DUBLIN--(BUSINESS WIRE)--The "Telecom Cloud Market Size, Share & Trends Analysis Report, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global telecom cloud market size is expected to reach USD 103.6 billion by 2030, according to this report. The market is anticipated to expand at a CAGR of 19.9% from 2022 to 2030.
Companies Mentioned
- Juniper Networks, Inc.
- IBM Corporation
- Mavenir
- Affirmed Networks
- Fortinet
- Orange
- Huawei Technologies Co., Ltd.
- VMWare
- Cisco
- Nokia
- Ericsson
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.
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
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, & Scope Outlook
3.1. Market Segmentation
3.2. Telecom Cloud Market Size & Growth Prospects
3.3. Telecom Cloud Market - Value Chain Analysis
3.4. Telecom Cloud Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Market Opportunity Analysis
3.5. Telecom Cloud Penetration & Growth Prospects Mapping
3.6. Telecom Cloud Market - Porter's Five Forces Analysis
3.7. Telecom Cloud Market - PEST Analysis
3.8. COVID-19 Impact Analysis
Chapter 4. Telecom Cloud Market Product Outlook
Chapter 5. Telecom Cloud Market Deployment Type Outlook
Chapter 6. Telecom Cloud Market Service Model Outlook
Chapter 7. Telecom Cloud Market Applications Outlook
Chapter 8. Telecom Cloud Market Enterprise Size Outlook
Chapter 9. Telecom Cloud Market: Regional Estimates & Trend Analysis
Chapter 10. Competitive Analysis
Chapter 11. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/xy743r
