Telecom Cloud Market Share 2023, Revenue, Growth Statistics, Global Size, Industry Forecast by 2028

How Big is The Telecom cloud Market?

The global telecom cloud market size reached US$ 34.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 106.0 Billion by 2028, exhibiting a growth rate (CAGR) of 19.41% during 2023-2028.

What is Telecom cloud?

Telecom cloud represents advanced cloud computing systems that enable the utilization of networking resources efficiently and offer unlimited network capacity to manage unpredictable data growth and provide an enhanced customer experience. It delivers immediate profitable and technical business values with minimal service interaction or management efforts. Telecom cloud also facilitates the virtualization of servers, storage, and networks, reduces the cost of infrastructures, allows efficient sharing of resources, etc. Presently, they are gaining extensive traction in numerous industries, including healthcare, retail, media and entertainment, manufacturing, banking, financial services and insurance (BFSI), transportation, etc., across the globe.

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What are the growth prospects and trends in the Telecom Cloud Market Industry:

The inflating need among businesses for eliminating costly hardware is primarily driving the telecom cloud market. Additionally, the growing number of individuals working from home and obtaining education online and the widespread adoption of over-the-top (OTT) cloud services are further bolstering the market growth. Besides this, the increasing inclination among enterprises towards telecom cloud to enhance business agility, administrative costs, and operational efficiency is acting as another significant growth-inducing factor. Moreover, the introduction of industry-specific web real-time communication (WebRTC) services to meet the escalating demand for cost-effective and user-friendly browser-based communication solutions is positively influencing the global market. Apart from this, the rising usage of rich media content and the elevating penetration of the internet and smartphones are also stimulating the market growth. Furthermore, the introduction of virtual environments and continuous technological advancements are anticipated to fuel the telecom cloud market over the forecasted period.

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Who are the key players operating in the industry?

• Amazon Web Services Inc. (Amazon.com Inc.)
• BT Group plc
• China Telecom Corporation Limited
• Dell Technologies Inc.
• Deutsche Telekom AG
• Google LLC
• International Business Machines Corporation
• Microsoft Corporation
• Nippon Telegraph and Telephone Corporation
• Oracle Corporation
• Singapore Telecommunications Limited
• Telefonaktiebolaget LM Ericsson
• Telstra Corporation Limited
• Telus Corporation and Verizon Communications Inc.

What is included in market segmentation?

The report has segmented the market on the basis of region, type, computing services, application and end user.

Breakup by Type:

• Public Cloud
• Private Cloud
• Hybrid Cloud

Breakup by Computing Services:
• SaaS
• IaaS
• PaaS

Breakup by Application:

• Computing
• Data Storage
• Achieving
• Enterprise Application
• Others

Breakup by End User:

• BFSI
• Retail
• Manufacturing
• Transportation and Distribution
• Healthcare
• Government
• Media and Entertainment
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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