According to a recent market research
report published by Transparency Market Research, the global
enterprise
media gateway market is estimated to expand at a CAGR of 3.1%
during the period between 2014 and 2020. The report, titled
“Enterprise Media Gateway Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2014 - 2020”, anticipates the
global enterprise media gateway market to exhibit a positive growth
due to the increasing adoption of enterprise media gateways across
various sectors. The overall market was worth US$1.89 bn in 2013.
Increasing deployment of IP communication
applications and services in enterprises, which is also very cost
effective will boost the growth of the global enterprise media
gateway market. Growing demand for SIP trunking and cloud-based
services will also augment the market growth. However, intense
competition from existing legacy systems and consumer acceptance of
gateways over traditional communication systems will restrain the
market during the forecast horizon. The overall enterprise media
gateway market has a huge opportunity to grow with the introduction
of cloud-based solutions for unified communication and collaboration.
In terms of enterprise-type, the global
enterprise media gateway market has been segmented into small-sized,
medium-sized, and large-sized enterprises. In 2013, medium-sized
enterprises dominated the market. However, in recent years, the
small-sized enterprise segment is witnessing a rapid growth owing to
the increasing number of startups across the globe. The segment is
expected to register the fastest growth at a CAGR of 3.7% during the
forecast horizon.
On the basis of end-use industry, the
report categorizes the global enterprise media gateway market into
healthcare, telecom and IT, media and entertainment, government,
banking and insurance, and others including defense and hospitality.
Telecom and IT sector is estimated to be the largest and the fastest
growing industry segment, expanding at a CAGR of 4.1% during the
period from 2014 to 2020. The government sector and banking and
insurance sector are expected to energe as the second and third
fastest growing sectors.
The report studies the global enterprise
media gateway market across four key regions: Europe, Asia Pacific,
North America, and Rest of the World. In 2013, North America was the
leading region and accounted for 32% of the overall market, in terms
of revenue. Early adoption of technology and the increasing internet
accessibility are the key factors propelling the growth of the market
in the region. However, during the forecast horizon, Asia Pacific is
expected to witness a significant growth. Expansion of the banking
and financial services sector is creating favorable growth
opportunities for the regional market. Further, increasing adoption
of VoIP services and IP-based communication solutions across the
telecom and IT industry will drive the regional market. In the
emerging economies of Africa, Latin America, and Middle East regions,
affordable internet services made available to large, medium, and
small sized enterprises will propel the enterprise media gateway
market in the regions.
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The report profiles some of the key
players in the global enterprise media gateway market such as Avaya
Inc., Cisco Systems Inc., AudioCodes Ltd., Alcatel-Lucent SA,
GENBAND, ADTRAN Inc., Grandstream Networks Inc., Siemens AG, ZTE
Corporation, and Huawei Technologies Co. Ltd. The report offers
detailed information about the key players including their business
strategy, financial overview, and recent developments.
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