B2B Telecommunication Market Definition
The growing demand for cloud communication, unified communication & collaboration, and VoIP solution in various economies will help to boost the global B2B Telecommunication market. Business-to-business (B2B) telecommunications facilitate two-way communication between companies, businesses, or clients. B2B telecommunications platform delivers a comprehensive view where the data and statistics related to orders, cases, and financial information is made visible to customers. 5G and the Internet of Things (IoT) are among the technologies set to create a much bigger and broader landscape of enterprise opportunity. According to Expertise, “by 2020, 23 percent of the communications service providers′ (CSP) large enterprise business communication revenues will be catalyzed by new digital services such as cloud, collaboration, or IoT (among others), up from 13 percent in 2017”.
The market study is broken down by Type (Unified Communication and Collaboration, VoIP, WAN, Cloud Services and M2M Communication), by Application (Industrial and Commercial) and major geographies with country level splits.
Key companies in the market are focused on offering advanced services to enterprises, in order to gain a competitive edge in the market. Industry players are adopting various strategies such as mergers and acquisitions, partnerships with other firms for particular technologies, and new product development Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global B2B Telecommunication market throughout the predicted period.
Telstra Corporation Limited (Australia), Verizon Communications (United States), Telefonica (Spain), Deutsche Telekom AG (Germany), Sprint Corporation (SoftBank Group Corporation), AT&T (United States), Vodafone Group (United Kingdom), NTT Communications Corporation (Japan), Orange (France) and Amdocs Ltd (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global B2B Telecommunication market by Type, Application and Region.
On the basis of geography, the market of B2B Telecommunication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Enterprise Size , the sub-segment i.e. Large Enterprise will boost the B2B Telecommunication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solutions, the sub-segment i.e. WAN Solution will boost the B2B Telecommunication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Retail will boost the B2B Telecommunication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Fixed will boost the B2B Telecommunication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 11th June 2020, To meet the growing technology needs of Spanish businesses, Google Cloud and Telefónica are announcing a new partnership to foster the country's digital transformation and advance 5G mobile edge computing. As part of this agreement Google Cloud today announces its plans to open a new cloud region in Spain that will leverage Telefonica's Madrid region infrastructure.
On 14th November 2019, Sprint Corporation inaugurated the telecom infra project community lab for OpenRAN 5G NR, in order to accelerate 5G small cells and macrocells. and On June 2019, Telefonica, S.A., a Spain-based provider of integrated communication for the B2B market, announced that it will offer Google Cloud Solutions companies around the world, in order to help them accelerate their digital transformation.
- The Increasing popularity of unified solutions
- High demand due to Small- and medium-sized enterprises are increasingly adopting B2B telecommunication services
- The growing practice of the latest technologies including cloud, IoT, VoIP, etc.
- Increasing implementation of social media platforms among business owners
- The advent of IoT and M2M technology
- Growing demand for IT service among business owners is expected to offer conducive business
- Lack of security solutions related to the latest technology
- Lack of organizational swiftness in the service
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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