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2021

Telecom Cloud Market

Telecom Cloud Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, Computing Service and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030

IC : Telecom & Wireless

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Author's: Abhijith Nair | Onkar Sumant
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Telecom Cloud Market Statistics: 2030 

The global telecom cloud market size was valued at $18 billion in 2020, and is projected to reach $125 billion by 2030, registering a CAGR of 21.8% from 2021 to 2030. Telecom cloud is a term that defines the migration of telecommunication industries from outdated landline services to advanced cloud computing systems. The shift toward cloud computing enables companies to take advantage of networking resources in an efficient way. The telecom cloud market will benefit industries to utilize cloud computing for optimization of information technology.

Even during the pandemic, the major driving forces were able to sustain the market value. As people stayed at home during lockdown and companies preferred to allow working remotely, huge consumption of data led to an increase in the demand for telecom cloud. The global economy due to the telecom cloud market will grow exponentially, as it is able to generate demand even in critical circumstances.

Telecom-Cloud-Market

In 2020, the global telecom cloud market share was dominated by the public cloud segment, and is expected to maintain its dominance in the upcoming years. Rapid digital transition between industries, rise in penetration of internet & mobile devices, and rise in big data consumption are the major drivers of the global telecom cloud market. 

The private cloud segment is estimated to emerge as the fastest growing segment, as several vendors within the telecom cloud market are focusing on increasing the  privacy standards. The private cloud market has grown as a result of rapid technological advances. Furthermore, proliferation of internet services & applications, including social media, video streaming, and online payments, has increased the need for secure data storage. In addition, increase in data volume in sectors such as BFSI, IT & telecom, healthcare, government, and retail has enforced these sectors to adopt private cloud services, thus contributing toward the market growth.

The report focuses on the growth prospects, restraints, and telecom cloud market analysis. The study provides the Porter’s five forces analysis of the telecom cloud industry to understand impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the telecom cloud market analysis.

Segment review

The global telecom cloud industry is segmented into type, computing service, end user, and region. Depending on type, the market is segregated into public, private, and hybrid cloud. On the basis of computing service, it is fragmented into IaaS, SaaS, and PaaS. By end user, it is categorized into BFSI, retail & consumer goods, healthcare & life sciences, media & entertainment, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

COVID-19 impact analysis

Post COVID-19, the global telecom cloud market forecast is estimated to be valued at $18,000 million in 2020, and is projected to reach $125,000 million by 2030.  

The worldwide pandemic outbreak and the subsequent chain of lockdowns changed the global telecom sector. During this time, telecom networks saw tremendous traffic, and demand for more telecom bandwidth was at an all-time high. With the aftereffects of the COVID-19 pandemic, the global telecom sector was set on a path of technological transformation to help handle the increasing demands of its consumers.

Adoption of next-generational communication technologies such as 5G network deployments were ramped up in many parts of the globe and automation of services were prioritized. According to a report published by the communications equipment and services provider Nokia, more than 64% of the communication services providers focused on improving the automation of operational services with the help of cloud technology. These trends helped the telecom cloud markets to prosper during the period.

Top impacting factors

Faster deployment and scalability of services with the help of telecom cloud and significant capital reductions over legacy telecom models are the major factors that impact the growth of the market. The market growth is further affected by limitations of the cloud model and third-party dependence and data privacy concerns in the public cloud. Moreover, increase in telecom dependence and significant advances in the domain of cloud computing and telecom services influence the market growth. However, each of these factors is anticipated to have a definite impact on the growth of the global telecom cloud market during the forecast period.

Faster deployment and scalability of services with the help of telecom cloud 

Telecom cloud solutions and services enable telecom operators and communication service providers to rapidly scale up whenever demand is high and scale down when demand is low. Compared to legacy on-premises-based telecommunication systems, scaling up or down with these modern telecom cloud platforms is significantly faster and cheaper. This gives opportunity for telecom operators and communication service providers to find an efficient balance between their services and cost management, providing a much more flexible model of operation.

With the help of telecom cloud platforms, communications service providers can quickly expand their service capabilities to meet specific customer needs. For instance, during a sporting event, telecoms can set a bandwidth limit for a pre-defined zone when demand is predicted to be high and then normalize it when the demand falls.

The flexibility and cost-effectiveness of telecom cloud platforms are now fueling the market growth, which is projected to further accelerate in the future.

Telecom Cloud Market
By Type
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Hybrid Cloud segment is projected as one of the most lucrative segments.

Increase in telecom dependence  

The outbreak of the COVID-19 pandemic, work-from-home and online educational trends were extensively promoted in many countries to curb the spread of the coronavirus. This, in turn, resulted in overloading of numerous telecom infrastructure and services, as employees working from their homes and kids having remote classes were availing telecommunications services for working and studying. As a result, reliance on telecom cloud applications grew substantially throughout the period, and telecom cloud solutions became increasingly important to enable telecom operators and communications service providers to help manage network traffic and quality of services during peak demand.

Furthermore, remote working trend is expected to continue long after the pandemic. According to McKinsey & Company, more than 25% of the workforce will continue to work from home even after the end of the pandemic. This trend is likely to boost future demand for telecom cloud platforms, which is expected to offer remunerative opportunities for the expansion of the telecom cloud market growth.

Telecom Cloud Market
By Region
2030
Asia-pacific 
North America
Europe
LAMEA

APAC is projected as one of the most significant region.

Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the telecom cloud market size along with current trends and future estimations to elucidate imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the telecom cloud market share is provided in the report.
  • The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of telecom cloud market trends for the period 2020–2030 is provided to determine the market potential.

Key Market Segments

By Type

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Computing Service

  • IaaS
  • PaaS
  • SaaS

By End User

  • BFSI
  • Retail & Consumer Goods
  • Healthcare & Life Sciences
  • Media & Entertainment

By Region

  • North America
    • U.S.
    • Canada
  • Europe 
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • MICROSOFT
  • AWS
  • Google
  • Oracle
  • IBM
  • AT&T
  • VERIZON
  • DELL
  • ETISALAT
  • TELSTRA

Telecom Cloud Market Report Highlights

Aspects Details
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By TYPE
  • PUBLIC CLOUD
  • .PRIVATE CLOUD
  • HYBRID CLOUD
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By COMPUTING SERVICES
  • IAAS
  • PAAS
  • SAAS
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By END USER
  • BFSI
  • RETAIL AND CONSUMER GOODS
  • HEALTHCARE AND LIFESCIENCE
  • MEDIA AND ENTERTAINMENT
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

INTERNATIONAL BUSINESS MACHINES CORPORATION, ETISALAT, DELL INC., AT&T INC., GOOGLE LLC, ORACLE CORPORATION, ERICSSON, VERIZON, AMAZON WEB SERVICES, INC., MICROSOFT CORPORATION

Analyst Review

The IT organizations and telecommunication industry are the most important driving forces of the telecom cloud market. The modernization process in the IT field represents optimum utilization of the resources and cloud services in reaping out the benefits in a modern and efficient environment. The advancements in the telecom cloud market outlook lead to the idea of more cost-saving methods and boost the idea of innovation.

Even during the pandemic, as people stayed at home during lockdown and companies preferred to work remotely, huge consumption of data led to increase in demand for telecom cloud. The global economy due to the telecom cloud market will grow exponentially, as it is able to generate demand even in critical circumstances.

The advent of cloud computing in the telecom market industry led to the shifting of data and several application areas toward on-cloud rather than on-premise to create new business opportunities in the telecom cloud market. The migration of the telecommunication industry toward on-cloud increases the user base, owing to the ease of connectivity. The entire communication industry believes in regulating working practices locally, which, in turn, strengthens their local presence and creates a strong bond between enterprises and customers. Thus, with IT modernization and telecommunication industries accepting cloud computing, the telecom cloud market will reach its highest potential.

The telecom cloud market opportunities depend on connectivity, which escalates the access network value and avails opportunities for the network service providers. The impact of COVID-19 has created opportunities to expand the telecom cloud market share to meet the needs of increased data and voice connectivity. Global telecom cloud market players have an immense role in developing new models that can meet the expectation and demands of customers.

 

Author Name(s) : Abhijith Nair | Onkar Sumant

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Telecom Cloud Market

Global Opportunity Analysis and Industry Forecast, 2021-2030