Report ID: SQMIG45A2133
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.
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Report ID: SQMIG45A2133