Wilmington, Delaware, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Global Telecom Cloud Market value is estimated at US$ 23.6 billion in 2023 and is expected to grow at a significant CAGR of over 19.2% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
The global telecom cloud market is anticipated to grow at a strong CAGR of around 2023-2030. 5G networks require cloud-based infrastructure to support their high-speed, low-latency communication capabilities. Telecom operators are increasingly deploying cloud-based solutions to build and operate their 5G networks. Cloud-native telecom services offer a number of benefits over traditional telecom services, such as scalability, flexibility, and agility. Telecom operators are increasingly offering cloud-native telecom services to meet the needs of their customers.
Moreover, OTT services, such as Netflix, Amazon Prime Video, and YouTube, are becoming increasingly popular. Telecom operators are using cloud-based solutions to deliver OTT services to their customers. Telecom operators are facing increasing competition from OTT service providers. Cloud-based solutions can help telecom operators to reduce their costs and improve their efficiency.
- According to a deep-dive market assessment by RationalStat, the global telecom cloud has been analyzed on the basis of market segments, including type, crop type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global telecom cloud covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global telecom cloud. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Telecom Cloud Market: Segmental and Market Share Analysis
- On the basis of application, the Billing and Provisioning segment dominates the global telecom cloud market. Telecom operators are facing increasing pressure to improve their billing and provisioning efficiency. Cloud-based billing and provisioning solutions can help telecom operators to automate their billing and provisioning processes, reduce costs, and improve customer service.
- Based on end user, the BFSI (Banking, Financial Services and Insurance) sector is the dominating end user segment in the global telecom cloud market. Banks and other financial institutions are subject to strict regulatory requirements. Cloud-based solutions can help banks and other financial institutions to comply with these regulatory requirements in a cost-effective and efficient manner.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 23.6 billion |
| Market Size Forecast | US$ 80.9 billion |
| Growth Rate | 19.2% |
| Key Market Drivers |
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| Dominating Region |
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| Dominating Segment |
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| Companies Profiled |
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Competition Analysis and Market Structure
Market players in the global telecom cloud market offer a wide range of telecom cloud solutions, including infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). They also offer a variety of value-added services, such as managed services, consulting, and training.
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global telecom cloud include,
- In August 2023, Broadcom expanded into the software market to boost its server business and acquired two complementary firms CA Technology and Symantec.
- In August 2023, UST announced the acquisition of MobileComm to bolster its position in the telecom vertical.
Some of the prominent players and suppliers operating and contributing significantly to the global telecom cloud growth include AT&T Inc., IBM, Microsoft, GCP, Huawei, BT Group PLC, Verizon Communications Inc., Telstra Corporation Ltd, Telefonaktiebolaget LM Ericsson, NTT Communications Corporation, CenturyLink Inc, Singapore Telecommunications Limited, China Telecommunications Corporation, and Telus Corporation, among others.
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RationalStat has segmented the global telecom cloud market based on application, end users, and region.
- Global Telecom Cloud Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Billing and Provisioning
- Traffic Management
- Others
- Global Telecom Cloud Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
- BFSI
- Retail
- Manufacturing
- Transportation and Distribution
- Healthcare
- Others
- Global Telecom Cloud Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Telecom Cloud Market
- US
- Canada
- Latin America Telecom Cloud Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Telecom Cloud Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Telecom Cloud Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Telecom Cloud Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Telecom Cloud Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Telecom Cloud Market
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Key Questions Answered in the Telecom Cloud Report:
- What will be the market value of the global telecom cloud by 2030?
- What is the market size of the global telecom cloud?
- What are the market drivers of the global telecom cloud?
- What are the key trends in the global telecom cloud?
- Which is the leading region in the global telecom cloud?
- What are the major companies operating in the global telecom cloud?
- What are the market shares by key segments in the global telecom cloud?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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