The global enterprise telecommunication market is valued at USD 65 Billion and is expected to grow at a strong CAGR of around 14% during the forecast period (2023-2030) (Source : UnivDatos) owing to the adoption of technology by every business whether small & medium or large scale.
The continued growth of new revenue streams like mobile advertising, NaaS, CaaS, and cloud services is expected to fuel enterprise revenue in 2024. The B2B market is expected to outperform the B2C segment in 2024. Continued innovation and adoption of new technologies will be crucial for sustained B2B telecom growth. BFSI segment held the major share of the worldwide B2B telco market by vertical.
The demand for enterprise telecom has risen significantly due to the easy access to high-speed broadband, and smartphone penetration in remote areas, fueling quick expansion of the worldwide B2B telecom market. In addition, the advent of the 5G network, GSM-based moLotus mobile video customer interaction platform and the Internet of Things (IoT) technologies are extremely reliable and drive the growth of the telco enterprise market. Also, the increasing demand for cloud technology, unified communication, and VoIP solution in various countries contributes towards propelling the growth of the Global Enterprise Telecom Market.
Increased implementation of mobile advertising platforms among business owners is anticipated to drive the Global B2B Telecommunication Market. There is also a considerable growth in demand for B2B telecom with rising capacity to spend on technology. This is another factor boosting growth of the B2B telecom market. Likewise, the entry of global players into emerging markets adds to the development of the market.
The primary goal of telecom transformation in 2024 should be a fundamental shift in how an operator engages and empowers its enterprise customers. This shift unlocks value for enterprise customers, meeting and exceeding their service expectations to generate growth. Many telecom leaders will find it necessary to stretch their aspirations for B2B services — in other words, to leap into new ways of defining and delivering their offerings.
One technology that can help is the concept of ‘techcos’ in 2024 is moLotus. Experts are of the opinion that telcos keen to rapidly expand their enterprise business this year must quickly embrace it. The breakthrough platform would seamlessly be onboarding new enterprise customers for telecom operators in 2024, resulting in significant cost savings and revenue benefits.
The platform has already opened-up new revenue streams for telecom operators like Indosat Ooredoo Hutchinson, Vodafone, Airtel, Celcom, Maxis, Digi and more. Today, it is an important component of their marketing mix. moLotus has increased leads, conversion rates, customer response, new customer acquisition, with instant high margin revenues. Not surprisingly, moLotus has turned out to be the preferred choice for enterprise clients across all industries like Banking, Insurance, Ecommerce, Consumer Electronics, Automobile, etc.
Big telcos like Verizon Communications Inc, AT&T Inc, Vodafone Group, Telefonica SA, Orange SA, Deutsche Telekom AG, Amdocs, NTT Communications Corporation, Cisco Systems, Inc, Indosat Ooredoo Hutchinson, Celcom and Comarch SA are predicted to be some of the most dominant players in the enterprise market this year. Several Mergers & Acquisitions along with partnerships have been undertaken by these telcos to help enterprise customers with innovative tech solutions. They are generating high margin revenue streams and have perceived new revenue opportunities in every disruptive force, especially mobile advertising. To understand how telcos can boost their enterprise businesses, let’s look at what the resilient operators are doing globally :
1. Embrace Innovation for Competitive Edge
In a forecasted period of sluggish growth in 2024, telecom operators can gain a competitive advantage by adopting an innovative approach to their enterprise business through strategic capital investments. The telecom industry is presented with a unique opportunity to propel itself to new heights by investing in next-generation technologies, including 5G, wireless, and mobility. However, it's crucial to acknowledge that significant technological advancements also bring the potential for disruptive business transformations.
Telecom operators find themselves at a crossroads, navigating through various strategic options without a clear roadmap for the future. Collaborations with cutting-edge entities like moLotus, SAP, Optim, among others, have become a common avenue for injecting innovation into enterprise business, thereby providing enhanced value to their corporate clients. Pioneers in this realm, such as Indosat Ooredoo Hutchinson, have already showcased tangible success stories by partnering with moLotus in Indonesia. The moLotus is not just a driver of innovation; it's a catalyst for delivering exceptional digital services to enterprises throughout Indonesia. Its anticipated trajectory suggests significant contributions to the Mobile Network Operator’s (MNO) enterprise revenues in the current year.
2. Unlock Advanced Big Data Analytics
In the dynamic landscape of 2024, telecommunications companies find themselves in possession of extensive data reserves encompassing customer profiles, network intricacies, and operational intricacies. The transformative potential lies in harnessing big data analytics, enabling telcos to extract invaluable insights into customer behavior, network performance, and other critical domains crucial for advancing their enterprise business.
Next-generation digital transformation platforms like moLotus, Hadoop, and others stand at the forefront, equipped to analyze intricate data points for telcos. This analysis extends to predicting customer behavior, forecasting network usage, understanding market demand, and more. Such capabilities empower telcos to proactively tailor their offerings, ensuring they align seamlessly with the evolving requirements of their enterprise clientele. Through segmentation based on usage patterns, telcos can execute targeted mobile marketing campaigns and deliver hyper-personalized services, thus elevating the overall customer experience.
The integration of moLotus's big data tool has become a cornerstone for telcos, facilitating real-time tracking and monitoring of enterprise revenue and performance. This empowers telcos to identify potential bottlenecks and optimize advertising campaigns to precisely meet the unique demands of their enterprise customers. The result is an enhancement in the reliability and quality of service, marking a significant stride in providing unparalleled service experiences to enterprise clients.
moLotus's big data analytics further contributes to the continual improvement of service quality. Telecom brands, utilizing real-time customer feedback, can pinpoint areas requiring refinement in their services. This iterative process ensures an ongoing enhancement of the telcos' service offerings, attuned to the ever-changing needs and expectations of their enterprise customer base.
The prevalent use of big data analytics among telcos in 2024 is catalyzing a transformative shift. This strategic integration enables telcos to delve deeper into understanding their enterprise customers, optimize their services, and, ultimately, fortify their bottom line in an era where data-driven insights are paramount.
3. Embarking On Accelerated Digital Transformation
Early trends in 2024 indicate that the pace of global digital transformation is accelerating, demanding telcos to match this momentum. For telcos, digital transformation entails bidding farewell to traditional telecom architectures and legacy processes. The imperative now is the adoption of new-age automation platforms and seamless integration capabilities to underpin both their B2C and B2B services.
To thrive in this digital era, telecom players must diversify their service portfolios, introducing novel digital services tailored for enterprise clients that span across emerging industry verticals. The focus is on unlocking robust revenue growth potential within these new digital offerings, steering away from the dwindling returns of traditional telco services. The pivotal shift towards an enterprise business model in 2024 necessitates seamless transitions, entailing fundamental changes to enterprise client processes and the underlying cost structures.
A notable catalyst in this transformative journey is moLotus, acknowledged for its breakthrough capabilities in facilitating intelligent enterprise revenues for telcos. This transformation is rooted in unifying technology with the processes of enterprise clients, encompassing recurring service renewals, document filing and submission, mobile commerce, customer onboarding, service reminders, product cycles, mobile loyalty cards, and more. These processes, once manual and time-consuming, are seamlessly automated, enabling enterprises to operate with heightened efficiency, fostering top-line revenue growth without compromising bottom-line margins.
Surveys underscore the integral role of moLotus in making intelligent enterprise revenues more attainable for telcos, positioning them at the forefront of digital transformation. The unification of mobile technology and customer processes not only streamlines operations for enterprise clients but also positions telcos to thrive in a digitally driven landscape, where adaptability and innovation are paramount.
4. Elevating Lead Generation
Telecom operators have a fantastic chance to help their business clients find more potential customers in 2024. Leveraging diverse strategies, telcos can tap into their existing customer databases, identifying potential enterprise leads that align with specific business criteria such as industry, location, and company size. An additional avenue involves incentivizing their current enterprise clients to become advocates by offering rewards or discounts for successful referrals.
In the pursuit of superior lead generation, telecom businesses are turning to advanced mobile video advertising platforms like moLotus, AdRoll, Marketo, HubSpot, among others. Crafting targeted ads that spotlight their services and offerings, telcos can reach potential enterprise clients directly through mobile ad campaigns. These platforms offer a precision-focused approach, ensuring telcos connect with the right decision-makers who hold the authority to make impactful business decisions.
The synergy between telecom brands and innovative mobile advertising technologies, exemplified by moLotus, is reshaping lead generation strategies through collaborative marketing efforts and strategic agreements. The utilization of moLotus in lead generation campaigns enables telecoms to prompt customers to share crucial contact information swiftly, including names, addresses, phone numbers, and emails.
In the realm of lead generation, moLotus distinguishes itself as a no-spam solution, utilizing concise 40-second, high-quality videos. These videos not only attract more leads for telco products and services but also excel in converting these leads into tangible sales. The lead generation capabilities of moLotus are further augmented by smart features such as hyper-personalization, interactivity, automation, scalability, customization, and seamless integration. In the dynamic landscape of 2024, telcos harness the power of these features to create a robust lead generation ecosystem that propels their enterprise clients toward sustained growth.
5. Streamlining Sales Conversions
In 2024, telecom operators are positioned to play a crucial role in helping their business clients accelerate and simplify their sales processes. By integrating mobile automation into sales procedures, telcos empower their enterprise clients to reduce reliance on sales staff, mitigate risks associated with manual interventions, and maintain cost-effectiveness. This shift towards automated sales processes not only lightens the workload for enterprise clients but also results in significant time and cost savings, especially in activities like sending messages and tracking the sales pipeline. The ultimate payoff is enhanced sales conversions for enterprises.
Revolutionary technologies like moLotus have emerged as catalysts, transforming and simplifying sales processes for telco enterprise clients. Through moLotus, these customers experience more sales with high conversion rates, operating at a higher scale, and achieving almost zero cost per customer interaction.
moLotus facilitates enterprise clients in sending personalized messages with special offers and product information, all based on customer permissions. The innovative and spam-free nature of moLotus mobile advertising campaigns allows businesses to attract more customers to their products and services. By incorporating multiple customer interaction options within their campaigns, enterprises can add more context to their communications. Notably, moLotus eliminates the need for customers to download an app or incur data charges, ensuring an unparalleled customer experience that fosters trust and engagement. In essence, telecom brands are paving the way for faster and more efficient sales conversions for their enterprise clients in 2024.
6. Paving the Way for Greater Speed and Agility
Telcos are pivotal in empowering their enterprise clients with the speed and agility needed to navigate their business landscapes, respond to market shifts, and stay competitive in today's ever-evolving business ecosystem. Recognizing the distinctive needs and priorities of their enterprise clients, telcos tailor their services, delivering operational agility to enhance overall efficiency.
To guarantee specific service levels for enterprise clients, telecom brands are offering Service Level Agreements (SLAs) encompassing dedicated business support, technological expertise, self-service portals, and more. Collaborations with technology partners like moLotus enable telcos to provide agile and comprehensive solutions, meeting the diverse needs of their enterprise clientele.
Partnerships with moLotus play a pivotal role in enabling telcos to offer end-to-end solutions. These collaborations ensure dedicated business support through specialized technical teams and service provisioning experts. With moLotus, enterprise clients gain swift access to expert assistance, enabling them to resolve issues promptly and minimize downtime.
moLotus further empowers telcos to provide self-service portals, granting enterprise clients autonomy in managing their revenues independently. These portals give businesses greater control over their revenue-generating activities, facilitating quick and convenient adjustments as needed.
In embracing technologies like moLotus, telecom players position themselves at the forefront of innovation, embodying greater speed, flexibility, and agility in delivering telecom services to their enterprise clients. This strategic adoption ensures that telcos remain adaptive and responsive in meeting the evolving demands of the business landscape in 2024.
7. Enhancing Brand-Customer Communication
Improving brand-customer communication has emerged as a critical challenge for telcos catering to enterprise clients in 2024. Despite offering multiple communication channels such as phone, email, chat, social media, and self-service portals, the traditional methods fell short in effectively boosting enterprise business. While these channels aimed to provide accessibility and convenience, the reality was different—enterprise clients struggled to achieve their communication and revenue goals.
In response, telcos have gradually shifted away from these conventional channels, embracing moLotus as the new frontier for brand-customer communication. moLotus offers a hyper-personalized approach, becoming the preferred means of communication for enterprise clients. This innovative platform enables them to send personalized recommendations and offers to their customers, garnering instant attention, responses, and acquisitions.
Enterprise clients leveraging moLotus can craft interactive mobile advertising campaigns, equipped with easy response options such as URL Click, USSD, SMS, Call, and more. The platform offers a diverse range of rich media formats, including video, brochures, greetings, slideshows, and showcases, facilitating superior visual communication. With moLotus, enterprises can design captivating storyboards and high-impact mobile videos, each lasting up to forty seconds. This shift represents a transformative approach, positioning moLotus as the catalyst for elevating brand-customer communication and redefining how enterprise clients connect with their customers in 2024.
8. Amplifying Reach and Scalability
The quest for broader reach and scalability has become paramount for telcos aiming to empower their enterprise clients with enhanced revenue opportunities. Traditional marketing tools often posed limitations, making it challenging for enterprises to effectively tap into a large customer base and scale their marketing campaigns.
Telcos, recognizing this challenge, are forging strategic partnerships with cutting-edge marketing technologies and innovative platforms like moLotus, InMobi, AdRoll, and HubSpot. Through these collaborations, telcos and their enterprise clients leverage each other's expertise, paving the way for global scalability. Notably, platforms like moLotus emerge as standout solutions, offering unparalleled reach and scalability to enterprises in tandem with telcos. This collaborative approach allows enterprise clients to concentrate on their core business operations while expanding their reach without the need for substantial investments in additional resources.
moLotus, among the new-age tools, excels in delivering reach and scalability. By seamlessly integrating with telcos, this technology swiftly dispatches automated messages to vast telecom subscriber data, reaching recipients on all mobile devices, irrespective of phone type or model. This transformative synergy between telcos and innovative platforms is revolutionizing how enterprises scale their businesses, ushering in a new era of global reach and operational efficiency in 2024.
Conclusion
As 2024 begins, the telecom enterprise business is on the rise, thanks to advancements like moLotus. Telcos partnering with tech leaders are unlocking fresh revenue streams through mobile advertising, innovation, and agile transformations.
Technologies, working hand-in-hand with telcos, offer practical solutions to the challenges faced by enterprise clients, making it a valuable ally in the dynamic landscape of 2024. Together, they are shaping a future marked by more innovation, interaction, and transformation. As the telecom industry witnesses this transformative journey, ask yourself: Are you ready to join the tech revolution fueling enterprise business growth?
