Global Media Gateway Market is valued approximately USD 2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.30 % over the forecast period 2019-2026. Media gateway is a service or translation device that converts media streams. Media gateway is used in the core network of the telecom network to offer internetworking and transformation between the media streams and dissimilar network communication networks. Leading factor of the marketplace are growing demand for high-quality transmission over distinct networks and modular structure of media gateways offering high flexibility to legacy systems. Apart from this, session border functionality of integrated media gateways coupled with wide adoption of 4g technology and the emergence of 5g is expected to create significant growth opportunity in the market over the forecast period. However, adoption of Softswitches impedes the growth of the market over the forecast period of 2019-2026.
The regional analysis of global Media Gateway market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing demand for media transcoding for next generation networks and need for transcoding devices. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as dependency of internet and telecommunication services, emergence of 5G would create lucrative growth prospects for the Media Gateway market across Asia-Pacific region.
Major market player included in this report are:
Synway Information Engineering
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Banking, Financial Services, and Insurance (BFSI)
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Media Gateway Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers