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The increased use of multimedia applications is expected to drive innovation in the manufacturing of IP multimedia subsystems, driving the market during the forecast period.

The global IP multimedia subsystem market is expected to grow from $2.90 billion in 2022 to $3.31 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The IP multimedia subsystem market is expected to grow to $5.63 billion in 2027 at a CAGR of 14.2%.

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Global IP Multimedia Subsystem Market Segments Include:

• By Component: Product and Services
• By Operators: Mobile operators, Fixed operators
• By End User: Consumer, Enterprise
• By Application: Internet and Web Services, VoIP, SMS, Video Conferencing, Video on Demand, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global IP multimedia subsystem market in 2021.

Major Market Players in the IP multimedia subsystem market include Huawei Co., Ltd., Cisco System Inc., Ericsson, NEC Corporation, Nokia Corporation, ZTE Corporation, Dialogic, Cirpack, Athonet, Oracle, International Business Machines Corporation, Mavenir, Radisys Corporation, Samsung, and WIT Software SA.

The key trend that is gaining traction in the IP multimedia subsystem market is technological advancement. To strengthen their market position, major corporations are focusing on research and development for product innovations. For example, in January 2022, GL Communications Inc., a South Korean multinational telecommunications equipment and services company, introduced the MAPS LCS Test Suite, an advanced conformance test tool that supports the simulation of a wide range of telecommunication protocols and works on the unique feature of Session Initiation Protocol (SIP). Session initiation protocol (SIP) is an advanced signalling protocol that enables voice, messaging, video, and other communication channels between endpoints on IP networks by using real-time communication sessions. The MAPS LCS Test Suite provides a full-featured network environment in which clients can test their applications, devices, and services within the IP multimedia subsystem (IMS) infrastructure using ready-to-use testbed configurations.

The IP Multimedia Subsystem Global Market Report 2023  provides a IP multimedia subsystem market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The IP multimedia subsystem market forecast analyzes IP multimedia subsystem market size, IP multimedia subsystem market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A framework for delivering multimedia communications services over IP networks is referred to as the IP multimedia subsystem. The All-IP network serves as the IP multimedia subsystem’s foundation, mapping and implementing all communication services during switching and transfer.

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