Telecom cloud is a business model that refers to the shift in telecommunication industries from the conventional machine based service to cloud computing service. This keeps the users connected to their data on server. Telecom cloud delivers immediate technical and profitable business values with minimal management effort or service provider interaction. Cloud computing lowers the cost of infrastructure and resources are shared more efficiently. This model is gaining attraction in the market because of its convenience and pay per use offerings. This results in optimization of resource utilization in data centers.
Telecom cloud market has benefits of high availability, ease of use and geographical distribution. Increase in awareness about telecom cloud system among enterprises, and need for a cost effective and easy to implement cloud based solutions & services is providing growth opportunities in this industry. Telecom cloud offers flexible pricing for services and products which in turn helps in quick management of revenues. This is acting as a major driver for this market.
The deployment of private networks and IT modernization has led to advancement in telecom cloud industry. It is hosted on a cloud platform which is maintained and controlled by the telecommunication operators and by co-location services providers. This has reduced their concern for hardware and network maintenance issues. Widespread virtualization is also responsible for driving telecom cloud market.
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However, security issues regarding the use of pubic cloud services in a secure manner can restrain the market growth to some extent. In order to avoid the risks associated with telecom cloud model, proper planning and enhanced service management policies are needed.
The global telecom cloud market is classified based on type, cloud platform, application, end user and regionally.
Breakdown on the basis of type include service and solution. Types of service provided by telecom cloud market include colocation service, network service, professional and managed service.
Telecom cloud market by solution is further categorized as Unified Communication and Collaboration (UCC), Content Delivery Network (CDN) and others. Based on cloud platform, market segmentation includes software as a service (SaaS), infrastructure as a service (IaaS), and platform as a service (PaaS). Infrastructure as a service (IaaS) model is likely to hold a large market share in the forecast period.
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Applications of this market segment are billing & provisioning, traffic management and others. By end users comprises banking, healthcare, retail & consumer goods, transportation, media & entertainment, and others.
North America is expected to be among leaders of the global telecom cloud market during the forecast period because it has highly experienced employees in this field. They possess strong technical knowledge and can easily switch to telecom cloud services. This will provide them better connectivity and enhanced technologies.
The key players of the global telecom cloud market are AT & T Inc. (U.S.), China Telecommunications Corporation (China), Telus Corporation (Canada), Fusion Telecommunications International, Inc.(U.S.), NTT Communications Corporation (Japan), T-Mobile International AG (Germany), Verzon Wireless (New Jersey, U.S.), Terremark Worldwide, Inc. (Florida, U.S.), Telstra Corporation Ltd. (Australia), BT Group plc (U.K.) among others.