The global Telecom Cloud Market size is expected to reach USD 103.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 19.9% from 2022 to 2030. A telecom cloud is a next-generation network architecture that integrates cloud-native technologies, network function virtualization, and software-defined networking into a distributed computing network. Orchestration and automation are essential since the computing and network resources are scattered across clouds and locations.
Telco
Cloud refers to shifting communications service providers (CSPs) from
vertically integrating proprietary hardware-based infrastructure networks to
cloud-based technologies. It is mainly used in the telecom business to refer to
multi-cloud computing. The propelling drivers of the telecom industry are
increased customer satisfaction, corporate agility, cost savings, and others.
Also, the usage of standard computational hardware and automation reduces CapEx
and OpEx resulting in increased adoption of telco cloud in the
telecommunication industry.
It
also delivers innovative bespoke B2B solutions, such as telcos may bring highly
customized corporate products to market rapidly and affordably. Telco cloud
makes it simple to collaborate with business service partners by providing
access to public cloud services from any device, at any time. Additionally, it
protects your consumers and profits from competitors; for instance, the telco
cloud enables operators to swiftly alter business models to test new goods,
services, and pricing schemes.
It
also makes setting up new consumer experiences and communication channels
easier. Furthermore, the lower CapEX and OPEX needs of telco cloud, better
service resilience, and capacity to respond swiftly to faults and demand
changes allow operators to maintain service levels and competitive pricing.
These advantages result in lower client attrition.
The
top trends in the telecom cloud industry are hybrid cloud hosting, Cloud Native
Network Functions (CNNF), and telecom cloud collaboration. A hybrid cloud merges
private and public clouds where the software and data are interoperable and
portable. It allows telcos to optimize the operations with various patterns to
manage workload. It improves resource allocation, optimizes infrastructure
spending, provides enhanced organizational agility, and offers the ability to
scale using the public cloud and controls available in the private cloud
deployment.
Also,
in the case of CNNF, Software-defined networking is replaced by NFV (Network
Functions Virtualization), which provides more independence from proprietary
servers and hardware. It provides a cloud-native architecture that combines
VNFs and CNFs while adopting 5G features. This will provide maximum market
coverage to telecom businesses looking to expand their services. Moreover,
telecom cloud collaboration includes partnerships between hyperscalers and
telcos which constitute a major cloud computing trend transforming the
business.
Cloud
service providers and telecom enterprises join forces to expand edge computing
collaboration and 5G. Telecom cloud service providers are increasing their
connectivity with the help of technology advancement to gain a competitive edge
over their peers and capture a significant market share.
Related Press Release@ Telecom Cloud Market Report
Telecom
Cloud Market Report Highlights
- Telecom cloud
computing is a software-defined structure that allows telecom businesses
to process and store data remotely in their data lakes or data processing
centers
- In May 2022,
Nokia also announced the launch of the cloud-native IMS (IP Multimedia
Subsystem) Voice Core product, which will help CSPs (Communication Service
Providers) to increase operational agility, simplify their network operations,
and decrease the cost of managing their network
- Based on the
component, the solution segment accounted for the largest revenue share of
over 60.2% in 2021 as it offers unified communication and collaboration,
content delivery networks, and other solutions
- The rising
internet and mobile device penetration are driving the adoption of
solutions. Additionally, exponentially expanding media content and demand
for rich video content among increasing internet users and the
digitalization trend among enterprises across end-user sectors drive the
demand for telecom cloud solutions
- The
deployment type segment comprises private, public, and hybrid cloud. The
private cloud segment dominated the market in 2021 and is expected to
witness a significant CAGR of 56.4% over the forecast period, owing to
several benefits offered by this segment such as improved control, better
security & data privacy, specialized computational resources such as
RAN, VNF, and edge apps and services, along with cost -efficiency
- Based on the
service model, the Software as a Service (SaaS) segment
accounted for the largest revenue share of over 55.7% in 2021 owing to its
potential to cut infrastructure expenses, shifting the cost base from
capex to opex
- In terms of
applications, the network, data storage & computing segment dominated
the overall market, gaining a revenue share of 34.4% in 2021. The
dominance of this segment is owing to its ability to perform several
functions such as web application development, improved scalability, batch
processing, and storage, hosting, and handling of peak workloads among
others
- In terms of
enterprise size, the large enterprises segment dominated the market in 2021
and is expected to witness a significant CAGR of 61.6% over the forecast
period owing to the growing adoption of cloud-based technologies, which
help small enterprises streamline their business operations
cost-effectively
Telecom
Cloud Market Segmentation
Grand
View Research has segmented the global telecom cloud market based on component,
deployment type, service model, application, enterprise size, and region:
Telecom Cloud
Component Outlook (Revenue, USD Billion, 2017 - 2030)
- Solution
- Services
- Professional
Services
- Managed
Services
Telecom
Cloud Deployment Type Outlook (Revenue, USD Billion, 2017 - 2030)
- Private
- Public
- Hybrid
Telecom
Cloud Service Model Outlook (Revenue, USD Billion, 2017 - 2030)
- Software as a
Service (SaaS)
- Platform as a
Service (PaaS)
- Infrastructure
as a Service (IaaS)
Telecom
Cloud Application Outlook (Revenue, USD Billion, 2017 - 2030)
- Network, Data
Storage, and Computing
- Traffic
Management
- Cloud
Migration
- Others
Telecom
Cloud Enterprise Size Outlook (Revenue, USD Billion, 2017 - 2030)
- Large
Enterprises
- SMEs
Telecom
Cloud Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- South America
- Brazil
- Mexico
- Middle East
& Africa
List
of Key Players of Telecom Cloud Market
- Juniper
Networks, Inc.
- IBM
Corporation
- Mavenir
- Metaswitch
Network
- Affirmed
Networks
- Fortinet
- Orange
- Huawei
Technologies Co., Ltd.
- VMWare
- Cisco
- Nokia
- Ericsson
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
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