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(Wireless-NewsWire.Com, September 11, 2018 ) 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.
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. Moreover, it helps businesses to remotely access their documents and data. Such factors increase demand for cloud-based deployment in various verticals such as healthcare, media and entertainment, BFSI, education, healthcare, manufacturing, and IT & telecommunication.
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B2B Telecommunication Market: Regional Insights
On the basis of geography, the global B2B telecommunications market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
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.
For instance, in 2016, North America accounted for around 42% of the cloud data center workload worldwide. Moreover, according to the Cisco analysis, in 2015, the cloud traffic was 1891 Exabyte (EB) and is estimated to reach 6844EB by 2020.
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.
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