IP Multimedia Subsystems Market To Reach $ 7.2 Billion By 2030: Allied Market Research

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North America is expected to account for the largest IP multimedia subsystem market share throughout the forecast period. The increase in data traffic in cellular networks and the focus on improving cellular network infrastructure is driving the global IP multimedia subsystem market. In addition, the development in the field of telecommunications and the rapid transformation within the industry will create lucrative opportunities.

Portland, OR, December 15, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the IP Multimedia Subsystems Market generated $ 2.1 billion in 2020 and is expected to reach $ 7.2 billion by 2030, with a CAGR of 13.5% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimates and major players.

The increase in data traffic in global cellular networks and the development of global cellular network infrastructure are fueling the global IP multimedia subsystem market. On the other hand, longer deployment time for telecommunication infrastructure, high cost of installation and maintenance of telecommunication equipment hamper the market. On the contrary, the development in the field of telecommunications and the rapid transformation of the telecommunications industry create several lucrative opportunities.

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COVID-19 Scenario:

  • The telecommunications sectors were responsible for maintaining business continuity during the pandemic and therefore did not face any 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 industry market players operating in sports and related fields suffered significant losses, which has negatively impacted the global IP Multimedia Subsystems market.

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The report segments the global IP multimedia subsystems market on the basis of component, operators, and region.

On the basis of components, the product segment contributed the highest market share in 2020, attributing nearly 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 post the fastest CAGR of 14.6% between 2021 and 2030.

On an operator basis, 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 dominate during the forecast period. The segment is expected to post the fastest CAGR of 13.7% from 2021 to 2030. The report also analyzes the Fixed Operator segment.

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

Key players in the world IP Multimedia Subsystem 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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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization towards providing high quality data and information. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.

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