According to IMARC Group’s latest report, titled “Blockchain in Telecom Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
According to IMARC Group’s latest report, titled “Blockchain in Telecom Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ The global blockchain in telecom market reached a value of US$ 275 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 4,969 Million by 2027, exhibiting at a CAGR of 62.46% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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The escalating data security concerns among telecom organizations are some of the key factors driving the blockchain in telecom market. Besides this, the incorporation of the Internet of Things (IoT) and artificial intelligence (AI) with connected devices is further catalyzing the market growth. Moreover, the widespread adoption of blockchain technology in the telecom industry to reduce identity and roaming frauds is acting as another growth-inducing factor. In line with this, the increasing demand for smart contracts to manage all of the billing related to roaming to ensure significant cost savings is also stimulating the market growth. Additionally, the integration of 5G technology and the elevating utilization of blockchain-based mobile wallet payments are anticipated to fuel the blockchain in telecom market over the forecasted period.
- com Inc.
- Blockchain Foundry Inc.
- Deloitte Touche Tohmatsu Limited
- Huawei Technologies Co.Ltd.
- Infosys Limited
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Tbcasoft Inc.
- Wipro Limited.
Key Market Segmentation:
Breakup by Provider:
- Application Providers
- Middleware Providers
- Infrastructure Providers
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Application:
- OSS/BSS Processes
- Identity Management
- Smart Contracts
- Connectivity Provisioning
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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