Telecom Cloud Market Report by Type (Public Cloud, Private Cloud, Hybrid Cloud), Computing Services (SaaS, IaaS, PaaS), Application (Computing, Data Storage, Achieving, Enterprise Application, and Others), End User (BFSI, Retail, Manufacturing, Transportation and Distribution, Healthcare, Government, Media and Entertainment, and Others), and Region 2024-2032

Telecom Cloud Market Report by Type (Public Cloud, Private Cloud, Hybrid Cloud), Computing Services (SaaS, IaaS, PaaS), Application (Computing, Data Storage, Achieving, Enterprise Application, and Others), End User (BFSI, Retail, Manufacturing, Transportation and Distribution, Healthcare, Government, Media and Entertainment, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5224
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Market Overview:

The global telecom cloud market size reached US$ 41.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 180.8 Billion by 2032, exhibiting a growth rate (CAGR) of 17.5% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 41.2 Billion
Market Forecast in 2032
US$ 180.8 Billion
Market Growth Rate 2024-2032 17.5%


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.

Telecom Cloud Market

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.

 

 
 

 

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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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 2024-2032. 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:

 

 
 

 

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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  • 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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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 Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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$ 41.2 Billion in 2023.

We expect the global telecom cloud market to exhibit a CAGR of 17.5% during 2024-2032.

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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Telecom Cloud Market Report by Type (Public Cloud, Private Cloud, Hybrid Cloud), Computing Services (SaaS, IaaS, PaaS), Application (Computing, Data Storage, Achieving, Enterprise Application, and Others), End User (BFSI, Retail, Manufacturing, Transportation and Distribution, Healthcare, Government, Media and Entertainment, and Others), and Region 2024-2032
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