Telecom Cloud Market

Global Telecom Cloud Market touched USD 19.1 Billion in 2020 and is estimated to reach USD 95.6 Billion in 2028, the market is forecast to grow at a CAGR of 22.3% during 2021 to 2028.

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Major Telecom Cloud Market Drivers

Rising number of mobile subscribers, increasing inclination towards next-generation technologies, emerging need for a high-speed data services and accelerating penetration of smartphones are the chief drivers fueling the telecom cloud market. Telecom cloud helps in faster deployment and scalability of services along with reducing capital and operational expenses, which will further strengthen the market size. In addition, the Telecom Cloud Market report projects that the emerging need to access data from anywhere, increasing awareness about telecom cloud and growing drift towards virtual environments are projected to propel the market growth. Factors such as growing reliance on telecom, advancements in cloud computing, flexibility & cost-efficiency of telecom cloud services and rising demand for over-the-top cloud services and unified communication solutions will drive the market growth. However, as per the Telecom Cloud Market Forecast, strict telecom norms, risk of data loss, and regulatory concerns will restrain the market growth over the upcoming years.

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Components – Segment Analysis

Solution segment is forecast to witness a promising CAGR over the forecast period, owing to the accelerating penetration of internet and mobile devices. Rapid digitalization across the organizations across several end-use industries, increasing media content, and rising number of online users are anticipated to fuel the market growth. Emerging need to leverage advanced technologies to improve business agility and achieve operational effectiveness has propelled the telecom cloud market size.

Industry Vertical – Segment Analysis

BFSI vertical is expected to register a higher CAGR growth over the forecast period, owing to the growing need for telecom cloud to improve customer communication, staff training, and education. Also, telecom cloud services improve customer experiences by allowing face-to-face interaction with the employees, augmenting the market size.

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Regional – Segment Analysis:

North America is estimated to emerge as the fastest growing nation over the forecast period, owing to the rising allowance and investment in data centers. Increasing adoption of telecom cloud services to improve communication and accelerating penetration of smart mobile devices because of the consumerization of IT will contribute to the regional growth. Increasing investment in 5G services and infrastructural development across Japan, India, and China have helped Asia Pacific to expand at a higher CAGR globally.

Top Market Players

Various notable players operating in the market, include, AT&T Intellectual Property., BT, Verizon, Vodafone Group, AWS, Nippon Telegraph and Telephone Corporation, Telefonica S.A, Microsoft, Emirate Tele Group Company PJSC, Google, among others.

Key Developments:

• • In Dec 2020, SK Telecom introduced SKT 5GX Edge, a 5G edge cloud service. It will help users with ultra-low latency for data-driven services by connecting it to the AWS Wavelength Zones incorporated in SK Telecom’s telecommunications offices in South Korea.
  • In June 2020, Google established a cloud region in Spain to leverage Telefonica’s Madrid regional infrastructure. This is intended to help economic recovery of nation post-COVID-19 by prompting the digitalization of companies and supporting Spain’s public administration.
  • In September 2020, AT&T collaborated with Microsoft entered, making Microsoft AT&T’s a preferred cloud provider for non-networking applications. AT&T, in its public statement, mentioned that it would shift most of its non-network workloads to Azure by 2024.
  • In April 2020, Blue Jeans Network, Inc. cloud-based video conferencing service vendor and event platform headquartered in California, United States was acquired by Verizon Communications Inc. The acquisition helped Verizon to extend its cloud-based unified communication portfolio.

Segments covered in the Report:

The global Telecom Cloud Market has been segmented on the basis of Components, Industry Vertical, Applications, and regions. Based on Components, the market is segmented into Solution and Service. Based on Industry Vertical, the market is segmented into Healthcare and Life sciences, Transportation and Distribution, Government and Public Sector, Retail and Consumer Goods, BFSI, Media and Entertainment and Others. Based on Applications, the market is segmented into Computing, Enterprise Application, Achieving, Data Storage and Others. Based on Service, the market is segmented into Iaas, SaaS, and PaaS

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Market Segmentation

Global Telecom Cloud Market by Components

• • Solution
  • Service

Global Telecom Cloud Market by Industry Vertical

• • Healthcare and Life sciences
  • Transportation and Distribution
  • Government and Public Sector
  • Retail and Consumer Goods
  • BFSI
  • Media and Entertainment
  • Others

Global Telecom Cloud Market by Applications

• • Computing
  • Enterprise Application
  • Achieving
  • Data Storage
  • Others

Global Telecom Cloud Market by Service

• • Iaas
  • SaaS
  • PaaS

Global Telecom Cloud Market by Region

• • North America Telecom Cloud Market (Option 1: As a part of the free 25% customization)

    • By Components
    • By Industry Vertical
    • By Applications
    • By Service
    • US Market All-Up
    • Canada Market All-Up

  • Europe Telecom Cloud Market (Option 2: As a part of the free 25% customization)

    • By Components
    • By Industry Vertical
    • By Applications
    • By Service
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Telecom Cloud Market (Option 3: As a part of the free 25% customization)

    • By Components
    • By Industry Vertical
    • By Applications
    • By Service
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Telecom Cloud Market (Option 4: As a part of the free 25% customization)

    • By Components
    • By Industry Vertical
    • By Applications
    • By Service
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AT&T Intellectual Property.
  • BT
  • Verizon
  • Vodafone Group
  • AWS
  • Nippon Telegraph and Telephone Corporation
  • Telefonica S.A
  • Microsoft
  • Emirate Tele Group Company PJSC
  • Google