CHICAGO, June 9, 2021 /PRNewswire/ — According to a new market research report “Telecom Cloud Market by Type (Public, Private, and Hybrid), Service (Colocation, Network, and Management Services), Application, Cloud Computing Service (SaaS, PaaS, and IaaS), Organization Size, End User, and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the market size to grow from USD 19.8 Billion in 2021 to USD 52.3 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.4% during the forecast period.
The presence of various key players in the ecosystem has led to a competitive and diverse market. Technology represents huge opportunities for enterprises enabling remote working in businesses. However, on the other hand, there are significant growth opportunities for Telecom cloud vendors. The reduced Capex and Opex, the importance of accessing the data from anywhere anytime, and the rising need for the virtual environment have overall increased the spending of companies on telecom cloud solutions.
Browse in-depth TOC on “Telecom Cloud Market”
422 – Tables
54 – Figures
361 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72237103
Colocation service segment is expected to grow at the highest CAGR during the forecast period
The colocation service segment is expected to hold the larger market size with telecom cloud solution vendors enabling organizations to centralize, manage, and deliver information in a secure…