B2B TELECOMMUNICATION MARKET ANALYSIS

Name: B2B Telecommunication Market Size and Trends
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: B2B Telecommunication Market, B2B Telecommunication Market Report, B2B Telecommunication Industry Report, B2B Telecommunication Market Size, B2B Telecommunication Market Share, B2B Telecommunication Market Analysis, B2B Telecommunication Market Growth, B2B Telecommunication Market Trends, B2B Telecommunication Market Overview, B2B Telecommunication Market Forecast

B2B Telecommunication Market, by Solution (Unified Communication and Collaboration, VoIP, WAN , Cloud Services, and M2M Communication), by End-user (Small & Medium Enterprise and Large Enterprise), by Vertical (BFSI, Healthcare, Media and Entertainment, Government, Energy and Utility, Retail, Transportation and Logistics, and Others), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Dec 2019
Code : CMI2090
Pages :130
Formats :
Excel and PDF
Industry : Information and Communication Technology

B2B Telecommunication MarketSize and Trends

The global B2B telecommunication market was valued at US$ 37,668.7 Mn in 2018 and is expected to grow at a CAGR of 14.0% during the forecasted period (2019-2027).

Source: Coherent Market Insights

Market Trends

Growing adoption of unified solutions is one of the major trends in the market

Business owners in various industries are facing major challenges related to stand-alone communication. This, in turn, has led to adoption of unified communication services. This includes fixed-mobile convergence and video conferencing that are extensively adopted by market players. Such services are offered by telecommunication companies, in order to reduce operational complexities. For instance, Telefonica S.A., a Spain-based telecommunication service provider implemented Telepresence, a solution offered for unified communication services for BBVA, in order to reduce travelling cost for its employees between Mexico and Spain by providing internet-based telecommunications.

Small- and medium-sized enterprises are increasing adopting B2B telecommunication services

Growing adoption of B2B telecommunication services by small- and medium-sized enterprises, owing to availability of internet-based services and cloud-based technology is expected to be a major trend in the market. These technologies are cost-efficient and can support daily operations and also enhance business applications. For instance, in 2016, Tata Teleservices limited, an Indian telecommunication provider, gained around 30% overall revenue by offering B2B services including cloud-based conferencing, social media integration, and other SMEs.