Media and entertainment segment along with BFSI is anticipated to change the dimension of the global B2B telecommunication market in the years to come
The global B2B telecommunication market is likely to witness a significant growth within the foreseen period owing to the adoption of the Internet of Things (IoT) across various sectors. IoT is one of the fastest growing technologies that is gaining sufficient traction from different industries.
IoT is popular in the market as it is cost efficient and offers benefits such as wireless transactions and machine to machine (M2M) communication to users. Increasing adoption of IoT based solutions is opening new opportunities for connectivity and M2M analytics thereby supporting the growth of the global B2B telecommunication market.
Enterprises are inducting new technologies to improve their businesses. IT service providers are playing a crucial role in this evolution. An emerging trend has minimised the burden of hardware and other complexities faced by businesses. Cloud-based offerings such as Software-as-a-Service, Platform-as-a-Service and Infrastructure-as-a-Service have a broader acceptability in the APAC and Eastern European markets as these services are extremely cost-effective.
The global B2B telecommunication market is anticipated to cross US$ 100 Bn by the end of 2026 and is estimated to record a CAGR of 13.6% during the forecast period. The market is projected to represent a standard absolute dollar opportunity of more than US$ 77 Bn during the assessment period.
Media and entertainment segment expected to register significantly high Y-O-Y growth over the forecast period
Revenue from the media and entertainment segment is expected to expand at a high CAGR over the forecast period. The media and entertainment segment in the global B2B telecommunication market was estimated to be valued around US$ 5,500 Mn in 2016 and is likely to cross US$ 21,000 Mn by the end of 2026. This segment is predicted to register a CAGR of 14.7% between 2016 and 2026.
Increasing adoption of cloud communication, unified communication and collaboration and VoIP solution by large enterprises in the media and entertainment sector is expected to significantly drive revenue growth of the global B2B telecommunication market during the forecast period.
In terms of value, the BFSI segment is projected to be the most attractive segment in the global B2B telecommunication market during the forecast period. However, the media and entertainment segment is anticipated to register high Y-O-Y growth rates throughout the period of forecast.
Regional performance analysis of the media and entertainment segment of the global B2B telecommunication market
In terms of value, North America is projected to be the most attractive market in the global B2B telecommunication market during the forecast period. The APEJ B2B telecommunication market is expected to grow at a CAGR of 17.3% during the assessment period. In terms of value, the U.S B2B telecommunication market is expected to fuel the growth of the North America B2B telecommunication market.
The media and entertainment segment is anticipated to register high Y-O-Y growth rates throughout the forecast period in the North America B2B telecommunication market. In terms of value, this segment is expected to expand at a CAGR of 16.6% by the end of the forecast period. In the APEJ region, the media and entertainment segment is expected to register a CAGR of 18.3% and is also likely to witness high growth rates till the end of 2026.
Apart from these regions, the media and entertainment segment is likely to perform well in Western and Eastern Europe and Japan within the forecast period. In the MEA region, the retail segment and the media and entertainment segment are expected to register high Y-o-Y growth rates through 2026.
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
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