Press release
Media Gateway Market Size, Strategies And Outlook By 2024-2033
Media Gateway Market
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.
Market Overview -
A media gateway is a device, such as an IP gateway, circuit switch, or channel bank, that converts data from one type of network to another as per the requirement. Media gateways are used to convert multimedia sessions and a voice in many service providers and enterprise applications.
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Data Center Expansion Driving Surge In Media Gateway Market Growth
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.
Competitive Landscape -
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
Zte Unveils Cutting-Edge 5G Media Gateway Set-Top Box For Enhanced Video Experiences
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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