The telecom cloud market is expected to witness considerable growth thanks to

Pune, India, 03 Feb. 2022 (GLOBE NEWSWIRE) — The world Telecom cloud market the size is expected to grow substantially over the forecast period. This growth is attributable to the increasing number of smartphone users and the growing demand for innovative OTT platforms which are propelling the demand for advanced telecom cloud services by telecom service providers around the world. This information is published by Fortune Business Insights, in its next report, titled, “Telecom Cloud Market Size, Industry Share & Analysis, By Component (Solution, Services), By Enterprise Size (Large Enterprises, Small & Medium Enterprises (SMEs)), By Service Model (Software In as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS)), by Industry (Government, Banking, Financial Services and Insurance (BFSI), Retail, Healthcare , education) and regional forecasts 2022-2029.

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Companies Featured in Global Telecom Cloud Market:

  • Verizon Communications Inc.
  • CenturyLink
  • British Telecommunications PLC (BT)
  • Telefonaktiebolaget LM Ericsson
  • Nokia Company
  • ZTE Company
  • NTT Communications Corporation
  • Singapore Telecommunications Ltd
  • VMware, Inc.
  • Orange Business Services

Impact of COVID-19 –

The global pandemic, COVID-19, has resulted in several economies facing unprecedented losses. Due to the lockdown announced by government agencies around the world, several manufacturing facilities are shut down with limited operational activities. However, a collective effort by government and industries to bring the economy back is expected to drive the market growth over the forecast period.

Click here for the short and long term impact of COVID-19 on this market.

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The telecom cloud is typically a data center resource that effectively deploys and manages a mobile phone network. It also helps in hosting virtual network functions (VNF) of a network using several NFV techniques.
What does the report include?

The market report includes a detailed analysis of several factors such as key drivers and restraints which will impact the growth. Additionally, the report provides information on regional analysis which covers different regions, helping the market growth. It understands the competitive landscape that involves leading companies and the adoption of strategies by them to introduce new products, announce partnerships and collaboration that will further help in the growth of the market. Moreover, the research analyst has adopted several research methodologies such as PORTER’s five-point analysis to gain insights into the current trends and industry developments that will drive the growth of the market during the period forecast.

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DRIVER FACTORS

Increase the number of smartphone users to accelerate growth

According to data from Ericsson, the number of smartphone users worldwide is estimated at 3.5 billion, an overall increase of 9.3% compared to 2019. The growing number of smartphone users is pushing operators telecommunications to provide advanced data solutions, leading to innovative technologies. telecom cloud solutions. Additionally, it has allowed service providers to reduce costs when hosting software services and allocating computing resources.

Growing adoption of OTT platform is another factor likely to drive the growth of the global telecom cloud market during the forecast period. For example, the cloud platform allows OTT providers to efficiently migrate, copy and regenerate content to meet growing consumer demand around the world.

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REGIONAL OVERVIEW

North America must remain dominant; Increase spending on IT infrastructure development to drive growth

Among all regions, North America is expected to maintain its dominance by occupying the highest position in the global telecom cloud market during the forecast period. This dominance is attributable to the increase in enterprise spending in developing advanced IT infrastructure which will drive the adoption of effective telecom cloud solutions in the region between 2020 and 2027.

The market in Europe is expected to show considerable growth supported by the growing focus on 5G deployment to accelerate network services. Moreover, the increasing investments by key players to develop advanced network solutions which will contribute to the demand for innovative telecom cloud solutions in the region.

COMPETITIVE LANDSCAPE:

Partnership between leading companies to provide advanced telecommunications cloud services

The global telecom cloud market is consolidated by large companies that are focused on maintaining a stronghold by partnering with other companies to develop and introduce advanced telecom cloud solutions. Additionally, other key players are striving to maintain their presence by adopting strategies such as collaboration, merger & acquisition and expansion of facilities that will drive the growth of the market.

Industry development:

  • April 2020 – British Telecommunication PLC (BT) announced its partnership with Ericsson to deploy dual-mode 5G Core solutions. Ericsson’s 5G Core solutions are primarily cloud-native mobile packet cores for standalone and non-standalone 4G and 5G services.

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