Categories: IT & Communication Technology

B2B Telecommunication Market Research, Trends, Overview And Growth Report 2023 – 2032 | Amdocs, AT&T Inc., Cisco Systems Inc., Comarch, Deutsche Telekom AG

The B2B Telecommunication Global Market Report 2023 by The Business Research Company, provides B2B telecommunication market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/b2b-telecommunication-global-market-report

According to The Business Research Company’s B2B Telecommunication Global Market Report 2023, the global b2b telecommunication market size will grow from $65.19 billion in 2022 to $75.66 billion in 2023 at a compound annual growth rate (CAGR) of 16.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the b2b telecommunication is expected to grow to $134.08 billion in 2027 at a CAGR of 15.4%.

The increase in industrialization and urbanization in several countries is expected to propel the growth of the B2B telecommunication market going forward. Industrialization refers to the transformation of a country’s economy from agriculture to mass-production of goods and services using technology through industries. Urbanization, on the other hand, refers to the permanent migration of rural people to cities. B2B telecommunication in industrialization helps in gathering and processing customer data that can be used in targeting advertisements and predicting clients’ behaviors to control the cost of operation, which is essential for industrialization.

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The B2B telecommunication market is segmented:

1) By Solution: Cloud Services, Unified Communication And Collaboration, VoIP, Wan, M2M Communication

2) By Enterprise Type: Large Enterprises, Small And Medium Enterprises

3) By Industrial Verticals: Banking, Financial Serviecs And Insurance (BFSI), Information Technology And Telecom, Media And Entertainment, Healthcare, Government, Retail And Ecommerce, Other Industrial Verticals

Technological innovations are the key trends gaining popularity in the B2B telecommunication market. Major companies operating in the market are introducing new technologies such as SD-WAN an advanced technology to sustain their position in the market. For instance, in July 2021, Airtel India, an Indian-based company operating in telecommunication, and Cisco System Inc., a US-based multinational company operating in telecommunication and IT solutions, combined developed and launched their next-gen connectivity technology Cisco SD-WAN Connect. Cisco SD-WAN Connect provides unique integrated capabilities for multi-cloud, security, unified communications, and other features in a SASE (Secure Access Service Edge) enabled architecture in telecommunication.

The B2B telecommunication market report table of contents includes: