The Telecom Enterprise Services Market is anticipated to grow between 2022 and 2032 at a CAGR of 3.7%, with revenues set to reach US$ 211 billion in 2022, according to a report recently released by Future Market Insights. By the end of 2032, the market is anticipated to be worth US$ 304 billion. Revenue from voice-based telecom services is anticipated to increase by 3.6% CAGR from 2022 to 2032.
Rising investment in 5G infrastructure rollout is one of the primary drivers propelling the market, owing to a shift in customer preference toward upcoming innovations and mobile platforms. Other potential market drivers include an increase in mobile users, a surge in the market for high-data connectivity, and an increase in demand for value-added managed services. OTT service providers are also broadening the overall scope of their products, affecting a variety of business sectors.
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The telecommunications industry has undergone tremendous change in the last decade. The need for a high-speed connection, voice channels, and the rise of BPO/back-office firms have all contributed to an increase in demand for IP and global private-leased circuits. National e-governance initiatives, such as unique identification/social security, financial inclusion measures, and expanding connectivity in rural areas, are encouraging the use of telecom enterprise services.
Furthermore, considerable industrial activity is also propelling telecom enterprise services. The emergence of IT & ITES business in emerging nations has resulted in a rise in total industrial activity. Banking and IT & ITES are two significant industries that are implementing telecom enterprise services and connectivity solutions to improve the client experience. This has created enormous opportunities for global operators to develop and conduct business with enterprises operating in these industries. RecVue announced the RecVue Agile Monetization Platform (RAMP360), which represents a real distillation of the company’s dedication to innovation and the goal of enabling major organizations to accelerate development and profitability in the digital economy.
Competitive Landscape
The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Telecom Enterprise Services Market are focused on R&D to produce innovative technological solutions.
- In February 2021, AT&T Inc. with Verizon Communications paid roughly USD 70 billion for 5G spectrum to increase network connection for its consumers.
- In April 2020, T-Mobile US, Inc. acquired Sprint Corporation, with an objective to establish a strong 5G internet infrastructure in the United States and acquire the greatest market share in both rural and urban regions.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Telecom Enterprise Services Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Telecom Enterprise Services Market in terms of Solution (Voice, Data/Internet Service, Wireless/Mobility, Managed Services, Cloud Service), By End-user (SMEs, Large Enterprises), By Revenue Stream (Master Agent, Carriers, Others) across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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Market Segments Covered In Telecom Enterprise Services Market Analysis
By Solution:
- Voice
- Data/Internet Service
- Wireless/Mobility
- Managed Services
- Cloud Service
By End-user:
- SMEs
- Large Enterprises
By Revenue Stream:
- Master Agent
- Carriers
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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.
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