Telecoms companies must embrace the cloud computing and use it defend its core business according to new research. The “Navigating the Telecom Cloud” study, carried out by analyst firm Informa Telecoms and Media said that using cloud services, telcos would have a “multi-billion dollar opportunity to change the dynamics of ICT wallet share.”

Camille Mendler, principal analyst said that a telecoms company’s “cloud services must fulfil a primary function of securing revenues on the network assets that make [communications service provider] CSPs positively different from pure-play cloud service providers.” She said that while revenue growth rates comfortably exceeding 100 per cent per annum are common. Only a handful of CSPs currently generate more than five per cent of overall revenues from cloud services. However, telcos managed to spend US$13.5 billion on cloud in 2011 with the bulk of that (58.2 %) being spent in North America. Europe accounted for 7.1%, while the Asia-Pacific region had 30.8%.

Source: Cloud Pro