According to a recent study by Future Market Insights, the BFSI sector and the media & entertainment business will account for a substantial portion of the global demand for B2B telephony. The analysis from Future Market Insights estimates that B2B telecommunications generated global revenues of more than US$ 30 billion in 2016. The global B2B communications market is anticipated to grow at a 13.6% CAGR to reach US$ 100 billion by the end of 2026.
By the end of 2026, the BFSI industrial vertical, which will generate more than US$ 27 billion, will account for more than one-fourth of all B2B telecommunications revenues worldwide.
By the conclusion of the projection period, healthcare organizations like hospitals and medical research institutes, as well as governmental and administrative bodies, would be deemed attractive industrial verticals for B2B telecommunication, accounting for a combined global market value share of about 30%. A CAGR of 14.7% is forecast for growth in B2B telecommunication revenues from the media & entertainment sector.
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Unified B2B Telecommunication Services Gaining Traction
Businesses availing B2B telecommunication services are able to select suitable types of solutions, on the basis of facilities provided. While cloud-based B2B telecommunication services currently account for half of the global market revenues, their revenue share is expected to drop over the period of the next ten years. Increasing adoption of unified communication and collaboration solutions is predicted to partly instrument the dip in cloud services’ global market contribution.
By 2026, nearly US$ 25 billion in revenues are projected to be harvested globally from sales of unified B2B telecommunication services. Furthermore, the demand for VoIP services, WAN solutions, and M2M communication solutions is also expected to grow at a steady rate over the next decade.
North America & APEJ – Dominant Regions
In 2016, North America’s B2B telecommunication market was valued at an estimated US$ 8.5 billion. The surging adoption of cloud and VoIP services by US-based businesses has been assessed as the key attribute for growing sales of B2B telecommunication services in North America. Although, B2B telecommunication revenues in North America will increase at a 15.3% CAGR.
On the other hand, the B2B telecommunication market in Asia Pacific excluding Japan (APEJ) region is projected to register rampant expansion at the highest CAGR of 17.3%. By 2026-end, the APEJ B2B telecommunication businesses will dominate the global B2B telecommunication market with a 28.5% global revenue share.
Comparatively, the B2B telecommunication market in Latin America, Eastern Europe, and the Middle East & Africa (MEA) region will incur sluggish expansion over the forecast period. Japan’s contribution to the global B2B telecommunication market value is estimated to be over US$ 15 billion by the end of 2026, which will be approximately US$ 3 billion higher than the value of Western Europe’s B2B telecommunication market.
The report has further profiled key players of the global B2B telecommunication market, which include, NTT Communications Corporation, Vodafone Group PLC, Orange S.A., Telefonica S.A., AT&T Inc., Telstra Corporation Limited, Deutsche Telekom AG, Verizon Communications, and SoftBank-owned Sprint Corporation.
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Global B2B Telecommunication Market – Segmentation
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East and Africa
By Solution:
- Unified Communication and Collaboration
- VoIP
- WAN
- Cloud Services
- M2M Communication
By End User:
- Small & Medium Enterprise
- Large Enterprise
By Vertical:
- BFSI
- Healthcare
- Media and Entertainment
- Government
- Energy and Utility
- Retail
- Transportation and Logistics
- Others
Table of Content
1. B2B Telecommunication Market- Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1. B2B Telecommunication Market Definition
4.1.2. B2B Telecommunication Market Taxonomy
4.2. Global B2B Telecommunication Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunity
4.3. Value Chain
4.4. Global B2B Telecommunication Market Forecast, 2016-2026
4.4.1. Global B2B Telecommunication Market Size (Value) Forecast
4.4.1.1. Y-o-Y Growth Projections
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