Market Research Future published a research report on “IP Multimedia Subsystem Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
According to Market Research Future (MRFR)’s analysis, the global IP multimedia subsystem market is prognosticated to thrive rapidly at a CAGR of 18% during the forecast period 2016 to 2022. The assessment further estimates that the global market is poised to touch a valuation of USD 4 Bn by the end of 2022. IP Multimedia Subsystem (IMS) is an architectural Framework leveraged for the delivery of IP multimedia services. Alternative models have been introduced from time to time for the delivery of voice and other multimedia services. However, these methods lacked standardization which is met by the integration of the IP multimedia subsystem. Thus, it is anticipated witness accelerated rate of adoption and innovation over the next couple of years.
The telecom sector is continually attracting a larger consumer base. The increasing use of data in conjunction with the adoption of the lowest unit cost structure for network services has intensified the need for new revenue sources. This challenge is addressed by IP multimedia subsystems as they offer advantages such as multi-vendor approach, faster time to market, innovative multimedia services, etc. This, in turn, is expected to boost the growth trajectory of the IP Multimedia Subsystem Market in the years to come.
The launch of LTE and VoLTE has revolutionized the growth trends in the telecommunications industry. It acts as a growth catalyst for the IP multimedia subsystem market. Furthermore, the commercialization of 5G networks is anticipated to catalyze the growth pace of the market across the assessment period. Also, the increasing penetration of internet services in developing and underdeveloped nations coupled with rising demand for smartphones is poised to have a favorable impact on the IP multimedia subsystem market’s revenue creation.
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The prominent players in the IP Multimedia Subsystem market are LM Ericsson (Sweden), Oracle (U.S.), Nokia Corporation (Finland), Alcatel-Lucent S.A. (France), IBM Corporation (U.S.), Huawei Technologies Co. Ltd. (China), Brocade Communications Systems, Inc. (U.S.), Cisco Systems, Inc. (U.S.), HP (U.S.), Bradford Networks, Inc. (U.S.), Ascom Holdings AG (Switzerland), Allot Communication (Israel), among others.
By region, the global IP multimedia subsystem market has been segmented into Asia Pacific, North America, Europe and the Rest of the World (RoW). Asia Pacific is, at present, leading the global market owing to the developments witnessed in the telecom sector of the region. The regional market is anticipated to attract massive investments in conjunction with exponential penetration of telecommunication services. It is forecasted to augment the IP multimedia subsystem market in the region in the years to come. North America and Europe are also presumed to exhibit positive growth across the review period.
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