Growth of MSMEs Propels Global Telecom Enterprise Services Market

The global telecom enterprises services market has been an epicenter for revolutionary ideas over the past decade. The telecom industry itself has evolved from the sides of both consumer and company in terms of growing consumption of mobile data. Operators are now in the midst of diversifying their data streams in order to cater to a larger consumer demographic and thus improve their revenue generation.

The global telecom enterprises services market will exhibit a CAGR of 4.1% between a forecast period of 2015 and 2023. The market was valued at US$148.7 bn in 2014. Owing to multiple growth factors, the global telecom enterprises services market is expected to reach US$217.9 bn in 2023. The key players responsible for the majority of this revenue generation are Telarus Inc., Advoda Communications, Inc., Converged Network Services Group, Intracom Telecom SA, Telecom Brokers, Intelisys Communications, Inc., Telecom Brokerage Inc., WTG Technologies Limited, Business Communications Management, Inc., and X4 Solutions.

High Industrial Activity Drives Global Telecom Enterprises Services Market

The two major factors driving the global telecom enterprises services market currently, are the heightened activity levels of industries in terms of communications and the globally booming sector of micro, small, and medium enterprises (MSMEs). Other drivers of the global telecom enterprises services market include the expansion of new and emerging markets in Asia Pacific and the increase in spending activities in enterprise IT on a global scale and among multiple verticals.

Voice Segment Leads Global Telecom Enterprises Services Market Solutions

The global telecom enterprises services market can be categorized according to solution, end users, revenue, and geography. In terms of solutions, the global telecom enterprises services market was led by the voice segment in 2014, when it had occupied more than 34% of the market. Voice system solutions provide the advantages of improved productivity, lower travel expenses, and most importantly bases itself on the existing legacy system that has been invested into by the enterprise. The voice solutions segment can do so through unified communications and enterprise-level voice services. Other advantages offered by voice solutions include support mobility, enhanced collaboration efforts, and the streamlining of communications. The fastest growth rate among the solutions segments in the global telecom enterprises services market is attributed to the wireless/mobility segment, while the Internet/data service segment is currently the second-largest solutions segment in the market.

Large Enterprises Dominate Global Telecom Enterprises Services Market

With more than 75% of the market held by large enterprises in 2014, the global telecom enterprises services market can expect the segment to retain its lead till 2018. The large-scale enterprises will, however, lose market share to the small and medium enterprise segment, which is currently the fastest-growing segment. This segment is growing rapidly due to a large number of startup being initiated in ITeS and IT sectors all around the world.

North America has held the leading position in the global telecom enterprises services market for quite a while. It held nearly 36% of the market in 2014 owing to the highest penetration rate of mobile services. On the other hand, between 2015 and 2023, APAC and LATAM telecom enterprises services markets are expected to exhibit rapid CAGRs of 6.5% and 7.1% respectively.

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