According to the research report published by Market Research Future (MRFR), “Media Gateway Market Information Deployment Mode, By Type, By Technology, By End User, By Region –Market Forecast Till 2032”. The global media gateway market is poised to grow from USD 2.9 BN in 2022 to USD 3.55 BN by 2032, expanding at a 2.30% CAGR throughout the review period (2020-2030).
Market Synopsis:
The media gateway market has grown steadily over
the past few years due to the growing need for integrated communication
networks.
Media gateway plays a significant role in today's
digital world. In telecommunications, the media gateway is a crucial component,
enabling seamless communication across various networks and bridging different
types of digital media. Media gateways facilitate communication between
networks, such as a traditional telephone network and an Internet Protocol (IP)
network.
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Market Competitive Landscape:
Leading media gateway market players are,
- ZTE
Corporation., Systems, Inc.
- Panasonic
Corporation
- Murata
Manufacturing Co.
- ROHM
Co., Ltd.
- uBeam
- Koninklijke
Philips N.V.
- HUMAVOX
Ltd.
- Powercast
Corp.
- Powermat
- Fulton
Innovation LLC
- WiTricity
Corporation
- TDK
Corporation
- Integrated
Device Technology, Inc.
- Ossia
Inc., Texas Instruments Incorporated
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To do so, they convert different data types, such
as audio and video, into a suitable transmission over a network format. This
interoperability allows for a more integrated and efficient communication
system. In addition to interoperability, the ability to streamline
communication by eliminating the need for multiple devices & networks is
another significant benefit of media gateways.
Converting data into a transmitted over a network
format not only simplifies the communication process but also eliminates the
need for multiple devices & networks and reduces the maintenance cost of
multiple networks. Moreover, media gateways can support various communication
protocols, enhancing flexibility and adaptability to various network
environments.
This adaptability is highly beneficial,
particularly in today's rapidly evolving digital landscape, with constantly
emerging communication technologies. Media gateways also offer scalability,
which is imperative in growing businesses seeking to meet their expanding
communication needs. The improved scalability helps businesses ensure effective
communication continuity.
VoIP media gateway is a highly reliable solution
for telecom service providers, interconnecting legacy TDM and modern VoIP
networks. Therefore, distributed service providers adopt them to meet their
goals of expanding or modernizing networks cost-effectively. With the rapid
switch to IP-based networks, unified communications, and VoIP, the
implementation of improved communication networks is increasing. Also, the
demand for network interoperability is rising, substantiating the media gateway
market size.
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Market Segments:
The media gateway market forecast is segmented into
types, technologies, end-users, and regions. The type segment is sub-segmented
into analog and digital. The technology segment is sub-segmented
into wireline, wireless, and hybrid. The end user segment is
sub-segmented into telecommunications, manufacturing, government,
banking, financial services, insurance (BFSI), healthcare, transportation, and
others. By regions, the media gateway market is segmented into the Americas,
Asia-Pacific, Europe, MEA, and the rest of the world.
Regional Analysis:
North America dominates the global media gateway
market, witnessing the broad use of IP-based communication systems. Besides,
the presence of highly developed telecommunications infrastructure and
significant market players boosts the media gateway market size. The rapid
adoption of cloud and mobile applications in BFSI, healthcare, wearable,
consumer electronics, and other sectors pushes regional market growth. With the
evolving IP security space in the country, the US accounts for the largest
media gateway market share.
Europe stands second in the global media gateway
market due to the increasing adoption of cutting-edge communication technologies.
Moreover, digital transformation initiatives and the necessity for effective
& secure communication networks substantiate the media gateway market
revenues. Germany holds the largest, while the UK holds the second-largest
European media gateway market share. Also, the growing adoption of cloud-based
services and gateway solutions in government establishments fosters regional
market growth.
Asia-Pacific is growing rapidly, headed by rapid
economic expansion and investments in telecommunications infrastructure.
Additionally, the vast adoption of cutting-edge communication technology and
media gateway in increasing numbers of enterprises to enhance network
communication structure escalates the media gateway market value. Also,
increasing improvements in IoT network structure and communication
technologies, alongside the rising demand for media gateway solutions from the
BFSI, healthcare, and telecom industries, support the regional market
growth.
Competitive Analysis:
The highly competitive media gateway market appears
fragmented with the presence of several well-established players. Leading
providers look for partners with complementary strengths and can allow
integrated products for their embedded sensor technologies that can be used in
multiple market verticals. To gain a larger competitive advantage, industry
players initiate strategic approaches, such as mergers & acquisitions,
collaborations, expansion, and product/ technology launches.
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For instance, on July 24, 2023, TelcoBridges, a
leading designer & manufacturer of carrier-grade VoIP gateways, announced
the successful completion of media gateway certification of interoperability
testing by Metaswitch, a Microsoft company. This certification confirms that
TelcoBridges Tmedia gateway versions are now fully interoperable with the
widely deployed MetaSphere Call Feature Server (CFS). TelcoBridges now offers
Tmedia for Metaswitch Networks as a software option/upgrade for existing and
new Tmedia products.
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