The report of Global B2B Telecommunication Market by Solution (VoIP, WAN, Cloud Services, M2M Communication, Unified Communication and Collaboration), Vertical (BFSI, Healthcare, Media and Entertainment, Government, Others), End-User (SMEs, Large Enterprise), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Bn by 2027, at a CAGR of 15.3 % during a forecast period.
The adoption of the IoT, easy access to high-speed broadband, and penetration of the internet in remote areas are some of the major factors driving the growth of the B2B telecommunication market globally. Also, B2B telecommunication solutions have removed the necessity for face-to-face communications, which is anticipated to boost the growth of the B2B telecommunication market. However, the lack of resources is one of the major factors which may restrain the growth of the global market.
Cloud Services segment expected to grow at the highest XX% CAGR during the forecast period.
In Global Market for B2B telecommunication, by solution segment cloud solution sub segment dominated the overall B2B telecommunication market in 2019, accounting for 50.1 % share in terms of value, followed by unified communication, collaboration and VoIP sub segment, respectively.
North America region is expected to account for the largest XX% market share by 2027.
North America region dominated the global market for B2B telecommunication in 2019, accounting for XX.3% share in terms of value, followed by Europe and APAC, respectively. Current developments in the media and entertainment and telecom industries are pushing the growth in China, India, and South Korea. This, in turn, is supporting the speedy growth of the APAC B2B telecommunications market.
Key players operating in the Global B2B Telecommunication Market are Telstra Corporation Limited, Verizon Communications, Inc., Telefonica, S.A., Deutsche Telekom AG, Sprint Corporation (SoftBank Group Corporation), AT&T Inc., Vodafone Group PLC, NTT Communications Corporation, Orange S.A., Amdocs Ltd .
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global B2B Telecommunication Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global B2B Telecommunication Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global B2B Telecommunication Market positioning of competitors.
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