Telecom Cloud Market Size Analysis, Growth, Top Regions, Key Players and Forecast to 2031

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. 

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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.

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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

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Telecom Cloud Market Report Segment

By Component 

• Platform
• Solution
• Services

By Cloud Platform 

• Software-as-a-Service
• Infrastructure-as-a-Service
• Platform-as-a-Service

By Deployment Model 

• Public Cloud
• Private Cloud
• Hybrid Cloud

By Organization Size 

• SMEs
• Large Enterprises

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