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% between 2018 and 2023. This market has been segmented on the basis of type, technology, vertical, and geography.
The media gateway market is dominated by established players. Partnerships, collaborations, acquisitions, product launches and developments, and agreements are some of the major strategies adopted by market players to grow in the media gateway market, and to expand their global presence and increase their market shares.
Nokia Networks is one of the major players in this market. The company offers a wide range of networking solutions, which allows it to serve many enterprises in the financial, healthcare, consumer, and industrial sectors for the business-critical applications. These solutions are also widely deployed in the government, oil and gas, transportation, and utility sectors for the mission-critical applications. Moreover, many leading service providers and network operators deploy its solutions to provide enhanced-quality services. The company also focuses on its inorganic growth by acquiring other companies or partnering with others competitors in the market, which has helped it gain a wide customer base all over the world. In February 2018, the company introduced enhancements to its in-home Wi-Fi solution to maximize Wi-Fi performance and simplify overall network management. The new Wi-Fi solutions expand the portfolio of Nokia with meshed Wi-Fi gateways and beacons along with enabling the company to deliver a new Wi-Fi Home Portal for service providers, introduce a mobile application for users, and provide new software functions and analytics tools to improve network intelligence.
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Ericsson focuses on the strategic growth of growth of its business by strengthening its offerings through mergers and acquisitions. The company ensures cost-efficiency by implementing efficient pooling in the network to share and utilize the network resources in the best possible way. This cost-efficiency is directly attributed to the MGw pooling enabled by IP transport. M-MGw supports IP transport on all interfaces enabling the best possible end-to-end HD voice quality and bandwidth utilization. The company focusses on product launches and developments to combine all media plane solutions needed by mobile switching system and IP multimedia subsystem (IMS), in a single product that enables media gateways to be compatible with VoLTE and IMS. In February 2014, the company launched IP network solutions, which provide end-to-end signal transmission from radio base stations, small cells, and fixed access networks to packet gateway connections in an external network. This solution enables the delivery of subscriber broadband services, such as triple-play, 2G/3G/4G, and Wi-Fi over a unified IP transport using virtual private networks.
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
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