Market Highlights:
Telecom cloud Market is expected to grow with a CAGR of ~20% during the forecast period and expected to reach market size of USD ~29 Billion by the end of forecast period. Telecom cloud market is growing owing to the deployment of private networks, which are controlled and maintained by the telecommunication operators themselves, by co-location services providers, and to some extent, by their hardware and software providers. Telecom cloud is driving the benefits of cloud computing’s high availability, geographical distribution, and ease of usage. The telecom cloud market is further driven by the increased need of organizations for easy to implement and cost effective cloud based solutions and services. The increasing awareness about the telecom cloud in all organizations is supporting in the growth of this market.
The migration of telecom operators to cloud is reducing their concern over hardware & network maintenance by endorsing it to the cloud computing providers to supply highly available and consistent services and to fulfill the telecommunication services requirements. The market is further driven by the rising virtualization technique which provides easy & rapidly changing cloud network topology which facilitates the user in removing of machines based services.
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Major Key Players
- AT&T Inc.(U.S.),
- China Telecommunications Corporation (China),
- Telus Corporation (U.S.),
- T-Mobile International AG(Germany),
- Verizon Communications, Inc.(U.S.),
- Fusion Telecommunications International, Inc.(U.S.),
- NTT Communications Corporation(Japan),
- CenturyLink, Inc.(U.S.),
- BT Group PLC (U.K.)
- Telstra Corporation Limited (Australia)
The global Telecom Cloud Market is expected to grow from USD 9 Billion in 2016 to USD 29 Billion by 2022, at an estimated CAGR of 20%. The growth of this market is predicted to be constrained by security issue related to use of public cloud services in a secure manner.
Regional Analysis
The regional analysis of telecom cloud market is being studied for areas such as Asia pacific, North America, Europe and rest of the world. North America is expected to dominate the telecom cloud market owing to increased penetration of organization with employees possessing strong technical knowledge who are willing to rapidly adopt the telecom cloud services for better communication and connectivity. It also provides enhanced technologies for supporting the telecom cloud market in the North American region. Asia pacific will experience growth in forecast period owing to government regulations regarding adoption of best in class technologies. In Europe, a European cloud initiative is started to provide telecom companies with an infrastructure for storing and managing data and computers, providing high performance computers for processing of data and high speed connectivity for transportation of data. The telecom cloud of European region is expected to position Europe as data driven innovation thereby improving competitiveness and boosting the digital market of Europe.
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Segments:
The Global telecom cloud Market has been segmented on the basis of services, applications, solutions, cloud platform and end users. Services include communication as a service and network as a service. Applications comprises of billing, customer management & provisioning and traffic management among others. Solutions include Unified Communication and Collaboration (UCC), Content Delivery Network (CDN), WebRTC and Over-the-Top (OTT) among others. Cloud platform include SaaS, PaaS and IaaS. End users comprises of banking, healthcare, government, transportation and entertainment among others.
Intended Audience
- Telecom companies
- Service providers
- Consultancy firms
- Traffic control organization
- System integrator
- Cloud facilitators
- End users
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