Market Research Report
Blockchain in Telecom - Global Market Outlook (2019 -2027)
|Published by||Stratistics Market Research Consulting||Product code||942597|
|Published||Content info||133 Pages
Delivery time: 2-3 business days
|Blockchain in Telecom - Global Market Outlook (2019 -2027)|
|Published: June 1, 2020||Content info: 133 Pages||
According to Stratistics MRC, the Global Blockchain in Telecom Market is accounted for $93.50 million in 2019 and is expected to reach $11,455.90 million by 2027 growing at a CAGR of 82.4% during the forecast period. Increasing security concerns between telcos and growing support for OSS/BSS process are the major factors propelling the market growth. However, the increasing concerns connected to the accuracy of users and doubtful regulatory status and the lack of common standards are hampering the market growth.
Blockchain in telecom is essentially a set of distributed ledger technologies which is used to record and preserve the complete history of all transactions that have happened between two or more users. As a technology, Blockchain has been adopted in almost all the industries as it has the potential to disrupt or change the business models. In the telecommunication industry, it is a perfect solution for the most significant need of this industry, i.e. grasp historical records of users without any chance of those records being tampered with.
Based on the application, the connectivity provisioning segment is estimated to have a lucrative growth due to anticipated registering high revenue growth in the global market. This is primarily credited owing to various features included in connectivity provisioning such as IoT connectivity, 5G enablement, and Machine to Machine (M2M) connectivity.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the raise in venture capital funding, significant raise in the number of start-ups venturing into this market space and governments focusing on regulating the blockchain technology.
Some of the key players profiled in the Blockchain in Telecom Market include IBM, Reply, Shocard, Abra, Auxesis Group, Blockchain Foundry, Blockcypher, Blocko, Blockpoint, Blockstream, Microsoft, SAP, Bitfury, Cegeka and Clear.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances