The global telecom cloud market revenue will reach $38.54 billion by 2022, according to a report recently released by TechSci Research.
Major players operating in the telecom cloud market include AT&T, Verizon Communication, BT Group, CenturyLink, China Telecommunication, Telus, Deutsche Telekom, Telstra, NTT, Tata Communications, Singapore Telecommunications, among others.
The telecom cloud market is growing rapidly on back of increasing need to minimize operational and administrative costs of telecom companies.
Increasing deployment in BFSI sector and in media and entertainment industry is fueling demand for telecom cloud. Unified Communication and Collaboration is gaining popularity among telecom service providers because of efficient service quality. Demand for Communication Defined Network services is also growing due to the need for responding quickly to user queries.