North America was the largest region in B2B Telecommunication Market in 2022 occupying the most significant market share owing to large competitors creating profitable market opportunities by investing heavily in technology and offering state-of-the-art solutions. The market is also growing as a result of rising industrialization, the diversification of industry players, and the need for efficient communication networks to support the region's outsourced activities. With its concentration on research and development and highly qualified workforce, the United States held the highest market share in the region. Furthermore, the cutting-edge telecom services in the region is also being fueled by the quick deployment of 5G. For Instance: AT&T and Verizon have aggressively expanded their 5G coverage in the United States, offering ultra-fast connectivity for businesses. GSMA predicts North America will have 192 million 5G connections by 2025. Additionally, with applications in smart cities, agriculture, and logistics, the US and Canada are leading in IoT technology.
The Asia-Pacific (APAC) region is expected to peak the forecasted period. The market is predicted to expand as a result of several factors, including the growing number of B2B telecommunication service providers in this region, the adoption of advanced telecom solutions in the business sectors of developing countries like China, India, South Korea and an increase in process outsourcing from several Western countries in India's emerging economy. China Mobile, China Telecom, NTT Communications (Japan), Telstra (Australia), and Singtel (Singapore) are major telecommunications providers in the APAC region. In addition, global companies such as Huawei and Cisco have a substantial presence in the Asia-Pacific region. The region is continuously seeing a trajectory advancement in B2B Telecommunication technology market with significant future potential.
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- Based on solution, the market is segmented into unified communication and collaboration, VoIP, WAN, cloud services, M2M communication. The cloud services category is expected to offer rewarding opportunities for the growth and expansion of B2B telecommunication market during the forecast period owing to the wide acceptance of cloud-based services such as Software-as-a-Service, Platform-as-a-Service and Infrastructure-as-a-Service in region of Asia-Pacific, among others. The cloud services provide uplifted business performance due to numerous benefits such as agile deployment, secured management, low cost ownership, utility based sharing model, etc. This category of telecommunications offers higher levels of productivity and flexibility both for businesses and employees. For instance, the IoT industry has been able to initiate, produce and launch new products that are changing the world due to cloud computing.
- Based on vertical, the B2B telecommunication market has been classified into the BFSI, healthcare, media and entertainment, government, retail and others. Among them, the BFSI category to witness higher market share during the forecast period. However, the media and entertainment segment is expected to register high year-over-year growth throughout the forecast period. For Instance, surge in need of digital service among the fintech solution providers is one of the major reason to accelerate the growth for this market.
- Based on end users, the B2B telecommunication market has been classified into Small & Medium Enterprises and Large Enterprises. The Large enterprises held the major market share as their level of operations, dedicated teams and product portfolios are extensive.
Global B2B Telecommunication Market Segmentation
Market Insight, by Solution
- Unified Communication and Collaboration
- VoIP
- WAN
- Cloud Services
- M2M Communication
Market Insight, by Vertical
- BFSI
- Healthcare
- Media & Entertainment
- Government
- Retail
- Others
Market Insight, by End-Users
- Small & Medium Enterprise
- Large Enterprise
Market Insight, by Region
- North America
- US
- Canada
- Rest of North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Verizon Communications Inc
- AT&T Inc
- Vodafone Group
- Telefonica SA
- Orange SA
- Deutsche Telekom AG
- Amdocs
- NTT Communications Corporation
- Cisco Systems, Inc
- Comarch SA
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