New York, United States, Aug. 07, 2024 (GLOBE NEWSWIRE) -- The Global Media Gateway Market Size is to Grow from USD 2.82 Billion in 2023 to USD 3.49 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 2.15% during the projected period.
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A media gateway is a device or service that allows media streams to be translated across many communication technologies, which include private branch exchange (PBX) systems, next-generation networks (2G, 2.5G, and 3G radio access networks), POTS, and SS7. Media gateways use transport protocols including Internet Protocol (IP) and Asynchronous Transfer Mode (ATM) to enable multimedia communications over packet networks. Expanding internet penetration rates and increasing global investment in communication technologies are predicted to fuel the demand for media gateways. Demand for media gateways is predicted to rise as communication technology investments increase and internet penetration grows. The use of session initiation protocol (SIP) trunking is increasing worldwide. This has driven expansion in the IP-based communication sector, driving up demand for media gateway equipment. Furthermore, providing continuous and high-quality audio, video, and data transmission across a wide range of networks and conditions remains a major challenge for the media gateway market.
Browse key industry insights spread across 220 pages with 105 Market data tables and figures & charts from the report on The "Global Media Gateway Market Size, Share, and COVID-19 Impact Analysis, By Type (Analog and Digital), By Technology (Wireline, Wireless, and Hybrid), By Vertical (Telecommunications, BFSI, Government, Healthcare, Manufacturing, Transportation, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033"
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The digital segment accounted for the largest revenue share of the media gateway market during the projected timeframe.
Based on the type, the media gateway market is divided into analog and digital. Among these, the digital segment accounted for the largest revenue share of the media gateway market during the projected timeframe. This is because of the delicate movement of data across the network, minimal latency, and innovative cloud security measures. Because of the growing demand for flexible and efficient solutions for a variety of call-control technologies and secure SIP trunking, digital media gateways are also becoming increasingly prevalent in established voice infrastructures.
The wireless segment is anticipated to grow at the highest CAGR of the media gateway market during the projected timeframe.
Based on the technology, the media gateway market is divided into wireline, wireless, and hybrid. Among these, the wireless segment is anticipated to grow at the highest CAGR of the media gateway market during the projected timeframe. Wireline media gateways are utilized in networks that demand a high level of flexibility and redundancy. Adoption of such media gateways helps to construct secure phone infrastructure and satisfy the demand created by the rapid increase in mobile customers.
The telecommunications segment is projected to hold a significant market share of the media gateway market during the projected timeframe.
Based on the vertical, the media gateway market is divided into telecommunications, BFSI, government, healthcare, manufacturing, transportation, and others. Among these, the telecommunications segment is projected to hold a significant market share of the media gateway market during the projected timeframe. Telecom network providers use the technology involved to network and modify or alter two media streams that follow certain network standards such as codes, communication protocols, and physical connectivity. Client are given the right to portable data and reduced latency due to advances in telecommunications technology.
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North America is expected to hold the largest share of the media gateway market over the forecast period.
North America is expected to hold the largest share of the media gateway market over the forecast period. The development of digital platforms for mobility and accessibility has resulted in a surge in 4G and 5G technologies, such as smartphones, as well as the use of cloud computing. Digital media gateways are expected to grow substantially in North America over the projected period. Streaming media, VoIP, and IPTV, among other digital media services, have served to drive this surge in popularity. The Internet of Things (IoT) is expected to grow, boosting the US media gateway business. Furthermore, increased demand for advanced services and an increase in the number of connected devices are expected to speed up market growth in the next years.
Asia Pacific is predicted to grow at the fastest pace in the media gateway market during the projected timeframe. The Asia-Pacific region anticipates that the market for media gateways would grow positively over time. Cloud-based services are becoming increasingly popular among large, small, and medium-sized businesses seeking to save infrastructure costs and streamline operations. Consumer preferences for cloud-based services are evolving, which will have an impact on market growth. The market's expansion is due to emerging 4G and 5G technologies, such as cloud computing, as well as an increase in smartphone users. Cloud deployment and increased acceptance of digital platforms for portability and accessibility have driven market expansion in this area.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Media Gateway Market are Nokia Corporation, AudioCodes Ltd., Ribbon Communications Operating Company Inc., Avaya Inc., Ericsson, Dialogic, Synway Information Engineering, Mitel Networks, Avaya, ZTE, Cisco Systems, Metaswitch Networks, Huawei, Telefonaktiebolaget LM and Other Key Vendors.
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Recent Developments
- In July 2024, Nokia unveiled the inclusion of a new 5G Fixed Wireless Access outdoor receivers and indoor gateway with Wi-Fi 7 to its growing portfolio of FWA broadband access products. The new solutions, designed to meet the specific needs of the North American region, support a wide range of 4G and 5G bands, including Citizens Broadband Radio Service (CBRS).
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the media gateway market based on the below-mentioned segments:
Global Media Gateway Market, By Type
- Analog
- Digital
Global Media Gateway Market, By Technology
- Wireline
- Wireless
- Hybrid
Global Media Gateway Market, By Vertical
- Telecommunications
- BFSI
- Government
- Healthcare
- Manufacturing
- Transportation
- Others
Global Agriculture Supply Chain Management Market, Regional Analysis
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- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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