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The global telecom cloud market was valued at US$ 27.08 Billion in 2021.
We expect the global telecom cloud market to exhibit a CAGR of 20.70% during 2022-2027.
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
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