The size of the global cloud telecom market was estimated at USD 15.18 billion in 2022. With a projected CAGR of 26.4% over the forecast period, the market is expected to increase from USD 18.81 billion in 2023 to USD 97.07 billion by 2030.
A cloud infrastructure called "telecom cloud" uses next-generation network architecture to provide telecommunication services. It is a visualized network that helps in delivering communication services. The demand for cloud-based communication is anticipated to increase as digital transformation becomes more prevalent. The demand for private clouds in the telecom industry is also driven by rising mobile user numbers. In a similar vein, improved cloud communication enabled by 5G technology is anticipated to increase demand for telecom cloud.
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Which company dominates the Global Telecom Cloud Market?
- VMware, Inc. (U.S.)
- IBM Corporation (U.S.)
- Telefonaktiebolaget LM Ericsson (Sweden)
- Cisco Systems, Inc. (U.S.)
- Google LLC (Alphabet LLC) (U.S.)
- Huawei Technologies Co., Ltd. (China)
- Amazon Web Services, Inc. (Norway)
- Microsoft Corporation (U.S.)
- Oracle Corporation (Munich)
- Deutsche Telekom (Japan)
What are the factors driving the growth of the Telecom Cloud Market?
Globally, the 5G rollout is expanding at an exponential rate. It has the potential to completely transform the telecommunications industry with its next-generation cellular network. According to the PWC and CTIA reports, U.S. operators invested up to USD 275 billion. The 5G network's guaranteed low latency and faster speeds are anticipated to increase demand for cloud services. For service providers and end users, this is anticipated to open up a number of opportunities.
What are the market's geographic insights for the Telecom Cloud Market?
North America will dominate the revenue landscape during the forecast period as a result of the rapid uptake of 5G technology. During the forecast period, it is anticipated that the region's market will grow due to the presence of major telecom companies and leading cloud computing companies. Because digital data is growing and changing quickly, the U.S. is predicted to gain the largest segment share.
Throughout the projection period, Asia Pacific will experience rapid growth. In China and India, market growth is anticipated to be fueled by the growing mobile audience. The telecommunication service and infrastructure providers are eager to tackle the cloud due to expanding opportunities following the 5G rollout in India. As a result, the nation is anticipated to accelerate its digital transformation and develop a robust economy, which will benefit the Asia Pacific market. Similar partnerships are being formed in South Korea's telecommunications industry due to potential future opportunities.
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An overview of the report
- The report comprehensively analyzes recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2030, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends require
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2030.
Analysts have segmented the "Telecom Cloud Market" into application, type, and regional segments to aid market participants in better understanding the market. Each element clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Telecom Cloud Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
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