By now, anyone with half a brain and a hope of saving money, has given or is giving serious consideration to switching their telecom needs to VoIP, Voice over Internet Protocol. Besides the obvious benefit of saving money, they’ll cut their dependence on major telecom carriers and will help move their companies into the 21st century. It’s a move that makes sense.
Now, word is coming out that their faith has not been misplaced. A new report shows that the enterprise media gateway market – also known as VoIP gateways – is estimated to grow at a compound annual growth rate (CAGR) of 3.1 percent during the forecast period from 2014 to 2020. The market is expected to reach $2.37 billion by that same year of 2020.
“The term ‘enterprise media gateway’ is used in context of audio and video data type,” said Transparency Market Research, which issued the findings. “Enterprise media gateway broadly refers to the devices that convert voice signals into digital signals and carry signals over the IP-based network.”
What that means in plain language is that increasing deployment of IP communication applications and services in enterprises, due to rapid and cost-effective deployment, has led to the growth of the global enterprise media gateway market. Furthermore, the growing demand for SIP trunking and cloud-based services is an additional factor driving this market.
The report helps in understanding the forces behind the popularity of enterprise media gateways, and also provides a breakdown and review of various factors affecting the market growth, which are appropriately described as market drivers, restraints, and opportunities.
The report includes the study of enterprise media gateways based on the size of enterprises using IP-based telecommunication solutions such as small-sized enterprises, medium-sized enterprises, and large-sized enterprises, and includes a comprehensive assessment of stakeholder strategies and the imperatives for succeeding in the business.
It shows that those who’ve chosen VoIP have chosen wisely. The others? Left in the dust, apparently.