Request FREE sample PDF
Pharmacy benefit management market
REPORT OVERVIEW
The global enterprise media gateways market size was in USD 2244.9 million 2020. As per our research, the enterprise media gateways market is expected to reach USD 2597.5 million by 2027, exhibiting a CAGR of 2.1% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Many different communication protocols, including SIP (Session Initiation Protocol), H.323, ISDN (Integrated Services Digital Network), and others, are frequently supported by enterprise media gateway. They can convert signals and messages between these many protocols, enabling communication between devices that use one protocol and those that use another. They make it possible to combine voice and data networks. For businesses that employ both conventional voice systems (like PBX) and IP-based communication systems, this is especially crucial. Voice calls can be converted into data packets for transmission across IP networks using media gateways, and vice versa. They guarantee compatibility across diverse communication infrastructures, such as the contemporary IP-based networks and the venerable Public Switched Telephone Network (PSTN) backbone. This gives more freedom in selecting and implementing communication solutions.
Codec translation is an additional function of media gateways. To ensure that endpoints with various codec capabilities can communicate effectively, they can convert audio and video codecs. They frequently have firewall and encryption capabilities as security features to safeguard the privacy and integrity of communications. Scalable solutions like enterprise media gateways enable businesses to grow their communication infrastructure as required. Scalability like this is sometimes crucial for expanding businesses. To ensure that voice and video communications receive the appropriate quality of service for optimum performance, they can aid in managing and prioritizing network traffic.
COVID-19 Impact: Increased Demand for Remote Work Solutions to Boost Market Growth
Many organizations were compelled by the pandemic to quickly switch to remote work arrangements. Enterprise Media Gateway made distant communication and collaboration possible, which was a key component of this change. Businesses wanted to make sure that employees could continue to interact successfully from home, so the demand for these gateways increased. Unified communications technologies, which combine audio, video, and messaging, have seen significant acceptance as a result of the demand for seamless collaboration amongst remote workers. These platforms were frequently integrated with the current communication infrastructure via enterprise media gateways. Some companies continue to use antiquated communication tools like classic PBX (Private Branch Exchange) systems. During the pandemic, maintaining and combining these systems with cutting-edge remote work solutions presented difficulties.
LATEST TRENDS
"Cloud-Based Solutions to Enhance Market Growth"
Enterprise Media Gateways that are hosted in the cloud are becoming more popular. Scalability, flexibility, and simpler management are all features of cloud systems. In order to promote remote work, decrease on-premises infrastructure, and enable cost-effective communication, businesses are increasingly implementing cloud-based media gateways. Enterprise Media Gateway and unified communications and collaboration systems are becoming more closely connected. This enables businesses to combine their communication tools, delivering a seamless phone, video, and messaging experience through a single interface. Enterprise Media Gateway are adding sophisticated security features in response to growing cybersecurity worries. For the purpose of securing communication data and preventing unauthorised access, this also includes encryption, threat detection, and access control.
SEGMENTATION
- By Type
Based on type market is classified as small-sized enterprise, medium-sized enterprise and large-sized enterprise.
- By Application
Based on application market is classified as telecom and it, healthcare, government sector, media and entertainment, banking and insurance and other applications.
DRIVING FACTORS
"Unified Communications Integration to Augment Market Growth"
One key driver is the requirement to combine numerous communication methods, including audio, video, and messaging, into a single platform. This connectivity is made possible by enterprise media gateways, which enhances collaboration and offers a seamless user experience. Many businesses still use antiquated communication technologies like analogue phones and PBX systems. By bridging the gap between these antiquated systems and contemporary IP-based communication technologies, enterprise media gateways help existing investments last longer. The demand for Enterprise Media Gateway has expanded as a result of the expansion in remote work, which has been fueled by calamities like the COVID-19 epidemic. They ensure business continuity by making it possible for remote employees to rapidly and securely connect to the corporate communication infrastructure.
"Security and Compliance to Propel Market Growth"
The ability to scale is essential in the fast-paced business world of today. Enterprise media gateway give users the freedom to adjust communication resources up or down as necessary to meet changing user needs and population sizes. Enterprise Media Gateway can lower the cost of long-distance and international calls by enabling the use of VoIP (Voice over Internet Protocol) and other IP-based communication technologies. The potential for cost savings is a key factor in adoption. Organisations place a high importance on ensuring the security and compliance of communication data. Encryption, access control, and other security measures are frequently included in enterprise media gateways to safeguard sensitive data and uphold legal compliance. It is essential to be able to connect to and communicate with a variety of systems, networks, and protocols. All these factors resulted in the enterprise media gateways market growth.
RESTRAINING FACTOR
"Security Concerns to Impede Market Expansion"
Enterprise Media Gateway can be expensive to install and maintain. This covers the cost of the gateway's initial hardware or software purchase as well as any further maintenance, licencing costs, and IT staff training expenses. These expenses may be exorbitant for smaller firms. Enterprise Media Gateway management and configuration can be challenging, especially for businesses with little in the way of IT resources or experience. Proper setup and maintenance are essential because configuration errors can result in service interruptions. Even though Enterprise media gateway can connect old and new communication systems, the integration procedure can be difficult. A seamless integration may be hampered by compatibility problems, software updates, and hardware restrictions in legacy systems.
REGIONAL INSIGHTS
"North America to Dominate the Market Due to Technological Innovation"
There are a great number of firms in North America, ranging in size from tiny businesses to significant global corporations. Due to the magnitude of the market, there is a high demand for communication infrastructure, such as enterprise media gateways market share. Particularly, the United States has served as a centre for technological innovation. Media gateways, among other advanced communication technologies, can be developed and adopted in this setting. In general, North America has a strong IT infrastructure, which is ideal for the installation and use of enterprise media gateway. These gateways cannot function properly without dependable broadband and internet connectivity. Early adopters of unified communications and collaboration solutions include many North American businesses, and these tools frequently need enterprise media gateway for integration and interoperability.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Huawei Technologies Co. Ltd. (China)
- Cisco Systems (U.S.)
- Avaya (U.S.)
- Ribbon Communications (U.S.)
- Matrix Comsec (India)
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 2244.9 Million in 2020 |
Market Size Value By |
US$ 2597.5 Million by 2027 |
Growth Rate |
CAGR of 2.1% from 2020 to 2027 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the enterprise media gateways market expected to touch by 2027?
The global enterprise media gateways market size is expected to reach USD 2597.5 million by 2027.
-
What CAGR is the enterprise media gateways market expected to exhibit by 2027?
The enterprise media gateways market is expected to exhibit a CAGR of 2.1% by 2027.
-
Which are the driving factors of the Enterprise Media Gateways market?
Unified communications integration and security and compliance are the driving factors of the Enterprise Media Gateways market growth.
-
Which are the key players functioning in the Enterprise Media Gateways market?
Huawei Technologies Co. Ltd., Cisco Systems, Avaya, and others are the key players functioning in the Enterprise Media Gateways market.