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.
In terms of end-user, the large enterprise segment with over 74.9% share in 2016 was the largest market in the overall telecom enterprise services market in terms of revenue. Over the report’s forecast period, however, the segment of small and medium-sized enterprises is anticipated to expand at the most promising pace during 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 global SME end user telecom enterprise services market.
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Demand for enterprise services is expected to surge in coming years with the expansion of micro, small, and medium enterprises (MSMEs) and the vast rise in industrial activities across the world. In addition, increased influx of investment in the industrial sector and steady economic growth of emerging markets in countries in the APAC region and increase in worldwide enterprise IT spending across several verticals are further expected to drive the growth of this market over the forecast period.