The Europe Telecom Cloud Market would witness market growth of 20.2% CAGR during the forecast period (2021-2027).
Telecom clouds logically cross datacenters, central offices, and even edge locations, whereas datacenters have defined physical and logical borders. Network functions such as IoT, 5G, SD-WAN, & VNFs and other workloads are run on a telco cloud where these functions get best optimized for efficiency, performance, latency, and customer experience.
Through independent research and development, mobile communications equipment vendors innovate internationally faster than local communication service providers (CSPs). Then they sell their technology to a number of TSPs at the same time as an industry standard for the frequency or spectrum needed to enable new platforms. CSPs can purchase operating software for their networking and mobile telecommunications equipment from software development businesses for a variety of rates, with a variety of features, utilities, and security functions that differentiate product lines.
The migration may be carried out one network function or service at a time, but it should begin with a full cloud readiness evaluation that covers infrastructure, app and service portfolios, organization, and processes. Companies across this region are using phone, email, voice mail, and unified messaging, as well as instant messaging (IM) and presence, audio, web, and video conferencing, file sharing and whiteboarding, mobility, social networking, and more as a part of telecom cloud services.
The Germany market dominated the Europe Telecom Cloud Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4.2 billion by 2027. The UK market is anticipated to grow a CAGR of 19.3% during (2021 - 2027). Additionally, The France market would experience a CAGR of 21.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Telecom Cloud Market Size will Hit $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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