Business to Business (B2B) Telecommunication Market Driven by Increasing adoption of novel technologies such as Internet of Things (IoT) and Cloud Computing

B2B telecommunications is a form of communications that takes place between companies in different forms such as text, voice, video, emails, and among others. B2B telecommunication providers maintain systems that transmit data, text, sound, and voice and video, which facilitates direct communication between businesses.

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Increasing adoption of novel technologies such as Internet of Things (IoT) and Cloud Computing are some of the factors driving growth of the market
Increasing adoption of IoT devices in various industries such as telecommunication, health, e-commerce, and others is major factor contributing to growth of the market. For instance, according to the Coherent Market Insights’ analysis, the number of IoT connected or installed in 2016 was 17.75 billion and it increased to 20.45 billion in 2017, globally.

Internet of Things enables physical objects, also known as smart devices, to connect and collaborate with each other without any human intervention. IoT devices can track an object, collect and analyze data, and take required actions. 

The adoption of IoT devices in B2B communication offers various advantages such as optimization of customer experience by using real-time insight about their behaviors, which further helps in improving customer relationship.

B2B Telecommunication Market: Segment Trends
Among the deployment model, cloud-based segment exhibited significant growth in the market with highest CAGR over the forecasted period. This is owing to increasing adoption of cloud-based deployment owing to several benefits such as fast accessibility, flexibility, cost effectiveness, and others. 

B2B Telecommunication Market:  Regional Insights

The market for B2B telecommunications in North America is expected to account for the largest share over the forecast period. Organizations of North America are focused on shifting business workload to cloud environment and this is one of major driving factors for growth of the B2B telecommunication in these particular region.

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B2B Telecommunication Market: Competitive Landscape

Key players operating in B2B telecommunication market include, Comarch SA., Deutsche Telekom AG, NTT Communications, Verizon Communications Inc., Vodafone Group PLC, Orange S.A., AT&T Inc., Cisco Systems, Inc., Amdocs Ltd, and Telstra Corporation Limited.

B2B Telecommunication Market: Taxonomy
On the basis of solution:

• Unified Communication and Collaboration
• VoIP
• WAN
• Cloud Services
• M2M Communication
On the basis of deployment model:
• On- premises
• Cloud
On the basis of applications:
• Commercial
• Industrial
On the basis of organization size:
• Small & Medium Enterprise
• Large Enterprise
On the basis of region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

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This release was published on openPR.