Telecom Enterprise Services Market ? Banking, IT & ITes are Adopting?Sectors

Posted by RASHMI on March 7th, 2019

Vendors operating in the global telecom enterprise services market can benefit from opportunities created by the increasing commercialization of cloud services in traditional markets such as outsourced billing for OTT players, observes Transparency Market Research in a recent report. Companies can also focus on the emerging cloud segment as a means to enter emerging segments such as cloud-based M2M platforms for various industry verticals.

An understanding of critical partnerships and evolving cloud ecosystem and implementing appropriate business models is likely to be vital, as telecom operators shift their focus from communications services business to on-demand ICT capacities service providers.

Traditional telecommunication services such as voice based solutions are expected to remain the leading contributor to the global telecom enterprise services market during the forecast period, while wireless/mobility and data/internet services are expected to outperform the voice solution market in the near future. The segment of wireless/mobility services is anticipated to be the most prominently expanding during the forecast period.

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Based on the end user sector, the global telecom enterprise services market is segmented into small and medium enterprise, and large enterprise. While the segment of large enterprises accounts for a lion’s share in the global market, the segment of small and medium enterprise sector is expanding at a promising pace and is expected to outpace the segment of large enterprises in terms of growth pace over the forecast period. Large numbers of startups being set up in the field of IT and ITeS across the world are expected to contribute to the SME segment.