According to the new market research
report "Telecom Cloud Market by Type (Solution
and Service), Application (Billing & Provisioning and Traffic Management),
Service Model (SaaS, PaaS, and IaaS), Organization Size, Vertical, and Region -
Global Forecast to 2021", The telecom cloud market size is
expected to grow from USD 10.92 Billion in 2016 to USD 30.79 Billion by 2021,
at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period.
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The
major drivers of this market include the need for lower operational and
administration costs, as telecom cloud is hosted on cloud platform. It offers
flexible pricing for products & services and allows managing various types
of revenue without constraints.
The Unified Communication and Collaboration
(UCaaS) solution segment is estimated to dominate the telecom cloud market
share during the forecast period
UCaaS
is estimated to have the largest market share in the telecom cloud market.
Various features, such as multimedia, unified messaging, conference bridges,
presence management, and Customer Relationship Management (CRM) integration are
helping improve business functions. Therefore, with its increasing demand,
Telecom Service Providers (TSPs) are providing UCaaS solutions in the market.
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in-depth TOC on "Telecom
Cloud Market"
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“Network services are expected to capture the highest market share
during the forecast period”
The network services of the telecom cloud market is
witnessing a potential growth, in comparison to other services, owing to the
benefits, such as Local Area Network (LAN)/Wide Area Network (WAN)/Wireless
Local Area Network (WLAN) management, Voice over Internet Protocol (VoIP),
managed network services, Internet Protocol (IP) contact centre management,
network integration, and network implementation services.
“North America is the leading region, in terms of market share in the
telecom cloud market space”
North America is expected to hold the largest market
share and dominate the telecom cloud market in 2016. North America has a huge
penetration from large enterprises with technically-sound employees providing
continuous innovative technologies. This has led to the growing telecom cloud
market. These are some of the major driving factors contributing to the growth
of cloud-based services and solutions in North America.
Major vendors
covered in the telecom cloud market for the study are AT&T, Inc. (Dallas,
Texas, U.S.), BT Group PLC (London, U.K.), Verizon Communication, Inc. (New
Jersey, U.S.), Level 3 Communications, Inc. (Broomfield, Colorado, U.S.),
Deutsche Telekom (Bonn, Germany), NTT Communications Corporation (Tokyo,
Japan), CenturyLink, Inc. (Louisiana, U.S), Singapore Telecommunications
Limited (Singapore), Orange Business Service (Paris, France), and Ericsson
(Stockholm, Sweden).
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Research Insight: https://www.marketsandmarkets.com/ResearchInsight/telecom-cloud-market.asp
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/telecom-cloud-market.asp
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