The Asia Pacific Telecom Cloud Market would witness market growth of 23.0% CAGR during the forecast period (2021-2027).
Several government and public-sector organizations rely on critical information infrastructure services. In addition, to satisfy the increased demand from business operations, companies are more interested in cloud services. The market is predicted to develop due to rising demand for over-the-top cloud services, decreased operational and administrative expenses, and more awareness of telecom cloud among businesses.
Many notable vendors are looking to introduce vertical-specific WebRTC solutions and services in developed region. With the rising demand for cost-effective and user-friendly browser-based communication solutions, many notable vendors are launching cost-effective and user-friendly browser-based communication solutions.
The expansion of infrastructure in APAC, particularly in Japan, South Korea, Australia, Singapore, China, and India, as well as the rapid deployment of 5G networks, present enormous prospects for the telecom cloud to be implemented. Various supportive government initiatives and polices are motivating key market companies to expand their business in this region, which would further contribute to the economic growth.
The China market dominated the Asia Pacific Telecom Cloud Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5.6 billion by 2027. The Japan market would showcase a CAGR of 22.2% during (2021 - 2027). Additionally, The India market is poised to grow a CAGR of 23.7% during (2021 - 2027).
Based on Type, the market is segmented into Public Cloud, Private Cloud and Hybrid Cloud. Based on Application, the market is segmented into Enterprise Application, Data Storage, Computing, Archiving, and Others. Based on Computing Services, the market is segmented into SaaS, IaaS, and PaaS. Based on Services Type, the market is segmented into Network & Management Services and Colocation Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, Retail & Consumer Goods, Healthcare, Manufacturing, Media & Entertainment and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Telecom Cloud Market is Projected to reach USD 63.8 Billion by 2027, at a CAGR of 21.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Telstra Corporation, Orange S.A. (Orange Business Services), Telefonica S.A., Vodafone Group Plc, Deutsche Telekom AG, AT&T, Inc. (AT&T Intellectual Property), Verizon Communications, Inc., BT Group plc, Lumen Technologies, Inc., and SK Telecom Co., Ltd.
By Type
By Application
By Computing Services
By Services Type
By Organization Size
By Vertical
By Country
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