The Business Research Company’s report on the Media Gateway Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the media gateway market’s growth in recent years?
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 organization 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, in February 2022, according to the Korea Data Center Council (KDCC), a Korea-based organization that is dedicated to promoting the development of the data center industry in Korea, the overall capacity of colocation data centers information technology (IT) load reached 430 MW, accounting for 11% of the total APAC IT load. Following Savills Korea projections, the total commercial data center IT load in Korea is expected to expand by 700 MW between 2021 and 2023, accounting for 15% of overall Asia-Pacific capacity. Thus, the growing number of data centers is driving the growth of the media gateway market.
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How does the future projection of the media gateway market size compare to its historical growth?
The media gateway market size has grown steadily in recent years. It will grow from $2.47 billion in 2024 to $2.53 billion in 2025 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 VIOP 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 $2.87 billion in 2029 at a compound annual growth rate (CAGR) of 3.2%. 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.
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Which key players are shaping the future of the media gateway market?
Major companies operating in the media gateway market 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
What trends will propel the growth and evolution of the media gateway market?
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.
Which regions are expected to become dominant players in the media gateway market?
North America was the largest region in the media gateway market in 2024. 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.
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What are the emerging key segments in the media gateway market, and how are they evolving?
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
Subsegments:
1) By Analog: Analog Voice Gateways, Analog Telephony Adapters, FXS Or FXO Gateways
2) By Digital: Digital Voice Gateways, ISDN Gateways, VoIP Gateways
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How is the media gateway market defined, and what are its core characteristics?
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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