The global telecom cloud market is anticipated to grow at a significant CAGR of 16.0% during the forecast period (2024-2031). The growing participation of government and private entities for development of telecom cloud is a major contributor to the global market growth. For instance, in June 2023, Deutsche Telekom announced to begin the development of a common European cloud and edge-cloud infrastructure. The European Commission has given the green light for the strategic project, which will take place as part of the Important Projects of Common European Interest – Next Generation Cloud Infrastructure & Services (IPCEI-CIS) framework.
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The IPCEI-CIS program aims to establish a common European “Cloud-Edge Continuum” – one shared cloud-edge infrastructure for Europe, with no internal borders. To this end, several billion euros will be invested within Europe to foster future data connectivity. The initiative seeks to establish a common set of technical standards, a shared regulatory framework, and sustainability requirements for European edge-cloud technology. This will encourage the development of pan-European solutions which leverage the continent’s scale and deepen the single market for digital services.
According to EC, public cloud services spending in Europe will total $142 billion in 2023 and will reach $291 billion by 2027, recording a five-year (2022-2027) compound annual growth rate (CAGR) of 20%. Software-as-a-service (SaaS) will continue to drive most of the spending, while platform-as-a-service (PaaS) will remain the fastest-growing area. Banking, retail, and telecommunications will be the top spending industries in public cloud in 2023, accounting for 26% of the overall market value. The growing investment in public cloud by telecom sector is further contributing to the global market growth.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Component
o By Cloud Platform
o By Deployment Model
o By Organization Size
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including AT&T Inc, BT Group PLC, Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., and Telstra Corporation Ltd. among 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?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Telecom Cloud Market Report Segment
By Component
- Platform
- Solution
- Services
By Cloud Platform
- Software-as-a-Service
- Infrastructure-as-a-Service
- Platform-as-a-Service
By Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Organization Size
- SMEs
- Large Enterprises
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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