Telecom Cloud Market Growth, Trends and Report Highlights
According to a new report Global Telecom Cloud Market, published by KBV research, The Global Telecom Cloud Market size is expected to reach $63.8 billion by 2027, rising at a market growth of 21.1% CAGR during the forecast period.
The Public Cloud market acquired maximum revenue share in the Global Telecom Cloud Market by Type 2020, thereby, achieving a market value of $30.6 billion by 2027. Public cloud is also an excellent fit for applications like service assurance, billing, and charging that run well on conventional CPUs and have no specific network needs. Furthermore, the public cloud is ideal for aiding innovation incubation and experimental initiatives. Owing to these benefits, this segment would expand during the forecast period.
The Data Storage market would showcase highest growth rate of 20.2% during (2021 - 2027). There is a huge amount of data generated across the companies that are important to store and analyze various trends prevailing in the market. Due to this, telecom companies are highly spending on telecom cloud storage solutions that would accelerate the growth of the segment over the forecast period.
The IaaS market is expected to witness a CAGR of 20.8% during (2021 - 2027). The cloud provider controls IT infrastructures such as storage, server, and networking resources and offers them to subscriber companies via virtual machines accessible over the internet in the IaaS model. Since, this model is gaining momentum, companies are deploying IaaS based solutions.
The Colocation Services market segment has highest growth rate of 22.5% during (2021 - 2027). It is because colocation services comprise the physical structure in which everything is kept, as well as networking, physical security, redundant power, and redundant cooling components, all of which support the customer's servers and storage.
The Large Enterprises market is generating high revenue of Global Telecom Cloud Market by Organization Size 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $32 billion by 2027. It is because these enterprises are readily investing in the latest solutions and services to streamline their process and operations, which is further escalating the growth of the segment over the forecast period.
The Retail & Consumer Goods market is expected to witness a CAGR of 23.2% during (2021 - 2027). The Healthcare market is expected to witness a CAGR of 22.3% during (2021 - 2027). Additionally, The Manufacturing market is expected to witness highest CAGR of 22.5% during (2021 - 2027).
The North America market is the fastest growing region in the Global Telecom Cloud Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $20,939.2 million by 2027. The Europe market is expected to witness a CAGR of 20.2% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 23% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/telecom-cloud-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Telstra Corporation, Orange S.A. (Orange Business Services), Telefonica S.A., Vodafone Group Plc, Deutsche Telekom AG, AT&T, Inc. (AT&T Intellectual Property), Verizon Communications, Inc., BT Group plc, Lumen Technologies, Inc., and SK Telecom Co., Ltd.
Global Telecom Cloud Market Segmentation
• Public Cloud
• Private Cloud and
• Hybrid Cloud
• Enterprise Application
• Data Storage
• Archiving, and
By Computing Services
• IaaS, and
By Services Type
• Network & Management Services and
• Colocation Services
By Organization Size
• Large Enterprises and
• Small & Medium Enterprises
• Retail & Consumer Goods
• Media & Entertainment and
• Rest of North America
• Rest of Europe
• South Korea
• Rest of Asia Pacific
• Saudi Arabia
• South Africa
• Rest of LAMEA
• Telstra Corporation
• Orange S.A. (Orange Business Services)
• Telefonica S.A.
• Vodafone Group Plc
• Deutsche Telekom AG
• AT&T, Inc. (AT&T Intellectual Property)
• Verizon Communications, Inc.
• BT Group plc
• Lumen Technologies, Inc.
• SK Telecom Co., Ltd.