The global telecom cloud market is anticipated to grow at a considerable CAGR of 20.9% during the forecast period. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace this is anticipated to positively impact market growth. Hence, owing to the development and manufacturing of innovative solutions the telecom cloud market is augmenting its growth over the forecast period. For instance, In July 2019, AT&T Communications and Microsoft Corp. are embarking on an expansive, multi-year alliance where the two companies will use technologies, such as cloud, AI, and 5G, to enhance people’s lives and work. Microsoft will be the preferred cloud provider for non-network applications, as part of AT&T’s broader public cloud-first strategy, and will support AT&T as it reduces its data center infrastructure and operations.
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Furthermore, in July 2020, Telefonaktiebolaget LM Ericsson declared that it was selected by XL Axiata to deploy 5G-ready cloud core technology solutions in East Indonesia. This contains Ericsson Cloud Packet Core and Network Functions Virtualization Infrastructure (NFVI) solution. Ericsson’s solutions will allow XL Axiata to prepare for this increase in data traffic, simplify operations and ensure 5G revenues.
Additionally, in March 2020, AT&T collaborated with Google Cloud to assist enterprises to take advantage of Google Cloud’s technologies and capabilities by utilizing AT&T network connectivity at the edge, including 5G. Additionally, AT&T and Google Cloud intend to provide a portfolio of 5G edge computing solutions that bring together AT&T’s network, Google Cloud’s leading technologies, and edge computing to allow enterprises to address real business challenges.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By Cloud Platform
o By Services
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including AT&T Inc., BT Group plc, Verizon, Vodafone Group Plc, Lumen Technologies, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Telecom Cloud Market Report Segment
By Type
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Cloud Platform
- Software-as-a-Service
- Infrastructure-as-a-Service
- Platform-as-a-Service
By Services
- Colocation Services
- Network Services
- Professional Services
- Managed Services
By Application
- Data Storage
- Billing and Provisioning
- Traffic Management
- Enterprise Application
- Other (Achieving, and Computing)
A full report of Telecom Cloud Market is available at: https://www.omrglobal.com/industry-reports/telecom-cloud-market
