Telecom Enterprise Services Market: Global Forecast Over 2030
Telecom Enterprise Services Market: Introduction
Transparency Market Research delivers key insights on the
global telecom
enterprise services market. In terms of revenue, the global
telecom enterprise services market is estimated to expand at a CAGR of ~4% during
the forecast period, owing to numerous factors regarding which TMR offers
thorough insights and forecasts in its report on the global telecom enterprise
services market.
The demand for enterprise services is expected to surge in
the upcoming years with the expansion of micro, small, and medium enterprises
(MSMEs) across the world and increase in industrial activity globally. In
addition, more investments in and economic growth of the APAC region, and
increase in worldwide enterprise IT spending across verticals are further
expected to drive the market during the forecast period. The report analyzes
the global telecom enterprise services market and provides estimates in terms
of revenue (US$ Bn) from 2018 to 2030.
Telecom Enterprise Services Market: Key Growth
Drivers
The world is witnessing expansion of Micro, Small, and
Medium Enterprises (MSMEs). Approximately 120 million formal
MSMEs operate across the world, with over 89 million operating
in emerging markets such as India, China, and the developing countries of
Southeast Asia. Formal MSMEs are more common in high-income economies such as
OECD, non-OECD countries, and the EU. The MSME density is increasing at a rapid
pace in low and middle-income economies, especially in the Middle East, Latin
America, Caribbean, South Asia and East Asia, and the Pacific regions. MSMEs
play an important role in employment generation as well as in the GDP of an economy.
They still employ more than one-third of the world’s labor force. MSMEs seek
low-cost and efficient communication solutions with a focus on continuity of
operations and processes, which, in turn, will trigger the growth of the
telecom enterprise services market.
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Moreover, there is extensive industrial activity that is
driving telecom enterprise services. The advent of the IT & ITES industry
across emerging economies has led to an increase in the overall industrial
activity. Banking and IT & ITES are major sectors adopting telecom
enterprise services and mobility solutions to improve the customer experience.
This has led to immense opportunity for global operators to establish and
engage in business with companies operating in these sectors. Bandwidth, both
domestic and international, plays a crucial role in knowledge-based industries
such as BPOs, call centers, and software exports.
In the IT/ITeS industry, the rise in demand for enterprise
connectivity solutions can be attributed to the need for high-speed connectivity,
voice channels, and expansion of BPO/back-office companies, which has led to
the high demand for IP and international private leased circuits. National
e-governance initiatives such as unique identification/social security,
measures for financial inclusion, and improving connectivity in rural areas are
the key factors driving the adoption of telecom enterprise services.
Key Challenges Faced by Telecom Enterprise Services
Market Players
Government rules and regulations may hinder the growth of
the telecom enterprise services market, as telecommunications is a heavily
regulated sector and telecom industry operators are highly sensitive to
uncertainties, which are projected to undermine incentives to invest. Spectrum
and spectrum auction is the most important factor of the sector, as mobile data
traffic continues to increase in all geographies. Around 80% of operators
believe that spectrum release and auction frameworks are likely to be leading
regulatory issues over the next three years. Government rules and regulations
for the telecom industry in emerging economies are highly scrutinized and
stringent in nature. The Government of India has deployed strict regulations
and SOPs to comply with, while auctioning spectrum due to recent scams in
spectrum auction in the country. This also has an impeding effect on the
decision-making procedure by respective governments when dealing in spectrum
auction, thereby hampering the overall telecom enterprise services market in
emerging economies.
Telecom Enterprise Services Market: Key Players
Key players operating in the global telecom enterprise
services market include Advoda Communications, Inc., AT&T, BCM One,
Inc., CenturyLink, Converged Network Services Group, Intelisys Communications,
Inc., Intracom Telecom SA, SoftBank Corp, Telarus Inc., Telecom Brokerage Inc.,
Telecom Brokers, Verizon, Windstream Communications, World Telecom Group, Inc.,
and X4 Solutions.
Global Telecom Enterprise Services Market: Segmentation
Telecom Enterprise Services Market, by Solution
- Voice
- Data/Internet
Service
- Wireless/Mobility
- Managed
Service
- Cloud
Service
Telecom Enterprise Services Market, by Enterprise Size
- Small
& Medium Enterprise
- Large
Enterprise
Telecom Enterprise Services Market, by Revenue Stream
- Master
Agent
- Carriers
- Others
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