Albany, NY -- (SBWIRE) -- 07/21/2015 -- Deployment of IP based enterprise telecommunications applications will open opportunities for the global enterprise media gateway market, says a recent market study published by Transparency Market Research (TMR). According to the report, titled "Enterprise Media Gateway Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", the global media enterprise gateway market was valued at US$1.89 billion in 2013 and is expected to exhibit a CAGR of 3.1% CAGR from 2014 to 2020.Increasing adoption of enterprise media gateways in banking and insurance sector and telecom and IT industries are the most significant growth drivers of the global enterprise media gateway market. In 2013, North America represented the largest market, accounting for 32% revenue of the overall market. Increasing internet accessibility and early adoption of technology are the main factors boosting the market in the region.

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Based on enterprise-type, in 2013 medium-sized enterprise led the enterprise gateway market owing to the increasing number of companies in this segment that in turn amplified the total number of employees. In recent years however, small-sized enterprise segment of the global enterprise media gateway market is exhibiting rapid growth due to surging number of startups across the globe. The segment is expected to register fastest growth at a CAGR of 3.7% between 2014 and 2020. Moreover, early adoption of new technology is driving the demand for IP based telecommunication solutions in the market, and thus creating demand for media gateways.By end user, telecom and IT will emerge as the largest and fastest growing industry segment during the forecast period, displaying 4.1% CAGR between 2014 and 2020. This will be followed by government sector and banking and insurance sector.

In Asia Pacific, expansion of the banking and financial services institutions (BFSI) sector is creating favorable growth opportunities for media enterprise gateway solutions. Increasing demand for IP based communication services is boosting the enterprise media gateway market in the region.Furthermore, in Asia Pacific, increasing adoption of VoIP services and IP based communication solutions among telecom and IT industry and banking and insurance sector will drive the enterprise media gateway market in the region, as mentioned in the report.Affordable Internet services made available to large, medium and small sized enterprises in the emerging countries of Latin America, Africa, and Middle East regions will create significant growth opportunities for the enterprise media gateway solutions in these regions.According to the market study some of the major players in the global enterprise media gateway market are AudioCodes Ltd, Cisco Systems Inc., Alcatel-Lucent SA, ADTRAN, Inc., Huawei Technologies Co. Ltd, Avaya Inc., GENBAND, Grandstream Networks Inc., Siemens AG, and ZTE Corporation.

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The global enterprise media gateway market has been segmented as follows:

Enterprise Media Gateway Market, by Enterprise Type
Small-sized Enterprises
Medium-sized Enterprises
Large-sized Enterprises
Enterprise Media Gateway Market, by End-use Industry
Telecom and IT
Healthcare
Government
Media and Entertainment
Banking and Insurance
Others (Defense and Hospitality)
Enterprise Media Gateway Market, by Geography
North America
Europe
Asia Pacific
Rest of the World

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.