The growing demand for advanced technology from serviceproviders looking to cut costs by transitioning to next-generation networksthat support video, voice, and data services across various types of networkaccess, such as wireless and wireline, has accelerated the global IPmultimedia subsystem market. Service providers can use the IPmultimedia subsystem to provide a wide range of real-time, tailored commercialand consumer multimedia services over several networks.
One of the primary factors fueling the growth of the IPmultimedia subsystem market is the development of next-generation wirelessnetwork (5G) technology. 5G technology services are projected to becommercialised in China by 2020, according to the Ministry of Industry andInformation Technology. Furthermore, the IP multimedia subsystem markethas been driven internationally by the increasing acceptance of voice overinternet protocol for rich communication such as voice, video, and data.Instead of using analogue telephone networks, voice over IP solutions employinternet protocol networks to send data (voice, video, etc.) in small packets.
In 2018, North America dominated the worldwide IP multimediasubsystem market, and it is likely to continue to do so during the forecastperiod. The United States and Canada are two main countries in this region thatdrive the IP multimedia subsystem industry. North America has a dominatingposition in the global market for IP multimedia subsystem to theexistence of large telecommunications conglomerates and the development ofadvanced communication technologies such as rich communication services andprivate LTE.
During the forecast period, the Asia Pacific IPmultimedia subsystem market is predicted to grow at the fastest rate.India, China, Japan, and Australia are some of the major countries in thisregion that are driving the Market for IP multimedia subsystem. The need for IPmultimedia subsystems in this region has been fuelled by telecommunicationoperators' increased utilisation of cloud platforms for switching analoguenetworks to internet protocol networks.
The purpose of this study is to estimate the market size andpotential of the market for IP multimedia market across many segments, dingcomponent (product and service), telecom operator, and region. The report'smain goals are to provide a detailed analysis of the major factors influencingthe market's growth (drivers, restraints, opportunities, industry-specificchallenges, and recent developments), analyse market opportunities forstakeholders, and provide details of the competitive landscape to marketleaders.
The research methodology used to estimate and forecast the IPMultimedia Subsystem market began with secondary sources such as annualreports, press releases, company investor presentations, white papers,certified publications, and articles from recognised associations andgovernment publishing sources capturing data about key vendors' revenues.D&B Hoovers, Bloomberg Businessweek, and Factiva were among the secondarysources, directories, and databases used in this research. In addition to thesesources, the research team considered studies and releases from industry tradeorganisations, as well as government regulatory bodies.
In order to segment the market, vendor offerings were alsotaken into account. From the revenues of the key market players, the overallmarket size of the global Market for IP Multimedia subsystem was calculatedusing the bottom-up technique.
