Telecom Cloud Market size is expected to grow $30.79 billion by 2021 at a CAGR of 23.0%

Telecom cloud market categorizes the global market by type as solution and service, by application, by service model, by organization size, by vertical & by region.

(EMAILWIRE.COM, February 28, 2019 ) According to the new market research report "Telecom Cloud Market by Type (Solution and Service), Application (Billing & Provisioning and Traffic Management), Service Model (SaaS, PaaS, and IaaS), Organization Size, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets™, the telecom cloud market size is expected to grow from USD 10.92 Billion in 2016 to USD 30.79 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period.

The major drivers of this market include the need for lower operational and administration costs, as telecom cloud is hosted on cloud platform. It offers flexible pricing for products & services and allows managing various types of revenue without constraints.

The Unified Communication and Collaboration (UCaaS) solution segment is estimated to dominate the telecom cloud market share during the forecast period
UCaaS is estimated to have the largest market share in the telecom cloud market. Various features, such as multimedia, unified messaging, conference bridges, presence management, and Customer Relationship Management (CRM) integration are helping improve business functions. Therefore, with its increasing demand, Telecom Service Providers (TSPs) are providing UCaaS solutions in the market.

Browse and in-depth TOC on "Telecom Cloud Market"
72 - Tables
57 - Figures
160 - Pages

Get Free 10% Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=72237103

“Network services are expected to capture the highest market share during the forecast period”
The network services of the telecom cloud market is witnessing a potential growth, in comparison to other services, owing to the benefits, such as Local Area Network (LAN)/Wide Area Network (WAN)/Wireless Local Area Network (WLAN) management, Voice over Internet Protocol (VoIP), managed network services, Internet Protocol (IP) contact centre management, network integration, and network implementation services.

“North America is the leading region, in terms of market share in the telecom cloud market space”
North America is expected to hold the largest market share and dominate the telecom cloud market in 2016. North America has a huge penetration from large enterprises with technically-sound employees providing continuous innovative technologies. This has led to the growing telecom cloud market. These are some of the major driving factors contributing to the growth of cloud-based services and solutions in North America.

Ask for Discount @ https://www.marketsandmarkets.com/discountreports.asp?id=72237103

Major vendors covered in the telecom cloud market for the study are AT&T, Inc. (Dallas, Texas, U.S.), BT Group PLC (London, U.K.), Verizon Communication, Inc. (New Jersey, U.S.), Level 3 Communications, Inc. (Broomfield, Colorado, U.S.), Deutsche Telekom (Bonn, Germany), NTT Communications Corporation (Tokyo, Japan), CenturyLink, Inc. (Louisiana, U.S), Singapore Telecommunications Limited (Singapore), Orange Business Service (Paris, France), and Ericsson (Stockholm, Sweden).


About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.