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Public Cloud-Based Telecom Cloud Market to Register a CAGR of over 15.2% in the Next Decade

cloud computing manufacturing market

Public Cloud-Based Telecom Cloud Market to Register a CAGR of over 15.2% in the Next Decade

The Telecom Cloud Market revenues were estimated at US$ 19.8 Bn in 2021 and are anticipated to grow at a CAGR of 15.2% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 24 Bn. The market is projected to gross 15.2% CAGR through the public cloud.

During the pandemic, as individuals lived at home during the shutdown and businesses opted to work remotely, massive data consumption led to a spike in demand for telecom cloud installations, which significantly contributed to the market growth. Cloud has been one of the key themes of conversation in the telecom business in 2021 with the development of cloud-native 5G technology.

The public cloud solution provides on-demand infrastructure, lowering capital expenditure as well as continuous operational and life-cycle control. The public cloud may be a terrific incubator environment for not just developing new apps and services, but also bringing them to market and scaling them quickly.

Many corporate firms rely on the public cloud as their base. Telecom companies are increasingly looking to collaborate using public cloud services to use their computational capacity and use their strong network skills on the back end.

Hyperscalers such as Amazon, Google, Microsoft, and Oracle often establish and manage a uniform tech environment with public cloud platforms. CSPs, on the other hand, buy solutions from a variety of vendors who compete and advance in different directions, sometimes marginally, sometimes significantly.

Also, The BFSI sector outsources non-core functions to save money and enhance efficiency. As a consequence, targeted content views and precise financial data are required, which may be merged via a telecommunications cloud service.

Region-Wise Analysis

With a revenue share of more than 40% in the global telecom cloud market in 2021, North America held the top spot. American businesses place a high value on digitization and are more frequently seen as early adopters of cutting-edge technologies like the Internet of Things, additive manufacturing, big data analytics, connected businesses, intelligent systems, AR, ML, and VR, as well as the most recent telecommunications technologies like 4G, 5G, and LTE.

Category Insights

The public cloud category is anticipated to increase at a CAGR of around 15.2% between 2022 and 2032. Utilizing the public cloud is a path of technology advancement, organizational modifications, and service evolution.

The development of public cloud technology and wider cloudification initiatives is a key enabler for the digital telecom industry. Due to operational improvements in cloud efficiency, CSPs can promote service convergence by judiciously integrating disparate internal processes.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Telecom Cloud Market are focused on R&D to produce innovative technological solutions.

  • In April 2021, Momentum Telecom, a global provider of managed network and cloud voice, revealed that it had accomplished its purchase of Atlus Technology, a Tennessee-based leader in the development of cloud-based unified communications solutions.
  • In December 2020, Cisco announced the purchase of IMImobile, a cloud telecommunications software and service provider, allowing Cisco to provide its customers with an end-to-end client engagement management solution.
cloud computing manufacturing market

Manufacturing Leaders Are Making Significant Cloud Investments to Remain Ahead of the Competition

Manufacturing experienced rapid change over the last decade, and the pandemic only accelerated this change. In the mid-2010s, it became known as the Fourth Industrial Revolution because the fusion of emergent technologies was the most disruptive industrial force since the invention of the computer sparked the digital revolution.

Now, advanced technologies like cloud computing, artificial intelligence (AI), and the Internet of Things (IoT) optimize the supply chain. And we’re lucky it does — the pandemic crippled manufacturing, as 78.3% of these businesses anticipated a major financial impact and more than one-third admitted to facing supply chain issues at the onset of the crisis. Since then, major ports in the U.S. and China have been heavily congested (although recent reports estimate ship backlogs were reduced by almost 90% and aging cargo dropped 46% in Los Angeles).

How bad could the situation have gotten without the help of cloud technologies? It’s unfathomable. Thankfully, manufacturing leaders continue making significant cloud investments to remain ahead of the competition and improve the global supply chain.

Manufacturing in the Cloud

Cloud computing specifically helped manufacturers survive and even grow through the global lockdowns. Supply chains were stretched beyond their limits in what’s now known as the Global Supply Chain Crisis. This includes a global chip shortage that stunted the 2021 holiday season, food security issues, and increased consumer spending (especially in the U.S.).

Research shows manufacturers with the highest levels of cloud adoption are most likely to optimize core workflows and find cost-effective solutions. While they spend more on cloud resources, Wipro FullStride Cloud Services research finds that the ROI of 42% experienced by businesses adopting cloud technology far outpaces competitors not leveraging the technology beyond a beginner’s level (24%).

That’s because the supply-chain issues, while getting better, still haven’t subsided since the start of the pandemic nearly three years ago. And they’re not going away anytime soon, either. There are multiple factors keeping it in play, including a global worker shortage.

There has consistently been more than 800,000 unfilled manufacturing job openings over the past year in the U.S. alone, with 2.1 million vacancies expected by 2030, according to Deloitte. This is caused by two factors: a skills gap and the push for remote work. Less than half (46%) of manufacturers have remote-monitoring processes in place today.

Although manufacturing has razor-thin margins, companies are still managing to raise their cloud spending budgets. Take the results of a recent poll by Wipro FullStride Cloud Services of 130 manufacturers with average revenues of $23 billion and with profit margins near 10% (a hair above the industry average of 9.6%) as a prime example: Those manufacturers implemented an average of 39.5 cloud initiatives, and they are expected to run 79% of their applications in the cloud.

How are they doing it?

A Cloudy Future

Manufacturing leaders need to establish themselves as innovative leaders, and that involves a lot of rebranding. The old idea of manufacturing is a throwback to a century ago; today’s manufacturing jobs are high-tech positions involving more high-level analysis than manual labor. Automation and predictive maintenance allow machines to do the assembly line work while humans spend their time working on more important things like innovation and customer relations.

Running these technologies from the cloud makes factories more responsive to customer needs and market trends in real-time. Consider how Amazon built arguably the most effective global distribution network that provides real-time inventory and supply tracking for both customers and management. Leveraging cloud technology has helped lower costs and bring products to market faster.

Still, it’s not uncommon for manufacturers to hold onto physical infrastructure for an entire human lifetime. Cloud technology makes it possible to integrate old equipment to future-proof the entire operation, and that’s exactly what manufacturing leaders are doing. But with the cloud comes a need for cybersecurity.

Cybersecurity spending is a priority for hybrid-cloud manufacturers, although only 29% of cloud leaders report making significant progress in risk management, according to Wipro FullStride Cloud Services. This is changing, as the pandemic’s rise in cybercrime caused a push from global governments (including CISA in the U.S.) to heighten cybersecurity awareness and implement a zero-trust architecture.

Cloudy With a Chance of Profits

To get the most out of cloud investments, manufacturers need a partner. Cloud is an emerging technology, and manufacturing leaders may not understand how to implement it for the highest possible ROI. But cloud-based businesses with specializations in manufacturing can guide you through how to save money by leveraging the cloud.

Cloud-based digital twins are also useful in reducing the costs associated with equipment repairs. Having a machine break down halts the entire assembly line and costs the company a lot of money — in fact, 91% of businesses lose at least $300,000 per hour in downtime. Predictive maintenance lets you closely monitor equipment and predict failures before they occur, drastically reducing unplanned downtime and optimizing costs.

These cloud-based savings free up liquidity to invest in other emerging technologies, like AI, edge computing, and 5G. The combination of these investments can help scale the business and allow for more agility. As a result, you will be able to create a wider range of SKUs with higher quality and pivot as necessary to meet ever-changing consumer and market demands.

Prepped to Succeed with Cloud Technology

We’re still in the early stages of a revolutionary change in modern industry that’s fueled by innovative new technologies. Cloud, IoT, and AI are among the advanced tech that manufacturing leaders use to gain deeper insights, optimize processes, and become more efficient and cost-effective. These initial investments by technological leaders are providing long-term ROI that’s already paying for itself.

Moving key functions to the cloud enables more powerful capabilities for existing equipment while adapting to the changing workforce. And it’s how the industry is going to finally overcome the detrimental effects of the pandemic and the global lockdowns that followed. We’re not out of the woods yet, but we will be soon enough, thanks to modern technology.

Author’s Bio

As the SVP of Wipro FullStride Cloud ServicesSudhir Kesavan oversees the business transformation of Wipro’s largest clients via the cloud. He is also responsible for the build-out of consulting and advisory services, engineering capabilities, and technology innovation for horizontal and industry-specific accelerators at the heart of enterprise digital transformation.


Vast Majority of Accounting Firms Plan to Tap into Cloud Technology Due to Pandemic: Global Survey CaseWare International Unveils First-of-its-Kind State of Accounting Firms Trends Report 2022

Vast Majority of Accounting Firms Plan to Tap into Cloud Technology Due to Pandemic: Global Survey CaseWare International Unveils First-of-its-Kind State of Accounting Firms Trends Report 2022

With the rise in remote working spurred by the pandemic, almost two-thirds of accounting firms plan to adopt some form of cloud technology in the next two years to improve virtual collaboration, visibility, and efficiency. Of those, one-third are accelerating implementation within the next 12 months.

That’s the finding of a recent study conducted by leading software provider CaseWare International, which surveyed 3,095 accounting professionals globally about current industry challenges – from practice management and client/colleague interaction to attracting top talent in an increasingly virtual world. The results are compiled in a first-of-its kind 2022 State of Accounting Firms Trends Report which is accessible free of charge.

“We are driven by the needs of the industry and what we hear from this report is that remote work has accelerated the move to the cloud and those who are embracing new technologies have the competitive edge,” said Dave Osborne, CEO at CaseWare. “This is a clear indication that firms of all sizes need tools that go beyond securely sharing files, and the cloud is where the adventurous forward thinkers are headed to equip themselves for effective collaborative work.”

Why cloud technology? For half of those surveyed, the benefits include easier collaboration and reducing errors through standardization of processes and tasks. Forty-five percent of respondents think cloud technology improves client relationships, while 41 percent believe it saves time and costs. Others cite as advantages real-time access from any portable device, increased security, mitigating risk, and adding flexibility and scalability to help grow their business.

“An increasing number of firms recognize that cloud technology can be more efficient by enabling instantaneous, interactive reviews of continuously-updated engagement files, keeping track of deliverables so managers can quickly reallocate tasks among staff to ensure workloads are equally distributed, and answering team member questions in real-time, even at different locations,” said Scott Epstein, Chief Product Officer at CaseWare.

According to the study, the cloud is not the only advanced technology accountants are bringing into their practices. Ninety percent of respondents are using some form of data analytics to glean more insight from their data, while more than half of participants (51 percent) are using software automation to reduce the time they spend on repetitive tasks.

Other report highlights include:

  • When it comes to the biggest practice management challenges faced this past year, nearly half (47 percent) of those surveyed point to new tax laws, regulations and deadlines brought on by the pandemic, while 43 percent cite using new technologies. Others see a lack of direct interfacing with clients, adjusting to working remotely, cybersecurity/fraud threats, and finding the right talent as key concerns.
  • More than half of respondents say they would like to have more visibility into their staff members’ workloads, such as on which engagements staff are spending the most time, with what tasks they are most consumed, and how effectively they are meeting deadlines. They would also like more visibility into their firm’s operations and engagement workflows, such as the current status of the many tasks that go into an engagement (whether they are open, unassigned, or overdue, for example), whether deadlines are overlapping, or where work can be reallocated.
  • Most respondents (77 percent) indicate they use a collaboration software solution to communicate and share files with clients. However, the majority (57 percent) feel their overall client engagement process is not as efficient as they would like. For some, the barrier is related to finding time to exploit the technology or internal resistance to new tools.
  • Finding and hiring the right talent is a top issue for accounting firms, with 94 percent of those surveyed describing it as challenging and 42 percent calling it extremely challenging. Nearly nine in 10 find hanging on to staff to be either extremely challenging or somewhat challenging.

“As long as COVID-19 persists, technology, virtual collaboration, and visibility will continue to be top priorities for accounting professionals,” Epstein said. “Given the efficiencies the cloud brings and the headaches it eliminates, accounting firms that stay rooted in pure on-premises technology approaches are almost certain to fall behind their cloud-enabled competitors.”

The World Moving Forward

At the beginning of 2020, the world was upended with changes to its economics and social life by the arrival of COVID-19 – a virus that spread to countries like wild-fire that most were unprepared for. Fear and confusion led the way. Just like the early 2000s during the early stages of e-commerce, many of us stood still and watched certain industries use e-commerce to generate business and eat away at the expense of more traditional companies.

COVID-19 drastically changed the directions of normal activities. Social meetings, shopping habits, and business settings have now been reduced to online platforms. People are now forced to understand the role that internet technology will play in daily life.  Larger numbers of people working and shopping from home than ever before. There is so much difference in activities such as buying hot food or buying canned food from an online store. As a result, two key industries are expected to be extremely important aspects in supporting future daily life for many years to come: express last-mile delivery and logistics supply chain.

Express last-mile delivery has really been an important industry that we all have come to rely greatly upon lately. They deliver our hot-food order and all of our anticipated goods, sometimes even arriving at our front doors in less than an hour while the logistics business is taking a back doors approach in supplying a necessity to increase the productivity of many industries. Many independent logistics companies also help move a country’s raw materials, semi-finished goods, and finished goods into the domestic and international markets. This industry plays a key role in increasing the competitive power of corporations and revitalizing improvements in a country’s economics scales. However, competition in the logistics industry is extremely high. For it to survive and provide better services, companies should seek to consolidate and migrate their data into a cloud computing platform service.

With the adaptations into a cloud logistics platform, the traditional logistics roles can begin to expand, minimizing office and operating expenses, and reducing business risks. Imagine the number of logistics companies who have committed blocks of space to transporters but end up being unable to fulfill 12-24 hours before departure or a shipper who is looking to move shipments on a weekend due to a critical shortage in one of their key customers.

There are high penalty prices to be absorbed by all parties when shipment capacity is unable to be fulfilled due to a lack of communication and coordination among the companies. These unnecessary risks and wastes of business opportunities can be minimized if the information was cleverly integrated-communicated-distributed to its partners in a cloud logistics platform.

New trade and logistics solutions running through a cloud platform have begun with 4 billion smartphone global users. The notion for a business to have only one dedicated trade or logistics partner serving them for many years will need to be re-adjusted in order to provide transparency and better monitoring systems. People and business communities are now demanding convenience in purchasing items from their comfortable homes rather than calling to place an order. We are surrounded by technological inventions all around, created for the benefit of people, to improve our life by increasing productivity and efficiency. With 5G not too far away at a connection 100 times speedier than 4G, our social and business lives will be impacted even furthermore.

Almost all businesses will eventually need to operate on a cloud technology platform to make operations and decision making much more efficient. When trade and logistics are blended into a cloud technology platform, magical moments will definitely happen, with industries moving together with the same interest, we are seeing new ways of getting the job done.

IBM Opens New Linux Cloud Center in China

Endicott, NY – IBM has opened the world’s first dedicated System z Linux and Cloud Center of Competency in Beijing, designed to help customers take advantage of Linux and cloud computing solutions on the mainframe, and help accelerate adoption of Linux on System z technologies in China.

IBM is investing heavily in open source development for System z to capture new growth opportunities in China and other markets.

The IBM System z Linux & Cloud Center of Competency in Beijinga centralized location for briefings, technical training, testing and technical support services – is equipped with the latest hardware, software and services to enable clients, business partners, and ISVs to take advantage of advancements in cloud, analytics and mobile applications.

Linux server demand is reportedly rising due to demand from cloud infrastructure deployments, according to IDC, and is expected to continue to grow in the future.

In the first quarter of 2014, Linux server revenue accounted for 30 percent of overall server revenue, an increase of 15.4 percent.

IBM has supported development of Linux on System z for more than a decade, and today there are over 3,000 certified applications for Linux on System z.

In addition, IBM is supporting the development of skills to take advantage of these applications through the IBM Academic Initiative.

The IBM Academic Initiative helps to provide schools with the education resources they need to introduce and develop enterprise-computing skills to students to help them gain exposure to job opportunities and careers.

The program helps to facilitate student learning in high demand IT skills and links employers to available students and professional talent. 

For more than seven years, IBM has worked with students, professors, businesses and universities to provide mainframe training and curriculum resources to more than 180,000 students at over 1,000 schools in 70 countries – including eleven universities in China.

“Market adoption of Linux on System z has been tremendous with 80 of the top 100 System customers running Linux on the mainframe and more than 50 percent of all new mainframe accounts since 2010 running Linux,” the company said.