B2b Telecommunication Market Growth Analysis | 2021-26

Market Insights

The b2b telecommunication market is projected to grow from USD 46.4 billion in 2020 to USD 96.0 billion by 2026 at a CAGR of 13.1% during the forecast period.

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What is b2b telecommunication?

B2B telecommunication refers to any type of communication between businesses, as opposed to communication between businesses and clients or clients and clients. These communications can take various forms, such as e-mail, fax, instant messaging, radio, satellite, and so on.

B2B telecommunications providers maintain systems that transmit data, text, sound, voice, and video, allowing businesses to communicate directly with one another.

COVID-19 Impact Analysis

The market has seen significant growth in recent years; however, due to the outbreak of the COVID-19 pandemic, the market is expected to see a sudden increase in demand. This is attributed to governments implementing lockdowns in the majority of countries, effectively shutting down real-world businesses around the world.

Furthermore, most businesses have begun to use B2B communications to transmit information in various forms such as text, sound, voice, and video. Furthermore, most businesses already have business continuity plans in place, but these may not fully address the fast-moving and unknown variables of an outbreak like COVID-19.

Key Players

The following are some of the key players operating in the market-

• Amdocs, AT& T, Inc.
• Cisco Systems, Inc.
• Comarch S.A.
• Deutsche Telekom AG
• NTT Communication
• Orange S.A.
• Telefonica S.A.
• Vodafone Group PLC
• Verizon..

Market Dynamics

The market is driven by a host of factors, some of which are noted below:

• The growing adoption of IoT and increased demand for B2B telecommunication among corporate and government organ organizations.
• Increasing industrialization and urbanization in a number of countries is positively impacting the market.
• The high implementation cost of B2B telecommunication, as well as privacy and security concerns, are impeding the growth.
• On the contrary, during the forecast period, the integration of advanced technology such as artificial intelligence and cloud-based technology is expected to provide lucrative opportunities for market expansion.

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Segment Analysis

Solution Trends

The market has been classified into Cloud Services, Unified Communication & Collaboration, VoIP, WAN, and M2M Communication. Under these, the Cloud Services segment held a significant market share in 2020 & is expected to maintain its dominance during the forecast period. 

Owing to the increasing adoption of cloud-based telecommunication services across various industries in Asia-Pacific and Latin American developing countries.

Regional Analysis

The North American market held the highest market share in 2020 and is projected to grow at the fastest CAGR in the coming years. Because of the increased adoption of IoT and cloud-based products.

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Furthermore, the presence of intense competition among market players, which results in improved product offerings and increased customer satisfaction with services, is the reason for the region's largest market.

However, due to the presence of several large-scale manufacturers and the availability of high-speed communication networks throughout the region, Asia-Pacific is expected to grow significantly during the forecast period.

Segmentation

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Target Audience

The target audience of B2b telecommunication Market includes-

• B2b telecommunication companies
• B2b telecommunication distributors
• Chipset manufacturers
• Cloud service providers
• Commercial banks
• B2b telecommunication/machine learning solution providers

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.