In a recent published report, Kenneth Research has updated the market report for B2B Telecommunication Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for B2B Telecommunication Market products.
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The B2B Telecommunication Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
Market Scenario
B2B telecommunication can be defined as any kind of communication between businesses, businesses and clients, and clients and clients. B2B telecommunication service providers maintain the system data, text, sound, voice and video, for direct communication between businesses.The key players in the global B2B telecommunication market are Comarch SA., Deutsche Telekom AG, NTT Communications, Verizon Communications Inc., Vodafone Group PLC, Orange S.A., AT&T Inc., and Cisco Systems (U.S.).
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Comarch SA a major player in B2B telecommunication market, It has designed B2B solution for telecom enterprise, which address challenges related to providing diverse selling strategies to companies of various sizes that comprise small, medium-sized and large multinational corporations. This solution also covers the complexities associated with delivering and supporting a large number of customized products and services. They enable enterprises by helping them manage service level agreements (SLA’s), and handling complex fulfilment process for telecom enterprise customer management.
The end-users of B2B telecommunication service is bifurcated into three categories that comprise small, medium and large enterprises. For example, small enterprises may use this service to make connections with the particular industry by creating a business corner of their website to draw attention of fellow business owners. Further, by doing this they may collaborate for some projects or share industry knowledge.
The adoption of B2B telecommunication service by enterprises have impacted the market in a broad way. Enterprises are reaping benefits by implementing the service, their travel expense is minimized by conducting face-to-face meetings via teleconference. They can connect to potential clients through social media platforms rather than attending industry summits and conferences in person.
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The key factors driving the market include the adoption of the Internet of Things (IoT) across various sectors. IoT technology is gaining traction as it is cost-efficient and offers benefits such as wireless transactions, and machine to machine (M2M) communication to users. Other aspects such as reduced cost of broadband, and data storage service and availability of telecom network in remote areas is further fuelling the market growth.Global B2B telecommunication market is estimated to expand at CAGR of approximately 14% during the forecast period of 2017-2023.
Key Players
Some of the prominent players in the global B2B telecommunication market are Comarch SA. (Poland), Deutsche Telekom AG (Germany), NTT Communications (Japan), and Verizon Communications Inc. (U.S.). Vodafone Group PLC (The U.K), Orange S.A. (France), AT&T Inc. (U.S.), Cisco Systems, Inc. (U.S.), Amdocs Ltd (U.S.), and Telstra Corporation Limited (Australia) are among others.
Segments
The global B2B Telecommunication market is segmented on the basis of solution, deployment, organization size, application, and region. The solution segment consists of unified communication and collaboration, WAN solution, M2M communication, cloud services, VoIP (Voice over Internet Protocol). The deployment segment consists of fixed, mobile. By organization segment, the market is segmented into small & medium enterprises and large enterprises. The application segment consists of industrial, and commercial.
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Regional Analysis
The global B2B telecommunication market is studied in North America, Europe, Asia Pacific, and Rest of the World. North America market accounts for the highest share in the global B2B telecommunication market. Owing to faster adoption of cloud and VoIP services, Asia Pacific is estimated to be the fastest growing in the B2B telecommunication market, the adoption of advanced telecom service in developing nations such as China, India & South Korea and development in the media and entertainment industry.
Intended Audience
Technology Investors
Research/Consultancy Firms
Software Providers
System Integrators
Original Equipment Manufacturers
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