IP Multimedia Subsystem (IMS) is a 3rd Generation Partnership Project (3GPP) standardized architecture that helps mobile and fixed operators in delivering Internet Protocol (IP)-based multimedia services, such as Voice over Long-Term Evolution (VoLTE), Voice over Wireless Fidelity (VoWiFi), Rich Communication Services (RCS), and Unified Communications-as-a-Service (UCaaS). MarketsandMarkets expects the IMS market size 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.
The traditional and emerging market players include 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), and WIT Software (Portugal). These players have adopted various strategies, such as partnerships, collaborations, agreements; acquisitions; and new product launches, to achieve growth in the global IMS market.
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Ericsson is one of the leading and established vendors in the IMS market, and over a span of 3 years, it has focused on inorganic growth strategies to strengthen its position in the market. For instance, in February 2018, Ericsson collaborated with Eastlink, a Canadian operator, for becoming its lead core network supplier and providing VoLTE services to Eastlink’s customers. Ericsson’s VoLTE is a pre-integrated Virtualized IMS (vIMS) solution that supports HD communication and other communication services over Wi-Fi and LTE access networks.
Huawei is also one of the leading and established vendors in the IMS market, and have focused on inorganic growth strategies to strengthen its position in the market over the last 3 years. For instance, in October 2017, Huawei collaborated with VIVA Bahrain, a fully owned subsidiary of Saudi Telecommunications Company (STC), to deploy the world's first Advanced Telecommunications Computing Architecture-Network Functions Virtualization (ATCA-NFV) Hybrid Cloud Core Network. This deployment is a foundation step to serve advanced mobile network services technologies. VIVA made a One Cloud core network construction plan that overlays Huawei’s existing unified cloud platform with a cloud-based IMS and EPC networks without disturbing the live network services.
IP Multimedia Subsystem (IMS) Market by Component (Product and Service (Professional and Managed Service)), Telecom Operator (Mobile and Fixed Operators), and Region (North America, Europe, APAC, MEA, and Latin America) - Global Forecast to 2023
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