Telecom Cloud Market Set to Disrupt Traditional Telecom Infrastructure | Reaching USD 125 Billion by 2030

The size of the worldwide telecom cloud market was estimated at $18 billion in 2020 and is expected to grow at a CAGR of 21.8% from 2021 to 2030, reaching $125 billion.

Global telecom cloud market is primarily driven by the telecommunications industries and IT organizations' rapid expansion. Additionally, the modernization of information technology is the main force behind this market's development. The modernization process in the IT industry stands for the best use of the resources and cloud services to reap the rewards in a contemporary and effective setting.

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The telecom cloud market has been experiencing significant growth in recent years, driven by several key factors. One of the primary drivers is the increasing adoption of cloud computing technology by telecom service providers. Cloud technology enables service providers to offer new services more quickly and at a lower cost, while also providing greater flexibility and scalability.

Another important driver is the growing demand for network virtualization. Telecom cloud solutions enable service providers to virtualize their networks, which allows them to better manage network resources, improve network performance, and reduce costs.

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In addition, the rise of 5G networks has fueled the growth of the telecom cloud market. 5G networks require more advanced and complex infrastructure to support high-speed data transfer and low latency requirements. Telecom cloud solutions provide the necessary infrastructure to support 5G networks, enabling service providers to deliver new services and applications to customers.

Finally, the trend towards digital transformation has also contributed to the growth of the telecom cloud market. As more businesses move their operations to the cloud, telecom service providers are increasingly offering cloud-based solutions to support these businesses. This has led to a growing demand for telecom cloud solutions that can support a wide range of applications and services.

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The global telecom industry was altered by the pandemic outbreak and series of lockdowns that followed. The demand for greater telecom bandwidth was at an all-time high during this time, and telecom networks saw heavy traffic. The COVID-19 epidemic had tremendous impact on the global telecom industry, which was forced to undergo technological change in order to meet the rising needs of its customers. In many regions of the world, the adoption of 5G network deployments and other next-generation communication technologies has increased, and the automation of services has been given top priority.

Some of the key companies profiled in the telecom cloud industry are Microsoft, Aws, Google, Oracle, IBM, At&T, Verizon, Dell, Etisalat, and Telstra.

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