Global IP Multimedia Subsystem Market: Expected to Grow at a CAGR of 18% from 2023 to 2028, Driven by the Deployment of 5G Networks and the Proliferation of IoT Devices

Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The "Global IP Multimedia Subsystem Market 2024-2028" report has been added to's offering.

The latest market intelligence study on the IP Multimedia Subsystem (IMS) forecasts a significant growth trajectory for the sector, projecting an expansion by USD 42349.88 million within the next five years. This analysis presents a comprehensive view of the market dynamics, sizing up opportunities that will hasten a Compound Annual Growth Rate (CAGR) of 18% during the 2023-2028 period.

The report identifies the aggressive deployment of 5G networks, the escalation in IoT device utilization, and the capability of IMS solutions to substantially decrease capital and operational expenditures as primary catalysts energizing the market. These elements are reshaping the telecommunications landscape, offering fertile ground for innovations in IMS technology.

Segmentation of the IMS market is meticulously broken down into categories such as:

  • Components: Divided into products and services.
  • Applications: Spanning mobile operators and fixed operators.
  • Geographical Landscape: Encompassing Asia-Pacific (APAC), North America, Europe, South America, and the Middle East and Africa.

This analysis also sheds light on the increasing relevance of wireless technologies, which, alongside edge computing advancements and the burgeoning adoption of open-source IMS solutions, is expected to propel market expansion in the subsequent years.

Fulfilling the necessity for a detailed examination of the competition, the report provides an in-depth analysis of numerous leading players in the IMS space. The market intelligence gathered offers a magnifying glass over market positions, enabling vendors to strategize effectively and leverage growth opportunities that lie ahead.

Emerging Trends and Vendor Landscapes:

Alongside a thorough market sizing and forecast, the report outlines the emerging trends in the IMS market. Significant insights into vendor landscapes present an extensive competitive analysis that can aid clients in bolstering their market positioning.

The study employed a strategic combination of primary and secondary research along with an analytical dive into key market parameters like profitability, pricing strategies, market competition, and promotional tactics. The outcome is a well-rounded, reliable source of data stemming from rigorous, extensive research.

Offering a panoramic view of the sector, this analysis is poised to serve as an invaluable tool for companies looking to grasp the full potential of market growth opportunities. The data presented is not only comprehensive but also culled through the synthesis of information from diverse industry experts and key participants.

For industry participants, stakeholders, and observers looking to understand the nuances and trajectories of the IP Multimedia Subsystem market, summary insights and in-depth analyses await in this recent report, now accessible for review and strategizing purposes.

A selection of companies mentioned in this report includes

  • Amdocs Ltd.
  • Athonet Srl
  • Cisco Systems Inc.
  • Enghouse Systems Ltd.
  • Genesys Telecommunications Laboratories Inc.
  • Hewlett Packard Enterprise Co.
  • Huawei Technologies Co. Ltd.
  • Italtel S.p.A.
  • Juniper Networks Inc.
  • Mavenir Systems Inc.
  • Mitel Networks Corp.
  • NEC Corp.
  • Nokia Corp.
  • Oracle Corp.
  • Reliance Industries Ltd.
  • Ribbon Communications Inc.
  • Samsung Electronics Co. Ltd.
  • Telefonaktiebolaget LM Ericsson
  • ZTE Corp.
  • Cirpack

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