The global Telecom Cloud Market size is projected to grow from $11.5 billion in 2022 to $32.5 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 23.1 % during the forecast period. Growth in 5G paving eMBB, mMTC and URLLC is driving the telecom cloud market growth.
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242 - Tables
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Public segment is estimated to lead the telecom cloud market in 2022
Public cloud refers to computing that shares resources, such as storage, computing, and networking, with external entities outside the organization, depending on the demand. The public cloud deployment model offers various benefits to enterprises. These are scalability, reliability, flexibility, and remote location access.
Large enterprise segment is set to emerge as the larger market during the forecast period
A large enterprise is a business entity employing over 5,000 people. The adoption of telecom cloud in large enterprises is high, which is expected to continue during the forecast period. Large enterprises have complex product development processes and invest heavily in business operations. This is one of the major reasons for adopting cloud-based solutions and services, as they provide a cost-effective approach to managing these functions. This can be achieved due to the availability of substantial assets, global presence, strong market share, and effective business strategies.
NFVI is expected to have a higher growth rate during the forecast period
Organizations are embracing NFV technologies to improve network agility, scale network infrastructure, and lower operational cost. NFV technologies support traditional and next-generation networks, which, in turn, allow network administrators to run networks effectively. NFV technology enables enterprises and service providers to embrace emerging technologies, such as hybrid cloud and edge computing. NFV has become popular in the last couple of years.
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Asia Pacific is projected to grow at the fastest growth rate during the forecast period
In this region, Japan, China, Australia, and India are the key nations with the fastest growth rates. The growing economies, strong growth, and widespread use of mobile and the internet are all present in Asia Pacific. Technological advances and required rules requiring the use of best-in-class standards and technology are predicted to cause the growth to soar.
Market Players
The major vendors covered in the telecom cloud market include (AWS), Microsoft Corporation (Microsoft), International Business Machines Corporation (IBM), Oracle Corporation (Oracle), Nokia Corporation (Nokia), Alphabet Inc. (Google), VMware Inc. (VMware), Intellias Ltd. (Intellias), LM Ericsson Telephone Company (Ericsson), Huawei Technologies Co., Ltd. (Huawei), Telenity Inc. (Telenity), Robin Systems, Inc (Robin.io), ZTE Corporation (ZTE), Juniper Networks Inc (Juniper), Amdocs Limited (Amdocs), Cisco Systems, Inc (Cisco), Virtusa Corporation (Virtusa), Mavenir Systems, Inc. (Mavenir), NFWare Inc. (NFWare), Inmanta NV (Inmanta), UK Cloud Communications Limited (UK Cloud Communications), ACL Digital (ACL), and Alibaba Group Holding Limited (Alibaba).
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Telecom Cloud Market report by MarketsandMarkets™ provides well-organized statistical overview on the basis of trends, market share, applications, growth factors & forecast.According to a new market research report "Telecom Cloud Market by Type (Solution and Service), Application (Billing & Provisioning and Traffic Management), Service Model (SaaS, PaaS, and IaaS), Organization Size, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets™, the Telecom Cloud Market size expected to grow from USD 10.92 Billion in 2016 to USD 30.79 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period.
It offers flexible pricing for products & services and allows managing various types of revenue without constraints.The Unified Communication and Collaboration (UCaaS) solution segment is estimated to dominate the Telecom Cloud Market share during the forecast periodUCaaS is estimated to have the largest market share in the Telecom Cloud Market.
Various features, such as multimedia, unified messaging, conference bridges, presence management, and Customer Relationship Management (CRM) integration are helping improve business functions.
Therefore, with its increasing demand, Telecom Service Providers (TSPs) are providing UCaaS solutions in the market.“Network services are expected to capture the highest market share during the forecast period”The network services of the Telecom Cloud Market is witnessing a potential growth, in comparison to other services, owing to the benefits, such as Local Area Network (LAN)/Wide Area Network (WAN)/Wireless Local Area Network (WLAN) management, Voice over Internet Protocol (VoIP), managed network services, Internet Protocol (IP) contact centre management, network integration, and network implementation services.“North America is the leading region, in terms of market share in the Telecom Cloud Market space”North America is expected to hold the largest market share and dominate the Telecom Cloud Market in 2016.
North America has a huge penetration from large enterprises with technically-sound employees providing continuous innovative technologies.
These are some of the major driving factors contributing to the growth of cloud-based services and solutions in North America.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=72237103Major vendors covered in the Telecom Cloud Market for the study are AT, Inc. (Dallas, Texas, U.S.), BT Group PLC (London, U.K.), Verizon Communication, Inc. (New Jersey, U.S.), Level 3 Communications, Inc. (Broomfield, Colorado, U.S.), Deutsche Telekom (Bonn, Germany), NTT Communications Corporation (Tokyo, Japan), CenturyLink, Inc. (Louisiana, U.S), Singapore Telecommunications Limited (Singapore), Orange Business Service (Paris, France), and Ericsson (Stockholm, Sweden).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
