Media Gateway Market Worth 2.19 Billion USD by 2023
PUNE, India, June 21, 2018 /PRNewswire/ --
According to the new market research report "Media Gateway Market by Type (Analog and Digital), Technology (Wireline, Wireless, and Hybrid), Vertical (Telecommunications, Government, BFSI, Manufacturing, Healthcare, Transportation), and Geography - Global Forecast to 2023", published by MarketsandMarkets™, this market is expected to reach USD 2.19 billion by 2023 from USD 2.03 billion in 2018, at a CAGR of 1.46% between 2018 and 2023. The need for high-quality communication over disparate networks; the modular structure of media gateways providing high flexibility to legacy networks; session border functionality of integrated media gateways are the factors driving the growth of this market.
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Browse 30 market data Tables and 37 Figures spread through 116 Pages and in-depth TOC on "Media Gateway Market - Global Forecast to 2023"
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Digital media gateways to hold larger market share during forecast period
The digital media gateways connect a VoIP circuit to a PSTN circuit, allowing the use of VoIP despite the network gaps or even when only one of the endpoints is enabled with VoIP. This functionality is provided transparently, and therefore customers are not required to understand or be aware of the topologies over which their communications are facilitated. Hence, the digital media gateways are expected to account for a larger share of the overall media gateway market during the forecast period.
Media gateway based on wireline technology accounted for largest share by 2018
The wireline technology-based media gateways are used to offer high flexibility and redundancy in the networks; the adoption of such media gateways helps establish secured voice infrastructure and address the demand posed by the rapid increase in mobile subscribers. The adoption of VoIP access drives the market for the wireline technology-based media gateways. The media gateways based on wireline technology are expected to account for the largest share of the overall media gateway market by 2018.
Telecommunications to hold largest share of media gateway market during forecast period
The telecommunications sector is expected to dominate the media gateway market, in terms of size, during the forecast period. The growth of the market for the telecommunications sector is attributed to the development of new communication technologies and the increasing use of media gateways in this sector to address the need for secure communications. The media gateways also offer new voice and multimedia services, transform or replace costly legacy switching, and converge disparate mobile as well as fixed networks, and these gateways have been widely deployed by service providers to offer Voice over LTE (VoLTE) and IP multimedia subsystem (IMS) media interworking and transcoding services.
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APAC to hold largest share of media gateway market during forecast period
APAC is likely to continue to lead the media gateway market as it is likely to account for the largest share of the global media gateway market during the forecast period. The rapid increase in new mobile subscribers in developing countries such as China, India, and South Korea raises the need for high-speed and high-quality voice services, along with flexibility and scalability. The integrated media gateways are capable of handling huge mobile IP traffic in these countries. Hence, the penetration of media gateways is considerably high in APAC.
The report profiles the most promising players in the media gateway market. The competitive landscape of the market presents an interesting picture of the strategies adopted by a large number of players. The key players in this industry are Nokia (Finland), AudioCodes (Israel), Avaya (US), Ribbon Communication (US), Ericsson (Sweden), Huawei (China), Cisco Systems (US), Dialogic (US), Synway Information (China), and ZTE (China), among others.
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