Telecom Cloud Market Regional Analysis:
North American Market Insights
North American telecom cloud market is expected to hold a share of 35% during the forecast period. The region is embracing cloud computing services which is propelling the market growth. Also, the expansion can be attributed to the growing adoption of 5G technology in the region. In addition, the presence of the key telecom industries and major market players will boost the market revenue. For instance, between 2010 and 2020, telecommunications companies around the world invested about USD 1.8 trillion in infrastructure. Furthermore, in the US, the growing and swiftly changing digital data is accelerating the market growth in the region.
APAC Market Insights
Telecom cloud market in Asia Pacific is poised to hold a significant share of 28% by the end of 2035. The adoption of new and advanced technologies is driving the market for telecommunications cloud services in Asia Pacific. Innovative technologies such as the Internet of Things, cloud computing, and AI have been introduced by market players. Increasing healthcare expenditure, the expansion of healthcare sectors, and increasing government initiatives are also factors driving the market growth.
