The global telecom cloud market size reached US$ 34.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 106.0 Billion by 2028, exhibiting a growth rate (CAGR) of 19.41% during 2023-2028.
Telecom cloud is a term used to define the shift in the telecommunication industry from conventional machine-based landline services to cloud computing services. It enables the utilization of networking resources efficiently and provides unlimited network capacity to manage unpredictable data growth and offer an enhanced customer experience. It delivers immediate technical and profitable business values with minimal management effort or service provider interaction. Moreover, it facilitates the virtualization of storage, servers and networks, reduces the cost of infrastructure, and allows efficient sharing of resources. In recent years, telecom cloud solutions have gained traction across various industries, including banking, financial services and insurance (BFSI), healthcare, retail, media and entertainment, manufacturing, government, and transportation.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Telecom Cloud Market Trends:
Telecom cloud has enabled telecommunication organizations to migrate to the internet and eliminated the need for costly hardware for businesses to stay connected to the rest of the world. As a result, the shifting preferences toward cloud services among enterprises to enhance business agility and operational efficiency represent the primary factor driving the market growth. Besides this, the growing awareness regarding the telecom cloud among enterprises and lower operational and administrative costs are catalyzing the product demand. Additionally, with the recent outbreak of coronavirus disease (COVID-19), there has been a significant increase in the number of individuals working from home and obtaining education online. Along with this, the rising consumption of data and the escalating demand for over-the-top (OTT) cloud services are propelling the market growth. Furthermore, several key players are focusing on introducing industry-specific web real-time communication (WebRTC) solutions and services to meet the growing demand for cost-effective and user-friendly browser-based communication solutions. Other factors, including the emerging digitization trend, growing need for virtual environments, increasing penetration of the internet and smartphones, rising demand for rich media content, and technological advancements, are also creating a favorable market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global telecom cloud market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, computing services, application and end user.
Breakup by Type:
Public Cloud
Private Cloud
Hybrid Cloud
Breakup by Computing Services:
SaaS
IaaS
PaaS
Breakup by Application:
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Computing
Data Storage
Achieving
Enterprise Application
Others
Breakup by End User:
BFSI
Retail
Manufacturing
Transportation and Distribution
Healthcare
Government
Media and Entertainment
Others
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc.), BT Group plc, China Telecom Corporation Limited, Dell Technologies Inc., Deutsche Telekom AG, Google LLC, International Business Machines Corporation, Microsoft Corporation, Nippon Telegraph and Telephone Corporation, Oracle Corporation, Singapore Telecommunications Limited, Telefonaktiebolaget LM Ericsson, Telstra Corporation Limited, Telus Corporation and Verizon Communications Inc.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Type, Computing Services, Application, End User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Amazon Web Services Inc. (Amazon.com Inc.), BT Group plc, China Telecom Corporation Limited, Dell Technologies Inc., Deutsche Telekom AG, Google LLC, International Business Machines Corporation, Microsoft Corporation, Nippon Telegraph and Telephone Corporation, Oracle Corporation, Singapore Telecommunications Limited, Telefonaktiebolaget LM Ericsson, Telstra Corporation Limited, Telus Corporation and Verizon Communications Inc.
Customization Scope
10% Free Customization
Report Price and Purchase Option
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Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global telecom cloud market was valued at US$ 34.5 Billion in 2022.
We expect the global telecom cloud market to exhibit a CAGR of 19.41% during 2023-2028.
The emerging trend of virtual environment, along with the increasing preferences for cloud computing
services among various enterprises to enhance business agility and operational efficiency, are primarily
driving the global telecom cloud market.
The sudden outbreak of the COVID-19 pandemic has led to the rising demand for telecom cloud services
among the individuals working from home and obtaining education online, along with the growing
popularity of OTT cloud services as indoor means of entertainment during the lockdown scenario.
Based on the type, the global telecom cloud market has been segmented into public cloud, private
cloud, and hybrid cloud. Currently, public cloud holds the majority of the total market share.
Based on the computing services, the global telecom cloud market can be divided into SaaS, IaaS, and
PaaS. Among these, SaaS currently exhibits a clear dominance in the market.
Based on the application, the global telecom cloud market has been categorized into computing, data
storage, achieving, enterprise application, and others. Currently, computing accounts for the majority of
the global market share.
Based on the end user, the global telecom cloud market can be segregated into BFSI, retail,
manufacturing, transportation and distribution, healthcare, government, media and entertainment, and
others. Among these, the BFSI sector currently holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global telecom cloud market include Amazon Web Services Inc.
(Amazon.com Inc.), BT Group plc, China Telecom Corporation Limited, Dell Technologies Inc., Deutsche
Telekom AG, Google LLC, International Business Machines Corporation, Microsoft Corporation, Nippon
Telegraph and Telephone Corporation, Oracle Corporation, Singapore Telecommunications Limited,
Telefonaktiebolaget LM Ericsson, Telstra Corporation Limited, Telus Corporation, and Verizon
Communications Inc.
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