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The Business Research Company’s IP Multimedia Subsystem (IMS) Services Global Market Report 2024 offers crucial insights into the IP multimedia subsystem (IMS) services market help businesses analyse and build stronger strategies.

Introduction

The IP multimedia subsystem (IMS) services market has been on a rapid growth trajectory, driven by technological advancements and increasing demand for integrated communication services. This blog explores the current trends, factors contributing to market growth, and future prospects.

Market Growth Overview

• 2023-2024 Growth: The IMS services market size is set to grow from $2.94 billion in 2023 to $3.42 billion in 2024, with a compound annual growth rate (CAGR) of 16.3%.
• 2024-2028 Projections: By 2028, the market is expected to reach $6.35 billion, growing at a CAGR of 16.7%.

Key Drivers of Historic Growth

• Converged Services Demand: Increasing need for seamless integration of voice, video, and data services.
• Smartphone Proliferation: Rising smartphone usage boosts mobile data consumption.
• LTE Network Deployment: Expansion of long-term evolution (LTE) networks enhances connectivity.
• OTT Services Rise: Over-the-top (OTT) services increase demand for high-quality multimedia experiences.
• Enhanced Multimedia Experiences: Growing consumer expectations for high-quality multimedia content.

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Future Growth Catalysts

• 5G Network Adoption: Accelerated implementation of 5G technology.
• VoLTE Demand: Increasing usage of Voice over LTE (VoLTE) services.
• IoT Devices Proliferation: Expanding Internet of Things (IoT) ecosystem.
• Cloud-Based Services: Shift towards scalable and efficient cloud-based solutions.
• Rich Communication Services (RCS): Enhanced communication through RCS adoption.

Emerging Trends

• AI and ML Integration: Adoption of artificial intelligence (AI) and machine learning (ML) for improved service delivery.
• MEC Integration: Incorporation of IMS services with multi-access edge computing (MEC).
• AI-Driven Automation: Automation of processes using AI technologies.
• Edge Computing Platforms: Integration with edge computing to optimize service delivery.

Impact of Remote Work Culture

• Remote Work Trend: Increasing prevalence of remote work, driven by employee preferences and cost savings.
• Seamless Communication: IMS services enable integrated voice, video, and data functionalities over IP networks, crucial for remote collaboration.
• Telework Statistics: As of August 2023, approximately 19.5% of workers in the U.S. engaged in telework, highlighting the sustained need for robust IMS services.

Leading Companies in the Market

• Major Players: Samsung Electronics, Huawei Technologies, IBM, Cisco Systems, Oracle, Nokia, Ericsson, NEC, ZTE, Mavenir Systems, among others.
• Strategic Developments: Companies are focusing on innovative solutions like SIP-based IMS for enhanced communication.

SIP-Based IMS Solutions

• Advanced Solutions: Development of MAPS session initiation protocol (SIP)-based IMS for multimedia services.
• Example: In March 2022, GL Communications launched the MAPS SIP IMS Test Suite, a comprehensive emulation software for signaling and traffic generation.

Strategic Acquisitions

• Mobileum Inc.: In June 2021, Mobileum acquired Developing Solutions Inc., expanding its core network testing capabilities for 3G, 4G, 5G, and IMS services.

Market Segmentation

• By Service: Instant Messaging, VoIP, VoLTE, VoWiFi, Other Services.
• By Application: Residential, Enterprise, Government and Public Sector, Other Applications.
• By End-User: Telecom Operators, Enterprises, Government Organizations, Other End Users.

Regional Insights

• North America: Largest region in the IMS services market in 2023.
• Asia Pacific: Expected to be the fastest-growing region during the forecast period.

Conclusion

The IP multimedia subsystem (IMS) services market is poised for substantial growth, driven by technological advancements and evolving consumer demands. With continued innovation and strategic investments, the market is set to transform the landscape of integrated communication services.

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The IP Multimedia Subsystem (IMS) Services Global Market Report 2024  provides a comprehensive outlook of the IP multimedia subsystem (IMS) services market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The IP multimedia subsystem (IMS) services market forecast offers a thorough analysis on IP multimedia subsystem (IMS) services market size, IP multimedia subsystem (IMS) services market share, prominent players and their strategies.

The Table Of Content For The IP Multimedia Subsystem (IMS) Services Market Include:
1. IP Multimedia Subsystem (IMS) Services Market Executive Summary
2. IP Multimedia Subsystem (IMS) Services Market Segments
3. IP Multimedia Subsystem (IMS) Services Market Size And IP Multimedia Subsystem (IMS) Services Market Growth Rate
4. Key IP Multimedia Subsystem (IMS) Services Market Trends
5. Major IP Multimedia Subsystem (IMS) Services Market Drivers
……
25. Key Mergers And Acquisitions In The IP Multimedia Subsystem (IMS) Services Market
26. Top IP Multimedia Subsystem (IMS) Services Companies
27. IP Multimedia Subsystem (IMS) Services Market Opportunities And Strategies
28. IP Multimedia Subsystem (IMS) Services Market, Conclusions And Recommendations
29. Appendix

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