The global demand for Telecom Cloud Market is presumed to reach the market size of nearly USD 129.15 BN by 2030 from USD 24.62 BN in 2022 with a CAGR of 23.02% under the study period 2023 - 2030.
Telecom cloud is a software-defined, extremely resilient cloud infrastructure that enables telecom to add services more quickly, react faster to changes in demand, and manage their resources more efficiently. It represents the data center resources required to deploy and manage a mobile phone network with data switching capabilities by carrier companies in production operations at scale. Telecom Cloud Operations provides the corporations with the operational intelligence to manage their multi-vendor virtual, physical and SD-WAN networks. Telecom cloud also provides the new core and edge network competencies required for the effective monetizing of the 5G network.
Market Dynamics
IT modernization, which entails the full use of public cloud services for cost-cutting and innovation in a well-established IT ecosystem, is a crucial aspect driving the Telecom Cloud Market's growth. In addition, the rising demand for cloud services and increasing awareness about telecom cloud among corporations are anticipated to enhance the development of this market. Furthermore, the banking, financial services, and insurance verticals are also projected to contribute to the telecom cloud market growth. However, a substantial restraining element for the Telecom Cloud Market is the risk of information loss and stringent telecom regulations.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of telecom cloud. The growth and trends of telecom cloud industry provide a holistic approach to this study.
Market Segmentation
This section of the telecom cloud market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Components
By Industry Vertical
- BFSI
- Retail And Consumer Goods
- Healthcare And Life Sciences
- Government And Public Sector
- Transportation And Distribution
- Media And Entertainment
- Others
By Applications
- Billing And Provisioning
- Traffic Management
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Telecom Cloud market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Telecom Cloud Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the telecom cloud market include NTT Communications Corporation, Singapore Telecommunications Limited, CenturyLink, Inc., Level 3 Communications, Inc., Verizon Communications Inc., BT Group Plc, AT&T Inc., Orange Business Services, Ericsson, Deutsche Telekom. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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