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Media Gateway Market - Global Forecast to 2023: Wide Adoption of 4G Technology and the Emergence of 5GDUBLIN, Dec 14, 2018 /PRNewswire/ -- The "Media Gateway Market by Type (Analog and Digital), Technology (Wireline, Wireless, and Hybrid), Vertical (Telecommunications, Government, BFSI, Manufacturing, Healthcare, Transportation), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The media gateway market is expected to reach USD 2.19 billion by 2023 from USD 2.03 billion in 2018, at a CAGR of 1.46% during the forecast period. Major factors driving the growth of the media gateway market include the need for high-quality communication over disparate networks; the modular structure of media gateways providing high flexibility to legacy networks; and session border functionality of integrated media gateways. Digital media gateways hold a larger share of the overall media gateway market. These gateways convert media streams in the form of digital data telecommunications for aiding voice, video, and fax services, among others, between dissimilar interfaces using different technologies. With the increase in the need for flexible and efficient solutions for a wide variety of call-control protocols and secure SIP trunking in an established voice infrastructure, the demand for digital media gateways is also increasing. The market for hybrid technology-based gateways is expected to grow at the highest CAGR during the forecast period. The hybrid technology-based media gateways include both wireline and wireless technologies to serve both functionalities through a single device. At present, the media gateway manufacturers are offering these gateways to allow the end users to integrate them with the existing wired infrastructure and wireless or next-generation networks. The market for the others verticals, including hospitality, media and entertainment, education, and retail, is expected to grow at the highest CAGR between 2018 and 2023. The factors driving the market for this segment include the growing need for media transcoding for next-generation networks, HD voice transcoding for high-quality communications over disparate networks, and need for flexible and low-cost transcoding devices in these verticals. APAC is projected to account for the largest share of the global media gateway market by 2023. The countries such as Japan, India, Australia, Singapore, and China are highly dependent on the Intrnet and telecommunication services. The adoption of these services allows the companies to concentrate on their core business objectives. The emerging markets in this region are expected to be the largest contributors to the massive long-term growth of media gateways in the future despite the IP telephony currently being one of the effective options for connectivity in some developing countries across this region. However, softswitches would reduce the need for the deployment of new media gateway hardware in LTE networks, and the adoption of these softwsitches over disparate networks acts as a restraint for the media gateway market growth. Key Topics Covered: 1 Introduction For more information about this report visit https://www.researchandmarkets.com/research/9fllcc/media_gateway?w=5 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets
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