Published Date: 24-Jan-2022
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According to a new report Global B2B Telecommunications Market, published by KBV research, The Global B2B Telecommunications Market size is expected to reach $159.06 billion by 2027, rising at a market growth of 20.2% CAGR during the forecast period.
The Cloud Services market dominated the Global B2B Telecommunication Market by Solution 2020, thereby, growing at a CAGR of 18.6% during the forecast period. Factors such as the rise in the acceptance rate of cloud-based telecommunication services across a wide range of industries in emerging countries are responsible for the growth of this segment.
The Large Enterprises market dominated the Global B2B Telecommunication Market by Organization Size 2020, thereby growing at a CAGR of 19.2% during the forecast period. It is owing to the fact that VoIP enables the one-person operation to showcase the company's reputation to other companies along with providing a streamlined communication approach among companies.
The BFSI market dominated the Global B2B Telecommunication Market by End User 2020, thereby, growing at a CAGR of 18.1% during the forecast period. This technology enables the banks to safely process the growing number of transactions according to the business requirements. With the help of telecommunication, banking institutions have been providing unique services and features to enhance the efficiency and convenience of their business
The North America market dominated the Global B2B Telecommunication Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $58.55 Billion by 2027. The Europe market is anticipated to grow at a CAGR of 19.3% during (2021 - 2027). Additionally, The Asia Pacific market would showcase a CAGR of 22.2% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cisco Systems, Inc., Orange S.A., Comarch SA, Telefonica S.A., Amdocs Limited, Vodafone Group Plc, Deutsche Telekom AG, NTT Data Corporation, AT&T, Inc. (AT&T Intellectual Property), and Verizon Communications, Inc.
By Organization Size
By End User
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