[250 Pages Report] Newly released Telecom Enterprise Services Market analysis report by Future Market Insights reveals that global sales of the Telecom Enterprise Services Market in 2021 was held at US$ 202.9 Billion.
With 3.7%, theprojectedmarketgrowthduring2022 to 2032 is expected to be significantly higher than the historical growth. Voice-based Telecom Enterprise Service is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 3.6% during 2022 to 2032.
Attributes
Details
Global Telecom Enterprise Services Market Size (2022)
US$ 211 Billion
Global Telecom Enterprise Services Market Size (2032)
US$ 304.0 Billion
Global Telecom Enterprise Services Market CAGR (2022 to 2032)
3.7%
USA Telecom Enterprise Services Market Size (2032)
US$ 77.5 Billion
USA Telecom Enterprise Services Market CAGR (2022 to 2032)
3.8%
Key Companies Covered
AT&T Inc.
Verizon Communications Inc.
NTT
China Mobile Ltd.
Deutsche Telekom AG
SoftBank Group Corp.
China Telecom Corp Ltd.
Telefonica SA
Vodafone Group
KT Corporation
Bharati Airtel Limited
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Revenue Of Telecom Enterprise Services Market From 2015 To 2021 Compared To Demand Outlook For 2022 To 2032
As per the Telecom Enterprise Services Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2015 to 2021, market value of the Telecom Enterprise Services Market increased at around 4.3% CAGR.
The surge in adoption of cloud-based technologies as well as the telecommunications sector's advancements globally are expected to play a crucial role in providing architectural options to the competitors.
For example, the Filogic 880 & Filogic 380 Wi-Fi 7 network technologies for high-bandwidth solutions in the telecom, retail, enterprise, and consumer electronics industries were unveiled by MediaTek, a multinational fabless semiconductor firm.
This pair of chips would be among the first Wi-Fi 7 options available, allowing device manufacturers to deploy cutting-edge devices with the most up-to-date connection technologies.
Omantel Muscat, a key integrated telecom services provider, established a Memorandum of Understanding with Microsoft to work on delivering business value and advancing ICT innovation to promote the telco's digital growth strategy and optimize and improve services.
This strategic partnership with Microsoft will help to support their ICT transformation initiatives to create a connected community bolstered by innovations, resulting in enhanced customer service for both businesses and consumers.
What Factors Are Propelling Telecom Enterprise Services Demand?
Service providers have been increasingly concentrating on meeting the needs of enterprises. Small and large organizations are utilizing various communication technologies to increase efficiency, resulting in the need for telecom enterprise solutions.
5G allows businesses to test a wide range of concepts, designed to establish, lose early, and learn quickly. It enables the latest iteration of wireless communication enterprise-centric since it allows for innovation without disrupting present operations and faster processing, which translates to shorter testing and deployment timelines, allowing for faster value realization.
The Department of Telecommunications in India recently agreed with TRAI's suggestion that network slices can be used to provide private 5G services to businesses. Telcos can slice their networks and allocate a portion of them to businesses via network slicing.
This will provide businesses complete control over the network, allowing them to tailor the speed and efficiency to their specific requirements. Mobile service providers are currently evolving in their service offerings in the telecom market.
To keep ahead of startups and global telecom service providers, operators throughout the world are experimenting with innovative offers. In 2021, global spending on telecommunications and pay television services was US$ 1.56 Bn, up 1.6% from the previous year.
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Region-Wise Analysis
Which Region is projected to Offer the Largest Opportunity for Telecom Enterprise Services Market?
Asia Pacific accounted for more than 32% of the global market and is predicted to increase at a significant pace. E-commerce and merchant buy-in channels, smartphone prevalence, and spending in 5G networks are driving the regional market.
Due to strong consumer expenditure on mobile phones and early adoption of digital technology, North America contributed to a significant revenue share. Big Data Exchange (BDx), Asia- Pacific's leading data center solutions company, and EXA Infrastructural facilities, Europe's and North America's largest communications infrastructure web service, have signed a partnership that provides businesses with a one-stop shop for digital infrastructure services across the globe.
Rigstar Industrial Telecom USA, a provider of industrial telecom services and BLiNQ Networks, a North American manufacturer of CBRS static and wireless equipment, recently partnered on the development of their personal LTE network in Midland, Texas, with plans for future expansions.
The team deployed BLiNQ's FW-300i base stations, CPEs, and NetLiNQ Access Gateway, which are capable of delivering crucial data in difficult locations. In addition, they will continue to develop their private network service into underserved parts of the Permian Basin that lack access.
Country-Wise Analysis
Which country accounts for the most revenue in Telecom Enterprise Services Market?
The United States is expected to account for the highest market share of US$ 77.5 Bn by the end of 2032 with North America being the dominant player. The key drivers include technological improvements and a spike in the proportion of businesses opting for a private network.
Colt Technology Services announced the opening of its US network, which will connect global corporations and financial institutions to Europe and Asia via an application network that radically rethinks the intercontinental internet services paradigm.
Colt, one of the world’s largest first "alt-nets," has linked 13 big cities in North America, including New York, San Francisco, and Chicago, to the company's extensive Asian and European managed network, which includes over 870 data centers and 26,000 fiber-connected residences. It also connects Colt's banking clients to the world's key financial centers.
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Category-Wise Insights
Which Telecom Enterprise Services Solution is projected to Witness the Fastest Growth among Telecom Enterprise Services Type?
Revenue throughthe Voice segment is forecasted to grow at the highest CAGR of over 3.6% during 2022-2032. During the projected timeline, conventional telecom services including such voice-based solutions are likely to continue to be the leading contributor to the worldwide telecoms enterprise services market.
New capabilities extend support beyond phone traffic, allowing agents to sustain the continuity of client conversations across voice, chatting, and e-mail, allowing organizations to enhance productivity, save costs, and satisfy customers.
Windstream Enterprise, a leading managed telecommunication service provider, has created additional omnichannel functionality to its OfficeSuite UC Contact Center Web service, allowing businesses to connect all of their touchpoints and maintain the context of each customer across numerous digital channels.
OfficeSuite UC CCS integrates phone, chat, and text message management into a single interface, giving contact center managers and agents’ greater visibility and control.
AppSmart, the channel-led "one-stop shop for all business-to-business technical support," recently announced that it has finished the merger of master agency World Telecom Group into its business and rebranded the united team as AppSmart.
AppSmart offers top channel leaders' digitalization expertise, purpose-built technology for agencies, and a diverse catalog of solutions, giving consumers a single point of contact for all business technology needs, such as cloud, voice, accessibility, IoT, services, and support.
Which End User of Telecom Enterprise Services is expected to Score the Highest Growth in the Coming Years?
Market revenue throughthe Large Enterprise segment is forecasted to remain the largest revenue-generating category projected to witness a CAGR of 4.6% during 2022-2032. Approximately 4,000 independent telecommunication partners and providers communicate with business end-users through the Telecom Association.
Throughout the projected period, small and medium-sized firms are predicted to grow at the fastest pace. Revenue through the SMEs in the customer telecommunications enterprise services market is anticipated to benefit from a large number of start-ups being established in the domain of IT and ITeS throughout the globe.
Competitive Analysis
Among the leading players in the global Telecom Enterprise Services market are AT&T Inc., Verizon Communications Inc., NTT, China Mobile Ltd., Deutsche Telekom AG, SoftBank Group Corp., China Telecom Corp Ltd., Telefonica SA, Vodafone Group, KT Corporation, and Bharati Airtel Limited.
These market participants are spending in product launches, collaborations, mergers and acquisitions, and expansions in order to obtain a competitive advantage in the sector.
Some of the key developments in telecom enterprise services market include:
In February 2021, AT&T Inc. with Verizon Communications paid roughly USD 70 billion for 5G spectrum to increase network connection for its consumers.
In April 2020, T-Mobile US, Inc. purchased Sprint Corporation, a telecommunications firm located in the United States. The goal of the strategic merger was to establish a strong 5G internet infrastructure in the United States and acquire the greatest market share in both rural and urban regions.
Market Segments Covered In Telecom Enterprise Services Market Analysis
By Solution:
Voice
Data/Internet Service
Wireless/Mobility
Managed Services
Cloud Service
By End-user:
SMEs
Large Enterprises
By Revenue Stream:
Master Agent
Carriers
Others
By Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Frequently Asked Questions
How much is the current worth of the Telecom Enterprise Services Market?
The global Telecom Enterprise Services Market is worth more than US$ 202.9 Bn at present.
What is the sales forecast for Telecom Enterprise Services Market?
The value of the Telecom Enterprise Services Market is projected to increase at a CAGR of around 3.7% during 2022 – 2032.
What was the last 7 year’s market CAGR?
The value of the Telecom Enterprise Services Market increased at a CAGR of around 4.3% during 2015 – 2021.
What is a key trend shaping the growth of the Telecom Enterprise Services Market?
The rising number of mobile customers, the soaring need for high-speed data connectivity, and the expanding desire for value-added managed solutions are shaping the telecom enterprise services industry forward.
At what percentage is sales of Telecom Enterprise Services Market going to register growth in US?
The market for Telecom Enterprise Services Market in US is projected to expand at a CAGR of around 3.8% during 2022 – 2032.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
4. Global Telecom Enterprise Services Market Analysis 2015-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Telecom Enterprise Services Market Analysis 2015-2021 and Forecast 2022-2032, By Solution
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) Analysis By Solution, 2015-2021
5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Solution, 2022-2032
5.3.1. Voice
5.3.2. Data/Internet Service
5.3.3. Wireless/Mobility
5.3.4. Managed Services
5.3.5. Cloud Service
5.4. Y-o-Y Growth Trend Analysis By Solution, 2015-2021
5.5. Absolute $ Opportunity Analysis By Solution, 2022-2032
6. Global Telecom Enterprise Services Market Analysis 2015-2021 and Forecast 2022-2032, By End User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) Analysis By End User, 2015-2021
6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By End User, 2022-2032
6.3.1. SMEs
6.3.2. Large Enterprises
6.4. Y-o-Y Growth Trend Analysis By End User, 2015-2021
6.5. Absolute $ Opportunity Analysis By End User, 2022-2032
7. Global Telecom Enterprise Services Market Analysis 2015-2021 and Forecast 2022-2032, By Revenue Stream
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) Analysis By Revenue Stream, 2015-2021
7.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Revenue Stream, 2022-2032
7.3.1. Master Agent
7.3.2. Carriers
7.3.3. Others
7.4. Y-o-Y Growth Trend Analysis By Revenue Stream, 2015-2021
7.5. Absolute $ Opportunity Analysis By Revenue Stream, 2022-2032
8. Global Telecom Enterprise Services Market Analysis 2015-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2015-2021
8.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Telecom Enterprise Services Market Analysis 2015-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Solution
9.2.3. By End User
9.2.4. By Revenue Stream
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Solution
9.3.3. By End User
9.3.4. By Revenue Stream
9.4. Key Takeaways
10. Latin America Telecom Enterprise Services Market Analysis 2015-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Solution
10.2.3. By End User
10.2.4. By Revenue Stream
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Solution
10.3.3. By End User
10.3.4. By Revenue Stream
10.4. Key Takeaways
11. Europe Telecom Enterprise Services Market Analysis 2015-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
11.2.1.5. Spain
11.2.1.6. Russia
11.2.1.7. BENELUX
11.2.1.8. Rest of Europe
11.2.2. By Solution
11.2.3. By End User
11.2.4. By Revenue Stream
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Solution
11.3.3. By End User
11.3.4. By Revenue Stream
11.4. Key Takeaways
12. Asia Pacific Telecom Enterprise Services Market Analysis 2015-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. India
12.2.1.5. Rest of Asia Pacific
12.2.2. By Solution
12.2.3. By End User
12.2.4. By Revenue Stream
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Solution
12.3.3. By End User
12.3.4. By Revenue Stream
12.4. Key Takeaways
13. MEA Telecom Enterprise Services Market Analysis 2015-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. GCC
13.2.1.2. Rest of MEA
13.2.2. By Solution
13.2.3. By End User
13.2.4. By Revenue Stream
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Solution
13.3.3. By End User
13.3.4. By Revenue Stream
13.4. Key Takeaways
14. Key Countries Telecom Enterprise Services Market Analysis
14.1. U.S.
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Solution
14.1.2.2. By End User
14.1.2.3. By Revenue Stream
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Solution
14.2.2.2. By End User
14.2.2.3. By Revenue Stream
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Solution
14.3.2.2. By End User
14.3.2.3. By Revenue Stream
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Solution
14.4.2.2. By End User
14.4.2.3. By Revenue Stream
14.5. Argentina
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Solution
14.5.2.2. By End User
14.5.2.3. By Revenue Stream
14.6. Germany
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Solution
14.6.2.2. By End User
14.6.2.3. By Revenue Stream
14.7. Italy
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Solution
14.7.2.2. By End User
14.7.2.3. By Revenue Stream
14.8. France
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Solution
14.8.2.2. By End User
14.8.2.3. By Revenue Stream
14.9. U.K.
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Solution
14.9.2.2. By End User
14.9.2.3. By Revenue Stream
14.10. Spain
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Solution
14.10.2.2. By End User
14.10.2.3. By Revenue Stream
14.11. Russia
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Solution
14.11.2.2. By End User
14.11.2.3. By Revenue Stream
14.12. BENELUX
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Solution
14.12.2.2. By End User
14.12.2.3. By Revenue Stream
14.13. China
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Solution
14.13.2.2. By End User
14.13.2.3. By Revenue Stream
14.14. Japan
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Solution
14.14.2.2. By End User
14.14.2.3. By Revenue Stream
14.15. South Korea
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Solution
14.15.2.2. By End User
14.15.2.3. By Revenue Stream
14.16. India
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Solution
14.16.2.2. By End User
14.16.2.3. By Revenue Stream
14.17. GCC Countries
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Solution
14.17.2.2. By End User
14.17.2.3. By Revenue Stream
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Solution
15.3.3. By End User
15.3.4. By Revenue Stream
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. AT&T Inc.
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segment
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.2. Verizon Communications Inc.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segment
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.3. NTT
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segment
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.4. China Mobile Ltd.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segment
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.5. Deutsche Telekom AG
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segment
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.6. SoftBank Group Corp.
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segment
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.7. China Telecom Corp Ltd.
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segment
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.8. Telefonica SA
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segment
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.9. Vodafone Group
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segment
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.10. KT Corporation
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segment
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.11. Bharati Airtel Limited
16.1.11.1. Overview
16.1.11.2. Product Portfolio
16.1.11.3. Profitability by Market Segment
16.1.11.4. Sales Footprint
16.1.11.5. Strategy Overview
16.1.11.5.1. Marketing Strategy
16.1.11.5.2. Product Strategy
17. Assumptions & Acronyms Used18. Research Methodology
