Telecom Enterprise Services Market for Voice, Data/Internet Service, Wireless/Mobility, Managed Services, Cloud Service - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Albany, NY -- (SBWIRE) -- 02/08/2017 -- Transparency Market Research has recently announced the publication of a new market research study made available on the company website. The research report, titled "Telecom Enterprise Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023," throws light on the global telecom enterprise services market across the globe, including a detailed analysis of the major products offered in the market and the competitive scenario. The growth factors, barriers, and market drivers are also included in the scope of the study. The recommendations and insightful inputs by industry experts help the decision-makers design policies efficiently.
According to the research report, in 2014, the global market for telecom enterprise services was worth US$148.7 bn and is estimated to reach a value of 217.9 bn by the end of 2023, exhibiting a healthy 4.10% CAGR between 2015 and 2023.
Telecom operators across the globe are offering new policies and strategies in order to maintain the leading position in the overall market. The growth of micro, small, and medium enterprises (MSMEs) and high industrial activities are some of the key factors that are projected to augment the growth of the market in the next few years.
The global market for telecom enterprise services has been segmented on the basis of solution into cloud services, voice, wireless/mobility, managed services, and data/internet services. In 2014, the voice segment led the market, holding a 34% share in the global telecom enterprise services market. Unified communications and enterprise-level voice services are the key voice services that help enterprises in reducing operating and travel expenses, enhance productivity, and gain the benefits of VoIP. Improving collaboration, streamlining communications, and supporting mobility are some of the major advantages of using the voice solutions. On the other hand, the wireless/mobility segment is estimated to grow at a significant rate throughout the forecast period.
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The global market for telecom enterprise services has been divided on the basis of end use into small and medium enterprises and large enterprises. In 2014, the large enterprises segment dominated the market, holding a 75% share in the overall market for telecom enterprise services. On the other hand, the segment of small and medium enterprises is anticipated to witness rapid growth in the next few years. The rapid growth of this segment can be attributed to the increasing number of startups in the ITeS and IT field worldwide, which is indirectly contributing substantially to the growth of the market.
The global market for telecom enterprise services has been segmented on the basis of geography into Europe, North America, Latin America, Asia Pacific, 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. The Latin America and Asia Pacific regions are estimated to grow rapidly, registering a 7.10% and 6.50% CAGR, respectively, between 2015 and 2013.
Furthermore, the research study has provided a detailed analysis of the major players operating in the global market for telecom enterprise services. The prominent players in the market include Telecom Brokerage Inc., WTG Technologies Limited, X4 Solutions, Business Communications Management, Inc., Telecom Brokers, Advoda Communications, Inc., Intelisys Communications, Inc., Telarus Inc., Intracom Telecom SA, and Converged Network Services Group. The SWOT analysis included in the research study helps new as well as existing players in determining the growth prospects and threats of the market and planning their strategies accordingly.