Telecom Cloud Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2276
Telecom Cloud Market size has been witnessing growth for the past two years as the consumers are adopting services that are provided by telecom giants. This is particularly relevant for telecom providers that have migrated to a cloud-based approach due to the significant losses incurred in the use of landlines owing to the increase in mobile phone adoption. The key driver that has brought about a change in the telecom cloud landscape in the market is the Bandwidth on Demand (BoD), which aids in effective data communication by providing additional capacity to cater to traffic requirements.
Telecom giants have a huge client base, which lends an opportunity for them to promote cloud services that they intend to offer by collaboration with their cloud providers. This may help in reaping benefits such as stability, customer service, providing end-to-end quality of service (QoS), appropriate customer service, and gaining maturity commercially.
The Small and Medium Enterprises (SMEs) have turned out to be the benefactors of the telecom cloud market as it is understood that telecom cloud services and solutions possess the potential to yield enhanced quality, efficiency, and business productivity. Elsewhere, large enterprises of the telecom industry are trying to control their significant losses due to the discontinuation of landlines by providing cloud services for devices such as mobile stations. It is estimated that over 85% of the enterprises have shifted their operations globally to cloud technology and services due to its ease-of-access and cost-effectiveness.
The Infrastructure-as-a-Service (IaaS) model is expected to hold the major portion of the market in telecom cloud as it provides an open architecture. It aids in managing and accessing datacenters and monitoring the infrastructure. This led to an increase in the purchase of IaaS as per requirements. The biggest asset of IaaS is that the users can get free internet to connect with everyone with free interconnectivity.
For the telecom cloud market to thrive, it requires lower operational & administration costs and awareness about telecom cloud among enterprises. Thereby, North America is expected to have the majority share of the telecom cloud market as the U.S. and Canada possess huge potential and opportunities. The APAC telecom cloud market is expected to grow in this time period due to increase in investments by telecom players and a substantial rise in the number of subscribers.
Major challenges for the telecom cloud market include information security and increasing demand for Over-the-Top (OTT) cloud services. Migrating to the cloud platform has its own share of concerns such as data compliance, performance, and maintenance of industry standards in an organization. It is expected that telecom cloud market providers can offer secure services and solutions by leveraging their brands to validate their value proposition.
Some of the key players operating in the telecom cloud market are IBM, AT&T, BT Group PLC, Verizon Communication, Level 3 Communications, Deutsche Telekom, China Telecom, T-Mobile, and Telus.
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