Telecom Cloud also called as Telco Cloud is a term used to represent the data centers and associated infrastructure which carrier companies need to deploy and manage mobile networks with data transfer abilities. The advancement in Telecom sector, from 2G spectrums to 3G, 4G, LTE networks and the latest 5G technology majorly changed the telco cloud infrastructure. Moreover, the employment of cloud services will minimize the overall operational costs and provides flexibility of prices in products and services provided. The IT organizations and telecommunication industry are the most prominent driving force of the telecom cloud market. The key drivers of this developing market are the modernization of information technology. The modernization process in the IT domain represents optimum usage of the resources and cloud services in deriving the benefits in a modern and efficient environment. The advancements in the telecom cloud market outlook resulted in the idea of more cost-saving methods and augment the idea of innovation. Even in the pandemic, the key driving factors were able to uphold the market value. Since, people stayed at home in lockdown and companies preferred to enable working remotely, the significant consumption of data led to a rise in the demand for the telecom cloud industry. The global market economy owing to the telecom cloud market size will increase exponentially as it is able to create demand even in vital circumstances. On the other hand, the portability and interoperability problems and cyber attacks may hamper the market growth.

Furthermore, the advent of cloud computing in the telecom market industry resulted in the shifting of data and various application areas towards on-cloud instead on on-premise to create new business opportunities in the telecom cloud market. The migration of the telecommunication industry towards on-cloud increases the user base as it interests them in connecting to their information on the server. The complete communication industry believes in controlling working practices locally, which in turn improves their local presence and creates a robust bond between enterprises and customers. Hence, with the IT modernization and telecommunication industries deploying cloud computing, the telecom cloud market will reach its highest potential. Furthermore, the demand for a private 5G network is also constantly rising nowadays. This has resulted in enhanced efficiency and also offered flexibility to the network and has paved way for telecom cloud market.

The global Telecom Cloud Market is segregated on the basis of component as Solution and Service. Based on Industry Vertical the global Telecom Cloud Market is segmented in BFSI, Retail and Consumer Goods, Healthcare and Life sciences, Government and Public Sector, Transportation and Distribution, Media and Entertainment and Others. Based on Applications the global Telecom Cloud Market is segmented in Billing and Provisioning, Traffic Management and Others.

The global Telecom Cloud Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Telecom Cloud Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

AT&T Inc., BT Group PLC, Verizon Communications Inc., Level 3 Communications Inc., Telefonaktiebolaget L.M. Ericsson and others are among the major players in the global Telecom Cloud Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In December 2020, SK Telecom introduced SKT 5GX Edge, a 5G edge cloud service. It offers users with ultra-low latency for data-intensive services by linking to AWS Wavelength Zones installed in SK Telecom's telecommunications offices in South Korea.
• In June 2020, Google introduced a cloud region in Spain which will leverage Telefonica's Madrid region infrastructure. This collaboration also aimed at the country's economic recovery post-COVID-19 by stimulating the digitalization of companies and supporting Spain's public administration.
• In September 2020, AT&T entered into a multi-year partnership with Microsoft, enabling Microsoft AT&T’s preferred cloud provider for non-network applications. AT&T, in its public statement, declared it would shift most of its non-network workloads to Azure by 2024.

The global Telecom Cloud Market has been segmented as below:

Telecom Cloud Market, By Component

• Solution
• Service

Telecom Cloud Market, By Industry Vertical

• BFSI
• Retail and Consumer Goods
• Healthcare and Life sciences
• Government and Public Sector
• Transportation and Distribution
• Media and Entertainment
• Others

Telecom Cloud Market, By Applications

• Billing and Provisioning
• Traffic Management
• Others

Telecom Cloud Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Telecom Cloud Market, By Company

• AT&T Inc.
• BT Group PLC
• Verizon Communications Inc.
• Level 3 Communications Inc.
• Telefonaktiebolaget L.M. Ericsson
• Deutsche Telekom
• NTT Communications Corporation
• CenturyLink, Inc.
• Singapore Telecommunications Limited
• Orange Business Services
• Vodafone Group PLC
• China Telecom
• Lumen Technologies Inc.
• Nippon Telegraph and Telephone Corporation
• Telstra Corporation Limited
• SK Telecom Co. Ltd
• Saudi Telecom Company

The report covers the below scope:

• Global Telecom Cloud Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Telecom Cloud Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Telecom Cloud Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Telecom Cloud Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Telecom Cloud Market share. Major industry players with significant revenue share include AT&T Inc., BT Group PLC, Verizon Communications Inc., Level 3 Communications Inc., Telefonaktiebolaget L.M. Ericsson and others.

Why to Buy this Report:

• Gain detailed insights on the Telecom Cloud industry trends
• Find complete analysis on the market status
• Identify the Telecom Cloud Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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