The report forecasts the global enterprise media gateway market to grow at a CAGR of 4.21% during the period 2016-2020.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Commenting on the report, an analyst from the research team said: The transition from developed to developing market is the latest trend witnessed in the market. As a result of improved economy in developing countries such as India and China, the number of enterprises has increased, and there is a shift in preference from telecom to VoIP service. This has had a positive influence on the demand for media gateways.
According to the report, VoIP is widely adopted in enterprises as it reduces the operational cost of companies and increases their profit margin by lowering the use of telecom services. Enterprise media gateway offers quality communication to enterprises followed with audio, video, and messaging services.
Further, the report states that Data security poses a major challenge in the market because of increasing incidents of identity theft in organizations, which leads to data loss and hampers the reputation of the company.