Telecom Cloud Market, by Services (Communication as a Service, Network as a Service), by Applications (Billing, Customer Management, Provisioning & Traffic Management), by Cloud Platform (SaaS, PaaS, IaaS) - Forecast 2022
Pune, India - September 27, 2018 /MarketersMedia/ —
Market Highlights:
The move of telecommunication companies from landline services to the cloud computing services has increased the market’s demand significantly. Market reports linked to the information and communications technology sector made available by Market Research Future along with published reports on other sectors have been recently published along with a report on this industry. The market is anticipated to achieve revenues worth USD 29 Billion approximately by 2022, at an expected CAGR of 20 percent in the duration of the forecast period.
The factors driving traffic management market includes growth in airline traffic control volume. The market is currently in its growth stage due to inventions and development of new traffic management system which is replacing the outdated technology is contributing to the market growth. The traffic management software segment is contributing largest market share. Due to development of advance software in traffic management market that helps in minimizing the air traffic volume, transport needs and increased traffic this problem occurs mainly due to increased population in city, growing traffic and urbanization. The rise of this problems is mainly due to growing population in city and urbanization. The deployment and integration service sector is expected to account for highest CAGR. With development in internet and communication industry, the traffic management system is able to reduce congestion, harmful emission and accidents.
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Major Key Players
• AT&T Inc.(U.S.),
• Telus Corporation (U.S.),
• BT Group PLC (U.K.),
• NTT Communications Corporation(Japan),
• CenturyLink, Inc.(U.S.),
• Verizon Communications, Inc.(U.S.),
• Fusion Telecommunications International, Inc.(U.S.),
• China Telecommunications Corporation (China),
• T-Mobile International AG(Germany),
• Telstra Corporation Limited (Australia) among others.
According to Market Research Future Analysis, Global Telecom Cloud Market has been valued at USD ~29 Billion by the end of forecast period with CAGR of ~20% during forecast period 2016 to 2022.
Competitive Analysis
The market demonstrates a huge potential for increasing at an expedited pace. The market is very well defined in terms of segments relating to the products as well as the end users that are a part of the market. The product offering of the market has diversified tremendously as compared to the past few years, thereby making the market more lucrative for current and new contenders. The long term sustainability of the market is however greatly dependent on the tactics and the strategic roadmaps that are employed by market players. The enhanced financial liquidity of the competitors in the market has increased thereby proving new opportunities for growth of the market. The market attractiveness and competitors’ dynamics are greatly enhanced by the strategies that are being employed by market players.
Segmentation:
The Global telecom cloud Market has been segmented on the basis of services, applications, solutions, cloud platform and end users. Services include communication as a service and network as a service. Applications comprises of billing, customer management & provisioning and traffic management among others. Solutions include Unified Communication and Collaboration (UCC), Content Delivery Network (CDN), WebRTC and Over-the-Top (OTT) among others. Cloud platform include SaaS, PaaS and IaaS. End users comprises of banking, healthcare, government, transportation and entertainment among others.
Regional Analysis
The regional analysis of telecom cloud market is being studied for areas such as Asia pacific, North America, Europe and rest of the world. North America is expected to dominate the telecom cloud market owing to increased penetration of organization with employees possessing strong technical knowledge who are willing to rapidly adopt the telecom cloud services for better communication and connectivity. It also provides enhanced technologies for supporting the telecom cloud market in the North American region. Asia pacific will experience growth in forecast period owing to government regulations regarding adoption of best in class technologies. In Europe, a European cloud initiative is started to provide telecom companies with an infrastructure for storing and managing data and computers, providing high performance computers for processing of data and high speed connectivity for transportation of data. The telecom cloud of European region is expected to position Europe as data driven innovation thereby improving competitiveness and boosting the digital market of Europe.
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Intended Audience
• Telecom companies
• Service providers
• Consultancy firms
• Traffic control organization
• System integrator
• Cloud facilitators
• End users
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Source: MarketersMedia
Release ID: 413997
