Media Gateway Market is Segmented By Type (Analog, Digital), Innovation in Growing Digital Technologies Demand to expand Scope for Media Gateway Market.
Industry: IT and Telecommunication
Published Date: May-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 298
Report ID: PMRREP33447
According to Persistence Market Research, the global media gateway market is expected to be worth US$ 2.2 billion by 2023, growing at a CAGR of 4.7% from 2023 to 2033. According to projections, the market will reach US$ 3.4 billion by 2033.
The growing popularity of media streaming services and the penetration of smart devices are also expected to drive market growth. Market opportunities are anticipated to be generated by 5G technology and fiber-optic network deployment. Advanced media gateways, like virtual ones, are likely to be in high demand, which will create immense opportunities for players. Media gateways are, however, costly, which may restrict market development.
Increasing investments in communication networks, the growing popularity of cloud-based services, and the growing need for media gateways for integrating multiple VoIP networks are expected to drive the market for media gateways. Wired media gateways are commonly used by corporate and internet service providers to improve data security, performance, and reliability. In addition to VoIP access, wireline technology-based media gateways drive the market for media gateways. The media gateway market is likely to be dominated by these gateways during the forecast period.
| Report Attributes | Details |
|---|---|
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Media Gateway Market Size (2023) |
US$ 2.2 billion |
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Media Gateway Projected Market Value (2033) |
US$ 3.4 billion |
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Media Gateway Market CAGR (2023 to 2033) |
4.7% |
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United States Market Absolute Dollar Growth |
US$ 315.2 million |
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China Market Size (2023 to 2033) |
US$ 291.1 million |
According to Persistence Market Research, the media gateway market grew at a 12.6% CAGR from 2018 to 2022. Between 2023 and 2033, the market is expected to grow at a rate of 4.7%.
As IoT developments and 5G networks progress, the media gateway market in the telecommunications industry is expected to grow. Media gateways are being driven by increasing technological investments and internet penetration.
With the increasing complexity of the voice infrastructure, flexible and efficient solutions are needed to deal with a wide range of communications protocols and secure SIP trunks, which has led to an increase in the use of digital media gateways.
Growing demand for digital media services, such as streaming video, VoIP, IPTV, and video on demand, is expected to be the key driver of the future growth of the media gateway market. A large part of this can be attributed to the fact that multimedia applications have become increasingly popular across a variety of platforms, and the number of mobile phone users has increased greatly
Increasing Adoption of Secure Network Connections are expected to Grow the Market
Market growth in the media gateway market is driven by rapid advancements in communications technologies, a growing subscriber base, and efficient information flow between disparate networks. The global telecommunication sector is also growing due to the increased use of media gateways, which offer a wide range of voice and multimedia services, replacement of costly legacy switching, and combining mobile and fixed networks.
Increasing numbers of data centers and advances in network processors drive the market for media gateway market. Growing operational expertise and a need for adequate gateway resources are driving growth in the media gateway market. The market for media gateway in the telecommunications industry is growing due to the increasing adoption of Internet Protocol (IP) phones and VoIP services.
With advanced management tools, media gateways can be integrated with modern architectural framework solutions, increasing the need for media gateways. Increasing demand for secure voice communications and high flexibility and redundancy are anticipated to drive market growth.
How will the North American Media Gateway Market Grow?
Use of high-speed Internet to Drive Media Gateway in the United States
According to PMR, North America will dominate the global media gateway market. The North American media gateway industry is expected to reach US$ 1.36 billion by 2033.
With the advancement of digital platforms for portability and accessibility, it has seen a rise in 4G and 5G technologies, like smartphones, and the adoption of cloud computing. Digital media gateways are expected to grow significantly in North America over the forecast period. Streaming media, VoIP, and IPTV, among other digital media services, have contributed to this growth.
The United States media gateway market is expected to benefit from the growth of the Internet of Things (IoT). Furthermore, the growing demand for advanced services and the increase in the number of connected devices are expected to help boost the growth of the market over the next few years.
The advent of 5G technology is also expected to drive huge demand for digital media gateways in the region. In addition, the growing focus on improving user experience is expected to drive the growth of the United States media gateway market.
The United States is likely to account for 80% of all media gateway service deployment in 2023. Based on projected growth, the United States will grow by US$ 1.1 billion by 2033 at a CAGR of 3.6%. The United States will generate US$ 315.2 million in absolute dollar opportunities by 2033.
Why is Asia Pacific a Leading Market for Media Gateway?
With the Increasing Use of Mobile Devices, the Demand for Media Gateways is Expected to Increase
The media gateway market in the Asia Pacific is expected to reach US$ 836.4 million by 2033. According to the forecast, China will reach US$ 291.1 million by the end of the forecast period. The market will capture approximately 35% of the market by 2033.
Media gateway market growth is expected to be encouraging during the forecast period. In order to reduce costs related to technology infrastructure and streamline operations, both large and small companies are moving to cloud-based services. In the current market scenario, cloud-based solutions will have a significant impact on market growth.
With IP telephony currently serving as one of the most cost-effective options for connecting emerging markets, it is expected that the emerging markets in this area will contribute most to the long-term expansion of media gateways.
India, Japan, Singapore, and China are reliant on the Internet, and telecommunications services are expected to grow the market. Businesses can focus on their core business goals when these services are approved and adopted. Implementing 5G technology in countries like India, China, and Japan is increasing the adoption of the latest technologies. The market for media gateway in China is expected to hold a CAGR of 5.6% during the forecast period.
Which Type of Media Gateway is Most Likely to Drive Global Market Growth?
Innovation in Growing Digital Technologies Demand to expand Scope for Media Gateway Market
By type, the market is segmented into analog and digital. Digital media gateways are expected to grow in the future. According to the forecast, the industry is expected to grow at a CAGR of 4.5% between 2023 and 2033.
Digital media gateways hold a huge share of the market mainly because they deliver media in an elegant manner, have low latency, and offer cloud security, which boosts the market. Along with converting streams between different interfaces using different technologies, the gateways can also allow video, voice, and fax services to be accessed.
Digital media gateways have also become increasingly sought after in an established voice infrastructure due to the growing demand for flexible and efficient solutions for a broad range of call-control protocols and secure SIP trunking.
As video streaming becomes more popular, and communication services become more sophisticated, there has been an increase in demand for high-quality streaming. 5G technology development, cloud-based service adoption, and the trend toward connected homes also contribute to the market growth.
The market continues to be driven by an increase in the need for services such as voice over internet protocol (VoIP) and multi-media messaging services (MMS). Moreover, the market for digital media gateways is expected to benefit from a rise in the demand for advanced digital media solutions and the emergence of new digital media technologies. With advances in artificial intelligence (AI) and machine learning (ML), the digital media gateway market is expected to grow significantly.
What Vertical is Expected to Drive Media Gateway Demand?
Telecommunications are Expected to Maintain Growth During the Forecast Period
The telecommunications segment grew at a 2.9% CAGR between 2018 and 2022. Over the next decade, this segment is expected to grow at a CAGR of 4.6%. With Voice Over Internet Protocol (VoIP) services becoming more popular, high-speed broadband services getting more popular, and cloud computing getting more popular, the telecommunications market is expected to grow big over the coming years.
Growing demand for these services has caused the telecommunication market to require reliable and efficient media gateways. VoIP and broadband services are delivered via media gateways, which are essential for VoIP services and for cable and DSL deployments.
Fiber optics, which are used for long-distance data transmission, will also drive the media gateway market since these gateways ensure data transmission over long distances. Moreover, wireless services and streaming media services will continue to grow in popularity, which will drive the demand for reliable and efficient media gateways. NEC Corporation, for instance, has developed a Charging Gateway Function (CGF) for DOCOMO to process billing information efficiently, which is becoming more sophisticated due to service menus becoming more sophisticated.
Several technology companies are working together to develop media gateways. Market share will increase significantly for organizations with expansive product offerings, technological capabilities, and marketing efforts. Combining strengths can lead to innovative products from different companies.
Product improvement is most often achieved through research and development. Competitive advantage can be gained by improving existing products as well as introducing new ones.
| Attribute | Details |
|---|---|
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Forecast Period |
2023 to 2033 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ billion for value |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Customization & Pricing |
Available upon Request |
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Globally, the media gateway market was worth US$ 6.8 billion by 2022.
The media gateway industry is expected to generate US$ 7.3 billion in revenue in 2023.
Globally, the media gateway market is expected to reach US$ 3.4 billion by 2033.
The media gateway market is expected to grow at a CAGR of 4.7% during the forecast period ranging from 2023 to 2033.
According to PMR, media gateway revenue increased at a 3% CAGR between 2018 and 2022.
Digital media gateway is expected to rise at a CAGR of 4.5% from 2023 to 2033.
