The global market for IP multimedia subsystems is expected to grow from nearly US$ 14.3 billion in 2017 to nearly US$ 50.4 billion by 2026. This implies a compound annual growth rate (CAGR) of 15% by 2026.
Future Market Insights (FMI) recently published a report on the global market for IP multimedia subsystems, claiming that the market will grow at an impressive rate over the forecast period (2016-2026). Demand for IP multimedia subsystems is expected to grow rapidly and generate US$ 50,347.4 Mn in revenue by 2026, representing a 15% CAGR during the forecast period.
The growing use of shared service infrastructure is cited as a major factor driving the global IP multimedia subsystem market. Furthermore, interoperability with the Internet and support for quality of service are expected to drive demand for IP multimedia subsystems in the near future.
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As per the FMI report, the global market for IP multimedia subsystem is expected to represent an incremental opportunity of US$ 37,927.6 Mn between 2016 and 2026. The market is anticipated to witness overwhelming growth owing to the increasing usage of services such as instant messaging, multimedia, and conferencing. Moreover, enterprises are now using IP multimedia subsystem to communicate with other business clients in real-time. IP multimedia subsystems enable service expansion, especially in multimedia communication and integrated voice services.
This helps in collaboration of multiple media, multiple points of access and multiple modes of communication into a single network, which is why a large number of network operators are adopting IMS services. Mitel Networks Corporation, Cirpack SAS, Italtel S.p.A, Cisco Systems, Inc., Huawei Technologies Co. Ltd., Du, IBM Corporation, ZTE Corporation, Etisalat, Ericsson Inc., Nokia Corporation, MTN Irancell Telecommunication Services Company are recognised as top companies providing IP multimedia subsystem solutions.
Key Highlights of the Report include:
- In 2016, revenues from the sale of mobile/wireless mode IP multimedia subsystem stood at US$ 8,687.9 Mn and is expected to reach US$ 40,931.3 Mn towards the end of the forecast period representing a CAGR of 20.8%. Consumers and enterprises are increasingly adopting IP multimedia subsystem solutions due to increasing usage of wireless phones, laptops and other wireless devices.
- Application of IP multimedia subsystem in Internet and web service is expected to garner US$ 14,579.8 Mn in revenues by the end of the assessment period, reflecting a CAGR of 17.2% over 2026. This is attributed to the robust use of internet and web-based services for managing online business applications, VoIP applications, VoLTE applications and others Internet-based communication. Meanwhile, use of IP multimedia subsystem in VoIP is also increasing owing to the growing popularity of video and voice-based communication.
- By the end of 2026, US$ 28,283.7 Mn worth IP multimedia subsystems are expected to be sold globally to end-user consumers. Consumers are rapidly adopting IP multimedia subsystem services owing increasing adoption of social media platforms for social and personal communication.
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Among regions, the market for IP multimedia subsystems in North America is expected to remain dominant throughout the forecast period. In 2016, the region’s market reached a valuation of US$ 3,318.2 Mn, with 26.7% revenue share. APEJ is also expected to witness a robust growth of its IP multimedia subsystems market, increasing at an attractive CAGR of 18.5 % during the forecast period.
Increasing usage of multimedia applications is a growing trend in the global IP multimedia subsystem marketIP multimedia subsystem services are enabling devices such as smartphones and laptops to access services through various networks such as cellular, broadband, Wi-Fi and others. In addition, along with the rising use of smartphones, individuals are using multimedia applications in order to improve their communications.
IP multimedia subsystem services allow users to use services such as multimedia conferencing, instant messaging, push-to-talk and other services along with maintaining the quality of services without increasing costs. Going with this current trend, many operators have started offering multimedia capabilities through IP multimedia subsystem services such as video, messaging, audio, push service and others to improve their offerings.
Market TaxonomyBy Mode of Communication
- Mobile/Wireless
- Cable/Wireline
By End User
- Consumer
- Enterprise
By Application
- Internet & Web Service
- VoIP
- SMS
- Video Conferencing
- Video on Demand
- Others
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Middle East and Africa
- Japan
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