The global telecom cloud market reached a value of US$ 27.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 88.43 Billion by 2027 exhibiting a CAGR of 20.70% during 2022-2027.
Telecom cloud represents the advanced computing services that enable the utilization of networking resources efficiently and provide unlimited network capacity to manage unpredictable data growth. It delivers immediate technical and profitable business values with minimal service provider interaction or management effort. Telecom cloud facilitates the virtualization of storage, servers and networks, offers an enhanced customer experience, reduces the cost of infrastructure, allows efficient sharing of resources, etc. Consequently, it finds wide-ranging applications across several industries, such as healthcare, banking, financial services and insurance (BFSI), retail, media and entertainment, manufacturing, transportation, etc.
- Historical: 2016-2021
- Base Year: 2021
- Forecast Year: 2022-2027
Telecom Cloud Market Trends and Drivers:
The emerging digitization trend is primarily driving the telecom cloud market. Additionally, the rising number of individuals who are working from home and obtaining education online, owing to the sudden outbreak of the COVID-19 pandemic across the countries, is further catalyzing the market growth.
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Besides this, the growing inclination towards cloud services among various enterprises to enhance business agility, eliminate the need for costly hardware, improve operational efficiency, etc., is acting as another significant growth-inducing factor. Moreover, the inflating popularity of over-the-top (OTT) cloud services and rich media content is also positively influencing the global market.
Apart from this, the introduction of industry-specific web real-time communication (WebRTC) services, on account of the escalating demand for cost-effective and user-friendly browser-based communication solutions, is anticipated to fuel the telecom cloud market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Telecom Cloud Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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 and Verizon Communications Inc.
The report has segmented the market on the basis of region, type, computing services, application and end user.
Breakup by Type:
- Public Cloud
- Private Cloud
- Hybrid Cloud
Breakup by Computing Services:
Breakup by Application:
- Data Storage
- Enterprise Application
Breakup by End User:
- Transportation and Distribution
- Media and Entertainment
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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