Telecom Cloud Market to Record 23% CAGR by 2021, Projects M&M in New Research Report Available at MarketPublishers.com31 Jan 2017 • by Natalie Aster
LONDON – The size of the telecom cloud market is projected to grow from USD 10.92 billion as of 2016 to USD 30.79 billion by 2021-end, recording a 23% CAGR. The main growth drivers are the requirement of low operational and administration expenses and the enterprises’ surging awareness about cloud computing for telecom systems. As enterprises are seeking cost-effective and easy-to-realise solutions, cloud services and solutions are the most suitable for catering to this need. Nevertheless, the risk of data loss is the key restraint to the overall market growth.
The implementation of content distribution network (CDN) amongst businesses is expected to gain high market traction in the offing. CDN helps decrease network administration workload, save business expenses, as well as offers scalability to satisfy the demand of changeable technologies.
Based on service model, the professional services segment is expected to have the most rapid growth through 2021, as these are key to managing the whole lifecycle of the solution, until it is fully deployed.
APAC is set to post the fastest CAGR in the coming years, due to technological developments, and governments’ mandatory regulations to adopt the top-class standards and technology. North America will likely capture the biggest market share and take the lead in the telecom cloud sector by 2016-end.
New research report “Telecom Cloud Market” drawn up by M&M offers a comprehensive analysis and future outlook with respect to the market on a global scale. It presents revenue figures for the total market and its sub-sectors across various verticals and geographic regions. The market is segmented based on application area, type, services, organisation size, vertical, and geography. The study sheds light on the market dynamics covering key drivers, limiters, opportunities, and challenges. Furthermore, the report presents detailed profiles of the top 10 market players and gives deep insights into strategies aimed at enhancing their position in the marketplace. It includes the competitive landscape analysis covering competitors, NPDs, partnerships, and M&As.
More new studies by M&M are available at its page.