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. Among the numerous players in the market, the report has mentioned some of the leading players such as Telus Corporation, AT & T Inc., Deutsche Telekom AG, China Telecommunications Corporation, Vodafone Group Plc., and Verizon Communication Inc.

In more recent times, many technological advancements have taken place in the telecom cloud market. BFSI, retail, transportation, and media & entertainment sectors widely use telecom cloud technology. Therefore, the telecom cloud market is expected to expand at a rapid pace in the coming years. Increase in the use of cloud infrastructureacross the world is primarily driving demand for telecom cloud computing.This is anticipated to drive the market over the forecast period.

Moreover,increase in demand for telecom cloud from the BFSI industry is expected to fuel the telecom cloud market in the near future. However, high risk of data security and information loss is projected to inhibit the growth of the telecom cloud market across the world. The telecom cloud market is likely to reach a value of US$ 55.29Bn by 2026 from US$ 12.63Bn in 2017, expanding at a CAGR of 18.2% during the forecast period.

Prominent players as identified in the telecom cloud market and profiled in the study include AT & T Inc., BT Group plc., China Telecommunications Corporation, Deutsche Telekom AG, Vodafone Group Plc., Telus Corporation, Verizon Communication Inc., Fusion Telecommunications International, Inc.(U.S.), KDDI Corporation, Level 3 Communications, Inc., Ericsson, and Telstra Corporation Ltd.

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