The global media gateway market is anticipated to grow at a moderate CAGR during the forecast period (2024-2031). Media gateways can be linked with current IP systems and Public Switched Telephone Network (PSTN) to save operational expenses and enhance voice quality for consumers, as well as provide call recording capabilities. Furthermore, as communication technology developed and internet subscriber penetration increases globally, the demand for highly precise, scalable, flexible, and low-cost communication solutions have been growing significantly. These factors will propel the growth of the market. Moreover, increasing penetration of broadband connectivity and rising demand for high-speed long-term evolution (LTE) technology will likely drive market growth.
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Wireline media gateways are physically connected to other networking tools and serve as connection gateways for PSTN or IP telephony networks. Most businesses and service providers use wired media gateways to control data traffic with greater control, security, reliability, and speed. The adoption of VoIP access will propel the growth of the market.
The key players contributing to the growth of the global media gateway market include Nokia Corp., AudioCodes Ltd., Avaya Inc., Huawei Technologies Co. Ltd., among others. These market players are focusing on the adoption of several strategies such as product launches & developments, mergers and acquisitions, and partnerships and collaborations. For instance, in May 2019, ADTRAN, Inc., a provider of next-generation open networking and subscriber experience solutions announced the expansion of its SmartOS-enabled portfolio of broadband access solutions with the SmartRG 652ac (SR652ac) residential and small enterprise gateway.
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By taking advantage of recent investments in building multi-Gigabit access networks, operators will be able to accelerate the delivery of ultra-fast internet services so that customers can experience seamless broadband that is independent of location, device, or infrastructure. Further, in May 2020, TMC, a global, integrated media business, awarded Avaya Holdings Corp.’s Avaya OneCloud ReadyNow private cloud service with a Unified Communications Excellence Award. The award recognizes firms that have created outstanding unified communications solutions that are setting the standard in this rapidly evolving market.
Market Coverage
- Segment Covered
- Competitive Landscape- Nokia Corp., AudioCodes Ltd., Avaya Inc., Huawei Technologies Co. Ltd., among others., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Media Gateway Market-Segmentation
Global Media Gateway Market by Type
- Analog
- Digital
Global Media Gateway Market by Vertical
- IT & Telecom
- Government
- BFSI
- Manufacturing
- Healthcare
- Transportation
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