With the emergence and long-term Impact of COVID-19, Global Telecom Cloud Market to reach USD 104.47 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Telecom Cloud Market points towards a potential rise to USD 104.47 billion by 2030. Telecom Cloud is the utilization of cloud computing technologies and services within the telecommunications industry to enhance and streamline various aspects of network infrastructure, operations, and service delivery. This innovative approach involves migrating traditional telecommunications functions, such as network management, storage, and communication services, to virtualized and scalable cloud environments.
By leveraging cloud resources, telecom operators can achieve greater flexibility, scalability, and cost-effectiveness in managing their networks and services. The Telecom Cloud Market is expanding because of factors such as rising Network Virtualization and SDN Adoption, rollout of 5G networks and proliferation of connected devices and mobile data traffic.
Geographically, the global Telecom Cloud market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022. The market in the region is poised for substantial growth, primarily fueled by the swift adoption of 5G technology. The strong presence of key players in both the telecom industry and cloud computing sector is anticipated to further drive market expansion throughout the forecast period. Moreover, the U.S. is projected to secure a significant share, attributed to the escalating demand for digital data, which is witnessing rapid growth and constant evolution.
Asia Pacific is expected to grow significantly over the forecast period. The expanding mobile audience is set to drive market expansion in China and India. The rollout of 5G in India has opened significant opportunities, prompting telecommunication service and infrastructure providers to actively pursue cloud solutions. This strategic focus is poised to contribute to India’s digital transformation and economic strength, consequently bolstering the Asia Pacific market. In South Korea, collaborations within the telecommunication sector are underway, reflecting a proactive approach to tap into future opportunities and drive growth.
The global Telecom Cloud market is highly competitive owing to the presence of several key players such as VMware, Inc. International Business Machine Corporation Telefonaktiebolaget LM Ericsson Cisco Systems, Inc. Google LLC (Alphabet LLC) Huawei Technologies Co., Ltd. Amazon Web Services, Inc. Microsoft Corporation Oracle Corporation Deutsche Telekom, and others.
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Key findings of the study suggest:
- Global Telecom Cloud Market is anticipated to grow with a healthy growth rate of more than 19.9% over the forecast period 2023-2030.
- In the Enterprise Size segment, SMEs emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to strong presence of key players in both the telecom industry and cloud computing sector in the region.
- Asia Pacific is expected to grow at higher rate owing to expanding mobile audience in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Component:
- Solution
- Services
By Deployment Type:
- Private
- Public
- Hybrid
By Service Model:
- Software as a Service (SaaS)
- Platform as a Service (PaaS)
- Infrastructure as a Service (IaaS)
By Application:
- Network
- Data Storage, and Computing
- Traffic Management
- Cloud Migration
- Others
By Enterprise Size:
- Large Enterprises
- SMEs
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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