Report ID: SQMIG45A2133
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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Telecom Cloud Market Report Snapshots
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