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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Telecom Cloud Market Size
The global telecom cloud market reached nearly USD 29.34 billion in 2023. The market is projected to grow at a CAGR of 19% between 2024 and 2032 to reach a value of around USD 139.76 billion by 2032.
Key Trends in the Market
Telecom cloud refers to an advanced networking architecture which enables telecommunication service providers to add networking services and respond to the changes in the networking sector.
- The emergence of 5G networking infrastructure, heightening uses of smartphones and laptops, and the escalating adoption of cloud-based software across various sectors are bolstering the telecom cloud market growth.
- Increasing applications of telecom cloud in the healthcare sector to improve access of patients to healthcare services, streamline patient care, and enhance operational efficiencies is adding to the market growth.
- Over the forecast period, the anticipated increase in the use of artificial intelligence (AI) in cloud computing systems to boost the productivity of businesses and improve the decision-making processes is a crucial telecom cloud market trend.
Telecom Cloud Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of nearly USD 29.34 billion in 2023.
The market is estimated to grow at a CAGR of 19% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 139.76 billion by 2032.
The emergence of 5G networking infrastructure, the heightening adoption of smartphones and laptops, the escalating adoption of cloud-based software across various sectors, and the increasing application of telecom cloud in the healthcare sector are the major drivers of the market.
The key trends in the market include the increasing use of artificial intelligence (AI) in cloud computing systems and surging attempts by businesses to boost their productivity and improve their decision-making processes.
Platform, solution, and services are the different components of telecom cloud.
Hybrid, public, and private are the major segments based on deployment of telecom cloud.
Amazon Web Services, Inc., Cisco Systems, Inc., Microsoft Corporation, Google LLC, IBM Corporation, Oracle Corporation, Juniper Networks, Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Dell Inc., ZTE Corporation, and VMware, Inc., among others, are the key market players.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124