The global telecom cloud market is fragmented due to the presence of numerous small and big players in the market, as observed by Transparency Market Research. Several small and large-scale enterprises are investing in telecom cloud solutions and services as the market is possess huge potential to grow in the near future.

Moreover, professional service providers and system solutions developers and integrators across industries are establishing themselves firmly in the telecom cloud market. Players are also putting efforts in research and development activities and working in product innovation to expand their market reach.

On the basis of cloud platform, the software as a service (SaaS) segment held major share in the market in 2017. Business continuity as a service (BCaaS) held the second position in the market. According to the report, over the forecast period infrastructure as a service (IaaS) is expected to expand rapidly. The rapid expansion of IaaS is because it helps in management and monitoring of remote data center infrastructure. Based on geography, North America held dominant share in market in 2017.

Over the forecast period, the region is projected to rise at 18.1% of CAGR. In terms of revenue, the U.S. held the dominant share in the telecom cloud market in North America. However, in the forthcoming years, South America and Asia Pacific is expected to expand significantly.

In past few years, numerous technological advancements have taken place in the telecom cloud market. Industries such as BFSI, transportation, retail, and media and entertainment extensively use telecom cloud technology. Thus, the telecom cloud market is projected to increase rapidly in the near future. In addition, the integration of cloud computing in the telecom industry helps in providing various services such as virtualization of storage, networks, and services. It also increases the use of existing system resources and decreases infrastructure cost.

Moreover, increasing use of cloud service across various organizations worldwide has also fueled the global market for telecom cloud computing.  BFSI industry uses cloud services and is expected to boost the demand in the telecom cloud market in the coming years.

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