and augmented reality. Edge computing, exemplified by Telefonaktiebolaget LM Ericsson's Edge Gravity platform, enables low-latency services such as augmented reality and virtual reality. Recognizing its importance, governments worldwide promote edge computing initiatives, contributing to market growth during the forecast period.
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The product segment is estimated to witness significant growth during the forecast period. Factors such as the deployment of a wide range of IP multimedia subsystem solutions by telecom operators, including VoLTE, voice-over-wireless fidelity (VoWiFi), rich communication services (RCS), and unified communications-as-a-service (UCaaS) are fuelling the growth of this segment. In addition, leading telecommunications and IT companies have come up with several IP multimedia subsystem solutions for mobile network operators (MNOs).
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The product segment was the largest segment and was valued at USD 9.69 billion in 2018. Moreover, the increase in the use of IP multimedia subsystems in products including smartphones, tablets, wearables, laptops, and other wireless devices that are used by an increasing number of people and enterprises will result in an increase in the adoption of IP multimedia subsystem solutions. Furthermore, in the product segment, there are various challenges, such as the need to update legacy systems to meet the current demand from end customers. As a result, it leads to high CAPEX and operational expenditure (OPEX). Therefore, many telecom operators prefer cost-effective and scalable solutions, which, in turn, results in an increase in demand for products such as IP multimedia subsystem solutions and services. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
The increasing application of IP multimedia subsystem solutions by mobile operators segment will increase the market growth. This segment offers both fixed and mobile services. In addition, due to their ability to provide seamless communication experiences across a variety of devices and networks, they appeal to both consumers and companies. For instance, unified communication services can be offered by mobile operators, which allow users to move seamlessly between mobile and fixed-line connections. Furthermore, they may adopt this rapidly and save money on their implementation by utilizing their current infrastructure. Therefore, this segment is well-positioned to drive market development and transform the future of the telecommunications industry because of the continuous rollout of 5G networks and the rising demand for integrated communication services. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 41% to the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main factors that are significantly contributing to the market growth include the use of smart technologies such as smart cities, autonomous vehicles, IoT applications, home automation, industrial automation, and intelligent processing technologies in the region.
In addition, the market in the region is fuelled by network infrastructure upgrades and a large number of mobile service providers. Furthermore, APAC is witnessing high sales as it has well-established telecom enterprises as well as further developments by the expansion of wireless broadband networks. Hence, such factors drive the market growth in APAC during the forecast period.
The rollout of 5G networks is a major market trend, supported by governments and manufacturers. IP multimedia subsystems play a crucial role in enabling cutting-edge multimedia services and low-latency communication in the 5G ecosystem. Companies like Ericsson and Huawei are actively developing IP multimedia subsystem solutions to support the expanding 5G infrastructure. Another significant trend is edge computing, facilitating low-latency services such as AR and VR by moving closer to the network edge.
However, data security and privacy concerns present challenges, with network vulnerabilities increasing due to advanced technologies. Virtualized solutions within mobile core networks may compromise security and performance, hindering market growth.
One of the market trends propelling market growth is the rollout of 5G networks. Several governments and manufacturers actively support the market research and growth of 5G. IMS solutions are crucial in the 5G ecosystem as they enable the provision of cutting-edge multimedia services and ensure low-latency communication, which are the two key benefits of 5G. For instance, in the US, the FCC auctioned critical 5G spectrum bands in March 2021, showcasing the country's dedication to 5G deployment.
Furthermore, to support the expanding 5G infrastructure, companies like Ericsson and Huawei have been diligently working on building IMS solutions. Moreover, the need for IMS solutions is projected to significantly expand due to the anticipated surge in 5G adoption for applications such as driverless vehicles, the Internet of Things, and augmented reality, thereby making these applications major growth drivers in the global IMS market forecast. Hence, these factors are positively influencing IMS market growth and forecasting during the forecast period.
A key driver influencing the growth of the market is edge computing. This trend is significantly shaping the market as it moves closer to the network edge, enabling low-latency services and applications such as augmented reality (AR) and virtual reality (VR). Notably, in March 2021, Telefonaktiebolaget LM Ericsson introduced its Edge Gravity platform, emphasizing the importance of edge computing in delivering extremely low latency for AR and VR applications.
Governments worldwide have also recognized the importance of edge computing in their digital initiatives. The European Union (EU), for instance, announced the Edge Cloud Initiative in May 2021 to enhance edge computing capabilities across various applications.
The market's response to the growing demand for real-time, immersive experiences continues to drive the global market, particularly as it seeks to meet the low-latency requirements of emerging technologies. These factors collectively contribute to the positive impact on the market, fueling its growth during the forecast period.
Increasing data security and privacy concerns represent significant challenges hindering the growth of the market. Security is a major concern for any business, particularly with the emergence of advanced technologies like software-defined networking (SDN) and network functions virtualization (NFV). These advancements have led to an increase in vulnerabilities and network threats faced by various network components. Additionally, security attacks pose a major concern for mobile service operators, impacting their business operations adversely.
Moreover, hackers and cybercriminals are continuously enhancing their attack methods to exploit vulnerabilities in the network environment. Furthermore, there is a rising adoption of virtualized solutions within the mobile core network by operators to lower their OPEX and improve network efficiency. However, this adoption comes with drawbacks such as poor security and performance.
Hence, such factors are negatively impacting the Internet Protocol Multimedia Subsystem market and are expected to hinder its growth during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amdocs Ltd: The company offers IP multimedia subsystem that provides services for communications that enable to accelerate the business under the brand Amdocs Ltd.
Cisco Systems Inc: The company offers IP multimedia subsystems under the brand Modeva, Bitel.
Enghouse Systems Ltd: The company offers IP multimedia subsystem such as Cisco ASR 5000 Session Control Manager.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The IP Multimedia Subsystem (IMS) market is at the forefront of transforming communication technology, offering seamless integration across mobile networks and Voice over IP (VoIP) services. With the rise of mobile broadband and LTE networks, IMS revolutionizes network architecture to support diverse communication needs.
From video calling to messaging services, IMS facilitates multimedia content delivery over converged networks, enhancing user experiences. Mobile applications leverage IMS capabilities, enabling real-time communication and multimedia streaming.
IMS integrates network virtualization and cloud computing for enhanced network equipment, network security, and quality of service (QoS). Session Initiation Protocol (SIP) drives real-time communication, while multimedia messaging and conferencing solutions redefine IP telephony services.
With a focus on IP-based services and subscriber data management, IMS enhances network integration and supports diverse IP multimedia applications. VoIP services and broadband services are seamlessly delivered through IMS, empowering internet connectivity across communication protocols.
From system deployment to network management, IMS offers comprehensive solutions through service delivery platforms. Through market growth analysis, the IMS market continues to drive innovation, shaping the future of communication technology.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 18% |
Market Growth 2024-2028 |
USD 42.35 Billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
16.79 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 41% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amdocs Ltd., Athonet Srl, Cisco Systems Inc., Enghouse Systems Ltd., Genesys Telecommunications Laboratories Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Italtel S.p.A., Juniper Networks Inc., Mavenir Systems Inc., Mitel Networks Corp., NEC Corp., Nokia Corp., Oracle Corp., Reliance Industries Ltd., Ribbon Communications Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, ZTE Corp., and Cirpack |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market forecasting condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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