Telecom Cloud System Market Size, Share, Future Growth, Current Statistics 2027

the global telecom cloud system market size is projected to grow from USD 11.5 billion in 2022 to USD 32.5 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 23.1 % during the forecast period. Growth in 5G paving eMBB, mMTC, and URLLC is driving the growth of the telecom cloud market.

Get Sample of Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=72237103

Public segment is estimated to lead the telecom cloud market in 2022

Public cloud refers to computing that shares resources, such as storage, computing, and networking, with external entities outside the organization, depending on the demand. The public cloud deployment model offers various benefits to enterprises. These are scalability, reliability, flexibility, and remote location access.

Large enterprise segment is set to emerge as the larger market during the forecast period

A large enterprise is a business entity employing over 5,000 people. The adoption of telecom cloud in large enterprises is high, which is expected to continue during the forecast period. Large enterprises have complex product development processes and invest heavily in business operations. This is one of the major reasons for adopting cloud-based solutions and services, as they provide a cost-effective approach to managing these functions. This can be achieved due to the availability of substantial assets, global presence, strong market share, and effective business strategies.

NFVI is expected to have a higher growth rate during the forecast period

Organizations are embracing NFV technologies to improve network agility, scale network infrastructure, and lower operational cost. NFV technologies support traditional and next-generation networks, which, in turn, allow network administrators to run networks effectively. NFV technology enables enterprises and service providers to embrace emerging technologies, such as hybrid cloud and edge computing. NFV has become popular in the last couple of years.

Asia Pacific is projected to grow at the fastest growth rate during the forecast period

In this region, Japan, China, Australia, and India are the key nations with the fastest growth rates. The growing economies, strong growth, and widespread use of mobile and the internet are all present in Asia Pacific. Technological advances and required rules requiring the use of best-in-class standards and technology are predicted to cause the growth to soar.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/telecom-cloud-market-72237103.html

Market Players

The major vendors covered in the telecom cloud market include (AWS), Microsoft Corporation (Microsoft), International Business Machines Corporation (IBM), Oracle Corporation (Oracle), Nokia Corporation (Nokia), Alphabet Inc. (Google), VMware Inc. (VMware), Intellias Ltd. (Intellias), LM Ericsson Telephone Company (Ericsson), Huawei Technologies Co., Ltd. (Huawei), Telenity Inc. (Telenity), Robin Systems, Inc (Robin.io), ZTE Corporation (ZTE), Juniper Networks Inc (Juniper), Amdocs Limited (Amdocs), Cisco Systems, Inc (Cisco), Virtusa Corporation (Virtusa), Mavenir Systems, Inc. (Mavenir), NFWare Inc. (NFWare), Inmanta NV (Inmanta), UK Cloud Communications Limited (UK Cloud Communications), ACL Digital (ACL), and Alibaba Group Holding Limited (Alibaba).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

This release was published on openPR.