Pune, India -- (SBWIRE) -- 10/08/2018 -- Market Highlights
In this rapidly changing environment, companies are expanding their scale of operations by advancing the existing technologies. In the recent years IP Multimedia Subsystem is becoming worldwide. The rising popularity of Rich Communication Services (RCS) and Voice over LTE (VoLTE) has led to an increase in IP multimedia subsystems market.
The growing investments in 4G and explosive sale of smartphones have been the major factors increasing the LTE market which in result is boosting the IP Multimedia Subsystem Market. It has been observed that the demand to modernize the existing networks and the ability to offer converged services is driving the IP multimedia market. The study indicates that many companies are trying to evolve LTE and add new features to the present LTE market. Recently there has been news about Telefonica regarding LTE; they are working on private LTE technology based on mobile edge computing (MEC). Also LM Ericsson is been signing deals with many companies to implement, deploy and evolve LTE. All these factors are boosting the IP multimedia systems market.
The IP Multimedia Subsystem Market is growing rapidly over 18% of CAGR and is expected to reach at USD ~4 billion by the end of forecast period.
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Key Players
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.
IP Multimedia Subsystem Market Global Market - Segmentation
- Segmentation by Functions: Call Session Control Function (CSCF), Home Subscriber Server (HSS), Signaling Gateway (SGW), Media Gateway Control Function (MGCF), and Media Resource Functions (MRF)
- Segmentation by Access Network: Fixed Access, Mobile Access, and Wireless Access
- Segmentation by Services: Web, Messaging, Voice, Video, VoLTE, Rich Communication Services (RCS), and Others
- Segmentation by Applications: Mobile Phones, Personal Digital Assistants (PDAS), Desktops/Laptops, Digital Subscriber Line (DSL), and Cable Set-Top Box.
- Segmentation by Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
IP Multimedia Subsystem Market Global Market - Regional Analysis
Asia Pacific is expected to dominate the global IP Multimedia Subsystem market with the largest market share in the region. Countries such as India, China, Japan, and Taiwan are the leading countries in the region. This is attributed to increase in growing number of telecom service providers and surging demand high frequency bandwidth among SMB enterprises are expected to drive the demand for the IP multimedia subsystem. North America and European region is presumed to have a gradual growth of the market. Owing to enhanced technological advancement which made them early adopters of the IP Multimedia sub system.
Industry News
February 2017, Ericsson has been selected by Spark New Zealand to offer fully digital voice network technology. The advanced IP Multimedia Subsystem (IMS) solution would transform the Sparks core networks together into an advanced and unified platform, which would provide more variety, consistency and scalability
September 2016, Cablenet based in Cyprus and is one of the leading of triple play services and broadband provider has selected Oracle Communications to transform future-proof IMS network of Oracle Unified Session Manager (OCUSM) which would provide 3GPP IMS functions and consolidate in a single solution. Additionally, Oracle Communications Evolved Communications Application Server (OCECAS) which would streamlines the application lifecycle management and facilitate carrier-grade performance.
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Intended Audience
- Technology investors
- Key market innovators
- Venture capitalists
- Private equity groups
- Telecom service providers
- Internet service providers
- IMS providers
- Research/Consultancy firms
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