The global IP multimedia subsystem market is expected to grow from almost USD 14.3 billion in 2017 to nearly USD 50.4 billion by 2026. This implies a 15% compound annual growth rate (CAGR) by the end of 2026.
| Attribute | Details |
|---|---|
| Estimated market size of global IP multimedia subsystem market in 2017 | USD 14.3 Billion |
| Projected market size of global IP multimedia subsystem market by 2026 | USD 50.4 Billion |
| CAGR during 2017 to 2026 | 15% |
In 2016, the internet and online service segment was worth about USD 3,000 million and accounted for 23.9% of total revenue. At a CAGR of 16.3%, the VoIP segment is expected to reach a value of almost USD 14,000 Million, accounting for 27.3% of revenue share by 2026.
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Due to IP multimedia subsystems, network operators can expand the portfolio of their services such as multimedia communication and integrated voice services. This aids in the collaboration of multiple media, multiple points of access and multiple modes of communication into a single network due to which a large number of network operators are adopting IP multimedia subsystem services.
IP multimedia subsystem services also include a feature to add, modify or delete a session in the existing multimedia call and help end users have a personalised experience for voice, data and multimedia sessions. IP multimedia subsystem services help users to choose the most suitable medium of communication in real time, and allow them to control when and how they want to communicate.
When any system is connected to the internet, it increases the possibility of cyber-attacks and easy data hacking, which is a risk that is not associated with internal security systems. Due to this, enterprises are not eager to use internet based IP multimedia subsystem services so as to not expose their applications to the internet. Authentication into these services needs to ensure appropriate levels of protection with strong multifactor security options.
Many service providers are providing IP multimedia subsystem services without strong security services due to which cyber criminals can access such internet-based services easily and can also hack the confidential or personal information of users. This acts as a restraint to the IP multimedia subsystem market growth.
Operators have invested significantly in their broadband infrastructure in order to provide better and advanced services to their customers. Network service providers are adding new communication services such as IP multimedia subsystem services to their offerings that can help address the needs of existing customers and aid in the process of business expansion.
Many companies have started to offer wireline IP multimedia subsystem solutions that help operators directly offer IP telephony and improve Voice over Internet Protocol (VoIP) services with multimedia capabilities such as video conferencing, buddy list and instant messaging.
This type of expansion of services has increased the penetration of IP multimedia subsystem services in the market as it allows the operators to introduce new revenue generating services and reduce operating costs as well as capital expenditure.
The internet and web service segment was valued at nearly USD 3,000 Million and accounted for 23.9% revenue share in 2016. The segment is expected to be valued in excess of USD 14,000 Million by 2026 end, accounting for 29.0% revenue share at a CAGR of 17.2%. Internet and web based services are being increasingly adopted by users due to high usage of social media services on personal devices.
The VoIP segment is also expected to witness robust growth, despite demand being relatively lower. This segment was valued at over USD 3,000 Million, and accounted for 24.4% value share in 2016. By 2026 end, this segment is projected to reach a value of nearly USD 14,000 Million, and account for 27.3% revenue share at a CAGR of 16.3%.
IP 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 a 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.
The global IP multimedia subsystem market is expected to grow from almost USD 14.3 billion in 2017 to nearly USD 50.4 billion by 2026, with 15% CAGR.
Ericsson (Sweden), Huawei (China), NEC (Japan), Nokia (Finland), ZTE (China), Athonet (Italy), Cirpack (France), Cisco (US), CommVerge Solutions (China) are some prominent IP multimedia subsystem manufacturers
IP Multimedia Subsystem (IMS) Market
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