A new research study, titled “Telecom Enterprise Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” has been recently published by Transparency Market Research. The research study provides insights into the growth prospects, opportunities, and challenges, along with the competitive landscape of the global telecom enterprise services market.
Browse the full Telecom Enterprise Services Market (By Solution - Voice, Data/Internet Service, Wireless/Mobility, Managed Services, Cloud Service); By End User (SME and Large Enterprise); By Revenue Stream (Master Agent, Carriers, Others (VARs, Telco Agents); By Geography (North America, Europe, APAC, MEA, Latin America)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at https://www.transparencymarketresearch.com/telecom-enterprise-services-market.html
As per the research study, in 2014, the global market for telecom enterprise services was worth US$148.7 bn and is expected to reach US$217.9 bn by the end of 2023. The market is estimated to exhibit a 4.10% CAGR from 2015 to 2023.
In the past few years, there has been a paradigm shift in the services offered by the telecom industry worldwide. The cutthroat competition among the operators is encouraging them to offer attractive schemes to carve out a leading position among the international and new entrants in the telecom enterprise services market. The high rate of industrial activities and the rapid growth of micro, small, and medium enterprises are some of the factors driving the global market for telecom enterprise services. In addition, several enterprises are becoming aware of the advantages of marketing and advertising, which is estimated to fuel the growth of the market in the coming years.
By solution, the global market for telecom enterprise services has been categorized into cloud services, data/internet services, voice, managed services, and wireless/mobility. In 2014, the voice segment accounted for a 34% share in the overall market. The wireless/mobility segment is estimated to grow at a fast pace in the next few years.
By end use, the global market for telecom enterprise services has been classified into large enterprises and small and medium enterprises. In 2014, the large enterprises segment led the market, accounting for a 75% share in the global market for telecom services. However, the segment of small and medium enterprises is expected to witness rapid growth through the forecast period. Numerous startups are being set up in the ITeS and IT field around the world and are projected to drive the global market in near future.
By geography, the global market for telecom enterprise services has been divided into Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. In 2014, North America dominated the market, holding a 36% share in the global market for telecom enterprise services. This region is considered to bear the highest mobile penetration rate across the globe. On the other hand, the telecom enterprise services market in Asia Pacific is estimated to register a 6.50% CAGR and the Latin America market is projected to exhibit a 7.10% CAGR between 2015 and 2023, owing to the high prevalence of potential opportunities in these regions.
Furthermore, the research study covers the vendor analysis and competitive landscape of the global market for telecom enterprise services. Detailed profiles of the major players have been discussed in the study. The prominent players operating in the global market include Intelisys Communications, Inc., Converged Network Services Group, Telarus Inc., WTG Technologies Limited, Business Communications Management, Inc., X4 Solutions, Intracom Telecom SA, Telecom Brokerage Inc., Telecom Brokers, and Advoda Communications, Inc.
Key Segments of the Telecom Enterprise Services Market:
Telecom Enterprise Services Market, by Solution
- Data/Internet Service
- Managed Service
- Cloud Service
Telecom Enterprise Services Market, by End User
- Small and Medium Enterprise
- Large Enterprise
Telecom Enterprise Services Market, by Revenue Stream
- Master Agent
Telecom Enterprise Services Market, by Geography
- North America
- Rest of North America
- EU5 (U.K., Italy, Spain, France, and Germany)
- Rest of Europe
- Asia Pacific (APAC)
- South Asia (India, Pakistan, Bangladesh, & Sri Lanka)
- Australasia (Australia, NZ & Guinea)
- Rest of APAC
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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