B2B Telecommunication Market : Increasing Demand for Efficient Management Practices Report 2026

Recent research conducted by Future Market Insights projects that the global demand for B2B telecommunication will be largely emanating from the BFSI sector and media & entertainment industry. According to Future Market Insights' report, the global revenues from B2B telecommunication surpassed an estimated US$ 30 billion in 2016. By the end of 2026, the global B2B telecommunication market is projected to be valued at US$ 107.47 billion, registering expansion at a 13.6% CAGR. More than one-fourth of the global B2B telecommunication revenues throughout the forecast period will be accounted by the BFSI industrial vertical, which will amount to more than US$ 27 billion by the end of 2026.

Government and administrative bodies, and healthcare organisations such as hospitals and medical research institutes will also considered lucrative industrial verticals for B2B telecommunication, procuring a combined global market value share of nearly 30% by the end of forecast period. Growth in B2B telecommunication revenues from the media & entertainment industry is predicted to be at a faster pace - with a CAGR of 14.7%.

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Unified B2B Telecommunication Services Gaining Traction

Businesses availing B2B telecommunication services are able to select suitable types of solutions, on the basis of facilities provided. While cloud-based B2B telecommunication services currently account for half of the global market revenues, their revenue share is expected to drop over the period of next ten years. Increasing adoption of unified communication and collaboration solutions is predicted to partly instrument the dip in cloud services' global market contribution. By 2026, nearly US$ 25 billion revenues are projected to be harvested globally from sales of unified B2B telecommunication services. Furthermore, the demand for VoIP services, WAN solutions and M2M communication solutions is also expected to grow at steady rate over the next decade.

North America & APEJ - Dominant Regions

In 2016, North America's B2B telecommunication market was valued at an estimated US$ 8.5 billion. Surging adoption of cloud and VoIP services by US-based businesses has been assessed as the key attributor for growing sales of B2B telecommunication services in North America. Although, B2B telecommunication revenues in North America will increase at a 15.3% CAGR. On the other hand, the B2B telecommunication market in Asia Pacific excluding Japan (APEJ) region is projected to register rampant expansion at the highest CAGR of 17.3%. By 2026-end, the APEJ B2B telecommunication businesses will dominate the global B2B telecommunication market with 28.5% global revenue share.

Comparatively, the B2B telecommunication market in Latin America, Eastern Europe and the Middle East & Africa (MEA) region will incur sluggish expansion over the forecast period. Japan's contribution to the global B2B telecommunication market value is estimated to be over US$ 15 billion by the end of 2026, which will be approximately US$ 3 billion higher than the value of Western Europe's B2B telecommunication market.

The report has further profiled key players of the global B2B telecommunication market, which include, NTT Communications Corporation, Vodafone Group PLC, Orange S.A., Telefonica S.A., AT&T Inc., Telstra Corporation Limited, Deutsche Telekom AG, Verizon Communications, and SoftBank-owned Sprint Corporation.

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Global B2B Telecommunication Market - Segmentation

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
Middle East and Africa

By Solution:

Unified Communication and Collaboration
VoIP
WAN
Cloud Services
M2M Communication

By End User:

Small & Medium Enterprise
Large Enterprise

By Vertical:

BFSI
Healthcare
Media and Entertainment
Government
Energy and Utility
Retail
Transportation and Logistics
Others

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.