B2B Telecommunication Market: Current Analysis and Forecast (2023-2030)
Emphasis on Solution (Unified Communication and Collaboration, VoIP, WAN, Cloud Services, M2M Communication); Vertical (BFSI, Healthcare, Media & Entertainment, Government, Retail and Others); End-Users (Small & Medium Enterprise and Large Enterprise); and Region/Country
The global B2B telecommunication market was valued at USD 65 Billion and is expected to grow at a strong CAGR of around 14% during the forecast period (2023-2030) owing to the adoption of IOT technology by every business whether small & medium or large scale. B2B telecommunication refers to a type of communication between businesses. This form of communication is different from communication between businesses and clients or clients and clients. In addition, these communications can take place in several mediums comprising voice, sound, video, fax, e-mail, radio and instant messaging, which enable one-to-one communication between businesses. Furthermore, marketers are increasingly utilizing telecommunication platforms to enhance the visibility of their company within the market and explore different networking opportunities.
The demand for B2B telecommunication has risen dramatically due to the easy access to high-speed broadband, dissemination and penetration of the web in remote areas, and availability of storage devices are fueling the rapid expansion of the global B2B telecommunication market. In addition, the advent of the 5G network and the Internet of Things (IoT) technologies are extremely reliable on the network and require efficient resource allocation among various industries, which drive the growth of the market. Also, the growing demand for cloud communication, unified communication & collaboration, and VoIP solution in various economies contributes towards positively propelling the growth of the Global B2B Telecommunication Market. Furthermore, increased implementation of social media platforms among business owners is anticipated to drive the Global B2B Telecommunication Market. There is also significant growth in demand for B2B telecommunication as of rising capacity to spend more on technology is another key factor driving revenue growth of the global B2B telecommunication market. Likewise, the entry of global players into emerging markets adds to the development of the market.
Verizon Communications Inc, AT&T Inc, Vodafone Group, Telefonica SA, Orange SA, Deutsche Telekom AG, Amdocs, NTT Communications Corporation, Cisco Systems, Inc, and Comarch SA are some of the key players in the market. Several M&A’s along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies. For instance, in December 2021, Comarch S.A signed a memorandum of understanding with IS-Wireless, a developer of software-defined 4G and 5G mobile networks. Under this agreement, the businesses would integrate their development plans, consisting BSS, OSS, and SMO designed and delivered by Comarch S.A in conjunction with 4G and 5G technology comprising of Core, RAN, and MANO by IS-Wireless. Additionally, the mixing would deliver fully practical mobile networks supported by the Open RAN model.
Insights Presented in the Report
“Amongst solution, cloud services category to witness higher CAGR during the forecast period”
Based on solution, the market is segmented into unified communication and collaboration, VoIP, WAN, cloud services, M2M communication. Among these, the cloud services offered to public is to witness higher growth during the forecast period owing to the fact that public deployment mode is the most acknowledged deployment model due to ease of access and lower costs. Cloud services are growing due to increased automation and agility, the necessity to deliver enhanced customer experience and increased savings and return on investments. Similarly, rise in the adoption of remote based work culture and growth in the requirement for cloud-based business continuity tools and services. The Covid-19 outbreak has also increased growth of the cloud services market, owing to the accelerating demand for the cloud to support various important applications in e-commerce and remote work culture for seamless business operations.
“Amongst end-users, small and medium enterprise category to witness higher CAGR during the forecast period”
Based on end-users, the market is categorized into small & medium enterprise and large enterprise. Among these, the small & medium enterprise segment is expected to grow at a rapid pace during forecast period as of its diverse use in industries, corporate, and other organizations. Cloud-based services have become pivotal for every business and its efficient operations.
Global B2B Telecommunication Market Report Coverage
Report Attribute | Details |
Base year | 2022 |
Forecast period | 2023-2030 |
Growth momentum | Accelerate at a CAGR of 14% |
Market size 2022 | USD 65 billion |
Regional analysis | North America, Europe, APAC, Rest of the World |
Major contributing region | Asia-Pacific is expected to grow at the highest CAGR during the forecasted period |
Key countries covered | U.S., Canada, Germany, U.K., France, Italy, Spain, China, India, Japan |
Companies profiled | Verizon Communications Inc, AT&T Inc, Vodafone Group, Telefonica SA, Orange SA, Deutsche Telekom AG, Amdocs, NTT Communications Corporation, Cisco Systems, Inc, and Comarch SA |
Report Scope | Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling |
Segments Covered | By Solution; By Vertical; By End-Users; By Region/Country |
“North America dominated the B2B Telecommunication Market in 2022”
The global B2B telecommunication market in North America account for the significant share but Asia-Pacific is anticipated to expand over the forecast period. Owing to surge in adoption of IoT and cloud-based products. In addition, with presence of great competition among market players, which ultimately results in better product offering and helps in attaining maximum customer satisfaction with services is the reason for market growth in this region.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global B2B telecommunication market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the B2B Telecommunication Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global B2B telecommunication market were the three major steps undertaken to create and analyze the adoption of B2B telecommunication in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global B2B telecommunication market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the B2B telecommunication market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the B2B telecommunication market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as solution, vertical, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the B2B telecommunication market. Further, we conducted factor analysis using dependent and independent variables such as solution, vertical, and end-users of the B2B telecommunication market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the B2B telecommunication market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global B2B telecommunication market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the B2B telecommunication market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global B2B telecommunication market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global B2B telecommunication market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of solution, vertical, and end-users in the global B2B telecommunication market.
The main objective of the global B2B telecommunication market Study
The current & future market trends of the global B2B telecommunication market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the B2B telecommunication market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of solution, vertical, and end-users.
- Define and analysis of the regulatory framework for the B2B telecommunication
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the B2B telecommunication market for the major region.
- Major countries of regions studied in the report include North America, Europe, Asia Pacific and the Rest of the World.
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the global B2B Telecommunication market?
Q2: What are the driving factors for the growth of the global B2B Telecommunication Market?
Q3: Which segment has the largest share of the global B2B Telecommunication market by Vertical?
Q4: What are the emerging technologies and trends in the global B2B Telecommunication market?
Q5: Which region will dominate the global B2B Telecommunication market?
Q6: Who are the key players operating in the global B2B Telecommunication market?
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