IP Multimedia Subsystem Market Size Expected to Reach $7.2 Billion by 2030 – AMR Proprietary Research Report

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IP Multimedia Subsystem Market

Increasing data traffic in global cellular networks and development of global cellular network infrastructure is fueling the global IP multimedia subsystem market.

PORTLAND, PORTLAND, OR, USA, July 12, 2022 /EINPresswire.com/ — The development in the field of telecommunications and the rapid transformation of the telecommunications industry are creating several lucrative opportunities. The global IP Multimedia Subsystem Market generated USD 2.1 Billion in 2020 and is projected to reach USD 7.2 Billion by 2030, growing at a CAGR of 13.5% from 2021 to 2030.

The report segments the global IP Multimedia Subsystem market on the basis of components, operators, and region.

Key players of the global IP Multimedia Subsystems industry analyzed in the research include Athonet srl, Cisco Systems, Inc., NEC Corporation, Cirpack, Ericsson, Huawei Technologies Co., Ltd., Oracle Corporation, Huawei Technologies Co. , Ltd., International Business Machines Corporation, ZTE Corporation and Nokia.

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Based on region, North America contributed the highest share in 2020, holding almost two-fifths of the total share, and is expected to lead during the forecast period. The global IP multimedia subsystem market in Asia-Pacific is expected to grow at the fastest CAGR of 15.5% during the forecast period.

Based on components, the product segment contributed the highest market share in 2020, attributing almost four-fifths of the total market share, and is expected to dominate the market during the forecast period. On the other hand, the services segment is expected to show the fastest CAGR of 14.6% from 2021 to 2030.

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On the basis of operators, the mobile operator segment contributed the highest market share in 2020, attributing more than four quarters of the total market share, and is expected to lead during the forecast period. The segment is expected to show the fastest CAGR of 13.7% from 2021 to 2030. The report also analyzes the fixed operator segment.

COVID-19 scenario:

• The telecommunications sectors were responsible for maintaining business continuity during the pandemic and therefore did not face major challenges. In addition, the pandemic has created a shortage of raw materials and labor.
• The disruption of the global supply chain has forced several players in the telecommunications industry to postpone their expansion.
• During the pandemic period, telecommunications market players operating in sports and related fields suffered significant losses, which negatively affected the global IP Multimedia Subsystem market.

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Key drivers propelling the market growth included in the report. Additionally, the challenges and restraining factors that may restrain the market growth are highlighted by analysts to prepare manufacturers for future challenges in advance.

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