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 2024-2031

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

Global IP Multimedia Subsystem Market News

  • 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. 
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global IP Multimedia Subsystem Market

Report ID: SQMIG50C2023 | Region: Global | Published Date: March, 2024 | Pages: 177 | Tables: 90 | Figures: 76

Global Massive MIMO Market
Buy Now GET FREE SAMPLE
Global IP Multimedia Subsystem Market

Report ID: UCMIG50C2013 | Region: Global | Published Date: March, 2024 | Pages: 165 | Tables: Figures:

5G Core Market
Buy Now GET FREE SAMPLE
Global IP Multimedia Subsystem Market

Report ID: UCMIG50C2023 | Region: Global | Published Date: March, 2024 | Pages: 165 | Tables: Figures:

Telecom Expense Management Market
Buy Now GET FREE SAMPLE
Global IP Multimedia Subsystem Market

Report ID: SQMIG50C2024 | Region: Global | Published Date: March, 2024 | Pages: 160 | Tables: 103 | Figures: 76

Global Telecommunication Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global IP Multimedia Subsystem Market

Product ID: SQMIG50C2021

$5,300
BUY NOW GET FREE SAMPLE