According to a new report published by UnivDatos, the B2B Telecommunication Market was valued at USD 65 billion in 2022 & is expected to grow at a CAGR of 14% from 2022-2030. The analysis has been segmented into Solution (unified communication and collaboration, VoIP, WAN, cloud services, M2M communication); Vertical (BFSI, healthcare, media & entertainment, government, retail, and others); End-Users (small & medium enterprise, and large enterprise); Region/Country.

The B2B telecommunication market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the B2B telecommunication market. The B2B telecommunication market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the B2B telecommunication market at the global and regional levels.

Key Market Dynamics

B2B telecommunication refers to a type of communication between businesses. This form of communication is different from communication between businesses and clients or clients and clients. In addition, these communications can take place in several mediums comprising voice, sound, video, fax, e-mail, radio and instant messaging, which enable one-to-one communication between businesses. Furthermore, marketers are increasingly utilizing telecommunication platforms to enhance the visibility of their company within the market and explore different networking opportunities.

The demand for B2B telecommunication has risen dramatically due to the easy access to high-speed broadband, dissemination and penetration of the web in remote areas, and availability of storage devices are fueling the rapid expansion of the global B2B telecommunication market. In addition, the advent of the 5G network and the Internet of Things (IoT) technologies are extremely reliable on the network and require efficient resource allocation among various industries, which drive the growth of the market. Also, the growing demand for cloud communication, unified communication & collaboration, and VoIP solution in various economies contributes towards positively propelling the growth of the global B2B telecommunication market. Furthermore, increased implementation of social media platforms among business owners is anticipated to drive the Global B2B Telecommunication Market. There is also significant growth in demand for B2B telecommunication as rising capacity to spend more on technology is another key factor driving revenue growth of the global B2B telecommunication market. Likewise, the entry of global players into emerging markets adds to the development of the market.

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The global B2B telecommunication market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated:

·        Based on solution, the market is segmented into unified communication and collaboration, VoIP, WAN, cloud services, M2M communication. Among these, the cloud services offered to public is expected to witness highest growth during the forecast period because public deployment mode is the most acknowledged deployment model due to ease of access and lower costs. However, private cloud segment is anticipated to witness higher growth, as private organizations are implementing the cloud services for asset building. Cloud services are growing due to increased automation and agility, the necessity to deliver enhanced customer experience and increased savings and return on investments. Similarly, rise in the adoption of remote based work culture and growth in the requirement for cloud-based business continuity tools and services.

·        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.

·        On the basis of end-users, the market is categorized into small & medium enterprise and large enterprise. Among these, the large enterprises dominated the market, but the small & medium enterprise segment is expected to grow at a rapid pace during forecast period as of its diverse use in industries, corporate, and other organizations. Cloud-based services have become pivotal for every business and its efficient operations.

B2B Telecommunication Market Geographical Segmentation Includes:

·        North America (U.S., Canada, and the Rest of North America)

·        Europe (Germany, UK, France, Italy, Spain, Rest of Europe)

·        Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific)

·        Rest of the World

Asia-Pacific region is expected to dominate the B2B Telecommunication market during the forecast period. Owing to surge in adoption of IoT and cloud-based products. In addition, the presence of great competition among market players, which ultimately results in better product offering and helps in attaining maximum customer satisfaction with services is the reason for market growth in this region.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analyst’s sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the B2B Telecommunication market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Recent Developments:

·        In September, 2023- AT&T recently introduced new AT&T Internet Air home fixed wireless service and collaborated with AST SpaceMobile to establish a first-ever smartphone-to-satellite phone communication.

·        In June, 2023 - Hyundai Motor Group (HMG) and Vodafone Business recently announced a multi-year extension of their ongoing strategic partnership to provide customers with advanced in-car streaming and infotainment services in over 40 European countries.

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