Media Gateway Market estimated to be worth 2.19 billion USD by 2023

(IT-NEWSWIRE.COM, December 03, 2021 ) 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", 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.

Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=211654390

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.

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.

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

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

Media Gateway Market estimated to be worth 2.19 billion USD by 2023