(Wireless-NewsWire.Com, June 15, 2020 ) According to market research report "IP Multimedia Subsystem 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", the IP Multimedia Subsystem (IMS) market size is expected 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.
Browse and in-depth TOC on “IP Multimedia Subsystem (IMS) Market”
42 - Tables
40 - Figures
126 – Pages
Low Capital Expenditure (CAPEX) and Operational Expenses (OPEX), increase in the Long-Term Evolution (LTE) mobile subscribers across the globe, and the growth of the network infrastructure are some of the major factors driving the IMS market.
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150935251
North America is expected to account for the largest market size and Asia Pacific to grow at the highest CAGR during the forecast period.
Among all regions, North America is expected to account for the largest market size during the forecast period, followed by Europe. North America is the house of big telecom giants. Mobile operators are rolling out new use cases, such as Rich Communication Services (RCS), Private LTE and wireless broadband using their networks. The US government has planned to roll out the Citizens Broadband Radio Service (CBRS) band for private operators and enterprises, in 2018, which would act as a catalyst for the growth of the IMS market. Hence, North America is expected to account for the largest market share in the global IMS market during the forecast period.
The APAC region is expected to register strong growth in the coming years, as 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, as operators would eventually shift toward virtualized and cloud-based solutions.
Services segment is expected to be the faster-growing segment during the forecast period.
Among components, the services segment is expected to hold the larger market share during the forecast period. The overall services segment has a major influence on the IMS market’s growth. IMS services assist enterprises in reducing costs, lowering operational costs, increasing the overall revenues, and improving the business performance.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=150935251
Mobile operator segment is expected to be a faster-growing segment during the forecast period.
Under the telecom operators, the mobile operator’s segment is expected to hold the larger market share and projected to grow a higher CAGR during the forecast period. Mobile operators face 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, telecom operators seek scalable and cost-effective solutions. This is expected to be the key reason for the rapid adoption of IMS solutions and services by telecom operators.
The key and emerging vendors in the IMS market include 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), and WIT Software (Portugal).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Content Source: https://www.marketsandmarkets.com/PressReleases/ip-multimedia-subsystem.asp
Mr. Aashish Mehra