IMARC Group’s latest research report, titled “Telecom Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What is the projected market value of the global Telecom Cloud Market?
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.
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Telecom cloud is a term that describes the transition of the telecommunication industry from conventional landline services to advanced cloud computing systems. It helps manage unpredictable data growth by providing unlimited network capacity, enables efficient utilization of networking resources, and enhances customer experience. It also assists in virtualizing storage, servers, and networks, reducing infrastructure costs and facilitating efficient sharing of resources. As a result, telecom cloud solutions have gained immense traction across various sectors, including banking, financial services and insurance (BFSI), media and entertainment, healthcare, government, manufacturing, and transportation.
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, computing services, application, end user and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for telecom cloud market
- Strategies of major players and product offerings
The global telecom cloud is primarily driven by the shifting preferences of enterprises toward cloud services to enhance operational efficiency and business agility. Moreover, the growing awareness regarding telecom cloud and its lower operating and administrative costs among enterprises has augmented product demand. Additionally, the increasing number of students obtaining online education and individuals working from home due to the recent coronavirus disease (COVID -19) outbreak has catalyzed the market growth. In line with this, the escalating demand for over-the-top (OTT) cloud services and the rising data usage are propelling market growth.
Furthermore, the introduction of industry-specific web real-time communication (WebRTC) solutions and services by key players to meet the surging demand for cost-effective and user-friendly browser-based communication solutions is contributing to market growth. Other factors, including the rising need for rich media content, the emerging digitization trend, increasing demand for virtual environments, growing reliance on smartphones and the internet, and technological advancements, are also anticipated to create a favorable market outlook.
Key Players Included in Global Research Report:
- 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
- Verizon Communications Inc.
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COVID-19 Impact Overview:
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.
Breakup by Type:
- Public Cloud
- Private Cloud
- Hybrid Cloud
Breakup by Computing Services:
The 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
TOC for the Telecom Cloud Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Telecom Cloud Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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