USD 20.5 Billion
Report ID:
SQMIG45A2133 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
62 |
Figures:
75
Global Telecom Cloud Market size was valued at USD 20.5 Billion in 2021 and is poised to grow from USD 24.60 Billion in 2022 to USD 105.78 Billion by 2030, at a CAGR of 20% during the forecast period (2023-2030).
The purpose of the telecom cloud market is to provide scalable and flexible solutions to telecommunication companies, enabling them to efficiently manage their networks, deliver new services, and meet the evolving demands of customers. The key driving factors for the telecom cloud market is the increasing demand for advanced telecom services and the need for scalable infrastructure to support emerging technologies such as 5G, Internet of Things (IoT), and artificial intelligence (AI). the challenges, the telecom cloud market presents opportunities for growth and innovation. The adoption of cloud-native architectures and virtualized network functions allows operators to introduce new services rapidly and respond to customer demands. The convergence of telecom services with edge computing and the development of edge cloud solutions presents new opportunities in the market. Edge cloud enables low-latency and high-bandwidth applications, paving the way for innovative services such as autonomous vehicles, smart cities, and immersive media experiences. The telecom cloud market plays a vital role in enabling telecommunication operators to leverage cloud technologies and meet the demands of modern communication services.
Global Market Size
USD 20.5 Billion
Largest Segment
Solution
Fastest Growth
Solution
Growth Rate
20% CAGR
To get more reports on the above market click here to Buy The Report
The global telecom cloud market is segmented on the basis of component, product, and region. In terms of component, the market is segmented into solution, and services. Further categorization of deployment segments includes private, public, and hybrid. Regionwise, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Telecom Cloud Market Analysis by Component
In 2022, the solution segment dominated with a revenue share of 61.2%. The solution segment offers unified communication and collaboration, content delivery networks, Network function virtualization, and other solutions. The rising internet and mobile device penetration are driving the adoption of solutions. organizations are increasingly experiencing the need to leverage new technology to boost company agility and operational efficiencies. Telephone, email, voice mail, IM (instant messaging) and presence, unified messaging, audio, web, and video conferencing, file sharing and white-boarding, social networking, mobility, and other applications are being deployed by enterprises.
The services segment is anticipated to witness the fastest growth, growing at a CAGR of 21.0% during the forecast period. The growth of this segment is attributed to the integration and deployment of telecom cloud services. These services ensure effective functioning and improved operational efficiencies throughout the process. The services segment is further categorized into professional and managed services. The professional services sub-segment dominated with a revenue share of 59.6% in 2022 and witnessed a CAGR of 20.2% during the forecast period. Professional services such as business analysis and consulting, design and architecture, integration, and deployment help to evaluate business cases and build solutions to minimize costs and deliver operational efficiency, security, and QoS.
Global Telecom Cloud Market Analysis by Deployment
In 2022, the private deployment segment held the largest revenue share of 57.4% in the global telecom cloud market. Private infrastructure refers to the operation of the telecom cloud entirely by an organization, either on-premise or off-premise, managed by the organization itself or a third party. Private deployments offer several advantages, including improved control, enhanced security and data privacy, specialized computational resources, and cost-efficiency through the utilization of underutilized capacities in existing data centers. Organizations can benefit from cloud management software, automated management, self-service interfaces, and the ability to sell unused capacities to partner companies.
The hybrid segment is expected to witness the fastest growth, with a forecasted CAGR of 22.8% during the forecast period. A hybrid cloud consists of two or more clouds, typically a combination of a public cloud and a private cloud. Hybrid infrastructure combines these entities using proprietary or standardized technology, enabling data portability. The growth of the hybrid segment can be attributed to its cost-effectiveness, scalability benefits, and improved security and data privacy. It allows telecom companies to optimize operations, manage workloads efficiently, allocate resources effectively, and optimize infrastructure spending. The hybrid model provides enhanced organizational agility and the ability to scale using the public infrastructure while maintaining controls available in the private cloud deployment.
To get detailed analysis on other segments, Request For Free Sample Report
North America has been a dominant region in the global telecom cloud market in 2022 and is further projected to continue so during the forecast period. The region's dominance can be attributed to factors such as advanced telecommunications infrastructure, early adoption of cloud technologies, and the presence of major telecom cloud service providers. The United States, in particular, has a mature telecom industry and is home to several prominent telecom cloud companies. The region's strong market position is also driven by the demand for high-speed connectivity, the rapid adoption of 5G technology, and the presence of major tech companies focusing on cloud-based services.
Asia Pacific is expected to be the fastest-growing region in the global telecom cloud market. Countries such as China, India, Japan, South Korea, and Australia are witnessing significant growth in the telecom sector and are investing heavily in cloud infrastructure and services. The region's growth is driven by factors like increasing internet penetration, a large customer base, rising demand for advanced telecom services, and the adoption of emerging technologies. The proliferation of smartphones, the growing popularity of e-commerce, and the rise of digital transformation initiatives in various industries further contribute to the region's rapid growth in the telecom cloud market.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Telecom Cloud Market Drivers
Regulations Increasing Demand for 5G Networks
Growing Emphasis on Digital Transformation
Global Telecom Cloud Market Restraints
Security and Privacy Concerns
Infrastructure and Connectivity Limitations
Request Free Customization of this report to help us to meet your business objectives.
The global telecom cloud market is highly competitive and consists of several key players who offer a range of cloud-based solutions and services to telecommunication companies. The competitive landscape is characterized by intense rivalry, strategic partnerships, technological advancements, and a focus on innovation. The competitive landscape is continuously evolving as companies strive to innovate and differentiate their offerings to meet the growing demands of telecom operators and enterprises. Strategic partnerships, mergers and acquisitions, and investments in research and development are common strategies employed by companies to gain a competitive edge in the market.
Top Player’s Company Profiles in Global Telecom Cloud Market
Global Telecom Cloud Market Recent Developments
In February 2023, Snowflake, a data cloud business, launched Telecom Data Cloud. Snowflake's data platform, Snowflake, as well as partner-delivered solutions and industry-specific data sets, are all part of the Telecom Data Cloud package. The Telecom Data Cloud enables the breakdown of data silos in TSPs' internal and external ecosystem activities, allowing businesses to simply and securely access data in real time, enrich it with machine learning (ML) models, and ultimately promote informed decision-making.
In February 2022, Nokia and Amazon Web Services (AWS) collaborated to develop cloud-native 5G core solutions. The partnership aimed to bring together Nokia's expertise in 5G networking and AWS's cloud capabilities to accelerate the deployment of cloud-native telecom infrastructure.
In January 2022, Microsoft announced its partnership with Ericsson to accelerate the deployment of 5G and cloud solutions for telecom operators. The collaboration aimed to leverage Microsoft Azure and Ericsson's expertise to deliver advanced telecom cloud services.
In December 2021, Google Cloud partnered with Nokia to develop cloud-native 5G core solutions and assist telecom operators in their digital transformation journey. The collaboration aimed to combine Google Cloud's scalable infrastructure with Nokia's networking expertise to deliver advanced telecom cloud services.
In August 2021, IBM announced a collaboration with Orange to develop a cloud-native 5G core network. The partnership aimed to leverage IBM's expertise in hybrid cloud and AI with Orange's telecom capabilities to accelerate the adoption of 5G and enhance network agility.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global telecom cloud market analysis, some key trends include the emergence of edge computing, which brings cloud capabilities closer to the network edge for faster and more efficient processing, and the adoption of network function virtualization (NFV), where traditional network functions are virtualized and run on cloud platforms for increased flexibility and cost savings. Market analysis in the telecom cloud market involves studying the market size, revenue trends, competitive landscape, drivers, restraints, and key trends. This analysis helps businesses, telecom operators, and stakeholders gain insights into market dynamics, make informed decisions, and identify opportunities for growth and innovation.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 20.5 Billion |
Market size value in 2031 | USD 105.78 Billion |
Growth Rate | 20% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Telecom Cloud Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Telecom Cloud Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Telecom Cloud Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Telecom Cloud Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG45A2133