Enterprise Need for Converged Voice & Data Services Drives the Global Multi-Service Business Gateway Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) February 25, 2014 -- Follow us on LinkedIn – In the highly competitive modern world, SMBs have been compelled to adopt information and communications technology (ICT) to attract and retain customers, explore opportunities beyond their traditional target markets and survive competition from larger counterparts, all at significantly low costs. Against this backdrop, Multi-Service Business Gateway (MSBG), which integrates multiple primary ICT functions such as data, voice and video capabilities into a single device, especially has become a powerful communication platform for SMBs.
As a device that combines certain key enterprise functions such as VoIP, routing, switching, analog voice interfaces, and security capabilities such as firewall, virtual private networking and intrusion detection/prevention onto a single error-tolerant platform with a common management and control plane, MSBG comes as a valuable communication enabler for SMBs.
Growth in the market is also expected to benefit from the growing popularity of managed and hosted services. While SMBs traditionally relied on acquiring and managing MSBG hardware in-house for gaining access to multiple ICT capabilities and services, managed and hosted MSBG services have been growing in popularity over the last few years. Key benefits of managed services driving its adoption among SMBs include reduced cost of ownership, unrivalled control over the infrastructure, eliminates the need to hire skilled and expensive IT staff, and reduced need for upfront capital expenditure. Technology development induced complexity of MSBG implementation and maintenance additionally strengthens the attractiveness of managed/hosted services.
The growing popularity of technologies like unified communications (UC) is helping boost market prospects for MSBG. Driven by potential cost savings, increased communication efficiency, convenience and flexibility in managing multiple communications platforms, and promised improvements in business processes, demand for UC products is projected increase at a robust pace in the coming years. Capable of enabling unified communications by providing a common platform for both voice and data services over an IP network, the MSBG platform will be the major beneficiary of increased adoption of UC solutions.
Convergence of integrated security and networking appliances augurs well for the global MSBG market. MSBGs in this regard help integrate security solutions such as VPNs and firewalls along with voice/data communication and IT services, thus bringing integrated services to SMBs at a low cost. MSBG plays a critical role in safeguarding SMB networks. The security framework of MSBG includes securing IP networks with conventional VPN and firewall capabilities and advanced VoIP security feature, typically found only on service provider networks. The MSBG security capabilities serves four security layers i.e., network level security, media security, communication session and application layers.
As stated by the new market research report on Multi-Service Business Gateway (MSBG), Europe represents the largest market in terms of unit sales, while Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 9.8% over the analysis period. Growth in the region is led by robust growth in the enterprise sector, international business expansion, and increase in enterprise mobility especially in emerging markets such as China and India.
Key players covered in the report include ADTRAN Inc., Allied Telesis Inc., Aricent Inc., AudioCodes Ltd., Avaya Inc., Cisco Systems Inc., Critical Links Inc., Edgewater Networks Inc., Fortinet Inc., Freescale Semiconductor Inc., Juniper Networks Inc., LSI Corporation, Nuera Communications Inc., Samsung Electronics Co. Ltd., Sonus Networks Inc.
The research report titled “Multi-Service Business Gateway (MSBG): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, issues, and recent industry activity. The report provides market estimates and projections for MSBGs in US dollars and units for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific and Rest of World.
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Multi_Service_Business_Gateway_MSBG_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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