Global Telecom Cloud Market to Reach $102.1 Billion by 2030
The global market for Telecom Cloud estimated at US$28.3 Billion in the year 2023, is expected to reach US$102.1 Billion by 2030, growing at a CAGR of 20.1% over the period 2023-2030. Telecom Cloud Solutions, one of the segments analyzed in the report, is expected to record 17.9% CAGR and reach US$53.5 Billion by the end of the analysis period. Growth in the Telecom Cloud Services segment is estimated at 23.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.6 Billion, While China is Forecast to Grow at 19.3% CAGR
The Telecom Cloud market in the U.S. is estimated at US$8.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.4 Billion by the year 2030 trailing a CAGR of 19.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.9% and 17% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 13.8% CAGR.
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