Telecom Cloud Market to grow by USD 31.53 billion growth from 2022 to 2027; Growth Driven by Rising enterprise mobility and the need to improve efficiency - Technavio
NEW YORK, Nov. 20, 2023 /PRNewswire/ -- The "telecom cloud market is segmented by deployment (public, private, and hybrid), end-user (large enterprises, and small and medium enterprises), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the telecom cloud market between 2023 and 2027 is USD 31.53 billion.
Rising enterprise mobility and the need to improve efficiency are key factors driving market growth. The process of managing mobile devices, wireless networks, and other mobile computing services in a business context is referred to as enterprise mobility management. The adoption of enterprise mobility solutions and policies that favor Bring Your Own Device is driven by the increasing need for enterprises to increase employee productivity and strengthen customer relationships and satisfaction while streamlining business processes and operations.
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Compliance with regulatory requirements is a significant challenge restricting market growth. Different rules and standards on data privacy, security, or consumer protection need to be followed by telecommunications cloud services. For instance, providers must comply with the General Data Protection Regulation (GDPR) in the European Union and the California Consumer Privacy Act (CCPA) in the US to ensure data privacy.
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The telecom cloud market is segmented by deployment (public, private, and hybrid), end-user (large enterprises, small and medium enterprises), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
View the Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the Telecom Cloud Market:
Alphabet Inc., Amazon.com Inc., AT and T Inc., BT Group Plc, Cisco Systems Inc., Dell Technologies Inc., Deutsche Telekom AG, Etisalat, Fortinet Inc., Huawei Technologies Co. Ltd., International Business Machines Corp., Juniper Networks Inc., Mavenir Systems Inc., Microsoft Corp., Nokia Corp., Oracle Corp., Orange SA, Telstra Ltd., Verizon Communications Inc., and VMware Inc.
The software-defined networking (SDN) market size is estimated to grow at a CAGR of 29.04% between 2023 and 2028. The market size is forecast to increase by USD 67,378.74 million.
The hybrid cloud market size is estimated to grow at a CAGR of 19.48% between 2022 and 2027. The market size is forecast to increase by USD 127 billion.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Deployment
Market Segmentation by End-user
Market Segmentation by Geography
Drivers, Challenges, & Trends
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