Global Blockchain in Telecom Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Blockchain in Telecom Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global blockchain in telecom market report has been segmented on the basis of organization size, application, and region.
Global Blockchain in Telecom Market: Overview
Blockchain is an emerging technology that distributes networks to be utilized by peer to peer data connectivity and decentralized ways. Telecom blockchain is powered by consensus algorithms where clients involved share a rational distribution and secure transactions.
Global Blockchain in Telecom Market: Dynamics
Increasing adoption of blockchain-as-a-service (BaaS) solutions in telecom organizations, growing demand for simplified and cost-efficient solutions, transparency and immutability of business processes by various organizations are major factors driving growth of the global blockchain in telecom market.
Moreover, growing demand for real-time data analysis, predictive maintenance, and enhanced operations visibility which is offered by block chain technology across telecom database operations is among another major factor expected to boost growth of the target market. In addition, growing fifth generation of networks, adoption of smart technologies, and high-speed connectivity across the industrial verticals is expected to proliferate growth of the potential market.
Furthermore, adoption of blockchain by telecom operators is resulting into high impact core management operations or internal processes which includes operations support system or business support system (OSS/BSS). Theses core management operations includes rating and billing systems, fraud detection systems, and others, which enables real time streamlining of processes, increases efficiency, and reduces operational costs. Aforementioned adoption and real time streaming are factors are expected to support growth of the global blockchain in telecom market.
However, increasing security concerns associated with authenticity of users and data privacy, and lack of blockchain professionals and awareness regarding blockchain technology advantages in telecom sectors in developing and developed countries are some of the major factors expected to restraint growth of the potential market.
Global Blockchain in Telecom Market: Opportunities and Trend
Increasing integration of IoT with blockchain technology in telecom industries, and rising use of blockchain solutions in IoT are factors expected to cater high revenue growth opportunities for player in the global market which in turn expected to contribute high revenue share in the global blockchain in telecom market.
Increasing utilization of blockchain technology for implementation of 5G technology and growing use of blockchain technology for fraud detection and management purposes by telecom enterprises are key trends observed in the global market, which in turn is expected to proliferate growth of the global market.
Global Blockchain in Telecom Market: Segment Analysis
The global market is segmented on the basis of organization size and application. Among the application segments, the connectivity provisioning segment is expected to anticipated to register high revenue growth in the global market over the forecast period. This is primarily attributed due to various features included in connectivity provisioning such as IoT connectivity, 5G enablement, and Machine to Machine (M2M) connectivity.
Global Blockchain in Telecom Market: Regional Analysis
The blockchain in telecom market in North America is expected to register highest CAGR and is expected to dominate in the global market. Asia Pacific blockchain in telecom market is expected to register second highest CAGR in the target market, due to increasing number of startups venturing and high venture capital funding into the target market and rising focus on regulating the blockchain technology by governments in countries in the region.
Global Blockchain in Telecom Market Segmentation:
Segmentation by Organization Size:
- Large Enterprises
- Small and Medium Enterprises (SMEs)
Segmentation by Application:
- Smart Contracts
- OSS/BSS Processes
- Identity Management
- Connectivity Provisioning
- Others (Roaming, Digital Asset Management, etc.)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Xain AG
- Wipro Limited
- Intel Corporation
- IBM Corporation
- Com, Inc.
- Nvidia Corporation
- Oracle corporation
- Riddle & Code GmbH
- Microsoft Corporation
- Advanced Micro Devices, Inc.
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