The media
gateway market is expected to reach USD 2.19 billion by 2023, at a CAGR of 1.46%
between 2018 and 2023. This market has been segmented on the basis of type,
technology, vertical, and geography.
The media gateway
market is dominated by established players. Partnerships, collaborations,
acquisitions, product launches and developments, and agreements are some of the
major strategies adopted by market players to grow in the media gateway market,
and to expand their global presence and increase their market shares.
Nokia Networks is
one of the major players in this market. The company offers a wide range of
networking solutions, which allows it to serve many enterprises in the
financial, healthcare, consumer, and industrial sectors for the business-critical
applications. These solutions are also widely deployed in the government, oil
and gas, transportation, and utility sectors for the mission-critical
applications. Moreover, many leading service providers and network operators
deploy its solutions to provide enhanced-quality services. The company also
focuses on its inorganic growth by acquiring other companies or partnering with
others competitors in the market, which has helped it gain a wide customer base
all over the world. The new Wi-Fi
solutions expand the portfolio of Nokia with meshed Wi-Fi gateways and beacons
along with enabling the company to deliver a new Wi-Fi Home Portal for service
providers, introduce a mobile application for users, and provide new software
functions and analytics tools to improve network intelligence.
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Ericsson
focuses on the strategic growth of growth of its business by strengthening its
offerings through mergers and acquisitions. The company ensures cost-efficiency
by implementing efficient pooling in the network to share and utilize the
network resources in the best possible way. This cost-efficiency is directly
attributed to the MGw pooling enabled by IP transport. M-MGw supports IP
transport on all interfaces enabling the best possible end-to-end HD voice
quality and bandwidth utilization. The company focusses on product launches and
developments to combine all media plane solutions needed by mobile switching
system and IP multimedia subsystem (IMS), in a single product that enables
media gateways to be compatible with VoLTE and IMS.
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