Global B2B Telecommunication Market Latest Updates Related To Technological Advancement

B2B (business to business) communication refers to any communications between businesses and clients; clients and clients or business and business. Availability of smartphones and access to high-speed internet has paved way for telecom companies to explore B2B communication services. The global B2B telecommunication market is divided into six regions, such as North America, South America, Asia Pacific, Europe, the Middle East, and Africa.

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Drivers:

Increasing adoption of advanced technologies, such as cloud, Internet of Things (IoT), Voice over Internet Protocol (VoIP), etc., is expected to propel the global B2B telecommunication market over the forecast period growth. For instance, in June 2019, Tata Communications launched B2B Internet of Things (IoT) Marketplace to bring together IoT practitioners and enterprise customers in India on a single platform.

Moreover, increasing demand for (or adoption of) B2B telecommunication services from small and medium sized enterprises (SMEs) is expected to augment the growth of the global B2B telecommunication market. For instance, in February 2021, Just Dial launched its B2B portal, Jd Mart, across various platforms for users.

Restraint:

Hesitant towards adopting advanced technological solutions due to increasing security issues is expected to impede growth of the global B2B telecommunication market.

Opportunities:

Growing demand for IT service among various industry verticals and the advent of IoT and M2M technology is expected to offer lucrative growth opportunities for players in the market.

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Competitive Section:

Key players involved in the global B2B telecommunication market are AT&T, China Unicom, China Mobile, China Telecom, Orange SA, Vodafone Group, Deutsche Telekom AG, Verizon Communications, Verizon Communications, and NTT Communications Corporation.

In February 2021, Wipro Limited announced a five-year strategic partnership with Telefonica Germany / O2 to transform its Business Support Systems and associated Quality Assurance to enable superior customer experience and growth in the B2B market segment.

In February 2021, Bharti Airtel Ltd launched an advertising platform that will connect any brand to its customers.

In August 2020, Creative Peripherals and Distribution Limited launched Ckart, India’s first B2B ecommerce platform for electronics and it peripherals industry.

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