The evolution of 5G as a result of technological advancement and hence increased demand for network infrastructure is a major factor contributing to the market's growth. The Global IP Multimedia Subsystem (IMS) Market study offers a comprehensive analysis of the market. The research provides an in-depth examination of major segments, trends, drivers, restraints, the competitive landscape, and factors that are important in the market.
The deployment of 5G networks is also acting as a threshold for online services, which may eventually supplant offline movie viewing in theatres. The presence of several large-scale companies has a significant impact on the future growth of such services. As a result of the increased demand for these services, the demand for IP Multimedia subsystems is increasing as well, as it provides lucrative opportunities for the market.
The global IP multimedia subsystem market was accounted for US$ 20,437.7 Mn in terms of value in 2019 and is expected to grow at CAGR of 14.7% for the period 2019-2027.
The increased demand for network technologies such as routers and other high-performance network infrastructure is driving the network infrastructure market. Low Return on Investment (RoI), massive legacy infrastructure, business change, stringent government restrictions, and increased competition from peers and OTT providers are some of the difficulties confronting the telecom sector. Furthermore, telcos are aggressively investing in advanced technology and spectrum allocations to deal with next-generation technologies.
The implementation of 5G networks is also acting as a threshold for online services and this may altogether supersede offline movie viewing in theatres. The presence of several large-scale companies also has a huge impact on the ongoing growth of such services in the near future. Thus, with the increasing demand for these services, the demand for IP Multimedia subsystems is also increasing as it is offering lucrative opportunities for the market.
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