Newly released Telecom Cloud Market analysis report by Future Market Insights reveals that global sales of Telecom Cloud Market in 2021 was held at USD 19.8 Billion. With 15.2% projected CAGR, the market is projected to reach a valuation of USD 99.4 Billion by 2032.
Public Cloud is expected to be the highest revenue generating category, projected to register an absolute dollar opportunity of 15.2% during 2022 – 2032.
| Attributes | Details |
|---|---|
| Global Telecom Cloud Market Size (2022) | USD 24 Billion |
| Global Telecom Cloud Market Size (2032) | USD 99.4 Billion |
| Global Telecom Cloud Market CAGR (2022-2032) | 15.2% |
| USA Telecom Cloud Market Size (2032) | 15% |
| USA Telecom Cloud Market CAGR (2022-2032) | USD 35.5 Billion |
| Key Companies Covered | Adobe Inc.; Alibaba Group Holding Limited; Amazon.com Inc.; Google LLC; International Business Machines Corporation; Microsoft Corporation; Oracle Corporation; Salesforce.com Inc.; SAP SE; Workday, Inc. |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
As per the Telecom Cloud Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2015 to 2021, the value of the Telecom Cloud Market increased at around 22% CAGR. With an absolute dollar opportunity of USD 75.3 Billion, the market is expected to reach a valuation of USD 99.4 Billion by 2032.
Rapid digitization is prompting companies to modify their operational landscapes to enhance the rate of operations and decrease their expenses. Businesses are adeptly capable of supporting their essential business operations, migrating workloads to the cloud, and preventing network latency by using cloud-based technologies and services.
Technologies such as AI and machine learning have resulted in the growth of cloud hosting by making it possible to access AI functions. In October 2020, Microsoft Corp. announced a collaboration with ZEISS Group to improve healthcare and production quality through analytics techniques.
Under this collaboration, ZEISS Group aimed to use Microsoft Azure like its cloud platform to deliver online experience to its German manufacturers, respond quickly to changing market circumstances, and boost performance and effectiveness.
Cyberattacks are projected to hit an all-time high with the advent of 5G technology. Ensured cybersecurity will be critical, necessitating the participation of enterprises and governments all around the world. To improve their products, some cloud vendors are collaborating with security suppliers.
In December 2019, Google Cloud announced partnerships with Fortinet, McAfee, and Palo Alto. Assuring excellent cloud security will aid telecom corporations in quickly shifting to the public cloud.
Owing to the growth in adoption of 5G technology, telecom businesses are considering cloud migration. As 5G becomes cloud-native from the beginning, telecom operators must migrate to the public cloud to operate and test container-based apps.
Amazon introduced its Amazon Wavelength 5G edge-computing system in December 2019, which aids in the development of apps for 5G network end-users. Verizon, Vodafone, and SK Telecom are among Amazon's market partners.
The lower operational cost structure, automated procedures, and expeditiousness of the public cloud give a critical push for telecom enterprises to shift to the service.
Principal Consultant
Organizations are inclined to focus on the protection of the information itself while any data-intensive processes are performed. Recently, several studies have revealed that around 60% of business-sensitive data on hard drives stays unsecure.
Some of the essential security services provided by vendors include encryption technology, authorization management, security systems, cloud connectivity, communication security, monitoring and auditing, and business continuity services.
Companies including Google LLP, Microsoft Corporation, and Amazon, for example, provide 99.9% uptime, relieving enterprises of the burden of supporting restoration facilities and backup infrastructure.
Telecom behemoths like AT&T and Verizon are collaborating with cloud services like Microsoft and Amazon to provide edge computing to network centers, since improvements are necessary for improved 5G deployment.
In 2021, North America led the Telecom Cloud Market with an overall revenue share of more than 40%. Companies in the United States place a high value on digitalization and are more often considered as early adopters of next-generation technology such as the Internet of Things, additive manufacturing, big data analytics, connected businesses, intelligent systems, AR, ML, and VR, as well as the most recent telecommunication technologies including 4G, 5G, and LTE.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The United States is expected to account for the largest market share of USD 35.5 Billion by the end of 2032 with North America being the dominant player and accounting for 38% of total sales.
The Ericsson-Intel Tech Hub would identify and prioritise innovations for the Ericsson Cloud RAN, which is driven by Intel technology in order to chart a course for future business software releases.
The companies have created a technological cluster in California, US. It focuses on the benefits that Ericsson Cloud RAN with Intel technology may offer, such as greater energy efficiency and network management, shorter time to market, and monetization of new business opportunities such as corporate apps.
Public Cloud segment is forecasted to grow at the highest CAGR of over 15.2% during 2022-2032. The use of the public cloud is an evolutionary path of technological evolution, operational adjustments, and service evolution.
The public cloud's technological progress, as well as larger cloudification activities, is a significant enabler for the digital telecom sector. CSPs can drive service convergence through intelligently integrating segregated internal processes owing to the operational advances in cloud efficiency.
The investment bank's intentions are similar to those of exchanges operator Nasdaq Inc. & CME Group Inc. which have collaborated with Amazon & Alphabet Inc.'s Google to shift data and eventually, trade services to the cloud. One of the several fastest-growing areas of technology is cloud computing which allows businesses to outsource data and manage storage to large computer corporations rather than managing the systems in-house.
Saudi Telecom Company has signed a joint venture contract with eWTP Arabia Innovation and technology Limited Company, Alibaba Cloud Private Limited, Saudi Company for Artificial Intelligence, and Saudi Information Technology Company to form a limited liability company specializing in cloud computing services.
The new Company's business model coincides with STC's business expansion goal, as well as Saudi Arabia's Vision 2030 towards hyper-scale cloud technology.
The BFSI segment is forecasted to grow at the highest CAGR of over 15.1% during 2022-2032. The BFSI industry has seen an expansion of online banking business, prompting lenders to adopt digital innovation, with cloud technology playing a crucial role.
Cloud computing has assisted organizations in the BFSI industry to reduce costs, boost innovation, develop customer relationships, and increasing flexibility. The cloud services have been expanding into the financial sector, an area that has lagged behind other industries as financial institutions face regulatory constraints and security concerns that limit how much they can operate on a public cloud.
Google Cloud has entered into agreements between HSBC Holdings Plc as well as Deutsche Bank AG. Microsoft Corp. and Alibaba Group Holding Ltd.
Jefferies Financial Group Inc. has collaborated with Amazon.com Inc. to deploy its information-technology systems to the cloud. This is the latest step by a financial business that has just begun to grow into cloud-based technology and data analytics. In a four-year arrangement with Amazon Web Services enables Jefferies to migrate its key business processes, internal and customer-facing apps, IT resources, as well as data to AWS.
The leading players in the global Telecom Cloud market are Alibaba Group Holding Limited, Amazon.com Inc., Google LLC, IBM Corporation; Microsoft Corporation, Oracle Corporation, and Salesforce.com Inc.
Several new firms are projected to enter the market as global demand for the product grows. This is likely to boost competition on a global basis. Furthermore, partnerships among present players to increase quality during the study period are likely to drive market expansion.
Similarly, recent developments related to companies in Telecom Cloud Market have been tracked by the team at Future Market Insights, which is available in the full report.
The global Telecom Cloud Market is worth more than USD 19.8 Billion at present.
The value of the Telecom Cloud Market is projected to increase at a CAGR of around 15.2% during 2022 – 2032.
The value of the Telecom Cloud Market increased at a CAGR of around 22% during 2015 – 2021.
The growing demand for over-the-top cloud services decreased operational and administrative expenses, and greater organizational awareness of telecom cloud is projected to shape the market.
The market for Telecom Cloud Market in US is projected to expand at a CAGR of around 15% during 2022 – 2032.
1. Executive Summary 2. Market Overview 3. Market Risks and Trends Assessment 4. Market Background 5. Key Success Factors 6. Global Market Demand Analysis 2015-2021 and Forecast, 2022-2032 7. Global Market Value Analysis 2015-2021 and Forecast, 2022-2032 8. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Type 8.1. Public Cloud 8.2. Private Cloud 8.3. Hybrid Cloud 9. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Cloud Computing Service 9.1. IaaS 9.2. PaaS 9.3. SaaS 10. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Application 10.1. Data Storage 10.2. Archiving 10.3. Computing 10.4. Enterprise Application 10.4.1. Cloud Delivery Model 10.4.2. Communication and Collaboration 10.4.3. Network Cloud Migration 10.4.4. Over-The-Top 10.5. Other Applications 11. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Service 11.1. Colocation Services 11.2. Network Services 11.3. Management Service 11.3.1. Content Management 11.3.2. Supply Chain Management 11.3.3. Business Support System (BSS) 12. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Organization Size 12.1. SMEs 12.2. Large Enterprise 13. Global Market Analysis 2015-2021 and Forecast 2022-2032, By End User 13.1. BFSI 13.2. Retail and Consumer Goods 13.3. Healthcare and Life Sciences 13.4. Media and Entertainment 13.5. Government 13.6. Automotive 13.7. Energy and Utilities 13.8. Others 14. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Region 14.1. North America 14.2. Latin America 14.3. Europe 14.4. Asia Pacific 14.5. Middle East and Africa (MEA) 15. North America Market Analysis 2015-2021 and Forecast 2022-2032 16. Latin America Market Analysis 2015-2021 and Forecast 2022-2032 17. Europe Market Analysis 2015-2021 and Forecast 2022-2032 18. Asia Pacific Market Analysis 2015-2021 and Forecast 2022-2032 19. Middle East and Africa Market Analysis 2015-2021 and Forecast 2022-2032 20. Key Countries Market Analysis 2015-2021 and Forecast 2022-2032 21. Market Structure Analysis 22. Competition Analysis 22.1. MICROSOFT 22.2. AWS 22.3. GOOGLE 22.4. ORACLE 22.5. IBM 22.6. AT&T 22.7. VERIZON 22.8. NTT COMMUNICATIONS 22.9. BT GROUP 22.10. TELEFONICA 23. Assumptions and Acronyms Used 24. Research Methodology
Explore Technology Insights
View Reports
Telecom Cloud Market
