Businesses across several industrial verticals are actively adopting IT-as-a-service (ITaaS) models for improving their operations. With the soaring demand for ITaaS operational models, the scope for incorporating B2B telecommunications is also extending substantially among varied businesses and enterprises. A recent research conducted by Future Market Insights projects that the global demand for B2B telecommunication will be largely emanating from the BFSI sector and media & entertainment industry.
According to Future Market Insights’ report, the global revenues from B2B telecommunication surpassed an estimated US$ 30 billion in 2016. By the end of 2026, the global B2B telecommunication market is projected to be valued at US$ 107.47 billion, registering expansion at a 13.6% CAGR. More than one-fourth of the global B2B telecommunication revenues throughout the forecast period will be accounted by the BFSI industrial vertical, which will amount to more than US$ 27 billion by the end of 2026.
Government and administrative bodies, and healthcare organisations such as hospitals and medical research institutes will also considered lucrative industrial verticals for B2B telecommunication, procuring a combined global market value share of nearly 30% by the end of forecast period. Growth in B2B telecommunication revenues from the media & entertainment industry is predicted to be at a faster pace – with a CAGR of 14.7%.
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Unified B2B Telecommunication Services Gaining Traction
Businesses availing B2B telecommunication services are able to select suitable types of solutions, on the basis of facilities provided. While cloud-based B2B telecommunication services currently account for half of the global market revenues, their revenue share is expected to drop over the period of next ten years. Increasing adoption of unified communication and collaboration solutions is predicted to partly instrument the dip in cloud services’ global market contribution. By 2026, nearly US$ 25 billion revenues are projected to be harvested globally from sales of unified B2B telecommunication services. Furthermore, the demand for VoIP services, WAN solutions and M2M communication solutions is also expected to grow at steady rate over the next decade.
North America & APEJ – Dominant Regions
In 2016, North America’s B2B telecommunication market was valued at an estimated US$ 8.5 billion. Surging adoption of cloud and VoIP services by US-based businesses has been assessed as the key attributor for growing sales of B2B telecommunication services in North America. Although, B2B telecommunication revenues in North America will increase at a 15.3% CAGR. On the other hand, the B2B telecommunication market in Asia Pacific excluding Japan (APEJ) region is projected to register rampant expansion at the highest CAGR of 17.3%. By 2026-end, the APEJ B2B telecommunication businesses will dominate the global B2B telecommunication market with 28.5% global revenue share.
Preview Analysis Global B2B Telecommunication Market Segmentation By Solution - Unified Communication and Collaboration, VoIP, WAN, Cloud Services, M2M Communication; By End User - Small & Medium Enterprise, Large Enterprise; By Vertical – BFSI, Healthcare, Media and Entertainment, Government, Energy and Utility, Retail, Transportation and Logistics : https://www.futuremarketinsights.com/reports/b2b-telecommunication-market
Comparatively, the B2B telecommunication market in Latin America, Eastern Europe and the Middle East & Africa (MEA) region will incur sluggish expansion over the forecast period. Japan’s contribution to the global B2B telecommunication market value is estimated to be over US$ 15 billion by the end of 2026, which will be approximately US$ 3 billion higher than the value of Western Europe’s B2B telecommunication market.
In the report, titled “B2B Telecommunication Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” large enterprises such as MNCs and conglomerates will be the largest end-users of B2B telecommunication in the world. Companies such as China Mobile Limited are being recognised as a leading supplier of B2B telecommunication services, owing to the growing proliferation of social, mobile, analytics and cloud (SMAC) technologies in the APEJ region and beyond. The report has further profiled key players of the global B2B telecommunication market, which include, NTT Communications Corporation, Vodafone Group PLC, Orange S.A., Telefonica S.A., AT&T Inc., Telstra Corporation Limited, Deutsche Telekom AG, Verizon Communications, and SoftBank-owned Sprint Corporation.
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The global M2M communication market is expected to exhibit a strong 10% CAGR over the forecast period from 2016 to 2022, according to the latest research report from Market Research Future (MRFR).
The report presents a detailed overview of the global M2M communication market’s historical and present growth trajectory, and makes accurate forecasts as to the market’s likely growth trajectory over the forecast period.
M2M communication is a suite of technologies by the use of which machines and sensors can relay data to each other, leading to corresponding actions in the machines.
The widespread applicability and functionality of IoT tools has led to widespread adoption of IoT technology in recent years, increasing the commercial scope for the global M2M communication market in the process.
Growing demand for IoT in various industrial sectors is likely to be a major driver for the global M2M communication market over the forecast period.
Blood glucose monitors are among the most common health monitors used across the world.
M2M Communication Market, by Technology (Wired, Wireless), by Component (Wi-Fi, Sensors, RFID, Computer Software), by Application (Consumer electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation) - Forecast 2016-2022M2M Communication Global Market - OverviewThe global M2M communication market is showing immense growth; mainly due to the growing need for energy-efficient lighting systems.
M2M communication refers to connecting different machines of the same type other than smartphones, tablets, and wearables with each other.
On the other hand, lack of standardization and continued uncertainty around 4G LTE are major factors hindering the growth of M2M communication market.
Telecom regulator, TRAI has come out with proposals on machine-to-machine communications that include a new kind of permit for companies keen on providing services for this new form of technology.M2M Communication Global Market - Competitive AnalysisThe market of M2M communication appears to be highly competitive.
To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape.
Major players are investing on internal R and, most of all, in acquiring other firms.M2M Communication Global Market - SegmentationThe M2M communication market can be classified into 4 key segments for the convenience of the report and enhanced understanding;Segmentation by Technology: Comprises of Wired, Wireless and HybridSegmentation by Component: Comprises of Wi-Fi, Sensors, RFID, and Software among othersSegmentation by Application: Comprises of Consumer Electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation among othersSegmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World.M2M Communication Global Market - Regional AnalysisNorth America is expected to witness a significant growth and hold the largest market share during the forecast period.
Communication Platform As a Service Market: Global End-user Analysis 2015-2019 and Opportunity Assessment 2020-2030A recent market study published by FMI on the Communication Platform As a Service market includes a global end-user analysis for 2015-2019 and opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics.
After conducting a thorough research on the historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision.Communication Platform As a Service Market: SegmentationThe global Communication Platform As a Service market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.By SolutionsUnified Communication & CollaborationWeb Real-Time Communication (WEBRTC)Interactive Voice Response (IVR) With Integral EPABXBy ServicesManaged ServicesProfessional ServicesVisit For Sample>>https://www.futuremarketinsights.com/reports/sample/rep-gb-3349 Report ChaptersChapter 01 - Executive SummaryThe report commences with the executive summary of the Communication Platform As a Service market, which includes a summary of the key findings and statistics of the market.
It also includes the dominating segments in the global Communication Platform As a Service market.
In addition, it includes the graphical representation of the segments according to market size and growth rate.Chapter 02 - Market IntroductionReaders can find a detailed taxonomy and definition of the Communication Platform As a Service market in this chapter, which will help them understand the basic information about the Communication Platform As a Service market.
This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Communication Platform As a Service market report.Chapter 03 - Global Communication Platform As a Service Market: Market BackgroundThis chapter explains the key macroeconomic factors that are expected to influence the growth of the Communication Platform As a Service market over the forecast period.
Moreover, readers will understand the key trends followed by the leading providers in the Communication Platform As a Service market.For any queries linked with the report, ask an analyst >>https://www.futuremarketinsights.com/ask-question/rep-gb-3349Chapter 04 - Global Communication Platform As a Service Market: Market ForecastThis section explains the global market value analysis and forecast for the Communication Platform As a Service market.
The global B2B Telecommunication Market report offers a comprehensive assessment of the market for the forecast years.
This globe industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.The key market players for the global B2B Telecommunication market are listed below:Telstra Corporation LimitedNTT Communications CorporationDeutsche Telekom AGVerizon CommunicationsVodafone GroupTelefonicaATSprint Corporation (SoftBank Group Corporation)OrangeOthersClick here to get a FREE Sample Copy of the B2B Telecommunication Market Research Report @ https://www.decisiondatabases.com/contact/download-sample-27754The Global B2B Telecommunication Market Report is equipped with market data from 2016 to 2026.
It also evaluates the competitive scenario of the leading players.
The report forecasts sales and revenue from 2021 to 2026.
The detailed sales channel is also covered in the study.COVID-19 Impact Analysis on B2B Telecommunication MarketThe global pandemic COVID-19 has affected the B2B Telecommunication market directly or indirectly.
The impact study on production, supply-demand, and sales provides a holistic approach to the future.Do You Have Any Query Or Report Customization?
