The BFSI industry and the media & entertainment industry would be responsible for a significant share of the global demand for B2B Telecommunication, according to a recent analysis by Future Market Insights. According to Future Market Insights’ report, B2B telecoms earned more than US$ 30 billion in global sales in 2016. By the end of 2026, the worldwide B2B communications market is projected to increase at a CAGR of 13.6% and reach US$ 100 billion.

By the end of 2026, more than one-fourth of all B2B telecommunications revenues worldwide will come from the BFSI industrial vertical, which will produce more than US$ 27 billion.

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.

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Segmentation of the Global B2B Telecommunication Market:

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 Enterprises
Large Enterprises
By Vertical:
BFSI
Healthcare
Media and Entertainment
Government
Energy and Utility
Retail
Transportation and Logistics
Others