During the last few decades, the telecom industry was badly affected by the drop in the business of landlines. For the telecom industry, integration of cloud computing offers potential for significant improvements which enables virtualization of storage, servers, and networks, increases utilization of available system resources, and reduces infrastructure cost. Telecom cloud refers to the shift in telecommunication industries from the traditional machine based landline services to cloud computing services which enable the utilization of networking resources efficiently. Telecom cloud delivers immediate technical and profitable business values with minimal management effort or service provider interaction. Moreover, cloud computing lowers the cost of infrastructure, and resources are shared more efficiently.
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In more recent times, many technological advancements have taken place in the telecom cloud market. BFSI, retail, transportation, and media & entertainment sectors widely use telecom cloud technology. Therefore, the telecom cloud market is expected to expand at a rapid pace in the coming years. Increase in the use of cloud infrastructure across the world is primarily driving demand for telecom cloud computing. This is anticipated to drive the market over the forecast period. Moreover, increase in demand for telecom cloud from the BFSI industry is expected to fuel the telecom cloud market in the near future. However, high risk of data security and information loss is projected to inhibit the growth of the telecom cloud market across the world. The telecom cloud market is likely to reach a value of US$ 55.29Bn by 2026 from US$ 12.63Bn in 2017, expanding at a CAGR of 18.2% during the forecast period.
Based on type, the telecom cloud market can be segmented into solutions and services. The Unified Communication and Collaboration (UCC) solutions sub-segment accounted for a significant market share globally in 2017. The sub-segment is projected to hold its leading position over the forecast period. The Content Delivery Network (CDN) solutions sub-segment is estimated to expand at a rapid pace during the forecast period. The implementation of CDN among businesses across large and small scale industries is expected to grow as it provides scalability to meet the demand of changing technologies, helps to reduce workload of the network administration, and saves business cost.
Based on type, the services segment accounted for the major share in the global telecom cloud market 2017 and is projected to maintain its position in the coming years. Under the services segment, network services occupied significant market share globally in the telecom cloud market. Network services which include network virtualization of the telecom cloudmarket is witnessing potential growth due to the growing need to support telecom infrastructure across the globe.
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In terms of cloud platform, the Software-as-a-Service (SaaS) segment accounted for major share of the market and is estimated to maintain its leading position over the forecast period. The rapid growth of on demand services in the consumer world has led to the growth of Software-as-a-Service (SaaS) solutions in the business environment. Infrastructure as a service (IaaS) cloud platform is likely to hold a prominent market share during the forecast period. This is because IaaS helps in management and monitoring of remote data center infrastructure. Applications of this market segment are billing & provisioning, traffic management and others.
The report includes a detailed ecosystem analysis and opportunity analysis, which is focused on providing an extensive view of the global telecom cloud market. Porter’s Five Forces analysis is also provided to understand the competitive scenario in the global telecom cloud market. The study incorporates telecom cloud market attractiveness analysis, in which market segments such as solutions and services are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity. In order to provide a complete analysis of the overall competitive scenario in the telecom cloud market, attractiveness analysis of every geographic region mentioned in the report has been provided.
An overview of the telecom cloud market detailing key trends and dynamics has been included to provide a clear understanding of market ecosystem forces. The dynamics include impact analysis of market restraining factors, and drivers and opportunities for the telecom cloud market. Additionally, the report provides analysis of business strategies adopted by market leaders in the telecom cloud market. Trends and services related to telecom cloud systems along with their applications have also been explained in the report.
Global Telecom Cloud Market: Scope of the Report
The study provides a decisive view on the global telecom cloud market, broadly segmented based on type into solutions and services; based on cloud platform type into Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Business Continuity as a Service (BCaaS), and Infrastructure-as-a-Service (IaaS); and in terms of industry vertical into banking, financial services, and insurance (BFSI), retail, healthcare, media & entertainment, transportation, and others. Further, the report provides a detailed breakdown of the telecom cloud market across geographic regions, which include North America, Europe, Asia Pacific, Middle East & Africa, and South America, thus providing valuable insights at the micro and macro levels.
