B2B Telecommunication Market 2020
In a world where visibility and networking are the chief determinants of a business’s success, it is natural for the global B2B telecommunication market to grow. And indeed, it is expected to grow by leaps and bounds, by as much as 12.0% over a period of 7 years.
Today, B2B telecommunication is essentially an advanced way for companies to communicate with each other using technologies like electromagnetic, radio, wire or optical systems. Such technologies can seamlessly exchange words, complete messages, sounds, images and even signs.
Not only can information be transmitted via electromagnetic radiation or cables, but cutting-edge processes like multiplexing are taking the business telecom sector to a whole new level. Also known as muxing, this process involves the combining of multiple digital or analog signals to create a single signal via a medium that is shared. When a single wire carries multiple telephone calls, it is multiplexing.
So, this global B2B telecommunication report takes a close look at the important players in the industry, the top countries and regions that affect the market, and the status of the telecom market based on product type.
Market Segment by Top Companies, this report covers
Telstra Corporation Limited
Verizon Communications
Telefonica
Deutsche Telekom AG
Sprint Corporation (SoftBank Group Corporation)
AT&T
Vodafone Group
NTT Communications Corporation
Orange
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Global B2B telecom market segmentation
The B2B telecommunication market, all over the world, enjoys an enviable size owing to the widespread application of its technologies. In other words, a variety of sectors or industries such as healthcare, banking, media, logistics, energy and retail, bank on B2B telecommunication to ensure the smooth functioning of their entities.
Now, companies offering banking, financial and insurance services or those belonging to the BFSI sector has shown intensive usage of B2B telecom techniques and enjoys more than 25% global market share. From 2017 to 2025, the BFSI sector’s share in the B2B telecom market is also expected to rise significantly by 8.54%.
Companies that have contributed to the sharp growth of the B2B telecom market are Verizon Communications, AT&T, Vodafone Group, Sprint Corporation and NTT Communications, among others.
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Global B2B telecom market regional analysis
In 2017, the global B2B telecom market had a total value of 42200 million USD. And by 2023, the value is expected to spike to 83300 million USD, which indicates a CAGR of 12.0%. While the figure is quite impressive, this study focused on different regions or geographies and the roles they play in the B2B telecom market.
The regions that were considered for the report are North America, South America, Europe, Asia Pacific, and Africa and Middle East. It goes without saying that North America, comprising of USA (mainly), Mexico and Canada, will deeply impact the trend of B2B telecommunication. Europe will also play a crucial role in the growth of the global B2B telecom market.
Also, it has been observed that India and China are rapidly growing in this B2B telecom market and Asia Pacific’s share is likely to rise in the coming years too.
All in all, worldwide, business to business telecommunication will only get better and bigger. Constantly improving technology and the increasing need to stay connected and network more will drive this growth.
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