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IP Multimedia Subsystem (IMS) Services Market Size (2024 - 2029)

The IP Multimedia Subsystem market is poised for significant growth, driven by the increasing adoption of LTE, VoLTE, and the emergence of 5G technologies. The expansion of multimedia services is a key factor contributing to the market's development. Network management plays a crucial role in this growth, as organizations invest in advanced infrastructure technologies to enhance business operations. The widespread implementation of IMS-based services, particularly in mobile networks, further propels the market. Despite these opportunities, a shortage of skilled network engineers may pose challenges to the market's expansion.

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Market Size of IP Multimedia Subsystem (IMS) Services Industry

IP Multimedia Subsystem (IMS) Services Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 3.14 Billion
Market Size (2029) USD 5.88 Billion
CAGR (2024 - 2029) 13.38 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

IP Multimedia Subsystem (IMS) Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

IP Multimedia Subsystem Market Analysis

The IP Multimedia Subsystem Services Market size is estimated at USD 3.14 billion in 2024, and is expected to reach USD 5.88 billion by 2029, growing at a CAGR of 13.38% during the forecast period (2024-2029).

The increasing popularity of LTE and VoLTE, the emergence of 5G, and the increasing usage of various multimedia services are significant factors that significantly boost the market's growth opportunities.

  • Network Management is a significant factor for any business and thus plays a critical role in business operations. In today's modern digital era, managing the network infrastructure is essential. By investing in various advanced network infrastructure technologies like cloud services, data centers, SDN, NFV, IP networks, fixed wireless broadband networks, enterprise mobility, and network orchestration, organizations are thus opening new opportunities in business systems and streamlining their daily operations.
  • The surge in the Long-Term Evolution (LTE) technology in mobile networks has accelerated the overall implementation of IMS-based services worldwide. The technology has grown significantly across the United States, Europe, and Asia with LTE data as well as HD voice services, driving the market's growth opportunities significantly.
  • Mobile network operators (MNOs) significantly leverage the IP Multimedia Subsystems (IMS) to modernize their existing services. For instance, in February 2023, Mavenir, the network software provider creating the future of networks with cloud-native solutions, and Virgin Media O2 declared the complete migration of O2 mobile customers to its virtualized IMS (IP Multimedia Subsystem) solution offering voice over Wi-Fi (VoWiFi) as well as voice over LTE (VoLTE).
  • However, the lack of experienced and skilled network engineers for using and managing next-generation networking and virtualized solutions can restrict market growth throughout the forecast period.

IP Multimedia Subsystem Industry Segmentation

The IP multimedia subsystem (IMS) is a concept for a totally integrated network of telecommunications carriers that may enhance internet protocol, especially for packet communications in all known forms over landline or wireless. Instant Messaging (IM), VoIP, VoLTE, and VoWiFi are the major services that use the IMS architecture. As all these services use data, the need for session management controllers is expected to emerge soon.

The IP multimedia subsystem (IMS) services market is segmented by service (instant messaging, VoIP, VoLTE, VoWiFi) and geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are provided in terms of value in USD for all the above segments.

By Service
Instant Messaging
VoIP
VoLTE
VoWiFi
Other Services
By Geography***
North America
United States
Canada
Europe
United Kingdom
Germany
France
Asia
China
Japan
India
Australia and New Zealand
Latin America
Mexico
Brazil
Middle East and Africa
United Arab Emirates
South Africa
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IP Multimedia Subsystem (IMS) Services Market Size Summary

The IP Multimedia Subsystem (IMS) market is poised for significant growth, driven by the increasing adoption of LTE, VoLTE, and the emergence of 5G technologies. These advancements are facilitating the integration of multimedia services, which are becoming increasingly popular across various regions, including North America, Europe, and Asia. The deployment of IMS-based services is being accelerated by mobile network operators who are modernizing their offerings to include features like voice over Wi-Fi and voice over LTE. However, the market's expansion is somewhat hindered by a shortage of skilled network engineers capable of managing these next-generation networking solutions. The transition to 5G is expected to further transform the telecommunications landscape, enabling a hyper-connected society and supporting a wide range of applications, from OTT streaming to IoT connectivity.

In the Asia-Pacific region, the IMS market is experiencing rapid growth due to the proliferation of smart technologies and significant investments in 5G infrastructure. Countries like India, China, and South Korea are at the forefront of this expansion, with substantial government and private sector initiatives driving digitalization efforts. The region's large customer base and developing telecom sector make it a key market for IMS services. Major players in the industry are engaging in strategic partnerships and acquisitions to enhance their market presence and profitability. Companies like Mavenir, Ericsson, and Plintron are actively expanding their IMS offerings, leveraging cloud-native solutions and virtualized networks to deliver more efficient and agile services. These developments are expected to significantly contribute to the market's growth trajectory over the forecast period.

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IP Multimedia Subsystem (IMS) Services Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Buyers

      2. 1.2.2 Bargaining Power of Suppliers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of the Impact of COVID-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Service

      1. 2.1.1 Instant Messaging

      2. 2.1.2 VoIP

      3. 2.1.3 VoLTE

      4. 2.1.4 VoWiFi

      5. 2.1.5 Other Services

    2. 2.2 By Geography***

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

      2. 2.2.2 Europe

        1. 2.2.2.1 United Kingdom

        2. 2.2.2.2 Germany

        3. 2.2.2.3 France

      3. 2.2.3 Asia

        1. 2.2.3.1 China

        2. 2.2.3.2 Japan

        3. 2.2.3.3 India

        4. 2.2.3.4 Australia and New Zealand

      4. 2.2.4 Latin America

        1. 2.2.4.1 Mexico

        2. 2.2.4.2 Brazil

      5. 2.2.5 Middle East and Africa

        1. 2.2.5.1 United Arab Emirates

        2. 2.2.5.2 South Africa

IP Multimedia Subsystem (IMS) Services Market Size FAQs

The IP Multimedia Subsystem Services Market size is expected to reach USD 3.14 billion in 2024 and grow at a CAGR of 13.38% to reach USD 5.88 billion by 2029.

In 2024, the IP Multimedia Subsystem Services Market size is expected to reach USD 3.14 billion.

IP Multimedia Subsystem Market Report Snapshots

IP Multimedia Subsystem Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)