Telecom Cloud Market is Growing with a CAGR of 20% and Reach USD 29 Billion by 2022
Global Telecom Cloud Market, by Services (Communication as a Service, Network as a Service), by Applications (Billing, Customer Management, Provisioning & Traffic Management), by Cloud Platform (SaaS, PaaS, IaaS) – Forecast 2022
Pune, India – January 27, 2017 /MarketersMedia/ —
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.
Market 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)
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Telecom cloud Market
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 and 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.
Market Research Analysis:
Market Research Future Analysis shows that the billing application of telecom cloud is growing rapidly owing to the increasing need of real time billing, increasing adoption of cloud based services by telecom companies, increase in mobile penetration leading to higher subscriber growth and the reduction in operational and administration cost required for physical billing. However, it is also estimated that the billing application can face challenges such as the rules and regulations imposed by telecom regulatory authorities which might hamper the market growth.
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Geographically, North America is expected to grow the highest in the telecom cloud market in the forecast period. The market is led by the increased technical knowledge base possessed by the North America industries and adopting cloud based technologies by the telecommunication sector. Europe, on the other hand, has a base of well-developed infrastructure which helps in deployment of high bandwidth network and efficient use of existing big data with telecommunication organizations in the region. Furthermore, Asia pacific region is gaining importance in 3G and 4G technologies in the developing nations namely China and India which is acting as a driving force for telecom cloud market growth in this region. Also, in Asia pacific region telecom cloud providers deploy private cloud solutions, provide interconnects to third-party cloud providers and facilitates easy movement of workloads across various cloud environments which is helping in market growth of telecom cloud in the region.
Intended Audience
• Telecom companies
• Service providers
• Consultancy firms
• Traffic control organization
• System integrator
• Cloud facilitators
• End users
Related Report
Multi Cloud Management Market, by Deployment (Private, Public, Hybrid), by Application (BFSI, Healthcare, Retail, Telecommunication, Life-Science), by Services (Managed services, Task migration, Cloud automation) – Forecast 2022 https://www.marketresearchfuture.com/reports/multi-cloud-management-market
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Source: MarketersMedia
Release ID: 165029
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