IP Multimedia Subsystem (IMS) Market by Component, Telecom Operator, and Region- Global Forecast to 2023

 

According to market research report "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", the IP Multimedia Subsystem (IMS) market size is expected 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.

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Low Capital Expenditure (CAPEX) and Operational Expenses (OPEX), increase in the Long-Term Evolution (LTE) mobile subscribers across the globe, and the growth of the network infrastructure are some of the major factors driving the IMS market.

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North America is expected to account for the largest market size and Asia Pacific to grow at the highest CAGR during the forecast period.

Among all regions, North America is expected to account for the largest market size during the forecast period, followed by Europe. North America is the house of big telecom giants. Mobile operators are rolling out new use cases, such as Rich Communication Services (RCS), Private LTE and wireless broadband using their networks. The US government has planned to roll out the Citizens Broadband Radio Service (CBRS) band for private operators and enterprises, in 2018, which would act as a catalyst for the growth of the IMS market. Hence, North America is expected to account for the largest market share in the global IMS market during the forecast period.

The APAC region is expected to register strong growth in the coming years, as the majority of the mobile and fixed operators in the APAC region are still using traditional IMS solutions. However, this trend is expected to change, as operators would eventually shift toward virtualized and cloud-based solutions.

Services segment is expected to be the faster-growing segment during the forecast period.

Among components, the services segment is expected to hold the larger market share during the forecast period. The overall services segment has a major influence on the IMS market’s growth. IMS services assist enterprises in reducing costs, lowering operational costs, increasing the overall revenues, and improving the business performance.

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Mobile operator segment is expected to be a faster-growing segment during the forecast period.

Under the telecom operators, the mobile operator’s segment is expected to hold the larger market share and projected to grow a higher CAGR during the forecast period. Mobile operators face several challenges, such as updating the legacy systems to meet the current demands for end-customers, intense competition, high CAPEX and OPEX, and low Return on Investment (RoI). Hence, telecom operators seek scalable and cost-effective solutions. This is expected to be the key reason for the rapid adoption of IMS solutions and services by telecom operators.

The key and emerging vendors in the IMS market 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).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Player Tracking Market by Component, Solution, Application, and Region - Global Forecast to 2023

 

According to market research report on "Player Tracking Market by Component, Solution (Wearables, Opticals, Application-Based), End User (Individual Sports, Team Sports), Application (Fitness Tracking, Performance Tracking, Fraud Detection, Player Safety), and Region - Global Forecast to2023",published by MarketsandMarkets™, the Player Tracking Market is expected to grow from USD 2.1 billion in 2018 to USD 7.3 billion by 2023, at a CAGR of 27.8% during the forecast period. An increasing amount of on-field data and growing demand for real-time data access are some of the major factors driving the growth of the Player Tracking Market.

 

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APAC is estimated to grow at the fastest CAGR during the forecast period

 

The APAC economies, such as India, China, Australia, Pakistan, Sri Lanka, and Bangladesh, organize different sports leagues and participate in world sports events featuring cricket, hockey, badminton, athletics, and more. Factors such as continuous growth in internet penetration, cloud technology, and smart devices penetration among various sports organizations in the region are driving the adoption of player tracking solutions. The various sports leagues which have recently started in the region, in the recent past, have increased the adoption of advanced player tracking solutions across sports. These leagues use an extensive technology-based wearable and optical devices to track player performance and behavior on the field. Apart from league associations, team management leverage player tracking systems to track player health metrics, performance, and behavior on and off the field. Coaches analyze the data and try to keep athletes fit throughout the season, reduce the risk of injury, and design the competitive plan for individual players on the field.

 

Government across key economies are emphasizing on improving the performance of athletes playing individual sports on a national and international level. The coaches monitor athletes during the training sessions to provide timely feedback about their health and performance while setting goals for the future. Furthermore, athletes track their performance during the practice session to set predefined goals. Owing to these factors, APAC is expected to witness a healthy growth rate during the forecast period

 

Team sports is estimated to grow at the fastest CAGR during the forecast period

 

In recent years, the team sports segment has witnessed an upward trend in terms of adoption of player tracking solutions. Soccer, hockey, cricket, and basketball are some of the team sports where the use of player tracking solutions is high. From GPS-enabled vests to smart watches, optical to application-based solutions are used by players and referees to track real-time information. Additionally, coaches from different sports are also using player tracking solutions to evaluate defensive and offensive plays as well as an individual player’s performance.

 

Player tracking solutions, such as optical and application-based can also be used to gain intelligence by monitoring competitor’s player performance. The broadcasters use data from optical sports tracking solution to provide exciting stories for viewers with fully virtual replays where the 3D animation recreate player movements. Catapult, STATSports, and ChyronHego are a few companies that offer player tracking solutions in team sports.

 

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Services segment is expected to grow at the fastest CAGR during the forecast period

 

Growing demand for optical solutions among team sports is expected to drive the growth of services in the Player Tracking Market. The number of player tracking solutions that are being used across different sports is rising day-by-day owing to which the demand for services, such as optical tracking and application-based monitoring has also increased in the Player Tracking Market. Most of the solution providers, such as Polar and Catapult are offering various player tracking services for both individual and team sports.

 

Optical segment is expected to grow at the fastest CAGR during the forecast period

 

Optical solutions are installed in large areas, such as training field and stadium to monitor gameplay of all the players on the field/court. These solutions deliver performance statistics of a player through HD cameras, software, and statistical algorithms in real-time. Additionally, these optical solutions produce game videos through installed cameras in stadiums for post-match discussions with players and coach. Some of the key features, such as speed, distance run, stamina, acceleration, and team formations can be monitored through an optical player tracking solutions. The world’s largest sports league, such as Ligue de football professional, Serie A, and Qatar Stars League (QSL) have installed optical player tracking solutions in their stadiums. Organizations such as Stats and ChyronHego are offering optical solutions in the Player Tracking Market.

 

15 major vendors namely Zebra Technologies (US), Catapult Sports (Australia), STATSports (UK), ChyronHego (US), STATS (US), Kinexon (Germany), Polar (Finland), Playgineering (Latvia), Sonda Sports (Poland), JOHAN Sports (Netherlands), Exelio (US), Q-Track (US), Advanced sports analytics (US), Xampion (Finland) and Sports Performance Tracking (Australia) offer player tracking solutions, platforms, and services across the globe.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/player-tracking.asp
Report: https://www.marketsandmarkets.com/Market-Reports/player-tracking-market-213362941.html