(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Feb 24, 2021, 12:05 /Comserve / -- The key IMS vendors profiled in the report are as follows: Ericsson (Sweden), Huawei (China), NEC (Japan), Nokia (Finland), ZTE (China), Athonet (Italy), Cirpack (France), Cisco (US), CommVerge Solutions (China), Dialogic (US), Interop Technologies (US)
The increasing need by telecom operators to reduce their CAPEX and OPEX is driving the growth of the IMS market.
The global IP Multimedia Subsystem (IMS) market size is estimated 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.
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The key IMS vendors profiled in the report are as follows:
- 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)
- WIT Software (Portugal)
The IMS market is in the growing phase and expected to grow at a moderate pace across the globe. Low Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), increasing number of Long-Term Evolution (LTE) mobile subscribers across the globe, and the growth of the network infrastructure are expected to drive the market growth. However, security concerns in virtualization, lack of availability of skilled workforce, and unwillingness of telecom operators to transit from the legacy infrastructures to a virtual environment may hamper the growth of the market, but for a specific period.
The mobile operator segment is expected to hold the larger market share during the forecast period.
Among telecom operators, the mobile operators segment is expected to hold the largest market share during forecast period. Mobile operators have been facing 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, they are in the process of seeking scalable and cost-effective solutions. All these factors are expected to be the key reason for the rapid adoption of IMS solutions and services by telecom operators.
Asia Pacific is expected to grow at the highest CAGR during the forecast period.
APAC is expected to grow at the highest growth rate during the forecast period. 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 while operators would eventually shift toward virtualized and cloud-based solutions. Hence, the demand for IMS market would be huge in this region.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the IMS market.
The breakup of the profiles of primary participants is given below:
- By Company: Tier 1 25%, Tier 2 35%, and Tier 3 40%
- By Designation: C-Level 45%, Director Level 51%, and Others 4%
- By Region: North America 39%, Europe 25%, APAC 30%, and Rest of the World (RoW) 6%
Research Coverage
The IMS market has been segmented by component (product and service), telecom operator, and region. A detailed analysis of the key industry players has been done to provide insights into their business overview; services; key strategies; new service launches; partnerships, agreements, and collaborations; expansions; and competitive landscape associated with the global IMS market.
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Reasons to Buy the Report
The report would help market leaders/new entrants in the following ways:
- The report segments the IMS market comprehensively and provides the closest approximations to the revenue numbers for the overall market and subsegments across different regions.
- The report is expected to help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities.
- The report is expected to help stakeholders understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes competitor ecosystem, new services developments, partnerships, and acquisitions.
TABLE OF CONTENTS
1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 14
1.4 YEARS CONSIDERED FOR THE STUDY 15
1.5 CURRENCY 16
1.6 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.2 PRIMARY DATA 18
2.1.2.1 Breakdown of primaries 19
2.1.2.2 Key industry insights 19
2.2 MARKET SIZE ESTIMATION 21
2.2.1 BOTTOM-UP APPROACH 21
2.2.2 TOP-DOWN APPROACH 22
2.3 RESEARCH ASSUMPTIONS 23
2.4 LIMITATIONS 23
3 EXECUTIVE SUMMARY 24
4 PREMIUM INSIGHTS 28
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE IP MULTIMEDIA SUBSYSTEM (IMS) MARKET 28
4.2 IP MULTIMEDIA SUBSYSTEM (IMS) MARKET, BY SERVICE, 20182023 29
4.3 MARKET INVESTMENT SCENARIO 29
5 MARKET OVERVIEW 30
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