Information and Communication Technology Hybrid telecom cloud Market is projected to grow up to 26.4% CAGR during the forecasting p...

Hybrid telecom cloud Market is projected to grow up to 26.4% CAGR during the forecasting period 2021-2027.

Hybrid telecom cloud solution vendors enabling organizations to centralize, manage, and deliver information in a secure way. Increased emphasis is being placed on the use of data as a corporate asset that can be used to make better business decisions, improve marketing campaigns, optimise business operations, and reduce costs, all with the goal of increasing revenues and profits. Artificial intelligence and analytics are assisting end users such as retail stores, healthcare facilities, and financial services firms by making them more operationally efficient and utilising their data for better decision-making through artificial intelligence and analytics.

Hybrid Information systems facilities are an approach to enterprise computing in which an organisation provides and manages information technology resources in-house while using cloud-based services for other functions. This enables an organisation to maintain a centralised approach to IT governance while experimenting with cloud computing. Hybrid IT is transforming IT architectures and is the result of the combination of internal and external services, which are typically provided by internal and public clouds. Hybrid IT includes services such as cloud consulting, implementation, migration, automation, containerization as a service, complete managed services, and others.

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Key Driving Factors:The cloud-native environment has witnessed substantial growth.

The several telecom companies have found that the digital transformation and the workflows for the new business have made the transition to the cloud a straightforward process. Enterprises are embracing cloud computing technologies in order to gain a competitive advantage and differentiate themselves from their competitors. It is expected that spending on cloud infrastructure and Business Intelligence (BI) will increase significantly in the coming years. Companies have entered the cloud environment as a result of the increase in the number of cloud technologies being adopted, the increase in cloud awareness, and the decrease in cost, which has fueled the growth of the telecom cloud market.

Driving factors: There is increasing demand for computing that is agile, scalable, and cost-effective.

Hybrid cloud models are being used by businesses to address business challenges that are difficult to address with traditional IT infrastructure. When it comes to IT and business, hybrid cloud is bridging the gap by increasing agility and efficiency while also delivering IT resources at a low cost in a short period of time. Users benefit from high-speed performance and high availability, and enterprises can scale their applications and infrastructure to meet their needs as their needs change. Enterprises can benefit from economies of scale while still maintaining the security of their sensitive information thanks to hybrid cloud computing. Because the availability of secure, scalable, and cost-effective resources can provide organisations with more opportunities to explore different operational avenues, the adoption of a hybrid cloud environment among organisations is expected to increase as a result of the availability of these resources.

This report offers the major market player’s profiles, such as  IBM (US), Microsoft (US), Cisco Systems (US), AWS (US), Oracle (US), Google (US), VMware (US), Alibaba (China), Equinix (US), Rackspace (US), NetApp (US), Atos (US), Fujitsu (Japan), CenturyLink (Louisiana), HPE (US), DXC (US), RightScale (US), Micro Focus (US), NTT Communications (Japan), Dell EMC (US), Citrix (US), Pure Storage (US), Unitas Global (US), and Quest Software (US).

Based on  vertical:

The wealth management, banking, and insurance vertical is dealing with the need to reduce non-core functions and has begun to outsource these functions to third-party providers. In order to reduce costs and increase efficiency, banks turn to outsourcing. Because of this, channelized content insights and accurate banking information are required, which can be achieved through the use of cloud-based communications technology. Improved communication options are made possible by the collaborations, which allow banking and financial service providers to provide enhanced facilities to their clients. It enables face-to-face interactions between customers and employees to discuss various banking options from any location in the world using the technology. Customer experience improvement is made possible through the use of telecom cloud technology. The banking, financial services, and insurance verticals are experiencing increased growth opportunities in the telecom cloud market at the moment. In part, this growth can be attributed to the growing demand for telecom cloud services to improve staff training and banking education, as well as customer communication.

The hybrid telecom cloud Market report has been categorized as below: 

By Component

  • Solution

  • Services

By Service Type

  • Cloud management and orchestration

  • Disaster recovery

  • Hybrid hosting

By Service Model

  • Infrastructure-as-a-Service

  • Platform-as-a-Service

  • Software-as-a-Service

By Organization Size

  • Large enterprises

  • Small and medium-sized enterprises

By Vertical

  • BFSI

  • IT and Telecommunications

  • Healthcare

  • Retail

  • Media and entertainment

  • Manufacturing

  • Government

  • Transportation

  • Others (travel and hospitality, and education)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World
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Published Date : August-2021