Global Telecom Enterprise Services Market to Grow at 4.10% CAGR Through 2023

In order to study the various trends and patterns prevailing in the overall market for telecom enterprise services, Market Research Reports Search Engine (MRRSE) has included a new report titled “Global Telecom Enterprise Services Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the Saudi Arabia market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the Saudi Arabia market structure.

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The rapid growth of micro, small, and medium enterprises and growing industrial activities across the globe are some of the key factors that are expected to fuel the growth of the global telecom enterprise service market throughout the forecast period. In addition, the growing awareness regarding the benefits of location-based marketing and advertising is further projected to drive the global market in the near future. As per the research study, the global market for telecom enterprise services was valued at US$148.7 bn in 2014 and is projected to reach US$217.9 bn by 2023. The market is anticipated to exhibit a 4.10% CAGR between 2015 and 2023.

The research study has further segmented the global market for telecom enterprise services on the basis of solution, end use, and revenue stream. Among the major solution categories, the voice segment dominated the market, accounting for a 34% share in the global market for telecom enterprise services in 2014. In the same year, the large enterprises segment led the overall market, holding a 75% share in the global market owing to the growing number of ITeS and IT players around the world. The market size, share, and forecast figures of each segment have been included in the scope of the research study.

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Among the major geographical segments, in 2014, North America dominated the market, accounting for a 36% share in the global market for telecom enterprise services. This region accounts for the highest penetration rate of all major regions. On the other hand, the Asia Pacific market for telecom enterprise services is anticipated to register a 6.50% CAGR between 2015 and 2023. Furthermore, the Latin America market for telecom enterprise services is projected to exhibit a healthy 7.10% CAGR from 2015 to 2023.

The research report on the global market for telecom enterprise services further analyzes the competitive scenario of the market, along with a detailed vendor analysis. The prominent players operating in the market include Telecom Brokers, X4 Solutions, Business Communications Management, Inc., WTG Technologies Limited, Telarus Inc., Advoda Communications, Inc., Converged Network Services Group, Intracom Telecom SA, Telecom Brokerage Inc., and Intelisys Communications, Inc.

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