Telecom Cloud Market to Gain USD 126.93 Billion by 2031 | SkyQuest Technology
Westford, USA, Sept. 02, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Global Telecom Cloud Market will attain a value of USD 126.93 Billion by 2031, with a CAGR of 20% during the forecast period (2024-2031). The telecommunications cloud is a distributed computing network that mixes cloud-first technologies with network function virtualization as well as software defined networks. In case resources are spread across multiple locations and clouds, automation & orchestration become an indispensable part. This process of building a virtualized programmable network infrastructure through automation and AI is tagged as DevOps. Additionally, it encompasses integrating novel cloud enterprise practices which transform the framework for networks.
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Browse in-depth TOC on the ” Telecom Cloud Market “
- Pages – 157
- Tables – 62
- Figures – 75
Telecom Cloud Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $29.52 Billion |
| Estimated Value by 2031 | $126.93 Billion |
| Growth Rate | Poised to grow at a CAGR of 20% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Deployment, Cloud Service Model, Organization Size and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and the Rest of the world |
| Report Highlights | NFV and cloud services revolutionize network infrastructure |
| Key Market Opportunities | Demand for SDN and NFV-based cloud-native solutions to replace traditional networking model |
| Key Market Drivers | Growing Emphasis on Digital Transformation |
Solution Component to Dominate the Market Due to Customizable and Scalable Solutions
The reason for solution component’s dominance in the global telecom cloud market is that it can provide scalable, adaptable, and reliable solutions to meet a wide range of telecom requirements. With its operationally efficient service delivery, cost saving aspects, and speedy implementation of services, its flexibility enhances broad acceptance and strengthens its supremacy in the industry.
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Private Deployment as Largest Growing Sub-Segment Due to Huge Private Clouds Preference
The requirement for increased data security, regulatory compliance, and infrastructure control is what propels Private Deployment to its dominant position in the global telecom cloud market. Private clouds play a major role in the critical activities of telecommunications firms due to their ability to provide improved privacy and tailor-made services thus, remaining the kingpins of this sector.
Rapid Adoption of 5G Technology Helped North America to Dominate the Market
As of 2022, North America ruled the global telecommunications cloud terrain, and it is anticipated that this exercise will go on during prediction period. This region’s dominance can be attributed to the presence of major Telecom Cloud Service providers, early uptake of Cloud Tech, and advanced Telecommunication infrastructure.
Telecom Cloud Market Insight
Drivers:
- Regulations Increasing Demand for 5G Networks
- Growing Emphasis on Digital Transformation
- Emergence of 5G Standard and IoT Usage in 5G Catalyze Demand for Telco Cloud
Restraints:
- Security and Privacy Concerns
- Infrastructure and Connectivity Limitations
- Portability and Interoperability Issues
Prominent Players in Telecom Cloud Market
The following are the Top Telecom Cloud Companies
- AT&T Inc. (US)
- Verizon Communications Inc. (US)
- NTT Communications Corporation (Japan)
- Deutsche Telekom AG (Germany)
- Telefonica S.A. (Spain)
- Vodafone Group Plc (UK)
- Orange S.A. (France)
- China Telecom Corporation Limited (China)
- China Mobile Communications Corporation (China)
- BT Group Plc (UK)
Key Questions Answered in Global Telecom Cloud Market Report
- By 2031, how much is the global risk analytics market expected to be worth?
- Which of the following factors are anticipated to impede risk analytics’ market expansion during the projected period?
- Why does the global risk analytics market still favour on-premises deployment?
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This report provides the following insights:
- Analysis of key drivers (Fourth industrial revolution being underway, introduction of 5G has accelerated the digital transformation, rapid bandwidth improvements and superior end-user experiences), restraints (Uneven set of telecom products & services being offered, PaaS consists of complicated and technical layers and geographical location of application deployment is an issue), opportunities (Network infrastructure growing tremendously, Software-Defined Network have been developed using virtualization and SDN increased in the current digital era), and challenges (Random data loss happens from the cloud and new data overwritten on the old data) influencing the growth of telecom cloud market
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the telecom cloud market
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the telecom cloud market
- Market Development: Comprehensive information on lucrative emerging regions
- Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
- Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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