Global IP Multimedia Subsystem IMS Market Insights Forecasts to 2033

• The Global IP Multimedia Subsystem IMS Market Size was Valued at USD 2.71 Billion in 2023
• The Market Size is Growing at a CAGR of 13.04% from 2023 to 2033
• The Worldwide IP Multimedia Subsystem IMS Market Size is Expected to Reach USD 9.23 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The IP Multimedia Subsystem IMS Market Size is Anticipated to Exceed USD 9.23 Billion by 2033, Growing at a CAGR 13.04% from 2023 to 2033.

Market Overview

IP multimedia subsystem (IMS) is an open architecture standard based on the session initiation mechanism. It specifies how applications and services are supplied to customers, regardless of the access network over which they operate. IMS separates session control from the host application to maximize flexibility, while also standardizing the signaling and control layer, and also network-based and web-enabled applications and services. An IP multimedia subsystem (IMS) test and monitoring solutions market intends to ensure the durability, dependability, and efficiency of IP-based multimedia communication networks. The IP multimedia subsystem enables dependable and secure multimedia communications between a variety of devices and networks. The debut of VoLTE and LTE, and also the desire for a global norm for network services and infrastructure, has become important drivers of the IMS market. IMS utilizes IP networks to ensure the seamless integration of multiple communication services, such as data, video, and audio. The demand for advanced testing and monitoring systems has grown as communication service providers increasingly adopt IMS architectures to provide next-generation services. These solutions are critical for ensuring that IMS construction fulfills industry standards and is functional and interoperable.

The key companies in the worldwide IP multimedia subsystem market include Huawei Technologies Co. Ltd., Cisco Systems Inc., Amdocs Ltd., Samsung Electronics Co., Ltd., IBM Corporation, Hewlett Packard Enterprise Co., Nokia Corporation, and Ericsson AB.

Major market players participate in product launches to extend their product offering. For instance in February 2024, Huawei released Enterprise Network Integration Service Solution 3.1, which includes established processes, scenario-based planning and design, and automated network migration capabilities. The technology allows smooth network architectural evolution, flexible service bearing, and improved bandwidth usage, assisting clients in building a resilient, secure, and efficient network.

Emergence of 5G Gives Potential Opportunities

5G technology is expected to significantly change the role of telecommunications in society. It is anticipated to enable the widespread digitalization of a hyper-connected society, in which all people are virtually connected to the network and a variety of different devices, resulting in a society in which everything is connected. The deployment of IP multimedia subsystems is accelerating. According to the GSMA research, 138 operators worldwide launched IMS-based VoLTE networks in the recent decade. 5G signifies the next generation of information and communication technology (ICT). Several industries, including healthcare, entertainment, government, transportation, and education, will profit from 5G technology during the projection period. This technology offers advantages such as seamless communication, high computational power, cloud computing, and minimal latency.

Report Coverage

This research report categorizes the market for the IP multimedia subsystem IMS market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the IP multimedia subsystem IMS market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the IP multimedia subsystem IMS market.

Driving Factors

Compared to other systems, the IP multimedia subsystem provides a cost-effective option. The cost efficiency of internet protocol (IP) multimedia subsystems (IMS) benefits both large and small businesses, which is significant reason driving revenue growth in the market. The IP multimedia subsystem's standardized and user-friendly nature makes it an ideal solution for a wide range of businesses that want to manage, regulate, and increase productivity while keeping costs down.

Restraining Factors

Security concerns in virtualization are a critical element that may restrict industry revenue development. When a system is connected to the Internet, it increases the possibility of cyberattacks and makes data more vulnerable to hacking, a danger that internal security systems do not normally experience.

Market Segmentation

The IP multimedia subsystem IMS market share is classified into component, mobile operator, and end-use industry.

• The services segment accounted for the largest revenue share over the forecast period.

Based on the component, the IP multimedia subsystem IMS market is categorized into product and services. Among these, the services segment accounted to hold the largest revenue share over the forecast period. This is because of the need to supply various communication services such as audio, video, text, and data via a standardized platform across several devices and networks. IMS offers advanced communication capabilities and services such as rich multimedia interaction, real-time video conferencing, presence-based services, and integrated messaging.

• The mobile operators segment is projected to grow at the highest CAGR during the forecast period.

Based on the mobile operator, the IP multimedia subsystem IMS market is categorized into mobile operators and fixed operators. Among these, the mobile operators segment is projected to grow at the highest CAGR during the forecast period. Mobile operators have faced numerous hurdles, including upgrading advancing technology to meet current end-user demands, intense competition, and significant OPEX and CAPEX. Operators are looking for cost-effective and scalable solutions. One of the primary drivers of the mobile operator market is growing investment in 5G infrastructure deployment as a result of a shift in customer preference for smartphone devices and next-generation technology.

• The enterprise segment is projected to hold a significant market share through the forecast period.

Based on the end-use industry, the IP multimedia subsystem IMS market is categorized into consumer and enterprise. Among these, the enterprise segment is projected to hold a significant market share through the forecast period. IP multimedia subsystem IMS market enables enterprises to combine many communication channels, such as audio, video, message, and presence, into a unified platform. This integration not only boosts productivity but also simplifies communication protocols, allowing staff to collaborate effectively regardless of location.

Regional Segment Analysis of the IP Multimedia Subsystem IMS Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the IP multimedia subsystem IMS market over the predicted timeframe.

North America is projected to hold the largest share of the IP multimedia subsystem IMS market over the predicted timeframe. The region has a well-developed telecommunications infrastructure and a high adoption rate for sophisticated communication technologies. Major competitors in the IMS industry are headquartered in North America, contributing to the region's dominant position. The presence of top technology businesses, plus considerable R&D operations, contributes to the region's market leadership. The CBRS (citizen's broadband radio service) spectrum is set to be rolled out for private operators and corporations in North American countries due to expanding government initiatives. Individuals are accepting multimedia applications to improve their communication in response to the growing use of smartphones in the United States. Supportive government measures are driving North American market growth. Political leaders are stressing the expansion of existing telecom networks to 5G network access capabilities.

Asia Pacific is expected to grow at the fastest CAGR growth in the IP multimedia subsystem IMS market during the predicted timeframe. Asia Pacific is also a key market for 5G due to its rapidly increasing telecom sector and huge client base. Furthermore, the region is making significant investments in the 5G industry. Growth in various communication technologies, increased penetration of telecommunication services, and more infrastructure investment by communication service providers in APAC economies. The Indian government is proactive in creating opportunities for expansion for telecom companies. In addition to retail, the government of India has announced the 'Digital India' program, under which all sectors, including healthcare, are expected to be connected through the internet.

The IP multimedia subsystem IMS market in Europe is undergoing significant expansion. This is due to increased demand for multimedia services and widespread use of LTE technology. LTE, or Fourth Generation (4G) technology, has emerged as the foundation for high-speed and dependable mobile communication. Its extensive coverage and advanced capabilities make it an ideal IMS framework companion. Users in Europe are entitled to smooth and efficient multimedia communication because of the IMS-LTE synergy. For instance, in February 2023, Virgin Media O2 stated that all O2 mobile users had proceeded to their virtualized Internet Protocol (IP) Multimedia Subsystems (IMS) solution, which includes voice over LTE (VoLTE) and voice over Wi-Fi (VoWiFi).

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the IP multimedia subsystem IMS market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Huawei Technologies Co. Ltd.
• Cisco Systems Inc.
• Amdocs Ltd.
• Samsung Electronics Co., Ltd.
• IBM Corporation
• Hewlett Packard Enterprise Co.
• Nokia Corporation
• Ericsson AB
• Nokia
• ZTE Corporation
• Athonet srl
• Oracle Corporation
• Reliance Industries Ltd.
• NEC Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2024, Ericsson and Canadian telecoms provider Videotron have extended their partnership with a five-year deal, building on their previous connection. This partnership is intended to improve Videotron's Evolved Packet Core (EPC) and IP Multimedia Subsystem (IMS) deployments. It includes software, services, and support, demonstrating both firms' commitment to innovation and improved services for mobile customers across Canada.

• In February 2024, Bluesky, a telecommunications and networking service supplier in the United States territory of American Samoa, and Ericsson declared the launch of Bluesky's new 5G non-standalone (NSA) networks at an event commemorating the mobile operator's 25th anniversary. Bluesky and Ericsson announced their collaboration in 2022, and the modernization project includes the Ericsson Radio System, Cloud Core, Cloud Unified Data Management, IP Multimedia Subsystem (IMS) solutions, and a cloud operational environment for 3G, 4G, and 5G non-standalone connections.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the IP multimedia subsystem IMS market based on the below-mentioned segments: 

Global IP Multimedia Subsystem IMS Market, By Component

• Product
• Services

• Professional Services

• Consulting
• Integration and deployment
• Training and support

• Managed Services

Global IP Multimedia Subsystem IMS Market, By Mobile Operator

• Mobile Operators
• Fixed Operators

Global IP Multimedia Subsystem IMS Market, By End-use Industry

• Consumer
• Enterprise

Global IP Multimedia Subsystem IMS Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa