Market scenario:

According to Market Research Future (MRFR), the global B2B Telecommunication Market size is estimated to reach USD 72 million at a CAGR of approximately 14% from 2017-2023 (forecast period). The report illustrates the strengths, opportunities, threats, and future business risks and provides a rigorous analysis of the global market situation with the effects of COVID-19.

B2B telecommunication can be defined as any communication between businesses, businesses and clients, and between clients and clients. B2B telecommunications service providers maintain system data, text, sound, voice, and video for direct business communication.

Comarch SA, Deutsche Telekom AG, Vodafone Group PLC, NTT Communications, Verizon Communications Inc., AT&T Inc., Orange S.A., and Cisco Systems (U.S.) are prominent players in the global B2B telecommunication industry. Comarch SA, a major player in the B2B telecommunication market, has designed B2B solutions for telecom companies addressing the complexities of delivering a variety of sales strategies to companies of various sizes that include small, medium-sized, and large multinational corporations. This solution also incorporates the complexities associated with the delivery and support of a wide range of customized products and services. They enable businesses by helping them manage service level agreements (SLA’s) and manage complex fulfillment processes for telecom enterprise customer management.

The end-users of the B2B telecommunications service are classified into three groups, consisting of the small, medium, and large enterprises. For example, small businesses may use this service to make connections with a specific industry by creating a business corner of their website to attract the attention of their fellow business owners. Furthermore, by doing so, they can collaborate on certain projects or share industry knowledge.

The adoption of B2B telecommunications services by enterprises has had a broad influence on the market. Enterprises reap the benefits of implementing the service, thus minimizing their travel expenses by conducting face-to-face meetings via teleconference. They can bind potential clients through social media channels rather than attend industry summits and conferences in person.

Market Dynamics

The key factors accelerating the market include the adoption of the Internet of Things (IoT) across different industries. IoT technology is gaining popularity as it is cost-effective and provides advantages such as wireless transactions and machine-to-machine (M2M) communication to users. Other factors, such as decreased broadband costs and data storage services and the availability of telecom network in remote areas, further drive market development.

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Segmentation:

The global B2B telecommunication market has been segmented based on solution, deployment, organization size, and application.

Based on the solution, the global B2B telecommunication market has been segmented into unified communication and collaboration, cloud services, WAN solution, M2M communication, VoIP (Voice over Internet Protocol).

Based on deployment, the global B2B telecommunication market has been segmented into fixed, mobile.

Based on the organization, the global B2B telecommunication market has been segmented into small & medium enterprises and large enterprises.

Based on the application, the global B2B telecommunication market has been segmented into industrial and commercial.

Regional Analysis:

Region-wise, the global B2B telecommunication market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.

North America has the most substantial market share in the global B2B telecommunication market. As a result of faster adoption of cloud and VoIP services, Asia Pacific is expected to be the fastest-growing market for B2B telecommunication. Moreover, the adoption of advanced telecom services in developing countries such as China, India, and South Korea, and the growth of the media and entertainment industries will further fuel the growth of the market in the region.

Competitive Outlook:

Some of the main players in the global B2B telecommunication market are Comarch SA. (Poland), Orange S.A. (France), Deutsche Telekom AG (Germany), and Verizon Communications Inc. (U.S.). Vodafone Group PLC (The U.K), AT&T Inc. (U.S.), Cisco Systems, Inc. (U.S.), NTT Communications (Japan), Amdocs Ltd (U.S.), and Telstra Corporation Limited (Australia) are among others.

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Table of Contents:

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continued….

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