Global IP Multimedia Subsystem (IMS) Services Market 2019-2024 – The Emergence of 5G Offers Potential Opportunities – ResearchAndMarkets.com

DUBLIN–()–The “Global
IP Multimedia Subsystem (IMS) Services Market 2019-2024 – The Emergence
of 5G Offers Potential Opportunities”
report has been added to ResearchAndMarkets.com’s
offering.

The IP Multimedia Subsystem (IMS) Services Market is expected to
register a CAGR of 16.5% during the forecast period of (2019-2024). With
the Internet of Things (IoT) and Cloud Computing being the future of the
internet, the IP multimedia subsystem communication platform is the most
suitable fabric for integrating IoT and Cloud.

  • Further with the increasing demand for VoLTE and LTE services along
    with the demand for the global standard for network infrastructure and
    services are the drivers for this market.
  • The demand for music and video-on-demand services has also increased,
    owing to the changes in customer preferences, improved internet speed,
    and the proliferation of smartphones.
  • For instance, in March 2019 – Mobily Saudi Arabia deployed Ericsson’s
    full stack telecom cloud solution, focusing on transforming its
    wireless network and providing a 5G Cloud Core.
  • However, security concerns in virtualization, lack of availability of
    a skilled workforce, may hamper the growth of the market, but for a
    specific period.

Key Market Trends

Emergence of 5G Offers Potential Opportunities

  • 5G technology is expected to fundamentally transform the role that
    telecommunications technology is playing in society. Further, it will
    enable pervasive digitalization of a hyper-connected society, where
    not only are all people connected to the network whenever needed, but
    also many other devices/things virtually creating the society with
    everything connected.
  • 5G development requires more spectrum resources, especially
    low-frequency resources with good penetrating capabilities. IMS
    deployment has entered the fast lane. According to statistics of GSMA,
    138 carriers around the world had launched IMS-based VoLTE networks by
    May 2018.
  • For operators to retain the voice and messaging business and stay
    relevant to their customers they have the opportunity to provide
    innovative, cost-efficient and interoperable communication services.
    And thus, IMS provides one common system for all IP-based
    communication services, for both consumers and business users.
  • Further, 5G will enable new use cases such as in smart cities, smart
    agriculture, logistics, and public safety agencies. Thus the growth of
    5G will offer a huge opportunity for IP multimedia subsystem (IMS)
    services market to blossom.

Asia-Pacific to Register Highest Growth Rate

  • The Asia-Pacific region is the fastest-growing economic region in the
    world. The region is witnessing the rapid proliferation of smart
    technologies, such as smart cities, autonomous vehicles, IoT
    applications, home automation, industrial automation, intelligent
    processing technologies, and others such factors are expected to drive
    market growth.
  • Moreover, India is the world’s second largest telecommunications
    market, with 1,206.22 million subscribers as of March 2018. Further,
    IBEF forecasted that the number of internet subscribers in the country
    is expected to double by 2021 to 829 million and overall IP traffic is
    expected to grow four-fold at a CAGR of 30 percent by 2021.
  • In addition, the government of India is proactive in providing room
    for growth for telecom companies. For instance, the government of
    India has introduced the ‘Digital India’ program under which all the
    sectors such as healthcare, retail, etc. will be connected through the
    internet. In the result of such initiative, the IP multimedia
    subsystem (IMS) services market is expected to grow at the highest
    rate in the Asia-Pacific region.

Competitive Landscape

The IP multimedia subsystem (IMS) services market is highly competitive
because of the presence of many major players. The competition in the
market studied has reached interesting levels, with the involvement of
leading technology giants, such as Huawei, Ericsson, and Alcatel-Lucent,
leading the race to dominate the market space. Key players in this
market are catering the demand by collaborating, product innovations and
acquiring with small players and investing in technologically advanced
product portfolio across the globe.

  • March 2019 – Ericsson, Volvo Construction Equipment (CE), and Telia
    teamed up to operate Sweden’s first 5G network for industrial use,
    placing Volvo CE among the early global pioneers, in order to test
    remote-controlled machines and autonomous solutions with the
    technology.
  • February 2019 – Ericsson and Telefonica, penned a new four-to-six-year
    managed services deal for AI-powered Network Operations in the United
    Kingdom, Colombia, Peru, Ecuador, and Uruguay. Ericsson is expected to
    provide services spanning day-to-day monitoring and service desk,
    change management, and problem and incident management – all powered
    by its leading AI and automation solutions.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Increasing Popularity of Lte And Volte and Emergence of 5G

4.3.2 Increasing Use of Multimedia Services

4.4 Market Restraints

4.4.1 Lack of Skilled Workforce

4.5 Value Chain / Supply Chain Analysis

4.6 Industry Attractiveness – Porter’s Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Service

5.1.1 Instant Messaging

5.1.2 VoIP

5.1.3 VoLTE

5.1.4 VoWiFi

5.1.5 Other Services

5.2 Geography

5.2.1 North America

5.2.2 Europe

5.2.3 Asia-Pacific

5.2.4 Latin America

5.2.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Samsung Networks

6.1.2 Cisco Systems Inc.

6.1.3 CommVerge Solutions

6.1.4 Ericsson AB

6.1.5 Huawei Technologies Co. Ltd.

6.1.6 IBM Corporation

6.1.7 Nokia Corporation

6.1.8 Oracle Corporation

6.1.9 Ribbon Communications

6.1.10 ZTE Corporation

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/vs6zbz

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