HOME Research Insight AT&T, Inc. (Dallas, Texas, U.S.) and BT Group PLC (London, U.K.) are Leading key players in Telecom Cloud Market

AT&T, Inc. (Dallas, Texas, U.S.) and BT Group PLC (London, U.K.) are Leading key players in Telecom Cloud Market

The telecom cloud market is expected to grow from USD 10.92 Billion in 2016 to USD 30.79 Billion by 2021, at a high Compound Annual Growth Rate (CAGR) of 23.0%, owing to enhance the existing market offerings and increasing market reach for the Telecom Service Providers (TSPs).

The major players in the telecom cloud market include AT&T, Inc. (Dallas, Texas, U.S.), BT Group PLC  (London, U.K.), Verizon Communication, Inc. (New Jersey, U.S.), Level 3 Communications, Inc. (Broomfield, Colorado, U.S.), Deutsche Telekom (Bonn, Germany), NTT Communications Corporation (Tokyo, Japan),

CenturyLink, Inc. (Louisiana, U.S), Singapore Telecommunications Limited (Singapore), Orange Business Service (Paris, France), and Ericsson (Stockholm, Sweden). These players have adopted various growth strategies, such as new product launches, partnerships, agreements, mergers & acquisitions, and expansions. Partnerships, agreements, & collaborations and new product launches were the two major strategies adopted by these players to achieve a strong foothold in the telecom cloud market.

AT&T Inc. is a pioneer in the telecom cloud market. The company primarily focuses on enterprise business services, such as mobility services, cloud services, network services, and cybersecurity services in the telecom cloud landscape. AT&T Inc.ís telecom cloud offerings for enterprises are designed in a way to provide best-in-class technology at low Operational Expenditure (OPEX) and Capital Expenditure (CAPEX). The company has expanded its product offerings with the help of technological developments & collaborations.  For instance, in 2015, AT&T Inc. and IBM announced an expansion of their strategic partnership and introduced a full suite of advanced networking and application & hosting services. AT&T transitioned its managed application and managed hosting services unit to IBM to align these capabilities with the IBM cloud portfolio. AT&T and IBM together, enabled enterprises to more easily integrate networks and cloud workloads with their IT environments. Also, in 2016, AT&T Inc. launched ECOMP, a software platform that automates the on-boarding, service chaining, management, & maintenance of Virtual Network Functions (VNFs), and delivers these solutions within the AT&T integrated cloud to power up its speed and agility.

Also, BT Group Plc is an eminent player in the telecom cloud market. The company is currently focusing on serving its customers with highly competent technology-enabled solutions & services in cloud, mobile, social, and security, to sustain in the competition. With the growing demand for cloud-based solutions and services, the telecom cloud market is also gaining traction. The company provides communication services to Small and Medium Enterprises (SMEs) and large enterprises. The company also offers managed networked IT services to multinational corporations, domestic businesses, and national & local government organizations. BT Group Plc focuses on improving its product portfolio with recent launches and upgradation. For instance, in November 2016, BT introduced a new mobile service, BT One Cloud Mobile, which integrates cloud, data, mobility, and collaboration. BT One Cloud Mobile helps customers collaborate through voice, messaging, application sharing, & conferencing services, and helps businesses reduce costs.

The telecom cloud market research report analyses global adoption trends, future growth potentials, key drivers, vendor portfolio analysis, restraints, opportunities, and value chain in this market.

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Telecom Cloud Market by Type (Solution and Service), Application (Billing & Provisioning and Traffic Management), Service Model (SaaS, PaaS, and IaaS), Organization Size, Vertical, and Region - Global Forecast to 2021

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