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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