B2B TELECOMMUNICATION MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics- Driver

1. Growing practice of latest technologies including cloud, IoT, VoIP, etc. is expected to drive growth of the global B2B telecommunication market during the forecast period

2. Increasing implementation of social media platforms among business owners is expected to propel the global B2B telecommunication market over the forecast period

Market Restraints

1. Lack of security solutions related to latest technology is expected to restrict adoption of B2B telecommunication services, thereby restrain the global B2B telecommunication market growth during the forecast period

The business owners in various industries are hesitant towards adopting advanced technological solutions, owing to growing security issues. Growing risk of security breaches coupled with cyber theft are expected to restrain growth of the market. Moreover, these services are managed by third-party services for day-to-day operations, which has increased incidence of data theft, loss of data, and information leak. Although several telecommunication providers are offering advanced security services, in order to cater increasing demand for security solutions, there still exists risk of data theft.

2. Lack of organizational swiftness in the service offered by B2B telecommunications providers is expected to restrain growth of the global B2B telecommunication market in the near future

Although B2B telecommunication providers have incorporated IT services, lack of automation and integrated support system are unable to offer the service for longer period. Moreover, service providers are unable to provide enhanced IT services due to limited budget and complicated business structure. This, in turn, is expected to hinder the market growth over the forecast period.

Market Opportunities

1. Advent of IoT and M2M technology is expected to offer lucrative growth opportunities for market players

Internet of Things or IoT is of the rapidly growing technology that has gained significant traction in the recent past. Major telecommunication providers in the market are offering IoT-based services to organizations, since it is cost-efficient and offer other benefit including machine-to-machine communication, wireless transactions, and more. Thus, growing adoption of IoT-based solutions is expected to offer excellent growth opportunities for market players in the near future.

2. Growing demand for IT service among business owners is expected to offer conducive business opportunities for market

As organizations are adopting latest technologies to enhance their businesses, it has encouraged telecommunication providers to incorporate IT applications into their service. Due to this, the burden of hardware and other complexities business have reduced significantly. Thus, rising demand to IT applications is expected to offer lucrative growth opportunities for market players in the near future.