GITNUX MARKETDATA REPORT 2024

Telecom Cloud Industry Statistics

The Telecom Cloud industry is expected to grow steadily in the coming years, with increasing adoption of cloud technologies by telecommunication companies.

Statistic 1

"The global telecom cloud market size stood at USD 19.94 billion in 2021."

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Statistic 2

"The Telecom Cloud Market is estimated to grow at a CAGR of 21.36% between 2022 and 2029."

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Statistic 3

"North America is expected to hold the largest Telecom Cloud market share."

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Statistic 4

"The solutions segment dominates the telecom cloud market with a share of 76.2% in 2020."

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Statistic 5

"The Unified Communications and Collaboration application sector is projected to experience remarkable growth with a CAGR of around 17% through 2027."

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Statistic 6

"The telecom cloud market in Asia-Pacific is expected to grow at the highest CAGR of 23.0%."

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Statistic 7

"The small and medium enterprises accounted for 63.1% of the market share in telecom cloud industry in 2021."

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Statistic 8

"Europe telecom cloud market size was over USD 4.5 billion in 2020."

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Statistic 9

"Latin America telecom cloud market is projected to reach almost $7 billion by 2024."

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Statistic 10

"On the basis of service, cloud professional service is expected to hold the largest market share of 38.2% in 2027."

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Statistic 11

"SaaS (Software as a Service) holds the largest market size in the Telecom Cloud Industry."

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Statistic 12

"The hybrid cloud held the largest share of 40.5% in the telecom cloud market in 2019."

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Statistic 13

"By 2030, the telecom cloud market is projected to reach 142.8 Billion USD."

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Statistic 14

"Around 35% of all businesses aim to spend at least 75% of their IT budget on cloud services by 2023."

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Statistic 15

"High operational needs are expected to raise the telecom cloud market in the Middle East to USD 2.4 billion by 2026."

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Statistic 16

"BFSI sector dominated the application segment with nearly 25.8% of the total market share in 2020."

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Statistic 17

"Energy and utilities sector will be the fastest-growing end use segment in the telecom cloud market with a growth rate of 20.7% CAGR till 2027."

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Statistic 18

"IaaS (Infrastructure as a Service) is expected to grow at the highest CAGR during the forecast period in the telecom cloud market."

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Statistic 19

"The telecom cloud billing market is set to witness a CAGR of 28% over 2020-2025."

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