Chinese telecom giant Huawei has brought the first suite of global scenario-based cloud solutions for telecom carriers. Director of Huawei Carrier IT Marketing and Solution Sales Chen Xuejun recently announced this new solution in China at the summit Win-Win Innovation Week. These solutions focus on monetising networks, innovating services, and optimising operations to help carriers embrace cloud transformation and growth acceleration. With advances in 5G, cloud computing, big data, and edge computing, cloud transformation has become the future of telecom carriers. Read: Huawei: 'Fastest-growing' cloud provider in Asia-Pacific According to Gartner, carriers around the world will increase their investment in cloud transformation at a compound annual growth rate of 27 percent in the next five years. Chen Xuejun said: "The key to carrier cloud transformation lies in smarter use of the cloud for networks, services, and operations. Huawei Cloud will work with global carriers to transform and open up new growth space." The Win-Win Innovation Week was held from July 18 to July 21 in Shenzhen. Read Huawei launches new green development solutions