B2B telecommunications systems are used to transmit text, sound, voice, and video, allowing direct communications between businesses. Business-to-business (B2B) telecommunications facilitate two-way communication between companies, businesses or clients. B2B telecommunications platform delivers a comprehensive view where the data and statistics related to orders, cases, and financial information is made visible to customers. Hence, this facilitates easy management of most complex hierarchies that represent the organization structure to access a detailed reporting in context and set up real-time control or split bill policies over service usage. This provides a significant growth in the B2B telecommunication market size.Advent of 5G network and the Internet of Things (IoT) technologies are highly reliable on the network and require efficient resource allocation among various industries, which drive the growth of the market. Moreover, the media & entertainment sector is expected to contribute significant revenue in the market, owing to growing demand for cloud communication, unified communication & collaboration, and VoIP solution in various economies. However, high cost associated with advanced telecommunications systems and concerns associated with cyber breaches over a network are factors that can hamper the growth of the B2B telecommunication market.
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The global B2B telecommunication market is segmented based on solutions, enterprise size, industry vertical, and region. Based on solutions, it is bifurcated into WAN solution, Voice over IP (VoIP), M2M communication, cloud services, and unified communication and collaboration. Based on enterprise size, the market is classified into large enterprise and small and medium enterprises (SME’s). Based on industry vertical, the global market is classified into retail, media & entertainment, energy and utilities, healthcare, transportation & logistics, banking, financial services and insurance (BFSI), and others. Based on region, the global B2B telecommunication market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.The key players profiled in the B2B telecommunication market analysis are Telstra Corporation Limited, Verizon Communications, Inc., Telefonica, S.A., Deutsche Telekom AG, Sprint Corporation (SoftBank Group Corporation), AT&T Inc., Vodafone Group PLC, NTT Communications Corporation, Orange S.A., and Amdocs Ltd.
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KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global B2B telecommunication market size along with the current trends and future estimations to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global B2B telecommunication market industry from 2019 to 2026 is provided to determine the market potential.
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