The global telecom cloud market is expected to grow steadily in the coming years driven by the potential to enable operators to accelerate innovation, optimize operations, and differentiate services. According to MRFR, The Telecom Cloud market industry is projected to grow from USD 24.4 Billion in 2023 to USD 80.4 Billion by 2030.

Key Telecom Cloud Market Segments

The telecom cloud market can be segmented on the basis of solution types, service types, organization sizes, applications, and regions.

Based on solution types, the market is categorized into software-as-a-service (SaaS), platform-as-a-service (PaaS), and infrastructure-as-a-service (IaaS). SaaS holds the largest market share while IaaS is projected to grow at the highest rate.

On the basis of service types, the market is bifurcated into professional services and managed services. The professional services segment accounts for a larger share of the telecom cloud market.

In terms of organization size, the market is divided into small and medium-sized businesses and large enterprises. Large enterprises dominate the present market.

The key application areas of telecom cloud solutions include billing and provisioning, traffic management, customer analytics, network management, OSS/BSS processes, and others. Billing and provisioning application is estimated to hold the largest market share.

Regional Insights

North America holds the largest share of the global telecom cloud market presently. However, the Asia Pacific region is slated to witness the fastest growth over the forecast period. Rapid 5G deployments and increasing digital transformation initiatives in emerging economies are key drivers boosting APAC market growth.

Leading Vendors

Some key vendors operating in the telecom cloud market include Amdocs, AT&T, BT Group, China Telecommunications Corporation, Deutsche Telekom, Ericsson, GTT Communications, Telus, T-Systems, and Verizon Communications.

These telcos are increasingly adopting cloud solutions across various network and operational areas to become agile, intelligent, and open digital service providers. Partnerships with hyperscalers like AWS, Google Cloud, and Microsoft Azure are accelerating telecom cloud adoption globally.

For instance, in March 2022, Amdocs partnered with Vodafone Germany to migrate its entire S/4HANA environment to the AWS cloud and transform its IT infrastructure and applications.

Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) on Telecom Cloud Market

Market Drivers and Opportunities

The major factors driving telecom cloud market growth are:

• The need to introduce new innovative services swiftly and improve customer experience
• Rising data traffic and demand for high bandwidth amidst 5G deployment
• Leveraging cloud benefits like agility, flexibility, and usage-based consumption
• Cloud enabling operators to centrally host core networks as-a-service
• Scalability to support fluctuating service demands and use cases like IoT
• Adoption of open architectures, smart networks, AI/ML advancements
• Partnerships with hyperscalers for cloud expertise and go-to-market support
• Cloud encouraging collaboration within complex partner ecosystems

The telecom cloud market outlook remains positive. As networks become increasingly software-driven, cloud-native approaches will be foundational to enable connected intelligent experiences. Cloud is empowering telecoms to reshape their business models and thrive in the digital economy. With rising investment in strategic cloud capabilities, telecom operators worldwide can unlock sustainable growth and innovation.

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