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Global Media Gateway Market – by Type, Technology, Vertical, Enterprise, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025)
Media Gateway Market – Segmented by Type, Technology, Vertical, Enterprise, Region | Market Size, Growth, Drivers, Trends, Industry Structure and Forecasts, Competitive Intelligence, Company Profiles | MarkGenes
A media gateway is a translation device that converts data from the format required for one type of network to the format required for another and helps in coding techniques. It transforms media streams between dissimilar telecommunications technologies such as Next Generation Network (2G. 2.5G and 3G radio access networks), POTS, SS7 or Private Branch Exchange Systems (PBX). Media Gateways facilitate multimedia communications across packet networks using Asynchronous Transfer Mode (ATM) and Internet Protocol (IP). These are controlled by a distinct Media Gateway Controller which provides the signalling functionality and call control.
The global media gateway market was USD 2.01 billion in 2018 and is estimated to reach USD 2.26 billion by 2025 at a CAGR of 1.69% during the forecast period
Growth by Region
North America accounted for the highest share holding one-third of the market revenue in 2018 owing to the advancements in telecom industry and higher penetration rates of smartphones. Europe is the second largest shareholder with 30% of the global market revenue in 2018. During the forecast period, Asia Pacific is expected to have promising growth. The emerging markets in this region are anticipated to be the highest contributors to the enormous long-term growth of media gateways in the future regardless of the IP telephony, which is currently being one of the effective options for connectivity in some developing countries across this region.
Drivers and Restraints
The factors responsible for the growth of the market include the growing communication technology and increasing internet subscriber penetration globally which further raise the demand for highly efficient, flexible, scalable, and cost effective communication solutions. However, the major restraint for the growth of the market is the adoption of softswitches over disparate networks which would reduce the need for the deployment of new media gateway hardware in LTE networks.
Industry Trends and Updates
Some of the notable trends witnessed by the global media gateway market include widespread adoption of 4G technology and development of 5G and the need for high quality communication over disparate networks.
Digital media gateway market is expected to hold the largest share during the forecast period. Media Gateway based on wireline technology accounted for the largest share by 2018 owing to its high flexibility and redundancy in the networks. Moreover, the telecommunication sector is anticipated to dominate the media gateway market in terms of size during the forecast period.
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