IP Multimedia Subsystem Market Scope
IP Multimedia Subsystem is basically an architectural framework which enables or helps in delivering IP multimedia services over the internet. It is also a 3rd Generation Partnership Project (3GPP) standardized architecture that ensures the mobile and fixed operators are delivering Internet Protocol services, such as Voice over Long-Term Evolution (VoLTE), Voice over Wireless Fidelity (VoWiFi), Rich Communication Services (RCS), and Unified Communications-as-a-Service (UCaaS). These subsystems are beneficial for enabling secure and reliable multimedia communications between diverse devices across diverse networks. Growing demand for network infrastructure all over the world is driving the market of IP Multimedia Subsystem.
The market study is being classified, by Application (Mobile Phones, Personal Digital Assistants (PDAS), Desktops/Laptops, Digital Subscriber Line (DSL) and Cable Set-Top Box) and major geographies with country level break-up. According to AMA, the Global IP Multimedia Subsystem market is expected to see growth rate of 16.19%
The IP multimedia subsystem (IMS) services market is highly fragmented and competitive because of the presence of many major players. The competition in the market has reached an interesting level, with the involvement of leading technology giants, such as Huawei, Ericsson, and Alcatel-Lucent, leading the race to dominate the market space. Key players in this market are catering the demand by collaborating, product innovations and acquiring with small players and investing in technologically advanced product portfolio across the globe. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global IP Multimedia Subsystem market throughout the predicted period.
Ericsson (Sweden), Huawei (China), NEC (Japan), Nokia (Finland), ZTE (China), Athonet (Italy), Cirpack (France), Cisco (United States), CommVerge Solutions (China), Dialogic (United States) and WIT Software (Portugal) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Interop Technologies (United States), Italtel (Italy), Metaswitch (United Kingdom), Mavenir (United States), Oracle (United States), Radisys (United States), Ribbon Communication (United States) and Samsung (South Korea).
AdvanceMarketAnalytics has segmented the market of Global IP Multimedia Subsystem market by Type, Application and Region.
On the basis of geography, the market of IP Multimedia Subsystem has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mobile Operator, the sub-segment i.e. Mobile operators will boost the IP Multimedia Subsystem market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component type , the sub-segment i.e. Product will boost the IP Multimedia Subsystem market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution Type, the sub-segment i.e. Voice Test and Monitoring Solutions will boost the IP Multimedia Subsystem market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In April 2018, Athonet headquartered in Italy partnered with Ambra (Canada) to implement Canada’s first LTE underground network in a gold mining company, Agnico Eagle, using Mobile Core and IMS.
In November 2017, The Company named Athonet launched the S-GW local breakout function, which helped in enabling low latency videos, caching, and content management at the network edge, by using standard 3GPP-compliant interfaces and open APIs. This feature also enables local breakout for other edge computing services that require low latency, security, and optimization of data flows.
- Majorly Acceptance and Usage of Volte and LTE Services
- Increasing Demand of Network Infrastructure all Over the World
- Reducing Rates of Capex and Opex
- Rising Demand for Music and Video-On-Demand Services by Consumers
- Increasing Customer Preferences for Improved Internet Speed, and the Proliferation of Smartphones
- Huge Opportunity for Network Operators in Volte and Vowifi Spaces
- Growing Emergence of 5G Globally
- The Reluctance in Transiting from the Legacy Infrastructure to a Virtualized Infrastructure
- Security Concerns in Virtualization
- Lack of Skilled Workforce
- Issue Related to IP Multimedia Subsystem (IMS) Architecture
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