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Telecom Cloud Market Size to Surpass US$ 105.7 Billion by 2030

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London, May 20, 2022 (GLOBE NEWSWIRE) — The global telecom cloud market size was valued at US$ 31.36 billion in 2021. Current research and development endeavors are expected to raise revenue in the global telecom cloud market. Market participants fund the majority of these initiatives in the telecom cloud market, strategic relationships are extremely important. These steps are taken by market players in order to strengthen their positions, resulting in an increase in the growth rate of the telecom cloud market.

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Significant changes in global firm operations have emerged from improvements in communications and information technology. A wide range of government and public sector organizations rely on the critical information infrastructure services. In addition, businesses are becoming more interested in cloud services in order to meet increased demand from corporate operations.

Regional Snapshot

Asia-Pacific is the largest segment for telecom cloud market in terms of region.China and Indiaare dominating the telecom cloud market in the Asia-Pacific region. The acceptance of new and advanced technologies and the rapid deployment of 5G networks are driving the telecom cloud market in the Asia-Pacific region. The latest technologies like the cloud computing, internet of things, blockchain, and artificial intelligence have been adopted by key market players.

North America region is the fastest growing region in the telecom cloud market.The U.S. hold the highest market share in the North Americatelecom cloud market. the businesses in North America are quickly accepting and adopting telecom cloud services in order to improve communication. The employees of these organizations are well versed in technical terms and motivated to increase the use of telecom cloud services, helping North America to dominate the telecom cloud market. Furthermore, the rise of the North American telecom cloud market is being fueled by rising funding and expenditures in data centers.

Scope of the Report

Report Attributes Details
Market Size in 2021 USD 31.36 Billion
Revenue Forecast by 2030 USD 105.7 Billion
Base Year 2021
Forecast Data 2022 to 2030
Companies Covered Acorn Dairy Ltd., Amazon.com Inc., Andechser Molkerei Scheitz GmbH, Arla Foods amba, Aurora Organic Dairy, Barambah Organics Pty Ltd., China Shengmu Organic Milk Ltd., Danone SA, General Mills Inc., Organic Valley

Report Highlights

  • On the basis of type, services segment holds the largest market share in the global telecom cloud market. The network accounted for a significant portion of the services market in the telecom cloud industry. Because of the migration to cloud services, telecom operators can repurpose underused networking resources and profit from existing corporate ties.
  • On the basis of computing service, IaaS segment holds the largest market share in the global telecom cloud market. The IaaS is a highly standardized and automated product that allows customers to access a service provider’s computer resources as well as storage capabilities on demand.
  • On the basis of application, BFSI segment holds the largest market share in the global telecom cloud market. The non-core tasks are being outsourced by the BFSI sector to save costs and improve efficiency. As a result, focused content views and exact banking information are needed, which can be combined via a telecom cloud service.

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Market Dynamics

Drivers

Surge in demand for open radio access network (RAN) and private 5G network

The open radio access network (RAN) allows different suppliers’ parts to communicate with each other. The usage of open radio access network (RAN) can help companies avoid becoming reliant on a single supplier’s software and hardware. In today’s world, the demand for a private 5G network is steadily expanding. As a result, surge in demand for open radio access network (RAN) and private 5G network is driving the growth of global telecom cloud market.

Restraints

Uncertainty of data loss

When consumers don’t have data preserved in their private systems, the risk of information loss is always prevailing. When data is accidentally erased by the user, expecting it will be kept somewhere else, or when the system becomes corrupted, there is risk of information loss. Thus, uncertainty of data loss is hindering the growth of global telecom cloud market.

Opportunities

Growing adoption of innovative technologies

Thecloud technologies are being accepted by firms in order to gain competitive edge and distinguish themselves in the global market. In the future years, expenditure on business intelligence and cloud infrastructure is likely to rise. The organizations have entered the cloud environment and actuated the telecom cloud industry as the number of cloud technologies utilized and cost reductions have increased. Thus, this factor is creating prospects for expansion of worldwide telecom cloud market.

Challenges

Concerns regarding interoperability and portability

Although the cloud is a new technology, mobility is major concern that must be addressed before using telecom cloud. Each cloud provider offers a unique collection of services and products. It becomes simple to migrate the cloud to multiple suppliers when it is simple to do so. As a result, this factor is the biggest challenge for telecom cloud market.

Recent Developments

  • Cisco declared the acquisition of IMImobile, a cloud communications software and service firm, in December 2020, allowing Cisco to offer its consumers an end-to-end customer engagement management solution.
  • Momentum Telecom, worldwide supplier of managed network and cloud voice, declared in April 2021 that it had completed its acquisition of Atlus Technology, a leading developer of cloud based unified communications systems in Tennessee.

Market Segmentation

By Deployment Mode

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Type

  • Solutions
    • Unified Communication and Collaboration
    • Content Delivery Network
    • Other Solutions
  • Services
    • Colocation Services
    • Network Services
    • Management Service
      • Content Management
      • Supply Chain Management
      • Business Support system(BSS)

By Computing Service

  • IaaS
  • PaaS
  • SaaS

By Organization Size

  • SMEs
  • Large Enterprise

By Application

  • Data Storage
  • Achieving
  • Computing
  • Enterprise Application
    • Cloud Delievery Model
    • Communication and Collaboration
    • Network Cloud Migration
    • Over-The-Top
  • Other Applications

End User

  • BFSI
  • Retail and Consumer Goods
  • Healthcare and Life Sciences
  • Media and Entertainment
  • Government
  • Automotive
  • Energy and Utilities
  • Other End Users

 By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

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Artificial Intelligence

Slovenian Tourist Board Unveils Innovative Projects to Enhance Tourism and Sports Visibility: Audio Stories, AI-Powered Virtual Assistant, and “Slovenia – Sports Destination” Website

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LJUBLJANA, Slovenia, May 28, 2024 /PRNewswire/ — Slovenia is a land of countless natural beauties, cultural treasures, top health and wellness resorts and superb gastronomy, which the Slovenian Tourist Board aims to showcase to visitors in an innovative and attractive way. To achieve this, the Board continually analyzes current marketing trends and develops projects designed to excite tourists, spark their curiosity and inspire them to explore further.

By staying at the forefront of marketing strategies, the Slovenian Tourist Board ensures that the country’s unique attractions are presented in the most engaging and appealing manner possible. The most recent projects to boost Slovenia’s visibility include three new projects: Sounds Like Slovenia, a series of audio stories, an AI-powered virtual assistant named Alma on slovenia.info and the “Slovenia – Sports Destination” website.
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Meet Alma, an AI-powered virtual assistant
Alma, named after the adventurous traveller and writer Alma M. Karlin, operates using advanced AI technology, filtering content to suit user interests. She sources reliable information from the slovenia.info database and over 50 verified websites of Slovenian tourist destinations and providers. As one of the first AI assistants in Slovenian tourism, and among the few AI assistants integrated in national tourism organizations’ websites in Europe, Alma positions slovenia.info as a reliable source of information and inspiration for international visitors.
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Slovenia – Sports Destination Website
The Slovenia–Sports Destination website serves as a comprehensive resource for organizing sports activities and events, conferences, rehabilitation and inspiration, available in both Slovenian and English. Sports agencies, clubs, and event organizers can use the portal to connect directly with relevant partners in Slovenia. The website also provides direct contacts for specialized sports agencies and federations, assisting with the organization of preparatory matches and other logistical needs. Information on sports accommodations is also available.
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Sounds Like Slovenia 
Thematic playlists on Spotify and sound stories on slovenia.info provide an immersive audio experience of Slovenia’s landscapes and cultural offerings. Themes are categorized into five categories: the Sounds of Nature, Thrilling Outdoor Adventures, Cities and Culture, Health and Well-Being, and Gastronomy. Crafted for the global digital campaign, the audio list aims to captivate travelers worldwide.
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Together, these projects demonstrate Slovenia’s dedication to innovation and sustainability in tourism, offering visitors unforgettable experiences in this vibrant European destination with a green heart.
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Artificial Intelligence

Winners of Huawei ICT Competition 2023-2024 Global Final Announced

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SHENZHEN, China, May 28, 2024 /PRNewswire/ — On May 26, the closing and awards ceremony of the Huawei ICT Competition 2023–2024 Global Final was held in Shenzhen. This year’s competition attracted more than 170,000 students from over 2,000 universities and colleges across more than 80 countries and regions, making it the largest offline competition since its launch. More than 160 teams, adding up to a total of 470 contestants from 49 different countries and regions, made it through national and regional competitions to reach this year’s global final, held in Shenzhen May 23-26.

After fierce competition, 19 teams from nine countries (Algeria, China, Nigeria, Pakistan, Poland, the Philippines, Tanzania, Türkiye, and Uganda) won the Grand Prizes of the Practice and Innovation Competitions. The Best Social Media Popularity Award was won by a team from Pakistan. The Green Development Award was won by two teams from China and Morocco. The Women in Tech Award was granted to four teams from Kenya, Malaysia, Morocco, and Uganda. And the TECH4ALL Digital Inclusion Award was won by two teams from China and the Philippines.
Zhou Hong, President of Huawei’s Institute of Strategic Research, said: “To make sure everyone can truly enjoy the benefits of digitalization while such technologies are making radical progress, Huawei believes it is crucial to guarantee that digital technologies are accessible to all.”
Stefania Giannini, UNESCO Assistant Director-General for Education, said in a video message:,”UNESCO works to uphold the basic rights and agency of every learner and teacher when using digital technology and AI, and promote an inclusive, equitable, open, and secure digital future for all. Many thanks to our partners like Huawei for their longstanding support.”
Ritchie Peng, President of Huawei’s ICT Strategy and Business Development Department, stated: “ICT is the cornerstone of the intelligent world. Through the Huawei ICT Competition, we aim to provide students with a global platform to compete and exchange ideas.”
On the same day, Huawei also held the ICT Accelerating Education Transformation Summit. At the summit Huawei awarded 24 instructors the title “Huawei ICT Academy Global Most Valuable Instructor.” The awards, given out for the first time this year, aims to show gratitude for the important contributions the instructors have made to talent development, and mark them as role models showing how the brightest minds can grow even brighter. These role models will help drive sustainable development of the ICT talent ecosystem.
The Huawei ICT Competition is an annual contest held by Huawei for global university and college students. Through the competition, Huawei aims to provide students with an international platform for healthy competition and exchange of ideas. Since its launch in 2015, the competition has helped students enhance their ICT knowledge and practical skills, while also increasing their ability to innovate by using new technologies and platforms. The ultimate goal is to advance technological development and facilitate digital inclusion around the world.
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NEXCOM, CTOne, and Vertex Join Forces to Enhance Private Network Security

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TAIPEI, May 28, 2024 /PRNewswire/ — NEXCOM, a leading supplier of network solutions, CTOne, a global cybersecurity leader in communication technology, and Vertex, a professional system integrator of 5G private network, join forces for groundbreaking POC targeted to advance 5G private network security within semiconductor manufacturing site framework. Designed to address the specific cybersecurity challenges common in OT networks, collaborative solution offers unparalleled protection, and seamless integration into existing network architectures with minimal disruption to operations during deployment.

Improved Network Security
NEXCOM’s 1U Edge server, the TCA 5170, delivers scalable performance and advanced cybersecurity features, empowering manufacturers with robust OT network protection. Leveraging cutting-edge technologies, the TCA 5170 accelerate encryption and decryption processes, ensures authentication and real-time threat detection, safeguarding private networks against evolving cyber threats. Its scalability makes it ideal for deployments of all sizes, from smaller production lines to semiconductor giants, providing comprehensive security solutions for diverse industrial needs.
More Visibility, Easier Management
The integrated solution simplifies the management of complex OT networks, enabling IT teams to efficiently monitor and manage network security while optimizing resource utilization. CTOne’s virtualized private 5G security software, installed on TCA 5170 and deployed at strategic points at the semiconductor manufacturing site, integrates seamlessly across IT and CT networks to deliver full visibility with real-time monitoring of data traffic. Combined with CTOne’s built-in 5G protection capabilities, the solution enable immediate interception and isolation of threats while supporting a Zero Trust strategy.
“This collaboration has been pivotal in delivering a comprehensive cybersecurity solution for semiconductor manufacturing sites,” said Ming-Yang, Yi, senior manager of AMEA business development group of CTOne. “By integrating our advanced 5G visibility and security capabilities with NEXCOM’s TCA 5170, we’ve created a robust solution that enhances data protection and optimizes operational efficiency of private 5G networks.”
“Working alongside NEXCOM and CTOne has allowed us to deliver a truly comprehensive cybersecurity solution for private 5G network,” said Willis Fu, Technical Director at Vertex. “Bringing together NEXCOM’s TCA 5170 and CTOne’s Mobile Network Security solution ensures seamless protection of the private 5G network, providing our end customer with peace of mind and confidence in their operations.”
“The TCA 5170 is a compact 1U server that offers different configurations and scalable performance, allowing our ecosystem partners to easily adapt and run their applications for deployments of all scales,” said Jennifer Lan, Sales & Marketing Director of Network & Communication Solutions at NEXCOM. “Our successful collaboration with CTOne and Vertex underscores our commitment to providing top-tier security and operational efficiency for our clients.”
Read full Case Study: Security-Solution-to-Protect-Private-Networks-at-Semiconductor-Facilities.pdf (nexcom.com)
This joint solution can be experienced firsthand at upcoming exhibitions:
May 29 – May 31, 2024, CommunicAsia 2024, Singapore, Singapore EXPO, Hall 4, booth 4E3-14June 26  – June 28, 2024, COMNEXT, Japan, Tokyo, Tokyo Big Sight, South Hall, Booth 9-14About NEXCOM
Founded in 1992 and headquartered in Taipei, Taiwan, NEXCOM integrates its diverse capabilities and operates six global businesses, including the Network and Communication Solutions (NCS) unit. NCS focuses on the latest network technology and helps to build reliable network infrastructure, by delivering professional design and manufacturing services for customers all over the world. NCS’s network application platform is widely adopted in Cyber Security, Load Balancing, 5G uCPE, SD-WAN, SASE, Edge Computing, OT Security, Storage, NVR, and other network applications for businesses of all sizes.
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