PUBLISHER: The Business Research Company | PRODUCT CODE: 1425629
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425629
Media Gateway Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on media gateway market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for media gateway? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The media gateway market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A media gateway stands as a pivotal device, encompassing entities like IP gateways, circuit switches, or channel banks, specializing in transforming data from one network type to another based on specific requirements. Widely employed across service providers and enterprise applications, these gateways facilitate the conversion of multimedia sessions and voice transmissions.
The primary markets for media gateways revolve around analog and digital technologies. Analog market segments encompass the provision of analog media gateways. These standalone compact appliances facilitate the conversion of voice media between FXO and FXS connections and VoIP connections. Technologies within this domain span wire, wireless, and hybrid configurations. Various industry verticals, including government, banking, financial services, insurance (BFSI), manufacturing, healthcare, telecommunications, transportation, and others, utilize these gateways for diverse communication needs.
The media gateway market research report is one of a series of new reports from The Business Research Company that provides media gateway market statistics, including media gateway industry global market size, regional shares, competitors with a media gateway market share, detailed media gateway market segments, market trends and opportunities, and any further data you may need to thrive in the media gateway industry. This media gateway market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 projected growth in the upcoming period is linked to several factors, including support for multiple protocols, the ability to manage escalating data traffic, integration with IoT (Internet of Things), the implementation of unified communication solutions, and the enhancement of security measures. Key trends expected during this period involve a focus on interoperability and scalability, the integration of AI and automation, initiatives toward building smart cities, the development of global telecommunication infrastructure, and the emergence of edge computing along with edge devices.
The proliferation of data centers is projected to drive growth in the media gateway market. These centers, centralizing an organization's IT operations and equipment, store, process, and distribute data and applications. Within data centers, media gateways serve as core networks, facilitating transformation and interworking between media streams, ensuring seamless data flow from centers to workstations. For example, in May 2021, the US International Trade Commission reported 2,600 data centers in the US, underlining their contribution to the expansion of the media gateway market.
The expansion of internet users is anticipated to fuel growth in the media gateway market. As the global number of internet users surges, there's a heightened demand for efficient communication solutions. Media gateways play a pivotal role in ensuring connectivity and compatibility among diverse communication systems utilized by internet users. For instance, as of October 2022, DataReportal noted 5.07 billion global internet users, representing 63.5% of the world's population, with a consistent growth trend over the past year. Additionally, Livemint reported 692 million active internet users in India in July 2022, signifying substantial market potential for media gateways.
Technological innovation stands as a prominent trend in the media gateway market, with major companies introducing advancements built on 5G technology. For example, in February 2022, ZTE Corporation launched the ZXV10 B960GV1, a 5G-enabled media gateway set-top box offering enhanced video experiences characterized by low latency, high speed, and stability. This innovation leverages 5G technology to ensure uninterrupted, high-quality video streaming.
Key players in the media gateway market prioritize product innovation, exemplified by the development of the 4K Wi-Fi 6 mesh media gateway set-top box. This advanced device combines cutting-edge technology to deliver high-quality media content and robust connectivity. It caters to seamless streaming experiences, supports high-resolution content, and enhances connectivity via Wi-Fi 6 technology. For instance, in September 2022, ZTE Corporation, in collaboration with Amlogic, launched the 4K Wi-Fi 6 mesh media gateway set-top box at the International Broadcasting Convention (IBC 2022) in Amsterdam. This innovation marks a convergence of gateway, router, and STB functionalities, reducing operational costs for operators while providing comprehensive Wi-Fi coverage and enabling an enhanced HD video experience for users.
In November 2021, Cellnex telecom, a telecommunications infrastructure company headquartered in the Netherlands, completed the acquisition of Media Gateway data center for an undisclosed sum. This strategic move underscores Cellnex's dedication to amplifying its footprint in the data center sphere and augmenting its capacity to provide media services, reinforcing its standing within the telecommunications infrastructure industry. The Media Gateway data center, situated in the Netherlands, serves as a neutral colocation and connectivity hub, catering to numerous public and commercial broadcasters alongside other entities in the media and telecom sectors.
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
North America was the largest region in the media gateway market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the media gateway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the media gateway market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The media gateway market consists of sales of fiber optic connections for TDM networks, and Ethernet connections for IP networks. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.