What Has Been the Growth of the IP Multimedia Subsystem IMS Services Market So Far?
The ip multimedia subsystem ims services market has seen considerable growth due to a variety of factors.
• The market size for IP multimedia subsystem (IMS) services has seen a swift increase in the past few years. The rapid increase is indicated by a projected rise from $3.42 billion in 2024 to $4 billion in 2025, indicating an aggregated annual growth rate (CAGR) of 17.0%.
The significant growth in the historical frame can be credited to the growing demand for unified services, the surge of smartphones and mobile data consumption, the institution of long-term evolution (LTE) networks, the emergence of OTT services, and the elevated demand for top-tier multimedia experiences.
What Are the Future Growth Projections for the IP Multimedia Subsystem IMS Services Market?
The ip multimedia subsystem ims services market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the IP multimedia subsystem (IMS) services market is poised for a speedy expansion. Its valuation is anticipated to reach $7.41 billion by 2029, posting a compound annual growth rate (CAGR) of 16.7%.
Factors contributing to this growth during the forecast period include the widespread acceptance of 5G networks, increased appetite for VoLTE, the increase of Internet of Things (IoT) devices, the shift towards services based on cloud, and the urge for rich communication services (RCS). Some key trends for the forecast period include the embracement of artificial intelligence (AI) and machine learning (ML) technologies, the incorporation of IMS services with multi-access edge computing (MEC), AI-fueled automation, and the consolidation of IMS services with edge computing platforms.
What Are The Core Factors Supporting Growth In The IP Multimedia Subsystem IMS Services Market?
The proliferation of the culture of remote work is anticipated to push forward the expansion of the IP multimedia subsystem (IMS) services market. The culture of remote work embodies a company's digital environment that strengthens internal networks amongst employees, nurtured by communal experiences, priorities, and interests. The evolution in employees' preferences, cost reduction benefits for employers, and the necessity for more flexible work setups are contributing to the growth of the remote work culture. IMS services enhance the effectiveness of communication and collaboration in remote work settings by integrating voice, video, and data capabilities over IP networks. For example, as reported by the U.S. Bureau of Labor Statistics, a governmental agency based in the U.S., in August 2023, about 19.5% of workers were involved in telework or paid work from home. This was in line with the range of 17.9% to 20% noted from October 2022 to August 2023. Consequently, the proliferation of remote work culture is fuelling the growth of the IP multimedia subsystem (IMS) services market.
What Are The Major Segments Within The Global IP Multimedia Subsystem IMS Services Market?
The IP multimedia subsystem (IMS) services market covered in this report is segmented –
1) By Service: Instant Messaging, Voice Over Internet Protocol (VoIP), Voice Over Long Term Evolution (VoLTE), Voice Over Wi-Fi (VoWiFi), Other Services
2) By Application: Residential, Enterprise, Government And Public Sector, Other Applications
3) By End-User: Telecom Operators, Enterprises, Government Organizations, Other End Users
Subsegments:
1) By Instant Messaging: Text Messaging (SMS, MMS), Multimedia Messaging (MMS), Chat and Group Messaging, Rich Communication Services (RCS)
2) By Voice Over Internet Protocol (VoIP): Enterprise VoIP, Residential VoIP, Mobile VoIP, VoIP For International Calling
3) By Voice Over Long Term Evolution (VoLTE): Voice Calls Over LTE Network, HD Voice Service, VoLTE For Mobile Operators, VoLTE For Enterprise Communication
4) By Voice Over Wi-Fi (VoWiFi): Voice Calls Over Wi-Fi Networks, Wi-Fi Calling For Mobile Devices, VoWiFi For International Roaming, VoWiFi For Home Or Office Use
5) By Other Services: Video Calling And Conferencing, Multimedia Streaming Services, Unified Communications Services, Real-Time Communication (RTC) Services, Push-To-Talk Services
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How Are Emerging Trends Reshaping The Dynamics Of The IP Multimedia Subsystem IMS Services Market?
Notable firms in the IP multimedia subsystem (IMS) services market are striving to gain an upper hand by innovating and delivering enhanced solutions, such as MAPS session initiation protocol (SIP)-based IP multimedia subsystems (IMS). MAPS SIP-based IP multimedia subsystem (IMS) is a structure designed to provide multimedia services across IP networks, using SIP as the primary signaling protocol for starting and controlling communication sessions. A recent development was reported in March 2022 by GL Communications Inc., a US-based telecommunication consultancy company, when they unveiled the MAPS Session Initiation Protocol (SIP) IMS Test Suite. MAPS is a multifaceted emulation software that supports numerous protocols and interfaces for signaling and traffic generation, covering voice, tones, digits, fax, data, and video within a unified structure. The test suite provides an all-inclusive network environment, enabling users to test their applications, devices, and services prior to their network deployment.
Who Are the Key Players In The IP Multimedia Subsystem IMS Services Market?
Major companies operating in the IP multimedia subsystem (IMS) services market are:
• Samsung Electronics Co. Ltd.
• Huawei Technologies Co. Ltd.
• International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Nokia Corporation
• Ericsson AB
• NEC Corporation
• ZTE Corporation
• Mavenir Systems Inc.
• F5 Inc.
• Genesys Telecommunications Laboratories Inc.
• Italtel SpA
• Ribbon Communications Inc.
• Avaya Holdings Corp
• Dialogic Corporation
• Aviat Networks Inc.
• Genband Telecommunications Private Limited
• Metaswitch Networks Ltd.
• Allot Communications Ltd.
• CommVerge Solutions Limited
• Interop Technologies LLC
• Unify Technologies Pvt Ltd.
• CommuniGate Systems Inc.
• Bradford Networks Inc.
What Is The Most Dominant Region In The IP Multimedia Subsystem IMS Services Market?
North America was the largest region in the IP multimedia subsystem (IMS) services market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IP multimedia subsystem (IMS) services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
