IP MULTIMEDIA SUBSYSTEM MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics- Restraints

1. Issues regarding security threats are expected to hamper the global IP multimedia subsystem market growth during the forecast period

The use of the internet increases the risk of cyber-attacks and easy data hacking, thereby posing major threat to internal security systems. As a result of this, many enterprises are reluctant to use internet-based IMS services. These enterprises are expecting authentication into these services, in order to ensure appropriate level of protection with strong multifactor security options. Moreover, a number of IMS providers are providing IMS services without adequate security measures, which is letting cybercriminals access such internet-based services easily and get access to highly confidential information. Hence, these factors are expected to hamper growth of the market in the near future.

2. Slow adoption of 3G/4G internet services is expected to hinder the global IP multimedia subsystem market growth over the forecast period

3G and 4G internet services are being adopted at a slow rate due to high cost of spectrum, lack of supporting infrastructure, and technical issues, especially in emerging regions such as Africa and Latin America. As a result of this, there is low adoption of internet-based multimedia systems. Furthermore, in emerging regions such as MEA and Asia Pacific, network operators are not deploying IMS services due to lack of finance, high-cost spectrum, slow network connectivity, and low subscriber base. Hence, these factors are expected to hinder the global IP multimedia subsystem market growth over the forecast period.

Market Opportunities

1. Increasing demand for wireless devices can present major business opportunities

Rising adoption of wireless devices such as laptops, IP Multimedia Subsystems, and smartphones among individuals and enterprises is expected to boost the demand for IMS services. Wireless packet-switched or VoIP multimedia components are evolving significantly and features such as spectrum and infrastructure competence and end-to-end service quality have also improved. Advent of IMS within wireless components enables operators to implement real-time based VoIP services as a part of IMS architecture. Moreover, it helps operators get quick notification for fixed mobile conjunction without changing current architecture. IP-based IMS services are gaining significant traction, owing to no roaming issues, no bandwidth limitations, and robust capacity of terminals to drive advanced applications.

2. Increasing adoption of multimedia applications is expected to pose significant growth opportunities

IMS services are allowing devices such as laptops and smartphones to access services through various networks such as broadband, cellular, and Wi-Fi. Furthermore, many individuals are using multimedia applications to enhance their communications. IMS also allows users services such as instant messaging push-to-talk, multimedia conferencing, and other services with maintaining quality of services without increasing cost.