Telecom cloud means cloud computing offerings and services particularly developed for the telecommunications sector. Telecom cloud involves an array of cloud technologies and platforms that help telecommunication operators to virtualize the network functions, unify the IT infrastructure, and provide a plethora of services across the internet. Telecom cloud offerings use virtualization, automation, and orchestration to make networks more efficient, scalable, and agile, coupled with the minimizing of operational costs.
The growing take-up of 5G technology across the world is pushing telecom operators to upgrade their network infrastructure and capabilities, for which strong cloud solutions in terms of scalability, flexibility, and management are ensuring efficient utilization of the network resources are fueling the market size of telecom cloud to exceed USD 50.34 Billion worth in 2024 to value approximately USD 269.99 Billion by 2035.
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Apart from this, the growth of IoT devices and applications is creating enormous amounts of data that must be processed, stored, and analyzed in real-time. Telecom cloud platforms provide the scalability and computing capabilities required to handle IoT deployments in different industries like smart cities, healthcare, automotive, and agriculture which is making the telecom cloud market grow at a CAGR of 29.67% during the period 2024-2035.
Will North America’s Highly Developed Telecommunications Infrastructure Mature Telecom Cloud Market?
North America leads the telecom cloud market due to a number of strong reasons. First and foremost, the region has an extremely advanced telecommunication infrastructure along with a solid eco-system of cloud and technology providers. The same provides a platform for accelerated cloud technology uptake and integration among telecommunication operators for augmenting service quality as well as efficiency of operations.
Second, North America is the pace-setter when it comes to technological advancements and innovation, most notably in aspects like the rollout of 5G networks, IoT enablement, and AI-based applications. The regional telecom operators make use of cloud-based solutions in rolling out virtualized network functions (VNFs), Software-as-a-Service (SaaS) offerings, and other cloud services in response to mounting demand for fast-speed connectivity, minimal latency, and customized customer experience.
Competitive Landscape
The global telecommunications cloud market is a highly dynamic space with many competitors. It is an area characterized by partnerships, innovation, and attention to cost-effective scalable solutions. All these create fierce competition that, in turn, fuels technology breakthroughs that finally benefit telecom operators who aim to maximize their network and provide quality services. These are some of the leading competitors in the telecommunication cloud space:
NTT Communications Corporation
Singapore Telecommunications Limited
CenturyLink, Inc.
Level 3 Communications, Inc.
Verizon Communications Inc.
BT Group Plc, AT&T Inc.
Orange Business Services
Ericsson, Deutsche Telekom
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Latest Developments
In April 2021, Momentum Telecom, a worldwide provider of cloud voice, managed network, and unified communications solutions, made an announcement about completion of its transaction to acquire Altus Technology, a leading provider of cloud-based unified communications solutions based in Nashville, Tennessee.
Cisco announced in December 2020 about the acquisition of cloud communications software and service provider IMImobile, which would enable Cisco to offer its business customers with an end-to-end customer interaction management solution.
Telecom Cloud Market, By Category
Deployment Model
- Private
- Hybrid
- Public
Enterprise Type
- Large Enterprises
- Small & Medium Enterprises
Function Type
- Virtual Network Function (VNF)
- Cloud-native Network Function (CNF)
Service Type
- SaaS
- laas
- PaaS
Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
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