Internet transit can be defined as a solution/service of permitting the network traffic to cross or "transit" a computer network. It is typically used to connect a smaller Internet service provider to the larger Internet. In terms of billing, the transit service is charged per MB per second per month. Customers are often required to opt for a minimum volume of bandwidth and usually for a minimum term of service.
The growing adoption of networking solutions is a major factor that drives the Internet transit market in end-user segments such as high-tech & telecom and education. In these industries, the Internet transit is employed to improve network performance, storage, network collaboration, and network monitoring. In addition, growing preference for enhanced cyber safety and security is anticipated to drive the market in the next few years. One of the major factors promoting growth of the Internet transit market is incorporation of VPN networks by several enterprises in order to attain high performance and cost minimization. The maturity of the Internet transit market in recent years has also significantly led the enterprises to adopt the internet protocol (IP) management services to control the networks, thereby augmenting the market.
Internet transit has the capability of providing scalable bandwidth. It can combine the voice, data, and video from multiple platforms on a single platform; encouraging adoption of various Internet-based services. This leads to market growth. The technology considerably meets the increasing traffic requirements, wherein additional capacity is needed. A major requirement for video conferencing, voice over internet protocol (VoIP), is considered as an opportunity for market growth in the next few years due to its dependency on internet connectivity. However, high installation cost of the Internet transit solutions is a major factor likely to restrain the market in the next few years.
The global Internet transit market can be segmented in terms of organization size, end-use industry, and geography. In terms of organization size, the market has been categorized into small & medium enterprises (SMEs) and large enterprises. In terms of end-use industry, the global Internet transit market has been divided into IT & Telecom, BFSI, retail, manufacturing, health care, government, transportation, and others.
Based on region, the global Internet transit market has been classified into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to hold a prominent share in the global market during the forecast period. This dominance is primarily due to presence of several global players in this region, especially the U.S. and Canada. Europe is also estimated to account for a significant market share by the end of the forecast period. Furthermore, Asia Pacific is expected to emerge as a rapidly expanding market for Internet transit from 2018 to 2026. High adoption of Internet-related services and solutions and growing adherence to regulatory compliances are factors driving the Asia Pacific Internet transit market. Developing economies in the Asia Pacific region such as India and China are attracting global players, which is likely to boost the Internet transit market in the region during the forecast period.
Companies are strengthening their position through mergers and acquisitions. They are continuously investing in research and development (R&D) activities to introduce solutions to cater to customers’ changing requirements. Furthermore, providers of Internet transit solutions are planning to invest in advanced technologies such as artificial intelligence (AI) and machine learning in order to provide cost-effective products in the next few years.
Major vendors that offer Internet transit solutions and services across the globe are AT&T Inc., Verizon Communication, Inc., BT Global Services, Orange Business Services, Sprint Corporation, CenturyLink, Inc. and Cisco Systems, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.