The North America B2B Telecommunications Market would witness market growth of 18.6% CAGR during the forecast period (2021-2027).
B2B telecommunication can be utilized in a varied form on the basis of the scope, scale, and need of a company. Initially, businesses were restricted to only a basic computer and a telephone. Factors such as constant advancements in technology & modernization, low-cost broadband internet, and data storage facilities have increased the demand for B2B telecommunications. Moreover, an ever-growing number of organizations are utilizing social media platforms to fuel their networking techniques and get a competitive edge.
IP-based communication enables the exchange of voice and data over IP networks. Additionally, IP-based communication provides a wide range of advantages like free voice calls to branch offices, and long-distance voice calls in a linked network.
The region is home to many renowned and well-established companies that are the early adopter of advanced technologies. One of the technologies that have gained higher acceptance among the companies in the region is IoT devices and sensors. These devices enhance the quality of life for people, enable companies to expand their profit margin, and enhance management.
Determinants such as condition-based monitoring, decentralized operations, and predictive maintenance facilitate effective communications between several IoT devices. Furthermore, when the business utilizes video conferencing as an alternative for doing personal meetings, it saves money and time needed for travel. Therefore, these factors are anticipated to augment the growth of the B2B telecommunication market during the forecasting period.
The US market dominated the North America B2B Telecommunication Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $42.24 Billion by 2027. The Canada market is poised to grow at a CAGR of 21.3% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 20.3% during (2021 - 2027).
Based on Solution, the market is segmented into Cloud Services, Unified Communication & Collaboration, VoIP, WAN, and M2M. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises. Based on End User, the market is segmented into BFSI, Media & Entertainment, Retail & E-commerce, Healthcare, Telecom & IT, Government and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global B2B Telecommunication Market is Estimated to Reach USD 159.06 billion by 2027 at a CAGR of 20.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Whirlpool Corporation, Panasonic Corporation, Robert Bosch GmbH, Breville Group Limited, Cookkart, Electrolux AB, SMEG S.p.A., and Miele & Cie. KG.
By Solution
By Organization Size
By End User
By Country
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