Telecom Cloud Market to grow by USD 31.53 billion growth from 2022 to 2027; Growth Driven by Rising enterprise mobility and the need to improve efficiency - Technavio

NEW YORK, Nov. 20, 2023 /PRNewswire/ -- The "telecom cloud market is segmented by deployment (public, private, and hybrid), end-user (large enterprises, and small and medium enterprises), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the telecom cloud market between 2023 and 2027 is USD 31.53 billion.

Rising enterprise mobility and the need to improve efficiency are key factors driving market growth. The process of managing mobile devices, wireless networks, and other mobile computing services in a business context is referred to as enterprise mobility management. The adoption of enterprise mobility solutions and policies that favor Bring Your Own Device is driven by the increasing need for enterprises to increase employee productivity and strengthen customer relationships and satisfaction while streamlining business processes and operations.

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Market Challenge

Compliance with regulatory requirements is a significant challenge restricting market growth. Different rules and standards on data privacy, security, or consumer protection need to be followed by telecommunications cloud services. For instance, providers must comply with the General Data Protection Regulation (GDPR) in the European Union and the California Consumer Privacy Act (CCPA) in the US to ensure data privacy.

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The telecom cloud market is segmented by deployment (public, private, and hybrid), end-user (large enterprises, small and medium enterprises), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). 

• The market share growth by the public segment will be significant during the forecast period. Due to the rising number of Small and Medium Enterprises in emerging economies, including China, India, Brazil, Indonesia, and Mexico, which require solutions for business-specific insights like telecommunications, these services are becoming increasingly sought after. These cloud services are supplied via the Internet for government telecommunications. Multiple organizations are sharing the data centers of service providers. The threat of an online attack on the data stored by public internet service providers' clouds is very strong, given their exposure to cyber-attacks.

• North America is estimated to contribute 36% to the growth of the global market during the forecast period. 

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Key Companies in the Telecom Cloud Market:

Alphabet Inc., Amazon.com Inc., AT and T Inc., BT Group Plc, Cisco Systems Inc., Dell Technologies Inc., Deutsche Telekom AG, Etisalat, Fortinet Inc., Huawei Technologies Co. Ltd., International Business Machines Corp., Juniper Networks Inc., Mavenir Systems Inc., Microsoft Corp., Nokia Corp., Oracle Corp., Orange SA, Telstra Ltd., Verizon Communications Inc., and VMware Inc.

Related Reports:

The software-defined networking (SDN) market size is estimated to grow at a CAGR of 29.04% between 2023 and 2028. The market size is forecast to increase by USD 67,378.74 million. 

The hybrid cloud market size is estimated to grow at a CAGR of 19.48% between 2022 and 2027. The market size is forecast to increase by USD 127 billion. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Deployment

Market Segmentation by  End-user

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

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SOURCE Technavio