Market Overview:
The Global Telecom Cloud Market size was valued at USD 11.56 billion in 2022, and is projected to reach USD 32.57 billion by 2032 at a CAGR of 23.5% from 2022 to 2032.
Telecom cloud refers to the use of cloud computing technologies by telecommunications service providers to deliver a range of services to their customers. The telecom cloud market includes various cloud-based solutions, such as Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS) that are used by telecom companies to streamline their operations, reduce costs, and improve the quality of their services.
The telecom cloud market is experiencing significant growth due to several key trends, including: Adoption of 5G: With the rollout of 5G networks, telecom companies are turning to cloud technologies to support the increased demand for high-speed connectivity and low-latency services. Cloud-based network functions virtualization (NFV) and software-defined networking (SDN) are key technologies that enable telecom companies to quickly and easily deploy new services and scale their networks as needed. Increased Focus on Digital Transformation: Telecom companies are increasingly focusing on digital transformation to improve their operational efficiency, reduce costs, and offer new and innovative services to their customers. Cloud-based solutions are critical to achieving these goals as they provide a flexible and scalable platform that can support a wide range of services. Growing Demand for Unified Communication and Collaboration (UCC): The rise of remote work and the need for efficient collaboration tools has led to a growing demand for UCC services. Telecom companies are responding to this demand by offering cloud-based UCC solutions that enable remote workers to communicate and collaborate effectively. Emergence of IoT: The increasing adoption of Internet of Things (IoT) devices is driving the need for cloud-based solutions that can support the collection, processing, and storage of large amounts of data. Telecom companies are leveraging cloud technologies to offer IoT solutions that enable businesses to collect and analyze data from connected devices in real-time.
Growing adoption of 5G technology is propelling the market growth.
One of the key driving factors of the telecom cloud market is the increasing adoption of 5G technology. 5G is a next-generation wireless technology that offers faster download and upload speeds, lower latency, and greater network capacity. It also enables new use cases and applications such as autonomous vehicles, smart cities, and virtual and augmented reality. To support the requirements of 5G networks, telecom companies are turning to cloud-based solutions such as network functions virtualization (NFV) and software-defined networking (SDN) to enable more flexible and efficient network management. The cloud-based NFV and SDN can help telecom companies to quickly and easily deploy new services, scale their networks as needed, and reduce the costs associated with hardware-based network management.
Moreover, 5G networks require a significant amount of computing power and data storage, which can be effectively and efficiently managed through cloud-based solutions. Cloud technologies enable telecom companies to offer more cost-effective and scalable services to their customers, which can help to reduce the overall cost of 5G deployment and make it more accessible to a wider range of users. As a result, the increasing adoption of 5G is expected to drive significant growth in the telecom cloud market in the coming years.
Segmentation:
By Service Type
· Communication and Collaboration Services
· Network Function Virtualization
· Software-Defined Networking
By Application
· Content delivery networks
· Virtualized Radio Access Networks
· Virtualized Evolved Packet Core
By Industry
· Telecom Operators
· Cloud Service Providers
· Enterprises
Geography:
The North America region dominates the telecom cloud market due to the high adoption rate of cloud-based services and the presence of major cloud service providers and telecom operators in the region. The United States, in particular, is a major contributor to the growth of the telecom cloud market due to the presence of large technology companies and early adoption of cloud-based services. In addition, the Asia-Pacific region is expected to grow significantly in the coming years due to the increasing adoption of cloud-based services in countries such as China and India, as well as the growth of 5G networks in the region. The increasing demand for high-speed internet and mobile data services in the region is driving the need for cloud-based solutions to support the deployment of 5G networks and enable new use cases and applications. Europe is also expected to experience significant growth in the telecom cloud market due to the increasing adoption of cloud-based services and the growth of 5G networks in the region. The European Union has set ambitious targets for the deployment of 5G networks, which is expected to drive significant investment in cloud-based solutions to support the deployment of 5G networks.
Overall, the telecom cloud market is expected to experience significant growth in all regions as telecom operators and enterprises continue to adopt cloud-based solutions to support the deployment of 5G networks and enable new use cases and applications.
Impact of COVID-19 on the global Telecom Cloud Market:
The COVID-19 pandemic has had a significant impact on the telecom cloud market. The pandemic has accelerated the adoption of cloud-based solutions as remote work, online learning, and telemedicine became more prevalent. The demand for cloud-based services such as video conferencing, online collaboration tools, and virtual private networks (VPNs) surged during the pandemic, leading to increased demand for telecom cloud solutions to support these services. The pandemic has also highlighted the need for scalable and flexible IT infrastructure, which has further driven the adoption of cloud-based solutions.
Impact of the Russia-Ukraine War on the global Telecom Cloud Market:
The ongoing Russia-Ukraine conflict has also had an impact on the telecom cloud market. The conflict has disrupted the deployment of telecom infrastructure, including cloud-based solutions, in Ukraine and other neighboring countries. The conflict has also led to increased cybersecurity risks, as hackers and state-sponsored actors take advantage of the instability in the region to launch cyber-attacks. This has led to increased demand for secure and resilient cloud-based solutions to protect against cyber threats.
The political tensions between Russia and Western countries have also led to concerns about data sovereignty and the use of cloud services provided by companies based in Russia or other countries. This has led to increased demand for cloud services provided by companies based in Western countries or other regions with strong data protection laws.
Company Profiles:
· AT&T Inc.
· Verizon Communications Inc.
· Deutsche Telekom AG
· Telefonica SA
· NTT Communications Corporation
· China Telecom Corporation Limited
· BT Group plc
· Orange SA
· Vodafone Group plc
· CenturyLink, Inc.
· T-Systems International GmbH
· IBM Corporation
· Microsoft Corporation
· Amazon Web Services, Inc.
· Google LLC.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
Only Three Thousand Nine Hundred Fifty US dollar
Only Four Thousand Nine Hundred Fifty US dollar
Only Five Thousand Nine Hundred Fifty US dollar