IP Multimedia Subsystem Market -Growth Drivers, Opportunities and Forecast Analysis to 2022
Market
Synopsis
As per the analysis by the Market Research Future Reports (MRFR),
the worldwide I.P.
multimedia subsystem market is estimated to
value USD 4 Billion at a CAGR of 18% during the review period from 2016 to
2022. The new revenue sources and cheap cost are the key factors propelling the
global I.P. multimedia subsystem market 2020. The introduction of VOLTE, LTE,
and the need for standard network infrastructure and services are the key
influencers for the I.P. multimedia subsystems market. The I.P. multimedia
subsystem gives an advantage to the organizations by offering a multi-vendor
approach, cheap cost, innovative multimedia services, standardized third-party
interfaces, and others. The various advantages provided by the I.P. multimedia
subsystem has increased its demand. The research shows that the most
challenging hurdle for any telecom service provider is to drive their network
at the lowest unit price and provide additional revenue origin, the I.P.
multimedia subsystems assists in overpowering this hurdle. The advent of 5G in
the market is anticipated to propel the market in the forthcoming period
additionally. The 5G services are expected to be commercialized by 2030, which
creates numerous growth opportunities for the players. However, the I.P.
multimedia subsystems demand high investment, which is likely to create hurdles
in augmenting the market.
The outbreak of COVID-19 has brought a
significant impact on the market mechanism. We will provide COVID-19 impact
analysis with the report.
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Market
Segmentation
The global I.P. multimedia subsystem market can
be segregated on the basis of the access network, functions, services,
application, and region.
Based on the access network, the global I.P.
multimedia subsystem market can be segregated into Fixed Access, Wireless
Access, and Mobile access
Based on functions, the global I.P. multimedia
subsystem market can be segregated into Media Resource Functions (MRF), Call
Session Control Function (CSCF), Media Gateway Control Function (MGCF),, Home
Subscriber Server (HSS), and Signaling Gateway (SGW).
Based on services, the global I.P. multimedia subsystem market can
be segregated into Web, Rich Communication Services (RCS), Messaging, VoLTE,
Voice, Video, and others.
Based on application, the global I.P.
multimedia subsystem market can be segregated into Cable Set-Top Box, Mobile
Phones, Digital Subscriber Line (DSL), Personal Digital Assistants (PDAS), and
Desktops/Laptops.
Based on the region, the global I.P. multimedia
subsystem market can be segregated into Asia-Pacific, North America, Europe,
and the Rest of the World (RoW).
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Regional Analysis
The geographical analysis of Asia-Pacific, Europe, North America,
and the Rest of the World (RoW) has been conducted. As per the analysis by
Market Research Future Reports, the Asia-Pacific region is estimated to
dominate the I.P. multimedia subsystem market due to the innovation in various
communication techniques. Moreover, the expensive infrastructure investment by
communication service providers and the increasing penetration of
telecommunication services has additionally propelled the market. On the other
hand, the I.P. multimedia subsystem market in North American and the European
region displays a steady growth during the review period. The launch of 5G
services is likely to augment the growth of the market during the forecast
period. In addition to that, the well-equipped network infrastructure is
estimated to propel the demand of the I.P. multimedia subsystem market in the
coming period.
Key
Players
The forefront competitors of the global I.P. multimedia
subsystem market are Nokia Corporation (Finland), LM Ericsson (Sweden),
Huawei Technologies Co. Ltd. (China), Oracle (U.S.), IBM Corporation (U.S.),
H.P. (U.S.), Alcatel-Lucent S.A. (France), Cisco Systems, Inc. (U.S.),
Brocade Communications Systems, Inc. (U.S.), Bradford Networks, Inc. (U.S.),
Ascom Holdings AG (Switzerland), and Allot Communication (Israel).
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