A $59.5 Billion Global Opportunity for Telecom Cloud by 2026 - New Research from StrategyR
SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Telecom Cloud - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What's New for 2022?
- Global competitiveness and key competitor percentage market shares
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Edition: 7; Released: January 2022
Executive Pool: 14174
Companies: 16 - Players covered include AT&T, Inc.; BT Group PLC; CenturyLink, Inc.; Deutsche Telekom AG; Ericsson AB; Level 3 Communications, Inc.; NTT Communications Corporation; Orange SA; Singapore Telecommunications Ltd. (Singtel); Verizon Communications, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Billing & Provisioning, Traffic Management, Other Applications); Service Model (SaaS, PaaS, IaaS); Vertical (BFSI, Retail & Consumer, Healthcare, Media & Entertainment, Transportation, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Telecom Cloud Market to Reach $59.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Telecom Cloud estimated at US$19.7 Billion, is projected to reach a revised size of US$59.5 Billion by 2026, growing at a CAGR of 19.9% over the analysis period. Billing & Provisioning, one of the segments analyzed in the report, is projected to record a 21% CAGR and reach US$40.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Traffic Management segment is readjusted to a revised 19.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.3 Billion in 2021, While China is Forecast to Reach $10.5 Billion by 2026
The Telecom Cloud market in the U.S. is estimated at US$7.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.5 Billion by the year 2026 trailing a CAGR of 19.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.8% and 16.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.8% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
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SOURCE Global Industry Analysts, Inc.
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