The global telecom cloud market is expected to reach USD 83.00 Billion by 2028, according to a new report by Reports and Data. OTT (Over-the-top) consumers demand more flexibility in scheduling, arranging videos, live events, and recording of favorite shows, thereby pushing the service providers to opt for more resources, infrastructure scalability, and computing resources to cater demands. By adopting a cloud-based workflow, video service providers can efficiently hand off duty for the infrastructure and networking supporting their OTT services. Telecom cloud can be instrumental in meeting the needs of OTT service providers, thus resulting in the growth of the market.
The telecom cloud leads to low operational costs, which is expected to drive the market growth in the forecast period. By deploying cloud computing, service providers can host services and software at a considerably lower cost. Provisioning and virtualization software allows organizations to efficiently assign computing resources, thus lowering the cost of hardware. Service providers can locate facilities at low-cost locations, provisioning, which cannot be replicated by most enterprises, resulting in low up-front costs.
Additionally, the proliferation of the internet, especially in developing nations, is expected to propel the growth of the telecom cloud market in the upcoming years.
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Further key findings from the report suggest
- By offering, solutions contributed to a larger market share in 2018 as the solution offerings in the market comprise unified communication and collaboration (UCC), content delivery network (CDN), and other solutions.
- By service type, SaaS dominated the market in 2018 and is expected to witness a growth rate of 19.2% in the forecast period. The swift growth of on-demand services among consumers has resulted in a high demand for this service type in the telecom cloud market.
- By organization size, small medium-sized enterprises are expected to witness a higher CAGR of 20.5% in the period 2020-2028 as services and solutions have the potential to produce enhanced efficiency, quality, and business productivity.
- By industry verticals, BFSI held the largest market share in 2018 and is expected to grow at a rate of 19.6% in the forecast period.
- North America dominated the market in 2018 and is expected to experience a growth rate of 19.1% in the forecast period. The market dominance of North America is attributed to the presence of leading telecom companies mainly in the U.S. and Canada
- Key participants include ATT Inc., Verizon Communications Inc., Ericsson, Deutsche Telekom, BT Group PLC, CenturyLink Inc., Orange Business Services, NTT Communication Services, Singapore Telecommunications Limited, and Telstra Corporation Limited, among others.
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Market Segmentation:
The global Telecom Cloud market report covers a detailed analysis of the market segmentation to provide key insights into the scope of the market expansion. The global Telecom Cloud market has been segregated on the basis of product types, applications, end-users, and key regions of the industry.
Offering Outlook (Revenue, USD Million; 2018-2028)
- Solution
- Services
Service Type Outlook (Revenue, USD Million; 2018-2028)
- Infrastructure as a Service (IaaS)
- Software as a Service (SaaS)
- Platform as a Service (PaaS)
- Community as a service (CaaS)
- Network as a Service (NaaS)
Deployment Mode Outlook (Revenue, USD Million; 2018-2028)
- Public Cloud
- Private Cloud
- Hybrid Cloud
Organization Size Outlook (Revenue, USD Million; 2018-2028)
- Small Medium-Sized Enterprises
- Large Enterprises
Application Outlook (Revenue, USD Million; 2018-2028)
- Billing Provisioning
- Traffic Management
- Others
Industry Verticals Outlook (Revenue, USD Million; 2018-2028)
- BFSI
- Retail
- Manufacturing
- Transportation
- Government
- Media Entertainment
- Healthcare
- Others
Regional Analysis:
The regional bifurcation of the Telecom Cloud market report is a comprehensive segment that covers a thorough analysis of the market dynamics and offers critical insights on import/export ratio, supply and demand dynamics, revenue share, market size, market share, industry analysis, production and consumption patterns, and the current and emerging trends of each region. The report also offers a country-wise analysis to confer a better understanding of the market.
The prominent geographical regions of the market include:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Competitive Landscape:
The global Telecom Cloud market report covers a comprehensive overview of the market’s competitive landscape, providing a detailed analysis of the company profile, product portfolio, market position, global network, revenue share, profit margins, technological and product advancements, and SWOT analysis of each player. The report also provides extensive insights into strategic business expansions such as mergers acquisitions, collaborations, corporate deals, distribution partnerships, and product launches, among others.
Key Highlights from the Report:
- Detailed overview of the Telecom Cloud market in the forecast years
- Accurate estimation through in-depth analysis of key market trends and features
- Extensive regional analysis and insights regarding the regions projected to exhibit lucrative growth
- Comprehensive analysis of the competitive landscape
- Study of the recent development and trends in the market
Browse Complete Report “Telecom Cloud Market” @ https://www.reportsanddata.com/report-detail/telecom-cloud-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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