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.
More Info:- https://www.imarcgroup.com/telecom-cloud-market
2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Telecom Cloud Market:
Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
2024-2032," the global telecom cloud market size reached US$ 41.2 Billion in
2023.
Telecom cloud refers to the migration of telecommunication industries from
outdated landline services to advanced cloud computing systems. It allows the
usage of networking resources efficiently, offers unlimited network capacity to
manage unpredictable data growth and provides an improved customer
experience. It requires minimal management effort or service provider
interaction to provide instant technical and profitable business values.
Some of the various benefits of telecom cloud include facilitation of the
virtualization of storage, networks and servers, reduction of the cost of
infrastructure, and efficient sharing of resources. As a result, telecom cloud is
extensively adopted in various industry verticals, including banking and
financial services and insurance (BFSI), retail, healthcare, media and
environment, manufacturing, transportation, and government.
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4. Report Description
Global Telecom Cloud Market Trends:
One of the primary factors driving the market is its ability to provide telecommunication organizations to migrate
to the internet and eliminate the requirement for costly hardware. Additionally, the changing preferences toward
cloud services among organizations to improve business agility and operational efficiency are creating a positive
market outlook. Other than this, there has been a significant rise in the number of individuals working from home
and online education on account of the sudden outbreak of the coronavirus disease (COVID-19), thus positively
influencing the market growth. Besides this, the extensive growth in the consumption of data and the escalating
demand for over-the-top (OTT) cloud services are catalyzing market growth. In line with this, key players are
planning to introduce industry-specific web real-time communication (WebRTC) solutions and services to cater to
consumers with an economical and user-friendly browser-based communication solution, along with focusing on
increasing privacy standards. Other than these factors, faster deployment and scalability of services, and
reducing capital through telecom cloud are strengthening the market growth. Moreover, the growth witnessed by
the cloud-native environment is driving the market growth. Other major growth-inducing factors include the rising
trend for virtual environments, emerging digitalization trend, increasing internet penetration, increasing demand
for rich media content and technological advancements.
Looking forward, IMARC Group expects the market value to reach US$ 180.8 Billion by 2032, expanding at a
CAGR of 17.5% during the forecast period (2024-2032).
View Report TOC, Figures and Tables: https://www.imarcgroup.com/telecom-cloud-market
5. Report
Segmentation
Breakup by Type:
• Public Cloud
• Private Cloud
• Hybrid Cloud
Breakup by Computing Services:
• SaaS
• IaaS
• PaaS
Breakup by Application:
• Computing
• Data Storage
• Achieving
• Enterprise Application
• Others
6. Report
Segmentation
Breakup by End User:
• BFSI
• Retail
• Manufacturing
• Transportation and Distribution
• Healthcare
• Government
• Media and Entertainment
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
7. Competitive
Landscape with
Key Players
• 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
• Verizon Communications Inc.
8. Key Questions
Answered in
the Report
What was the size of the global telecom cloud market in 2023?
What is the expected growth rate of the global telecom cloud
market during 2024-2032?
What are the key factors driving the global telecom cloud
market?
What has been the impact of COVID-19 on the global telecom
cloud market?
What is the breakup of the global telecom cloud market based
on the type?
What is the breakup of the global telecom cloud market based
on the computing services?
9. Key Questions
Answered in
the Report
What is the breakup of the global telecom cloud market based
on application?
What is the breakup of the global telecom cloud market based
on the end user?
What are the key regions in the global telecom cloud market?
Who are the key players/companies in the global telecom
cloud market?
10. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Telecom Cloud Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Public Cloud
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Private Cloud
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Hybrid Cloud
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
7 Market Breakup by Computing Services
11. Table of
Contents
7.1 SaaS
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 IaaS
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 PaaS
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
8 Market Breakup by Application
8.1 Computing
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Data Storage
8.2.1 Market Trends
8.2.2 Mark et Forecast
8.3 Achieving
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
8.4 Enterprise Application
8.4.1 Mark et Trends
8.4.2 Mark et Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Mark et Forecast
9 Market Breakup by End User
9.1 BFSI
9.1.1 Mark et Trends
9.1.2 Mark et Forecast
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