Dublin, Feb. 07, 2019 (GLOBE NEWSWIRE) -- The "IP Multimedia Subsystem (IMS) Market by Component (Product and Service (Professional and Managed Service)), Telecom Operator (Mobile and Fixed Operators), and Region (North America, Europe, APAC, MEA, and Latin America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global IP Multimedia Subsystem (IMS) market size is estimated to grow from USD 1.79 billion in 2018 to USD 3.71 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.7% during the forecast period.
The IMS market is in the growing phase and expected to grow at a moderate pace across the globe. Low Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), increasing number of Long-Term
Evolution (LTE) mobile subscribers across the globe, and the growth of the network infrastructure are expected to drive the market growth. However, security concerns in virtualization, lack of availability of skilled workforce, and unwillingness of telecom operators to transit from the legacy infrastructures to a virtual environment may hamper the growth of the market, but for a specific period.
The mobile operator segment is expected to hold the larger market share during the forecast period.
Among telecom operators, the mobile operators segment is expected to hold the largest market share during forecast period. Mobile operators have been facing several challenges, such as updating the legacy systems to meet the current demands for end-customers, intense competition, high CAPEX and OPEX, and low Return on Investment (RoI). Hence, they are in the process of seeking scalable and cost-effective solutions. All these factors are expected to be the key reason for the rapid adoption of IMS solutions and services by telecom operators.
Asia Pacific is expected to grow at the highest CAGR during the forecast period.
APAC is expected to grow at the highest growth rate during the forecast period. The majority of the mobile and fixed operators in the APAC region are still using traditional IMS solutions. However, this trend is expected to change while operators would eventually shift toward virtualized and cloud-based solutions. Hence, the demand for IMS market would be huge in this region.
Market Dynamics
Drivers
- Increasing Network Infrastructure All Over the World
- Reduced Capex and Opex
Restraints
- Reluctance in Transiting From the Legacy Infrastructure to A Virtualized Infrastructure
Opportunities
- Huge Opportunity for Network Operators in Volte and Vowifi Spaces
- Emergence of 5g
Challenges
- Security Concerns in Virtualization
- Lack of Skilled Workforce
- IP Multimedia Subsystem (IMS) Architecture
The key IMS vendors profiled in the report are as follows:
- Ericsson (Sweden)
- Huawei (China)
- NEC (Japan)
- Nokia (Finland)
- ZTE (China)
- Athonet (Italy)
- Cirpack (France)
- Cisco (US)
- CommVerge Solutions (China)
- Dialogic (US)
- Interop Technologies (US)
- Italtel (Italy)
- Metaswitch (UK)
- Mavenir (US)
- Oracle (US)
- Radisys (US)
- Ribbon Communications (US)
- Samsung (South Korea)
- WIT Software (Portugal)
For more information about this report visit https://www.researchandmarkets.com/research/qbtg37/3_71_bn_ip?w=12
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