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.
The global telecom cloud market is fragmented due to the presence of numerous small and big players in the market, as observed by Transparency Market Research. Several small and large-scale enterprises are investing in telecom cloud solutions and services as the market is possess huge potential to grow in the near future.
Moreover, professional service providers and system solutions developers and integrators across industries are establishing themselves firmly in the telecom cloud market. Players are also putting efforts in research and development activities and working in product innovation to expand their market reach. Among the numerous players in the market, the report has mentioned some of the leading players such as Telus Corporation, AT & T Inc., Deutsche Telekom AG, China Telecommunications Corporation, Vodafone Group Plc., and Verizon Communication Inc.
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According to TMR, the global telecom cloud market is projected to expand at healthy CAGR of 18.2% during the forecast period between 2018 and 2026. The global telecom cloud market was worth US$12.63 bn in 2017 and is estimated to reach US$55.29 bn by the end of 2026.
On the basis of cloud platform, the software as a service (SaaS) segment held major share in the market in 2017. Business continuity as a service (BCaaS) held the second position in the market. According to the report, over the forecast period infrastructure as a service (IaaS) is expected to expand rapidly. The rapid expansion of IaaS is because it helps in management and monitoring of remote data center infrastructure. Based on geography, North America held dominant share in market in 2017. Over the forecast period, the region is projected to rise at 18.1% of CAGR. In terms of revenue, the U.S. held the dominant share in the telecom cloud ma