The media
gateway market is expected to reach USD 2.19 billion by 2023 from USD 2.03
billion in 2018, at a CAGR of 1.46% during the forecast period. Major factors
driving the growth of the market include the need for high-quality
communication over disparate networks; the modular structure of media gateways
providing high flexibility to legacy networks; and session border functionality
of integrated media gateways.
Digital
media gateways hold a larger share of the overall media gateway market. These
gateways convert media streams in the form of digital data telecommunications
for aiding voice, video, and fax services, among others, between dissimilar
interfaces using different technologies. With the increase in the need for
flexible and efficient solutions for a wide variety of call-control protocols
and secure SIP trunking in an established voice infrastructure, the demand for
digital media gateways is also increasing.
The
media gateway market for hybrid technology-based gateways is expected to
grow at the highest CAGR during the forecast period. The hybrid
technology-based media gateways include both wireline and wireless technologies
to serve both functionalities through a single device. At present, the media
gateway manufacturers are offering these gateways to allow the end users to
integrate them with the existing wired infrastructure and wireless or
next-generation networks.
The
market for the others verticals, including hospitality, media and
entertainment, education, and retail, is expected to grow at the highest CAGR
between 2018 and 2023. The factors driving the media gateway market for this
segment include the growing need for media transcoding for next-generation
networks, HD voice transcoding for high-quality communications over disparate
networks, and need for flexible and low-cost transcoding devices in these
verticals.
APAC is projected to account for the largest
share of the global media gateway market by 2023. The countries such as Japan,
India, Australia, Singapore, and China are highly dependent on the Internet and
telecommunication services. The adoption of these services allows the companies
to concentrate on their core business objectives. The emerging markets in this
region are expected to be the largest contributors to the massive long-term
growth of media gateways in the future despite the IP telephony currently being
one of the effective options for connectivity in some developing countries
across this region.
Dominant players in the media gateway market
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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