The telecom cloud market size is expected to see rapid growth in the next few years. It will grow to $90.6 billion in 2028 at a compound annual growth rate (CAGR) of 18.7%. The growth in the forecast period can be attributed to customer-centric solutions, enhanced security measures, expansion of cloud-native architectures, rising demand for edge computing, increased automation of network processes. Major trends in the forecast period include focus on customer experience, 5g network deployment, edge computing integration, open ran (radio access network), network slicing for customized services..
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Segmentation & Regional Insights
The telecom cloud market covered in this report is segmented –
1) By Type: Public Cloud, Private Cloud, Hybrid Cloud
2) By Computing Service: Infrastructure As A Service (IaaS), Platform As A Service (PaaS), Software As A Service (SaaS)
3) By Organization Size: SMEs, Large Enterprise
4) By Application: Data Storage, Achieving, Computing, Enterprise Application, Other Applications
5) By End users: BFSI, Retail, Manufacturing, Transportation and Distribution, Healthcare, Government, Media and Entertainment, Other End Users
North America was the largest region in the telecom market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the telecom cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in demand for work-from-home (WFH) mechanisms is a significant driving factor for the telecom cloud market. The COVID-19 pandemic has led to the adoption of work-from-home mechanism. Due to the lockdown, organizations had to close their offices for a long time, leading people to work from home. The telecom cloud makes it possible to deploy workers outside the traditional office environment. For instance, in June 2023, according to a report issued by Forbes, a US-based business magazine and media company, as of 2023, 12.7% of full-time employees work from home, while 28.2% work in a hybrid model. By 2025, 32.6 million Americans will work remotely. Thus, increase in the adoption of work from home is expected to lead to an increase in demand for telecom cloud solutions and services market growth.
Key Industry Players
Major companies operating in the telecom cloud market report are AT&T Inc., BT Group PLC, Verizon Communications Inc., Vodafone Group PLC, China Telecommunications Corporation, Amazon Web Services Inc. (AWS), Microsoft Corporation, International Business Machines Corporation (IBM), VMware Inc., Telefonaktiebolaget LM Ericsson, Nokia Corporation, Cisco Systems Inc., Red Hat Inc., Mavenir Systems Inc., Huawei Technologies Co. Ltd., Google LLC, Oracle Corporation, Deutsche Telekom AG, China Mobile Communications Corporation, China Unicom (Hong Kong) Limited, Orange S. A., NTT Communications Corporation, SoftBank Group Corp., Singapore Telecommunications Limited (Singtel), Telstra Corporation Limited, CenturyLink Inc., Colt Technology Services Group Limited, Tata Communications Limited, Zayo Group Holdings Inc., Windstream Holdings Inc.
The telecom cloud market report table of contents includes:
1. Executive Summary
2. Telecom Cloud Market Characteristics
3. Telecom Cloud Market Trends And Strategies
4. Telecom Cloud Market – Macro Economic Scenario
5. Global Telecom Cloud Market Size and Growth
…………………
31. Global Telecom Cloud Market Competitive Benchmarking
32. Global Telecom Cloud Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Telecom Cloud Market
34. Telecom Cloud Market Future Outlook and Potential Analysis
35. Appendix
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