(MENAFN- GetNews) Global B2B Telecommunication Market Report: Information by Solution (Unified Communication and Collaboration), Deployment (Fixed, Mobile), Organization Size (Large, Enterprise), Application (Industrial, Commercial) and regions– Global Forecast to 2023 The global B2B telecommunication market is projected to reach USD 73 Million at a CAGR of over 10% by the end of the forecast period 2019-2023. B2B Telecommunication Market Overview
The intensive growth levels observed in the corporate sector have influenced the demand for B2B telecommunication Market infrastructure growth greatly. Market reports linked to information and communication technology industry have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better. The B2B Telecommunication Market is expected to progress with a 14% CAGR in the duration of the forecast period.
The escalated volumes of text, system data, voice, and video are expected to motivate the development of the B2B telecommunication market. The formulation of plans that can back up diverse selling strategies is expected to create a powerful impetus for market growth. Moreover, the expansion of customized products and services portfolio is expected to create new opportunities for progress in the forecast period.
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Key Players
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.
Segmental Analysis
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.
Competitive Analysis
The competitive outlook for the market is projected to diversify extensively in the coming period. The market competitors find themselves in a promising position with the capacity to handle the pace of change. The contestants are dynamically addressing the challenges to growth and are creating strategies that can have the best overall effect on the market's development. The developments in the market are likely to be fuelled by the rise in investments and product inventions. The market influencers are taking an interest in the making of strong value chains that can yield increased profits. The prospects for growth in the market have ample room for growth in the forecast period. The perceived propensity for the market's growth has improved following the accessibility to positive aspects in the market.
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Industry Updates:
Feb 2019 Zain Bahrain, a principal telecommunications supplier in Bahrain, announced its financial results for the year concluded 31 December 2018, noting a net profit of BD 5.174 million (US$13.688 million), with 20% year-on-year (YoY). The company's enhanced operational operation drives these developments, and profitable data monetization pursuits are concentrating on both the individual customer and Enterprise (B2B).
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