The global telecom cloud market is anticipated to grow at a significant CAGR of 16.0% during the forecast period (2024-2031). The growing participation of government and private entities for development of telecom cloud is a major contributor to the global market growth. For instance, in June 2023, Deutsche Telekom announced to begin the development of a common European cloud and edge-cloud infrastructure. The European Commission has given the green light for the strategic project, which will take place as part of the Important Projects of Common European Interest – Next Generation Cloud Infrastructure & Services (IPCEI-CIS) framework.
Browse the full report description of “Telecom Cloud Market Size, Share & Trends Analysis Report by Component (Platform, Solution, and Services), by Cloud Platform (Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS)), by Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), and by Organization Size (Small and Mid-Sized Enterprises (SMEs) and Large Enterprises) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/telecom-cloud-market
The IPCEI-CIS program aims to establish a common European “Cloud-Edge Continuum” – one shared cloud-edge infrastructure for Europe, with no internal borders. To this end, several billion euros will be invested within Europe to foster future data connectivity. The initiative seeks to establish a common set of technical standards, a shared regulatory framework, and sustainability requirements for European edge-cloud technology. This will encourage the development of pan-European solutions which leverage the continent’s scale and deepen the single market for digital services.
According to EC, public cloud services spending in Europe will total $142 billion in 2023 and will reach $291 billion by 2027, recording a five-year (2022-2027) compound annual growth rate (CAGR) of 20%. Software-as-a-service (SaaS) will continue to drive most of the spending, while platform-as-a-service (PaaS) will remain the fastest-growing area. Banking, retail, and telecommunications will be the top spending industries in public cloud in 2023, accounting for 26% of the overall market value. The growing investment in public cloud by telecom sector is further contributing to the global market growth.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Component
o By Cloud Platform
o By Deployment Model
o By Organization Size
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including AT&T Inc, BT Group PLC, Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., and Telstra Corporation Ltd. among others.
Key questions addressed by the report
Global Telecom Cloud Market Report Segment
By Component
By Cloud Platform
By Deployment Model
By Organization Size
Global Telecom Cloud Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/telecom-cloud-market