The North America Telecom Cloud Market would witness market growth of 19.3% CAGR during the forecast period (2021-2027).
Telecom cloud is a recent development in information and communication technology that eliminates the need for hardware to connect. It enables limitless network capacity to handle unpredictably growing data and give a better customer experience. Cloudification refers to the process of converting programmes, data storage, and computation cycles to use cloud computing.
Being first to market with a new technological standard like 3G/4G/5G can lead to significant inflows of new customers at higher rates for service. The technical problem is in training local workers for data centre operations, because most TSPs throughout the world are no longer performing their own research and development for their hardware and software, preferring to acquire it on the open market from vendors on competitive terms.
In addition, companies across the US and Canada are using hybrid telco cloud installations to embed best-in-class data analytics and artificial intelligence available in the public cloud sector to better fulfil and predict consumers' preferences and needs. Along with that, companies may also use the cloud to consolidate their customer data, eliminating silos databases, creating a 360-degree perspective of the consumer, and providing an engaging omni-channel customer experience. Owing to this high adoption of telecom cloud across this region, the growth of the regional market would witness a spike over the forecast period.
The US market dominated the North America Telecom Cloud Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $15.1 billion by 2027. The Canada market would witness a CAGR of 22% during (2021 - 2027). Additionally, The Mexico market is experiencing a CAGR of 21% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Telecom Cloud Market is Estimated to reach $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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