openPR Logo
Press release

Telecom Cloud Market -Increasing Use of Cloud Computing in BFSI Industry to Boost Market Growth

01-28-2019 01:35 PM CET | IT, New Media & Software

Press release from: TMR

Telecom Cloud Market -Increasing Use of Cloud Computing in BFSI

The global telecom cloud market is fragmented due to the presence of numerous small and big players in the market, as observed by Transparency Market Research. Several small and large-scale enterprises are investing in telecom cloud solutions and services as the market is possess huge potential to grow in the near future. Moreover, professional service providers and system solutions developers and integrators across industries are establishing themselves firmly in the telecom cloud market. Players are also putting efforts in research and development activities and working in product innovation to expand their market reach. Among the numerous players in the market, the report has mentioned some of the leading players such as Telus Corporation, AT & T Inc., Deutsche Telekom AG, China Telecommunications Corporation, Vodafone Group Plc., and Verizon Communication Inc.

Get The Sample Report :

According to TMR, the global telecom cloud market is projected to expand at healthy CAGR of 18.2% during the forecast period between 2018 and 2026. The global telecom cloud market was worth US$12.63 bn in 2017 and is estimated to reach US$55.29 bn by the end of 2026.

On the basis of cloud platform, the software as a service (SaaS) segment held major share in the market in 2017. Business continuity as a service (BCaaS) held the second position in the market. According to the report, over the forecast period infrastructure as a service (IaaS) is expected to expand rapidly. The rapid expansion of IaaS is because it helps in management and monitoring of remote data center infrastructure. Based on geography, North America held dominant share in market in 2017. Over the forecast period, the region is projected to rise at 18.1% of CAGR. In terms of revenue, the U.S. held the dominant share in the telecom cloud market in North America. However, in the forthcoming years, South America and Asia Pacific is expected to expand significantly.


Increasing Use of Cloud Computing in BFSI Industry to Boost Market Growth

In past few years, numerous technological advancements have taken place in the telecom cloud market. Industries such as BFSI, transportation, retail, and media and entertainment extensively use telecom cloud technology. Thus, the telecom cloud market is projected to increase rapidly in the near future. In addition, the integration of cloud computing in the telecom industry helps in providing various services such as virtualization of storage, networks, and services. It also increases the use of existing system resources and decreases infrastructure cost. Moreover, increasing use of cloud service across various organizations worldwide has also fueled the global market for telecom cloud computing. BFSI industry uses cloud services and is expected to boost the demand in the telecom cloud market in the coming years.

Browse The Report :

High Risk Related to Data Security to Deter Demand for Telecom Cloud

Despite the growing use of cloud computing in various industries there are several factors that might deter the market from growing at its full potential. One such factor is high-risk related to data security and information loss persists by using cloud services. In addition to that, increasing demand for over the top (OTT) cloud services also pose sever challenge for the telecom cloud market. Growing sophisticated data theft and breaches have increased concerns for using cloud services.

The information presented in this review is based on a TMR report, titled “Telecom Cloud Market (Type -Solutions, Services; Cloud Platform - Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Business Continuity as a Service (BCaaS), Infrastructure-as-a-Service (IaaS); Industry Vertical - Banking, Financial Services, Insurance (BFSI), Retail, Healthcare, Media and Entertainment, Transportation) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.


90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada



This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Telecom Cloud Market -Increasing Use of Cloud Computing in BFSI Industry to Boost Market Growth here

News-ID: 1538402 • Views: 157

More Releases from TMR

Marine Cables and Connectors Market: Growth Opportunities Rise as Telecommunicat …
With the leading ten companies collectively accounting only for about 50% of overall share, the vendor landscape of the global marine cables and connectors market hints at a high level of fragmentation and intense competition, observes Transparency Market Research in a recent report. Owing to the large number of companies in the market, competition is likely to remain intense in the next few years as well. Get The Sample Report :
Multiple Telecommunication Operators are Migrating Their Customers over the IP N …
According to a new market report published by Transparency Market Research the global cloud telephony services market is expected to reach a value of US$ 41,768.3 Mn by 2026 on account of cost reductions compared to traditional telephony systems. The market is projected to expand at a CAGR of 17.2% during the forecast period from 2018 to 2026. Increasing demand for enterprise mobility, mobile workforce, and multiple benefits offered
Major Vendors operating in Manufacturing Analytics Market are tableau software, …
Manufacturing analytics is a statistical tool which performs rule-based analysis to improve business processes and production quality. Data analytics is into various other industrial domains which include banking, financial services and insurance (BFSI), e-commerce, among others. However, increasing pressures to reduce manufacturing cost, meet federal norms, supply-chain requirements, global competition, and improve operating income has seen high adoption of data analytics in manufacturing sector in recent past. Additionally, with manufacturing
Financial Services Market: Key Opportunities and Threats,Led By Top Vendors
Global Financial Services Market: Overview Efficiency in financial services is considered to be the backbone of any economy. Financial services indicate the socio-economic wellbeing of any country. With rapid globalization, financial service application providers are faced with the uphill task of providing the end-users with software and applications that are risk-free, compliant, and data driven. In modern times, the strength of a country is determined by how well it progresses financially.

All 5 Releases

More Releases for Cloud

Cloud Storage Market
Cloud storage is a complete solution package, which includes software and services to manage, maintain, and store data in a virtual environment. It helps both large and small & medium enterprises to store and access relevant information from data center through the Internet. These data centers are maintained at distant places and are connected through networks, which enable the users to access information using the Internet. Cloud storage gives additional
Global Cloud Storage Market
Global Cloud Storage Market – Industry Analysis and Forecast (2017-2026) – by Type, Deployment Model, Organization Size, Vertical, and Geography. Global Cloud Storage Market was valued US$ 35.1 Bn in 2017 and is expected to reach US$ 197.4 Bn by 2026, at a CAGR of 25.99% during forecast period. Cloud storage is allowing enterprises to store information on remote servers which can be accessed using internet. These remote servers are operated, maintained
Healthcare Cloud Computing Market -
Healthcare Cloud Computing is a broad, proactive endpoint security solution designed to supplement the existing defenses. It is a cyber-security technology that informs the need for constant monitoring and response to advanced threats. This advanced system measure shifts of security from a reactive threat approach to one that can detect and prevent threats before they even reach the organization. Growing cases of enterprise endpoint targeted attacks and necessity to mitigate it
Cloud Orchestration Market Trend
According to a new report Cloud Orchestration Market (2017-2023), published by KBV Research, the Cloud Orchestration Market is expected to attain a market size of $15.6 billion by 2023, growing at a CAGR of 23.5% during the forecast period. The Configuration market dominated the Cloud Orchestration Market by Solution Type in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 22.9 % during the
Websites in the Cloud
Noxum consults on websites in the Microsoft Cloud Increased website traffic or massive traffic surges means “heavy labor” behind the web interface. Enormous server capacities are needed to compensate for fluctuation and temporary peaks. Cloud websites release companies from the limitations of server hardware. Würzburg - The Noxum GmbH, service and software provider for Cloud solutions, supports companies operating their websites in the Windows Azure Cloud. Enterprises, publishers and online merchants
Agilisys Cloud Services Simplifies Cloud Infrastructure (IaaS)
David Cotterell appointed Managing Director to spearhead private sector growth for Agilisys London, 17 October 2011. Agilisys, one of the UK’s most innovative IT and business services providers, has expanded its cloud services offering by launching Agilisys Cloud Services, a managed IaaS (Infrastructure as a Service) providing a suite of scalable, modular and customisable cloud services including infrastructure, co-location and hosting solutions, along with associated consultancy services, in Agilisys’ dedicated, highly