The 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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The global telecom cloud market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). North America held a major market share in 2023 in the global telecom cloud market. The market is attributed to the high adoption of telecom cloud among businesses, cohesive government norms related to cloud infrastructure, and growing investment in telecom infrastructure. Amazon web services, Microsoft Azure, Google Cloud, and IBM Cloud are the key providers of telecom cloud in the US. The presence of key telecom cloud providers across the region is further contributing to the regional market growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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)
Telecom Cloud Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Telecom Cloud market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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