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Telecom Cloud Market- What are the main factors that contributing towards industry growth?
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The Small and Medium Enterprises (SMEs) have turned out to be the benefactors of the telecom cloud market as it is understood that telecom cloud services and solutions possess the potential to yield enhanced quality, efficiency, and business productivity. Elsewhere, large enterprises of the telecom industry are trying to control their significant losses due to the discontinuation of landlines by providing cloud services for devices such as mobile stations. It is estimated that over 85% of the enterprises have shifted their operations globally to cloud technology and services due to its ease-of-access and cost-effectiveness.
For the telecom cloud market to thrive, it requires lower operational & administration costs and awareness about telecom cloud among enterprises. Thereby, North America is expected to have the majority share of the telecom cloud industry as the U.S. and Canada possess huge potential and opportunities. The APAC telecom cloud industry is expected to grow in this time period due to increase in investments by telecom players and a substantial rise in the number of subscribers.
Telecom giants have a huge client base, which lends an opportunity for them to promote cloud services that they intend to offer by collaboration with their cloud providers. This may help in reaping benefits such as stability, customer service, providing end-to-end quality of service (QoS), appropriate customer service, and gaining maturity commercially.
Major challenges for the telecom cloud market include information security and increasing demand for Over-the-Top (OTT) cloud services. Migrating to the cloud platform has its own share of concerns such as data compliance, performance, and maintenance of industry standards in an organization. It is expected that telecom cloud industry providers can offer secure services and solutions by leveraging their brands to validate their value proposition.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. IBM
2. AT&T
3. BT Group PLC
4. Verizon Communication
5. Level 3 Communications
6. Deutsche Telekom
7. China Telecom
8. T-Mobile
9. Telus
Browse Full report: https://www.gminsights.com/industry-analysis/telecom-cloud-market
Some of the key players operating in the telecom cloud market are IBM, AT&T, BT Group PLC, Verizon Communication, Level 3 Communications, Deutsche Telekom, China Telecom, T-Mobile, and Telus.
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