According to Cognitive Market Research, the global Ip Multimedia Subsystem Market size was USD 3715.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 16.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1486.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1114.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 854.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 185.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 74.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.
