Global IP Multimedia Subsystem Market

Global IP Multimedia Subsystem Market Size, Share, Growth Analysis, By Mode of Communication(Mobile/Wireless, and Cable/Wireline), By End User(Consumer, and Enterprise) - Industry Forecast 2023-2030


Report ID: SQMIG50C2021 | Region: Global | Published Date: March, 2024
Pages: 177 | Tables: 61 | Figures: 75

Global IP Multimedia Subsystem Market Insights

Global Ip multimedia subsystem Market size was valued at USD 28.76 Billion in 2022 and is poised to grow from USD 33.08 Billion in 2023 to USD 101.18 Billion by 2031, at a CAGR of 15% during the forecast period (2024-2031).

The purpose of the IMS market is to facilitate seamless and integrated communication experiences for both individuals and enterprises. The major driving factor for the IMS market is the increasing demand for advanced communication services. With the proliferation of smartphones, tablets, and other mobile devices, there is a growing need for reliable and efficient multimedia communication. The IMS market also faces several challenges, including the need for continuous technological advancements to keep up with evolving communication standards and protocols. The IMS market presents significant opportunities. The increasing adoption of 5G networks and the growing demand for rich multimedia services offer a favorable landscape for IMS solutions. The global IP Multimedia Subsystem market serves the purpose of delivering integrated multimedia services over IP networks. The driving factors include the demand for advanced communication services, while restraining factors include the complexity of implementation and security concerns. The market faces challenges related to technology advancements, competition, and regulatory requirements. However, the opportunities lie in the adoption of 5G networks, emerging technologies, and the growing demand for multimedia services, presenting a promising outlook for the IMS market.

Market snapshot - 2024-2031

Global Market Size

USD 28.76 Billion

Largest Segment

mobile/wireless

Fastest Growth

mobile/wireless

Growth Rate

15% CAGR

Global IP Multimedia Subsystem Market ($ Bn)
Country Share for North America Region (%)
Global IP Multimedia Subsystem Market By Mode of Communication ($ Bn)
Global IP Multimedia Subsystem Market By Mode of Communication (%)

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Global IP Multimedia Subsystem Market Segmental Analysis

The global IP multimedia subsystem market is segmented on the basis of mode of communication, product, and region. By mode of communication, the market is segmented into mobile/wireless, and cable/wireline. By end user, the market is segmented into consumer, and enterprise. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

IP Multimedia Subsystem Market Analysis by Mode of Communication

The mobile/wireless segment is the largest segment in the global IP Multimedia Subsystem (IMS) market, accounting for a significant share. This can be attributed to the widespread adoption of mobile devices and the increasing demand for mobile communication services worldwide. With the proliferation of smartphones and the growing popularity of mobile applications, the mobile/wireless segment has witnessed substantial growth. The seamless integration of voice, video, and messaging services over mobile networks through the IMS framework has enhanced the user experience and driven the demand for mobile/wireless IMS solutions.

The cable/wireline segment is expected to be the fastest-growing segment in the global IMS market. The increasing demand for high-speed broadband connectivity and the expansion of fiber optic networks are driving the growth of the cable/wireline segment. As more households and businesses require reliable and high-performance internet connections, service providers are adopting IMS solutions to deliver advanced multimedia services over cable and wireline networks. The convergence of telecommunications and cable technologies has created opportunities for IMS deployments in the cable/wireline segment, enabling the delivery of integrated voice, video, and data services to consumers and businesses.

IP Multimedia Subsystem Market Analysis by End User

The consumer segment is the largest segment in the global IP Multimedia Subsystem (IMS) market. With the rise in consumer demand for multimedia-rich communication services, such as voice and video calling, instant messaging, and multimedia content sharing, the consumer segment has experienced significant growth. The adoption of smartphones, tablets, and other mobile devices by consumers has fueled the demand for IMS solutions that enable seamless communication across different networks and devices. The consumer segment benefits from the convenience and flexibility offered by IMS, allowing users to access a wide range of multimedia services and applications.

The enterprise segment is the fastest-growing segment in the global IMS market. As businesses increasingly rely on advanced communication and collaboration tools, the adoption of IMS solutions in the enterprise sector has gained momentum. IMS enables enterprises to integrate different communication channels, such as voice, video, messaging, and presence, into a unified platform. This integration enhances productivity, streamlines communication processes, and enables efficient collaboration among employees, regardless of their location. The enterprise segment is witnessing rapid growth due to the increasing demand for unified communication solutions and the need for reliable and scalable communication infrastructure in businesses of all sizes.

Global IP Multimedia Subsystem Market By Mode of Communication, 2023 (%)

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Global IP Multimedia Subsystem Market Regional Insights

North America is the dominating region owing to the presence of a well-established telecommunications infrastructure and a high adoption rate of advanced communication technologies. Major players in the IMS market are headquartered in North America, contributing to the region's dominance. The presence of leading technology companies and extensive research and development activities in the region also contribute to its market leadership.

Asia Pacific region is the fastest-growing region in the global IMS market. The region is experiencing rapid economic growth, increased mobile device penetration, and rising demand for advanced communication services. Countries like China, India, and South Korea are witnessing significant growth in their telecommunications industry and are embracing advanced communication technologies. The increasing adoption of smartphones and the growing popularity of multimedia applications and services are driving the demand for IMS solutions in the region.

Global IP Multimedia Subsystem Market By Region, 2024-2031
  • Largest
  • Fastest

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Global IP Multimedia Subsystem Market Dynamics

IP Multimedia Subsystem Market Drivers

5G Network Rollout

  • The deployment of 5G networks is a significant driver for the IMS market in 2022. With the increasing adoption of 5G technology, there will be a higher demand for advanced multimedia services that can leverage the capabilities of 5G networks. IMS enables service providers to deliver rich multimedia experiences over 5G, such as high-definition video calling, virtual reality applications, and interactive gaming.

Remote Work and Collaboration

  • The shift towards remote work and the need for effective collaboration tools are driving the demand for IMS solutions in 2022. As organizations embrace hybrid work models and distributed teams, there is a growing reliance on unified communication and collaboration platforms. IMS allows seamless integration of various communication channels, including voice, video, messaging, and file sharing, enabling remote teams to collaborate effectively.

IP Multimedia Subsystem Market Restraints

Network Security Concerns

  • Despite the benefits of IMS, network security remains a significant concern in 2022. As more sensitive data is transmitted over IP networks, the risk of cyber threats and data breaches increases. The IMS market needs to address these security challenges by implementing robust security measures, such as encryption, authentication, and intrusion detection systems, to ensure the integrity and confidentiality of communication services.

Implementation Complexity

  • The complexity of implementing IMS networks can act as a restraint in 2022. IMS involves integrating different network elements, protocols, and systems, which requires technical expertise and careful planning. The deployment and configuration of IMS solutions can be time-consuming and resource-intensive, posing challenges for organizations looking to adopt these advanced communication technologies.

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Global IP Multimedia Subsystem Market Competitive Landscape

The global IP multimedia subsystem market features a competitive landscape with several key players vying for market share. These companies are focused on innovation, strategic partnerships, and expanding their product offerings to gain a competitive edge. companies compete based on factors such as product innovation, performance, scalability, reliability, and customer support. They strive to develop advanced IMS solutions that meet the evolving needs of service providers and enable them to deliver high-quality multimedia services to their customers. strategic partnerships and collaborations with network operators and technology providers play a significant role in the competitive landscape of the IMS market, as companies aim to expand their market reach and enhance their product offerings through synergies and mutual expertise.

IP Multimedia Subsystem Market Top Player’s Company Profiles

  • Ericsson AB (Sweden)
  • Oracle Corporation (US)
  • ZTE Corporation (China)
  • NEC Corporation (Japan)
  • Ribbon Communications Inc. (US)
  • Genband LLC (US)
  • Mavenir Systems Inc. (US)
  • Metaswitch Networks Ltd. (UK)
  • Italtel SpA (Italy)
  • Dialogic Corporation (US)
  • Radisys Corporation (US)
  • Comarch SA (Poland)
  • Ribbon Communications Operating Company, Inc. (US)
  • AT&T Inc. (US)
  • BT Group plc (UK)
  • Telefonaktiebolaget LM Ericsson (Sweden)
  • KT Corporation (South Korea)

IP Multimedia Subsystem Market Recent Developments

  • In February 2023, Virgin Media 02 was able to provide Voice over LTE (VoLTE) and Voice over WiFi (VoWiFi) services thanks in large part to Mavenir's virtualized IP Multimedia Subsystem (IMS) technology. Virgin Media 02, a significant telecom provider, has improved its voice communication services for clients by utilizing Mavenir's cutting-edge IMS system. Virgin Media 02 has been able to provide its customers with seamless VoLTE and VoWiFi services by implementing Mavenir's virtualized IMS. VoLTE makes it possible to have crystal-clear conversations and faster call setup times across 4G LTE networks. Conversely, VoWiFi allows users to place voice calls over WiFi networks, offering improved indoor connectivity and broader coverage. 
  • Ericsson and AXIAN Telecom teamed together during the Mobile World Congress 2023 in Barcelona, Spain, in March 2023. Through this partnership, AXIAN Telecom's operations in Madagascar will be brought up to date, with a particular emphasis on their core networks for Telma Madagascar, their Radio Access Network (RAN), and their microwave transport infrastructure. Ericsson is expected to provide a mobile transport network solution that is both affordable and adaptable. Improvements and extensions in a number of areas, including IP IMS, virtual billing, virtual User Data Consolidation, and virtual mediation, are part of the modernization endeavor. 
  • In August 2022, Bharti Airtel (Airtel), the provider of communications solutions in India, announced that it had signed 5G network agreements with Nokia, Ericsson, and Samsung to commence 5G deployment in the country. 

Global IP Multimedia Subsystem Key Market Trends

  • Integration with AI and IoT: In 2022, a key trend in the IMS market is the integration of IMS with artificial intelligence (AI) and the Internet of Things (IoT). This integration allows for enhanced multimedia experiences and intelligent communication services. For example, IMS can leverage AI capabilities for voice recognition, natural language processing, and chatbot interactions. Moreover, the integration with IoT enables IMS to support communication between IoT devices and facilitate machine-to-machine communication.

Global IP Multimedia Subsystem Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global IP multimedia subsystem market analysis, the market is a rapidly growing sector that involves the integration of various multimedia services such as voice, video, and data over IP networks. IMS provides a framework for delivering rich multimedia experiences to users across different devices and networks. It plays a crucial role in enabling services like Voice over LTE (VoLTE), video calling, instant messaging, and more. The market for IMS is driven by several factors. Firstly, the increasing adoption of IP-based communication networks and the growing demand for advanced multimedia services contribute to market growth. The global IP Multimedia Subsystem (IMS) market is witnessing significant growth due to the increasing adoption of IP networks and the demand for advanced multimedia services. While challenges exist, the market offers opportunities for vendors to provide innovative solutions and capitalize on the growing demand for seamless multimedia experiences.

Report Metric Details
Market size value in 2023 USD 28.76 Billion
Market size value in 2031 USD 101.18 Billion
Growth Rate 15%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Mode of Communication
    • Mobile/Wireless, and Cable/Wireline
  • End User
    • Consumer, and Enterprise
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Ericsson AB (Sweden)
  • Oracle Corporation (US)
  • ZTE Corporation (China)
  • NEC Corporation (Japan)
  • Ribbon Communications Inc. (US)
  • Genband LLC (US)
  • Mavenir Systems Inc. (US)
  • Metaswitch Networks Ltd. (UK)
  • Italtel SpA (Italy)
  • Dialogic Corporation (US)
  • Radisys Corporation (US)
  • Comarch SA (Poland)
  • Ribbon Communications Operating Company, Inc. (US)
  • AT&T Inc. (US)
  • BT Group plc (UK)
  • Telefonaktiebolaget LM Ericsson (Sweden)
  • KT Corporation (South Korea)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global IP Multimedia Subsystem Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global IP Multimedia Subsystem Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global IP Multimedia Subsystem Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global IP Multimedia Subsystem Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global IP Multimedia Subsystem Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global IP Multimedia Subsystem Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Global Ip multimedia subsystem Market size was valued at USD 28.76 Billion in 2022 and is poised to grow from USD 33.08 Billion in 2023 to USD 101.18 Billion by 2031, at a CAGR of 15% during the forecast period (2024-2031).

The global IP multimedia subsystem market features a competitive landscape with several key players vying for market share. These companies are focused on innovation, strategic partnerships, and expanding their product offerings to gain a competitive edge. companies compete based on factors such as product innovation, performance, scalability, reliability, and customer support. They strive to develop advanced IMS solutions that meet the evolving needs of service providers and enable them to deliver high-quality multimedia services to their customers. strategic partnerships and collaborations with network operators and technology providers play a significant role in the competitive landscape of the IMS market, as companies aim to expand their market reach and enhance their product offerings through synergies and mutual expertise. 'Cisco Systems Inc. (US)', 'Nokia Corporation (Finland)', 'Huawei Technologies Co. Ltd. (China)', 'Ericsson AB (Sweden)', 'Oracle Corporation (US)', 'ZTE Corporation (China)', 'NEC Corporation (Japan)', 'Ribbon Communications Inc. (US)', 'Genband LLC (US)', 'Mavenir Systems Inc. (US)', 'Metaswitch Networks Ltd. (UK)', 'Italtel SpA (Italy)', 'Dialogic Corporation (US)', 'Radisys Corporation (US)', 'Comarch SA (Poland)', 'Ribbon Communications Operating Company, Inc. (US)', 'AT&T Inc. (US)', 'BT Group plc (UK)', 'Telefonaktiebolaget LM Ericsson (Sweden)', 'KT Corporation (South Korea)'

The deployment of 5G networks is a significant driver for the IMS market in 2022. With the increasing adoption of 5G technology, there will be a higher demand for advanced multimedia services that can leverage the capabilities of 5G networks. IMS enables service providers to deliver rich multimedia experiences over 5G, such as high-definition video calling, virtual reality applications, and interactive gaming.

Integration with AI and IoT: In 2022, a key trend in the IMS market is the integration of IMS with artificial intelligence (AI) and the Internet of Things (IoT). This integration allows for enhanced multimedia experiences and intelligent communication services. For example, IMS can leverage AI capabilities for voice recognition, natural language processing, and chatbot interactions. Moreover, the integration with IoT enables IMS to support communication between IoT devices and facilitate machine-to-machine communication.

North America is the dominating region owing to the presence of a well-established telecommunications infrastructure and a high adoption rate of advanced communication technologies. Major players in the IMS market are headquartered in North America, contributing to the region's dominance. The presence of leading technology companies and extensive research and development activities in the region also contribute to its market leadership.

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