The global market for telecom enterprise services displays a highly competitive landscape, states a new research report by Transparency Market Research (TMR). The leading players, such as X4 Solutions, WTG Technologies Ltd., Intelisys Communications, Intracom Telecom, and Advoda Communications, are relying upon product innovation and advancements in technologies for the further development of their business. Mergers, acquisitions, and collaborations are expected to surface as the most popular strategy among the key vendors of telecom enterprise services in the years to come, states the research report.
According to the research report, the global market for telecom enterprise services, which was worth US$148.7 bn in 2014, is anticipated to rise at a CAGR of 4.10% over the period from 2015 to 2023 and reach a value of US$217.9 bn by the end of the forecast period. The demand for voice solutions has been higher than other telecom enterprise services and is projected to remain so throughout the period of the forecast, notes the market study.
Large Enterprise to Remain Leading End User of Telecom Enterprise Services
The report has considered large enterprises and small and medium enterprises (SMEs) as the key end users of telecom enterprise services across the world. Among these, the demand for these services is much higher from large enterprises. Although the trend will continue in the near future, the most promising growth rate will be displayed by SMEs, thanks to the increasing number of startups in IT and ITeS across the world.
A geographical analysis of the global telecom enterprise services market has also been offered in this study. As per the report, the Middle East and Africa, North America, Latin America, Asia Pacific, and Europe are the prime regional markets for telecom enterprise services across the world. With a share of 36%, North America acquired the dominance in the global market in 2014. Researchers anticipate this regional market to continue on top over the forecast period, states the research report.
Increasing Awareness about Benefits of Location-based Marketing and Advertising to Drive Demand
According to a research analyst at TMR, “the significant rise in micro-, small-, and medium-sized enterprises (MSMEs) and the increasing industrial activities are the main driving force behind the growth of the global telecom enterprise services market.” As enterprises are becoming increasingly aware of the potential benefits of location-based marketing and advertising, the demand for these services is likely to witness an upswing in the near future.
The rising investments by SMEs and large enterprises are also projected to boost the global market over the forecast period. However, the risk of data security breach and the stringent government regulations may create obstructions in the growth trajectory of the worldwide market for telecom enterprise services over the years to come, reports the study.
The study presented here is based on a report by Transparency Market Research (TMR), titled “Telecom Enterprise Services Market (Solution - Voice, Data/Internet Service, Wireless/Mobility, Managed Service, and Cloud Service; End User - Small and Medium Enterprise and Large Enterprise; Revenue Stream - Mater Agent and Carriers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015-2023.”
The global telecom enterprise services market has been segmented as follows:
- Data/Internet Service
- Managed Service
- Cloud Service
By End User
- Small and Medium Enterprise
- Large Enterprise
By Revenue Stream
- Master Agent
- 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
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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