Uploaded on May 8, 2020
The global telecom cloud market is expected to grow from USD ~9 Billion in 2016 to USD ~ 29 Billion by 2022, at an estimated CAGR of ~20%
Telecom Cloud Market Forecast
Market Highlights
As per the current report by Market Research Future (MRFR), the global cryogenic equipment
market is expected to record up to USD 29 billion by 2022 from the USD 9 billion recorded in 2016,
at a 20% CAGR during the forecast period.
Drivers and Restraints
With the increasing importance of cloud computing in telecommunication industry various
applications areas and data are moved from on-premise to on-cloud to benefit the user by making
them connected to their data on server. The need for IT optimization that may lead to decreasing
costs, and more elasticity and speed has augmented the pace of growth of the market. Connectivity
raises the value of access networks and provides network service providers with new business
opportunities The major driving factor for expansion of telecom cloud market is IT modernization
which implies full utilization of public cloud services for availing advantages of cost saving and
innovation in a well-established up-to-date IT environment. Modern IT platform is also encouraging
the digital business. The improved transparency of major cloud providers will also contribute to the
growth of global telecom cloud market. Connectivity provided by telecom cloud raises the value of
access networks and provides new business opportunity to network service providers.
The growth of this market is slated to be hindered by security issue related to usage of public cloud
services in a protected manner.
Segmentation:
The telecom cloud market has been analysed on the basis of applications, solutions, services, end-
users and cloud platforms.
The services segment of the market comprises of network as a service and communication as a
service.
The segmentation of the telecom cloud market on the basis of applications encompasses billing,
customer management & provisioning, and traffic management among others.
The solutions segment consists of Content Delivery Network (CDN), WebRTC, Unified
Communication and Collaboration (UCC), and Over-the-Top (OTT), among others.
The cloud platform segment consists of SaaS, PaaS, and IaaS. The end-users segment includes
healthcare, banking, government, transportation, and entertainment among others.
Regional Analysis
The regional analysis of the telecom cloud market forecast covers areas such as Europe, North
America, Asia Pacific, and the rest of the world. The North American region is poised to lead the
telecom cloud market due to improved penetration of organization with the workforce having
strong technical knowledge and who are keen to quickly adopt the telecom cloud services for
improved connectivity and communication. It also provides enhanced technologies for sustaining
the telecom cloud market in the North American region. The Asia Pacific region will perceive
expansion in the review period due to government regulations associated with the adoption of best
in class technologies.
In the European region, a cloud initiative is offering telecom companies with an infrastructure for
storage and management of data and computers, given that the high-performance computers for
processing of data and high-speed connectivity for transfer of data. The telecom cloud market in the
European region is expected to place Europe as a data driven innovation thereby boosting and
improving the competitiveness of the digital market in Europe.
Competitive Landscape
The major market players in the global market for telecom cloud are China Telecommunications
Corporation (China), Telus Corporation (U.S.), NTT Communications Corporation(Japan), BT Group
PLC (U.K.), CenturyLink, Inc.(U.S.), AT&T Inc.(U.S.), T-Mobile International AG(Germany), Fusion
Telecommunications International, Inc.(U.S.), Verizon Communications, Inc.(U.S.), and Telstra
Corporation Limited (Australia) among others.
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