Telecom market will reach around 74.36 billion by 2026 grow at a CAGR OF 19.9%

Posted January 12, 2022 by insightsanddata

Telecom market will reach around 74.36 billion by 2026 grow at a CAGR OF 19.9%
The moment anyone talks about the telecom industry, one starts imagining:

Heavy infrastructure
Several towers
Data centers
While that’s true, however, the industry is swiftly transforming some of its physical elements into digital/ cloud-based applications. Many big telecom giants like Vodafone, Rakuten, Deutsche, and others have moved their infrastructure to the public cloud.

And if you believe the reports or surveys, this trend will evolve into 2022 and beyond. It will be among the top priorities to transform the industry.


Cloud Computing Open up New Opportunities and Revenue Streams

The role of cloud computing is swirling around delivering business value while increasing overall profitability. Cloud technology enables the telecom industry to provide an agile and competitive new environment. As per the researchers, this technology will drive the telecom industry in the following ways:

Flexibility: This is probably one of the best advantages that the cloud offers. Since cloud infrastructures are innately cost-effective, a business can flourish even more. Their pay-as-you-go model helps firms to pay only for the resources they need. Thus, reducing overall overhead expenses.

Scalability: Since cloud technology allows telecom companies to stay flexible, it enables them to upscale or downscale as per their growth opportunities and capitalizes accordingly. The same technology allows the industry to accommodate several tasks like workloads and traffic spikes.

Adaptability: The marketplaces nowadays are evolving and shifting because of the changing customer demands. And if you can respond to these changing demands, it will keep you ahead of the competition. And cloud technology helps you do just that. It enables you to revamp and update services to acquire new customers.

Reduces complexity: Nobody wants to show their customers the back-end operations. Who would like to know about the operational intricacies? So, using this technology, you can efficiently work on upgrades and maintenance works in the background. Thus, improving complexity when it comes to service offerings. Hence, reducing financial loss while providing a flawless operation.

Variability: Since cloud technology allows businesses to address user preferences in analytics, location, and personal attributes. It helps them offer user-centric services and products.

While the opportunities are pretty extensive, why will a telecom company opt for this technology? Well! Let’s decode the reasons right away!

Email / Call Us at :
[email protected]
APAC: +91 70226 21355
United States: +1 858 939 9252
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Abhay singh
Country United States
Categories Business
Last Updated January 12, 2022