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Telecom Cloud Market Trends

Report ID: GMI6066
Published Date: Jul 2024
Report Format: PDF

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Telecom Cloud Market Trends

Telecom operators are embracing multi-cloud strategies to leverage the benefits of different cloud service providers. Instead of relying on a single cloud platform, operators use multiple cloud providers for specific purposes such as IaaS, PaaS, or SaaS. This approach allows operators to optimize costs, gain access to specialized services, and avoid vendor lock-in. It also provides flexibility and resilience by distributing workloads across multiple clouds.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Telecom cloud industry size was USD 27.1 billion in 2023 and will record over 19.5% CAGR between 2024 and 2032 due to the rising proliferation of smartphones, IoT devices, and bandwidth-intensive applications worldwide.

The service component segment held over 35% of the telecom cloud industry share in 2023 driven by the growing complexity of telecom cloud environments and the higher demand for professional and managed services.

North America telecom cloud industry share is estimated to witness 18% CAGR from 2024-2032 owing to the well-established telecommunications operators and service providers in the region.

AWS, Cisco, Ericsson, Fortinet, Google, Huawei Technologies Co., Ltd., IBM Corporation, Juniper Networks Inc., Microsoft Corporation, Nokia, Oracle Corporation, Orange, Salesforce, Verizon Communication, and VMWare are some key telecom cloud companies.