IP multimedia subsystem market size to grow by USD 42.35 billion from 2023 to 2028; Rollout of 5G networks to boost market growth- Technavio
NEW YORK, Nov. 7, 2023 /PRNewswire/ -- The IP Multimedia Subsystem Market by component (product and services), application (mobile operators and fixed operators), and geography (APAC, North America, Europe, South America, and Middle East and Africa) - Forecast and Analysis 2024-2028" report has been added to Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the IP multimedia subsystem market between 2024 and 2028 is USD 42.35 billion.
One of the key factors driving the IP multimedia subsystem market growth is the rollout of 5G networks. The development of 5G has been actively supported by a number of governments and manufacturers. In the 5G ecosystem, the IP multimedia subsystem is crucial as it enables the development of advanced multimedia services and ensures low-latency communication. Thus, such factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
Increasing data security and privacy concerns is a challenge that affects market growth. For any company, safety is a major concern. The number of vulnerabilities and network threats facing network components is also increasing due to the development of advanced technologies such as software-defined networking (SDN) and network functions virtualization (NFV). Moreover, security attacks pose a significant threat to mobility service providers because they significantly affect their business activities. Furthermore, hackers and cybercriminals are enhancing their attack methods to expose the vulnerabilities in the network environment. Therefore, such factors are expected to impede the market growth during the forecast period.
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The IP multimedia subsystem market is segmented by component (product and services), application (mobile operators and fixed operators), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
View the Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the ip multimedia subsystem market:
Amdocs Ltd., Athonet Srl, Cisco Systems Inc., Enghouse Systems Ltd., Genesys Telecommunications Laboratories Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Italtel S.p.A., Juniper Networks Inc., Mavenir Systems Inc., Mitel Networks Corp., NEC Corp., Nokia Corp., Oracle Corp., Reliance Industries Ltd., Ribbon Communications Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, ZTE Corp., and Cirpack
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Historic Market Sizes
Five Forces Analysis
Market Segmentation by Component
Market Segmentation by Application
Market Segmentation by Geography
Drivers, Challenges, & Trends
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