The Media Gateway Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/media-gateway-global-market-report
According to The Business Research Company’s Media Gateway Global Market Report 2024, 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.
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.
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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 Vertical
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 report table of contents includes:
1. Executive Summary
2. Media Gateway Market Characteristics
3. Media Gateway Market Trends And Strategies
4. Media Gateway Market – Macro Economic Scenario
5. Global Media Gateway Market Size and Growth
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26. South America Media Gateway Market
27. Brazil Media Gateway Market
28. Middle East Media Gateway Market
29. Africa Media Gateway Market
30. Media Gateway Market Competitive Landscape And Company Profiles
Top Major Players:
- AudioCodes Ltd.
- Avaya Inc
- Cisco Systems Inc
- Dialogic Corporation
- Grandstream Networks Inc
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