B2B Telecommunication Market– Overview
Rapid industrialization and urbanization are inducing high demand for an efficient communication service to maintain the business processes on an international level. B2B telecommunication provides optimum communication solutions to various small to large scale businesses by maintaining the security and quality of the communication among these enterprises. The report published by Market Research Future (MRFR states that the global B2B telecommunication market is marked to expand at a remarkable CAGR of 14% during the forecast period of 2017-2023. The factors like increased outsourcing of business processes form developed countries to developing countries due to the availability of cheap labor, recent innovations in communication technology, proliferation in business startups due to the presence of favorable government policies and high demand for security and quality in business communications are majorly contributing to the expansion of the global B2B telecommunication market during the assessment period.
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The noteworthy players in the B2B telecommunication market globally are Deutsche Telekom AG (Germany), Comarch SA. (Poland), Verizon Communications Inc. (U.S.), NTT Communications (Japan), Vodafone Group PLC (The U.K), AT&T Inc. (U.S.), Orange S.A. (France), Cisco Systems, Inc. (U.S.), Amdocs Ltd (U.S.), and Telstra Corporation Limited (Australia) among others.
The segmentation of the B2B telecommunication market globally is segmented on the basis of application, solution, organization size, deployment, and region. On the basis of solution, the segmentation of the B2B telecommunication market consists of WAN solution, M2M communication, unified communication and collaboration, VoIP (Voice over Internet Protocol) and cloud services. Based on deployment, the B2B telecommunication market comprises of mobile and fixed. On the basis of organization segment, the B2B telecommunication market is segmented into small & medium enterprises and large enterprises. On the basis of application, the B2B telecommunication market comprises of commercial and industrial. The regions considered in the B2B telecommunication market are Europe, North America, Asia Pacific, and Rest of the World.
Detailed Regional Analysis
The region-based analysis of the B2B telecommunication market globally covers regions such as Europe, North America, Asia Pacific, and Rest of the World. The North American regional market is responsible for the maximum share in the B2B telecommunication market. Due to the rapid adoption of VoIP and cloud services, the Asia Pacific region is projected to be the most rapidly rising region in the B2B telecommunication market, the application of advanced telecom services in developing nations such as India, China & South Korea along with the growth in the media and entertainment industry. The presence of technologically advanced solutions is expected to further motivate the development of the market in the rest of the world over the forecast period.
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- System Integrators
- Original Equipment Manufacturers
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