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Media Gateway market to Observe Highest Growth of USD 3.24 Billion with an Excellent CAGR of 2.10% by 2029.
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Data Bridge Market Research analyses the Media Gateway market will exhibit a CAGR of 2.10% for the forecast period of 2022-2029 and would likely to reach an estimated value of 3.24 billion in the end of forecast period of 2022-2029. Data Bridge Market Research report on media gateway market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market's growth.
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Market Overview:
The growing investment in communication technology and rising internet penetration are driving up demand for media gateways. The use of session initiation protocol (SIP) has increased globally, resulting in a significant increase in the IP-based communication market, which has increased demand for media gateway devices. In addition, there is a demand for a high-quality communication network, as well as the benefits of media gateways' modular structure. The global media gateway market is expanding due to the increased flexibility of legacy networks.
Some of the major players operating in the global media gateway market are Audiocodes, Avaya Inc., Ribbon Communications Operating Company, Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Cisco Systems, Inc., ZTE Corporation., Panasonic Corporation, ROHM CO., LTD., Murata Manufacturing Co, Koninklijke Philips N.V., uBeam, HUMAVOX LTD, Powermat, Powercast Corp., Fulton Innovation LLC, TDK Corporation, WiTricity Corporation, Integrated Device Technology, Inc., Texas Instruments Incorporated and Ossia Inc. among others.
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