Press release
Global Telecom Cloud Market to Gain from Rising IT Modernization
Ease of use and widespread geographic presence enable growth in the global telecom cloud market. Besides this, the continuously increasing awareness regarding the benefits of telecom cloud will create lucrative sales prospects for the market. MarketResearchReports.biz has recently added a study, titled “Telecom Cloud Market - Global Industry Analysis, Size, Growth, Trends and Forecast 2017 – 2025,” which offers a comprehensive market overview and presents an in-depth study on the key growth drivers and restraints. The report offers exhaustive information for the stakeholders. In addition to this, it includes market intelligence for the companies operating in the global telecom cloud market.
Telecom cloud systems come at a pocket-friendly price and are easy to implement, which are chief drivers of the global telecom cloud market. Because the vendors operate in a highly competitive environment, a majority of them maintain a flexible pricing for the products and services. Spurred by this, the companies operating in the global telecom cloud market are likely to record an accelerated pace of gains. In addition to this, the rising deployment of IT modernization and private networks are aiding advancement in the telecom cloud market. Telecom cloud systems are hosted on a cloud platform, which is monitored by telecommunication operators and co-location service providers. This arrangement is welcomed as it reduces various concerns associated with network maintenance and telecom cloud systems.
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In addition to aforementioned factors, the widespread virtualization is also crucial to the market’s growth. The worldwide connectivity creates novel business opportunities for network operators. These factors are forecast to pave way for the market’s growth through the report’s forecast period. On the flip side, security concerns relating to the use of public cloud services can restrain the global telecom cloud market to an extent. In-depth planning and advanced service management are required to address the aforementioned concerns.
Besides studying growth drivers and restraints chalking the market’s trajectory, the report segments it based on diverse parameters. The global telecom cloud market can be segmented on the basis of application, cloud platform, type, end user, and regions. Based on type, the global telecom cloud market can be bifurcated into solution and service. In terms of cloud platform, the global telecom cloud market can be segmented into infrastructure as a service (IaaS), software as a service (SaaS), and platform as a service (PaaS). Of these, IaaS is expected to account for the lion’s share in the market. The rising demand for remotely monitoring and managing data center infrastructure will boost the segment in the coming years.
Based on end user, the market can be segmented into retail and consumer goods, transportation, healthcare, banking, media and entertainment, and others. Regionally, the global telecom cloud market can be categorized into Europe, South America, Asia Pacific, North America, and the Middle East and Africa.
Some of the leading companies operating in the global telecom cloud market are China Telecommunications Corporation (China), AT & T Inc. (U.S.), Fusion Telecommunications International, Inc. (U.S.), Telus Corporation (Canada), T-Mobile International AG (Germany), among others.
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