Telecom Cloud Market Share

North American Market Forecast

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 growth of the market. Also, the expansion can be attributed to the growing adoption of 5G technology in the region. In addition to this, the presence of the key telecom industries and major market players is expected to boost the market growth in North America. For instance, between 2010 and 2020, telecommunications companies around the world invested about USD 1.8 trillion in infrastructure. Therefore, growing investment in telecom infrastructure is also bolstering the growth of the market. Furthermore, in the US, the growing and swiftly changing digital data is accelerating the market growth in the region.

APAC Market Statistics

Telecom cloud market in Asia Pacific is poised to hold a significant share of 28% by the end of 2037. 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 growth in Asia Pacific's telecom cloud market.