USD 20.5 Billion
Report ID:
SQMIG45A2133 |
Region:
Global |
Published Date: August, 2024
Pages:
157
|Tables:
113
|Figures:
77
Telecom Cloud Market size was valued at USD 29.52 Billion in 2023 and is poised to grow from USD 35.42 Billion in 2024 to USD 152.32 Billion by 2032, growing at a CAGR of 20% during the forecast period (2025-2032).
Telecom cloud refers to a cloud infrastructure that helps telecommunication companies offer better and agile telecommunication services to its customers. Rising emphasis on improving operational efficiency and productivity of telecommunication operations is projected to bolster the demand for telecom cloud over the coming years. Rapid digitization and increasing demand for mobile data around the world are also estimated to create new opportunities for telecom cloud companies in the future. Rising use of software-defined networking and advent of 5G network technology is also projected to create new opportunities for telecom cloud companies going forward. Adoption of automation and IoT technology in telecommunication industry is also expected to boost revenue generation for telecom cloud providers. However, high initial investments, data privacy concerns, and complexity in integration are slated to be the key constraints for market growth in the long run.
Global Market Size
USD 20.5 Billion
Largest Segment
Solution
Fastest Growth
Solution
Growth Rate
20% CAGR
To get more reports on the above market click here to Buy The Report
The global telecom cloud market is segmented on the component, deployment, cloud service model, organization size, NFV software, and region. Based on component, the market is segmented into solution, platform and services (managed and professional). Based on deployment the market is segmented into private, public, and hybrid. Based on cloud service model, the market is segmented into software as a service, platform as a service and infrastructure as a service. By organization size the market is segmented into SMEs and large enterprises. Based on NFV software it is segmented into VNFS/CNFS and NFVI. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Telecom Cloud Market Analysis by Cloud Service Model
Software as a service model is projected to hold a dominant share in the global telecom cloud market. Subscription-based payments for software as a service (SaaS) models allows telecommunication companies to refrain from investing high capital initially. This model can also be automated as it completely digital and its deployment can further improve market growth potential over the coming years. New companies and start-ups are coming up with some unique innovations in SaaS segment.
Meanwhile, the demand for infrastructure as a service (IaaS) model is projected to increase at a rapid pace over the coming years. Adoption of IaaS models helps companies eliminate the high costs of infrastructure development and allows them to easily build a telecom cloud without needing to develop an infrastructure for the same. More and more companies are shifting their approach from CAPEX to OPEX and this is also expected to create new opportunities for market growth via this segment going forward.
Telecom Cloud Market Analysis by Organization Size
Large enterprises are projected to spearhead the adoption of telecom cloud across the study period and beyond. High adoption of cloud technologies by large enterprises to improve operational efficiency and cut costs is what allows them to hold a dominant stance in this market. Increasing emphasis on automation and enhancement of telecommunication services is also projected to promote adoption of telecom cloud solutions in large enterprises going forward.
On the other hand, the demand for telecom cloud in small and medium enterprises (SMEs) is slated to increase at a notable pace over the coming years. Adoption by SMEs is inspired by limited spending potential and emphasis on maximization of profits. Moreover, increasing affordability of telecom cloud solutions and services will also promote market development via this segment across the study period and beyond.
To get detailed analysis on other segments, Request For Free Sample Report
An established technological infrastructure helps North America become the most opportune market for telecom cloud companies. Rising use of cloud technologies and high investments in improvement of telecom infrastructure to facilitate better connectivity are helping this region hold a high market share. High use of 5G networks and rising investments of telecommunication companies in productivity enhancement are also aiding market growth. Canada and the United States remain the top markets for telecom cloud companies in this region.
Increasing deployment of 5G network technology in multiple countries such as Japan, China, Hong Kong, and India allow the Asia Pacific region to become the fastest-expanding market in the world. Rising demand for automation in telecommunication industry, high investments in new telecom infrastructure development, and growing digital transformation are slated to create new opportunities for telecom cloud companies going forward. Supportive government initiatives to promote connectivity in this region are also expected to boost telecom cloud demand.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Telecom Cloud Market Drivers
Deployment of 5G Networks
Emphasis on Improving Scalability
Telecom Cloud Market Restraints
Data Privacy Issues
Integration Issues with Legacy Systems
Request Free Customization of this report to help us to meet your business objectives.
Telecom cloud companies should focus on developing custom solutions for different companies to stand out in the market. Making affordable and accessible solutions for emerging markets will also be a key strategy for telecom cloud companies. Integration of advanced technologies such as artificial intelligence and Internet of Things (IoT) can also help market players enhance the efficiency of their services and solutions going forward. Collaborations will also be highly important for telecom cloud providers in the long run.
Top Player’s Company Profiles in Telecom Cloud Market
Telecom Cloud Market Recent Developments
5G Core Networks
Edge Computing Integration
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing digital transformation and rising demand for 5G networks are projected to boost the demand for telecom cloud over the coming years. However, data privacy concerns and high costs of deployment are estimated to slow down telecom cloud adoption in the future. Asia Pacific region is predicted to emerge as the most opportune market for telecom cloud companies owing to increasing digital transformation and advent of 5G technology. Large enterprises will spearhead telecom cloud demand across the study period. Integration of edge computing and development of 5G core networks will present lucrative opportunities for telecom cloud market players in the future.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 29.52 Billion |
Market size value in 2032 | USD 152.32 Billion |
Growth Rate | 20% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Telecom Cloud Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Telecom Cloud Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Telecom Cloud Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Telecom Cloud Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45A2133
sales@skyquestt.com
USA +1 351-333-4748