Press release
Telecom Cloud Market Size Analysis, Growth, Top Regions, Key Players and Forecast to 2031
Telecom Cloud Market
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The IPCEI-CIS program aims to establish a common European "Cloud-Edge Continuum" - one shared cloud-edge infrastructure for Europe, with no internal borders. To this end, several billion euros will be invested within Europe to foster future data connectivity. The initiative seeks to establish a common set of technical standards, a shared regulatory framework, and sustainability requirements for European edge-cloud technology. This will encourage the development of pan-European solutions which leverage the continent's scale and deepen the single market for digital services.
According to EC, public cloud services spending in Europe will total $142 billion in 2023 and will reach $291 billion by 2027, recording a five-year (2022-2027) compound annual growth rate (CAGR) of 20%. Software-as-a-service (SaaS) will continue to drive most of the spending, while platform-as-a-service (PaaS) will remain the fastest-growing area. Banking, retail, and telecommunications will be the top spending industries in public cloud in 2023, accounting for 26% of the overall market value. The growing investment in public cloud by telecom sector is further contributing to the global market growth.
Full report of Telecom Cloud Market available @ https://www.omrglobal.com/industry-reports/telecom-cloud-market
Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
o By Component
o By Cloud Platform
o By Deployment Model
o By Organization Size
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- including AT&T Inc, BT Group PLC, Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., and Telstra Corporation Ltd. among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Telecom Cloud Market Report Segment
By Component
Platform
Solution
Services
By Cloud Platform
Software-as-a-Service
Infrastructure-as-a-Service
Platform-as-a-Service
By Deployment Model
Public Cloud
Private Cloud
Hybrid Cloud
By Organization Size
SMEs
Large Enterprises
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/telecom-cloud-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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