The Telecom Cloud market is anticipated to grow at a considerable CAGR of 20.9% during the forecast period. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace this is anticipated to positively impact market growth. Hence, owing to the development and manufacturing of innovative solutions the telecom cloud market is augmenting its growth over the forecast period. For instance, In July 2019, AT&T Communications and Microsoft Corp. are embarking on an expansive, multi-year alliance where the two companies will use technologies, such as cloud, AI, and 5G, to enhance people’s lives and work. Microsoft will be the preferred cloud provider for non-network applications, as part of AT&T’s broader public cloud-first strategy, and will support AT&T as it reduces its data center infrastructure and operations.
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The growing digital transition among industries, rise in penetration of internet & mobile devices, and considerable rise in big data consumption a key factors driving the regional market growth. The presence of large end-user base international players is focusing on entering the Asia-Pacific telecom cloud market. For instance, in September 2023, the US-based Arrcus is in talks with Indian telecom operators, cloud companies, and web-scale companies to provide them with its networking solutions, including routing and switching. The company aims to take on bigger rivals such as Juniper, Cisco, and VMware by offering 30-40.0% cost reduction through reducing the complexity of the network in India.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Telecom Cloud Market Report Segment
By Type
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Cloud Platform
- Software-as-a-Service
- Infrastructure-as-a-Service
- Platform-as-a-Service
By Services
- Colocation Services
- Network Services
- Professional Services
- Managed Services
By Application
- Data Storage
- Billing and Provisioning
- Traffic Management
- Enterprise Application
- Other (Achieving, and Computing)
Telecom Cloud Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Telecom Cloud market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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