The media gateway global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Media Gateway Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The media gateway market size has grown steadily in recent years. It will grow from $2.43 billion in 2023 to $2.48 billion in 2024 at a compound annual growth rate (CAGR) of 2.3%. The growth in the historic period can be attributed to volte (voice over lte) deployment, focus on cost optimization, cloud-based communication services, rise of voip services, integration of multimedia services.
The media gateway market size is expected to see steady growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 2.7%. The growth in the forecast period can be attributed to multi-protocol support, increasing data traffic handling, iot integration, unified communication solutions, enhanced security measures. Major trends in the forecast period include interoperability and scalability, ai and automation integration, smart city initiatives, global telecommunication infrastructure development, edge computing and edge devices.
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Scope Of Media Gateway Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Media Gateway Market Overview
Market Drivers –
The growing number of data centers is expected to propel the growth of the media gateway market going forward. A data center refers to a facility that centralizes an organizations shared IT operations and equipment to store, process, and disseminate data and applications in the organization. A media gateway is a device used as a core network in data centers to provide transformation and interworking between media streams. These help in the free flow of data from data centers to workstations. For instance, according to the United States International Trade Commission, a US-based federal government agency, there were 2,600 data centres in the US as of May 2021. Therefore, the increase in the number of data centers is contributing to the growth of the media gateway market.
Market Trends –
Technological innovation is a key trend in the media gateway market. Major companies in the market are introducing new technologies that work on 5G technology to sustain their position in the market. For instance, in February 2022, ZTE Corporation, a China-based technology company launched ZXV10 B960GV1, a new-generation 5G media gateway set-top box. That is fit for the Android TV. This STB offers new video experiences with low latency, high speed, and high stability. The 5G technology helps to get good quality videos without buffering.
The media gateway market covered in this report is segmented –
1) By Type: Analog, Digital
2) By Technology: Wired, Wireless, Hybrid
3) By Vertical: Government, Banking, Financial Services, and Insurance (BFSI), Manufacturing, Healthcare, Telecommunications, Transportation, Other Verticals
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Regional Insights –
North America was the largest region in the media gateway market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the media gateway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the media gateway market report are AudioCodes Ltd., Avaya Inc., Cisco Systems Inc., Dialogic Corporation, Grandstream Networks Inc., Nokia Corporation, Ribbon Communications Operating Company Inc., ZTE Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Patton Electronics Co., Sangoma Technologies Corporation, Synway Information Engineering Co. Ltd., Telcobridges Inc., Yeastar Information Technology Co. Ltd., Dinstar Technologies Co. Ltd., OpenVox Communication Co. Ltd., Vega Global, Welltech Telecom, Matrix Comsec Pvt Ltd., Mitel Networks Corporation, NEC Corporation, Panasonic Corporation, Polycom Inc., Samsung Electronics Co. Ltd., ShoreTel Inc., Toshiba Corporation, Unify Inc., Vodafone Group plc, West Corporation
Table of Contents
1. Executive Summary
2. Media Gateway Market Report Structure
3. Media Gateway Market Trends And Strategies
4. Media Gateway Market – Macro Economic Scenario
5. Media Gateway Market Size And Growth
…..
27. Media Gateway Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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