Global Telecom Cloud Market

Telecom Cloud Market Size, Share, Growth Analysis, By Component(Solution, and Services), By Deployment(Private, Public, and Hybrid), By Cloud service model(Software, Platform and Infrastructure), By Organization size(SMEs and large enterprises), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45A2133 | Region: Global | Published Date: June, 2024
Pages: 157 | Tables: 113 | Figures: 77

Telecom Cloud Market News

  • In May 2024, Integration of edge computing with telecom cloud solutions is gaining traction. This enables processing of data closer to the source, reducing latency and improving performance for real-time applications like network optimization and connected devices. 

  • In March 2024, Telecom operators are increasingly adopting hybrid and multi-cloud strategies, utilizing a combination of public cloud services, private cloud deployments, and on-premises infrastructure. This allows them to optimize costs and leverage the strengths of different cloud environments. 

  • In early 2024, The rollout of 5G networks continued to be a major driver for the telecom cloud market. Cloud infrastructure provides the agility and scalability required to support the demands of high-bandwidth, low-latency 5G applications. 

  • In late 2023, The global telecom cloud market reached an estimated value of around USD 45 billion (sources may vary slightly), indicating a stage of significant growth and increasing adoption of cloud-based solutions by telecom operators. 

  • In July 2023, The Department of Telecommunications (DoT), Ministry of Communications (MOC), was established the Bharat 6G Alliance (B6GA) in to accelerate India's technological growth in the telecom sector. The B6GA website was also developed in this regard. B6GA is a collaborative platform in India that brings startups, public and private companies, academia, research institutions, global technology alliances and standard development organizations together. 
  • 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.

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FAQs

Global Telecom cloud Market size was valued at USD 24.60 Billion in 2022 and is poised to grow from USD 29.52 Billion in 2023 to USD 126.93 Billion by 2031, at a CAGR of 20% during the forecast period (2024-2031).

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. 'AT&T Inc. (US)', 'Verizon Communications Inc. (US)', 'NTT Communications Corporation (Japan)', 'Deutsche Telekom AG (Germany)', 'Telefonica S.A. (Spain)', 'Vodafone Group Plc (UK)', 'Orange S.A. (France)', 'China Telecom Corporation Limited (China)', 'China Mobile Communications Corporation (China)', 'BT Group Plc (UK)', 'SoftBank Group Corp. (Japan)', 'América Móvil, S.A.B. de C.V. (Mexico)', 'Tata Communications Limited (India)', 'SK Telecom Co., Ltd. (South Korea)', 'Telstra Corporation Limited (Australia)', 'Reliance Jio Infocomm Limited (India)', 'KT Corporation (South Korea)', 'Saudi Telecom Company (Saudi Arabia)', 'Swisscom AG (Switzerland)', 'Telecom Italia S.p.A. (Italy)'

The deployment of 5G networks is driving the adoption of telecom cloud solutions. 5G networks require advanced cloud infrastructure to handle the massive volume of data and support high-speed, low-latency communication. Telecom cloud solutions provide the scalability and flexibility needed to meet the requirements of 5G networks and enable the delivery of innovative services.

Edge Computing: Edge computing is emerging as a key trend in the telecom cloud market. By bringing cloud capabilities closer to the network edge, edge computing enables low-latency processing, data analytics, and real-time services. Telecom operators are leveraging edge computing to deliver services with reduced latency and improved user experience.

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.

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Global Telecom Cloud Market

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