ICT RESEARCH REPORTS Business-to-Business-Telecommunication-Market | Page 2

Internet of Things enables physical objects, also known as smart devices, to connect and
collaborate with each other without any human intervention. IoT devices can track an object,
collect and analyze data, and take required actions. It can also be used to monitor activities of
that object along with its progress in a specific time period.
The adoption of IoT devices in B2B communication offers various advantages such as
optimization of customer experience by using real-time insight about their behaviors, which
further helps in improving customer relationship.
Moreover, it boosts internal operational collaboration, efficiencies, and processes by integrating
and sharing data across departmental and/or geographic boundaries. It also helps in gaining the
insights from the real-time data, which further help the organizations to create a custom
message for every customer and communicate with them at a time when they are looking for
relevant information. Such features and adoption of IoT technology is expected to drive growth of
the
market
over
the
forecast
period
(2018-2026).
Browse More About the Market Study @
https://www.coherentmarketinsights.com/ongoing-insight/business-to-business-b2b-telecommunication-market-2090
B2B Telecommunication Market: Segment Trends
Among the deployment model, cloud-based segment exhibited significant growth in the market
with highest CAGR over the forecasted period. This is owing to increasing adoption of cloud-
based deployment owing to several benefits such as fast accessibility, flexibility, cost
effectiveness, and others. Moreover, it helps businesses to remotely access their documents and
data. Such factors increase demand for cloud-based deployment in various verticals such as
healthcare, media and entertainment, BFSI, education, healthcare, manufacturing, and IT &
telecommunication. For instance, according to the Cisco’s analysis, in 2014, workload density
over the cloud was 5.1ZB and is expected to increase to 8.4ZB by 2019.
B2B Telecommunication Market: Regional Insights
On the basis of geography, the global B2B telecommunications market is segmented into North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
The market for B2B telecommunications in North America is expected to account for the largest
share over the forecast period. Organizations of North America are focused on shifting business
workload to cloud environment and this is one of major driving factors for growth of the B2B
telecommunication in these particular region.
For instance, in 2016, North America accounted for around 42% of the cloud data center
workload worldwide. Moreover, according to the Cisco analysis, in 2015, the cloud traffic was
1891 Exabyte (EB) and is estimated to reach 6844EB by 2020.