IMARC Group’s report titled “Telecom Cloud Market Report by Type (Public Cloud, Private Cloud, Hybrid Cloud), Computing Services (SaaS, IaaS, PaaS), Application (Computing, Data Storage, Achieving, Enterprise Application, and Others), End User (BFSI, Retail, Manufacturing, Transportation and Distribution, Healthcare, Government, Media and Entertainment, and Others), and Region 2024–2032”. The global telecom cloud market size reached US$ 41.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 180.8 Billion by 2032, exhibiting a growth rate (CAGR) of 17.5% during 2024–2032.

Grab a sample PDF of this report: https://www.imarcgroup.com/telecom-cloud-market/requestsample

Factors Affecting the Growth of the Telecom Cloud Industry:

● Increasing Demand for Cloud Services:

As businesses and consumers increasingly adopting cloud services, the demand for reliable, high-speed connectivity is growing. Telecom companies are expanding their cloud infrastructure to meet this need, ensuring seamless access to cloud applications and services. Cloud services offer scalable resources, allowing businesses to easily adjust their infrastructure based on changing needs. Telecom providers capitalize on this by offering flexible cloud solutions that cater to varying demand levels, from small businesses to large enterprises.

● Internet of Things (IoT) Growth:

IoT devices generate vast amounts of data that need to be collected, processed, and stored. Telecom cloud services provide the necessary infrastructure to handle this data efficiently, offering scalable storage solutions that can grow with the increasing number of IoT devices. IoT devices require robust and reliable connectivity to function effectively. Telecom companies are expanding their cloud-based connectivity solutions, including IoT-specific networks, such as Narrowband IoT (NB-IoT) and LTE-M, to support the seamless operation of IoT devices.

● Edge Computing:

IoT devices generate vast amounts of data that need to be collected, processed, and analyzed. Telecom cloud infrastructure provides the necessary storage and computing power to manage this data effectively. Many IoT applications require real-time data processing and low latency. Telecom cloud services enable efficient data processing close to the source, ensuring timely responses and actions. The proliferation of IoT devices demands scalable infrastructure. Telecom cloud services offer the flexibility to scale resources up or down based on the number of connected devices and the volume of data they generate.

Explore full report with table of contents: https://www.imarcgroup.com/telecom-cloud-market

Leading Companies Operating in the Global Telecom Cloud Industry:

1. Amazon Web Services Inc. (Amazon.com Inc.)

2. BT Group plc

3. China Telecom Corporation Limited

4. Dell Technologies Inc.

5. Deutsche Telekom AG

6. Google LLC

7. International Business Machines Corporation

8. Microsoft Corporation

9. Nippon Telegraph and Telephone Corporation

10. Oracle Corporation

11. Singapore Telecommunications Limited

12. Telefonaktiebolaget LM Ericsson

13. Telstra Corporation Limited

14. Telus Corporation

15. Verizon Communications Inc.

Telecom Cloud Market Report Segmentation:

By Type:

1. Public Cloud

2. Private Cloud

3. Hybrid Cloud

Public cloud represents the largest segment due to its scalable and cost-effective solutions, making it the preferred choice for many organizations in the telecom sector.

By Computing Services:

1. SaaS

2. IaaS

3. PaaS

SaaS accounts for the majority of the market share as software as a service (SaaS) provides easy access to applications over the internet, reducing the need for extensive IT infrastructure and maintenance.

By Application:

1. Computing

2. Data Storage

3. Achieving

4. Enterprise Application

5. Others

Computing exhibits a clear dominance in the market. Computing applications are fundamental for processing and managing the vast amounts of data generated in the telecom industry.

By End User:

1. BFSI

2. Retail

3. Manufacturing

4. Transportation and Distribution

5. Healthcare

6. Government

7. Media and Entertainment

8. Others

BFSI holds the biggest market share owing to the reliance of this sector on telecom cloud services for secure, scalable, and efficient data management and transaction processing.

Regional Insights:

1. North America (United States, Canada)

2. Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

3. Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

4. Latin America (Brazil, Mexico, Others)

5. Middle East and Africa

North America enjoys the leading position in the telecom cloud market on account of its advanced technological infrastructure, high adoption rates of cloud services, and significant investments in telecom innovations.

Global Telecom Cloud Market Trends:

The rollout of 5G technology is driving the demand for telecom cloud services, enabling faster data speeds, low latency, and enhanced connectivity for various applications. The increasing adoption of Internet of Things (IoT) devices necessitates advanced cloud infrastructure for data processing, storage, and real-time analytics, boosting the telecom cloud market. The rising importance of edge computing to reduce latency and improve data processing efficiency is pushing telecom providers to integrate edge solutions into their cloud services. Telecom companies are leveraging AI and machine learning (ML) for network optimization, predictive maintenance, and enhanced customer service, driving the need for robust cloud computing capabilities.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1–631–791–1145 | United Kingdom: +44–753–713–2163