Blockchain in Telecom Market

Description

The telecom blockchain market is projected to increase from US$ 1.75 billion in 2024 to US$ 17.60 billion by 2031, with an expected CAGR of 35.2% from 2025 to 2031. The growing concerns regarding user authenticity and data privacy are key factors driving the adoption of blockchain technology within the telecom industry.

Blockchain in Telecom Market Analysis

Blockchain technology is crucial in the telecommunications sector for fighting fraud, securing user identities, and enabling advanced network services and IoT connectivity solutions, which significantly contributes to market growth. The rise of 5G technology accelerates the integration of blockchain in telecom, facilitating swift and reliable blockchain operations. By utilizing strong encryption methods, blockchain offers a secure and verifiable way to record and store data on the network, improving transparency and preventing tampering. As a result, telecom companies are likely to adopt blockchain to bolster network security and lower operational costs, thus driving market growth.

Blockchain in Telecom Industry Overview

Blockchain is a transformative technology that is changing the telecom sector by providing a secure and transparent method for managing and authenticating data and transactions. Essentially, it is a decentralized and distributed digital ledger that records and verifies information across various nodes or computers.In the telecom sector, blockchain is vital for enhancing security, preventing fraud, and streamlining network operations. It offers a tamper-proof and immutable transaction record, ensuring data integrity and authenticity, which is critical in an industry where privacy and security are essential.

With blockchain, telecom companies can securely manage and share customer identities, ensuring that only authorized individuals can access sensitive information. This helps to prevent identity theft and fraudulent activities, creating a trustworthy environment for users.

Strategic Insights

Blockchain in Telecom Market Drivers and Opportunities

Increasing Telecom Fraud to Propel Blockchain in Telecom Market Growth

Telecom fraud has become a rapidly escalating criminal activity in the telecommunications sector. According to Europol's European Cybercrime Centre and Trend Micro, it incurs an annual cost of around US$ 32.7 billion, presenting a significant challenge for law enforcement. However, the adoption of blockchain technology provides a viable solution for communication service providers to effectively detect and prevent fraud. Consequently, the blockchain market in telecom is witnessing remarkable growth.

The integration of blockchain technology in the telecom sector not only tackles the urgent issue of fraud but also contributes to the overall market expansion. As telecom companies incorporate blockchain into their operations, they can build trust and confidence among customers, who are increasingly concerned about the security and privacy of their communications. This, in turn, drives the demand for blockchain solutions in the telecom industry.

Blockchain in Telecom Market Report Segmentation Analysis

According to enterprise size, the blockchain in telecom market forecast is divided into large enterprises and SMEs.

The large enterprises segment is anticipated to capture a significant share of the blockchain in telecom market in 2024. Large enterprises require robust and secure communication systems due to their extensive operations and customer base. Blockchain technology offers enhanced security and transparency, making it an appealing solution for large telecom enterprises.

Blockchain in Telecom Market Share Analysis by Geography

The blockchain in telecom market report is primarily categorized into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2024, Asia Pacific emerged as the leading region in terms of market size for blockchain in telecom. The region presents a promising market for blockchain in telecom, driven by the growing popularity of mobile payments in countries like India and China. In India, especially following the demonetization initiative, telecom operators have been shifting towards mobile payment solutions. For example, major telecom companies like Jio and Airtel provide digital wallets to facilitate customer-to-customer payments. The integration of blockchain technology into these payment systems can enhance security and reduce costs, thereby promoting market growth.

Blockchain in Telecom Market Report Scope

The "Blockchain in Telecom Market Analysis" was conducted based on enterprise size, application, and geography. The market is segmented by enterprise size into large enterprises and SMEs. By application, it is divided into identity management, payment and billing, smart contracts, and connectivity provisioning. Geographically, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Blockchain in Telecom Market News and Recent Developments

Companies are employing both inorganic and organic strategies, such as mergers and acquisitions, in the blockchain in telecom market. Below are some recent key developments in the market:

In November 2022, the Telecom Regulatory Authority of India (TRAI) announced its partnership with Telecom Service Providers (TSPs) to implement new blockchain technology aimed at combating spam calls and messages. TRAI is actively developing and deploying various technologies that utilize blockchain to identify and block spam communications. Additionally, TRAI is taking proactive measures to establish a Joint Committee of Regulators (JCOR) that includes key regulatory bodies such as the Reserve Bank of India (RBI), the Securities & Exchanges Board of India (SEBI), and the Ministry of Consumer Affairs (MoCA). This collaborative effort aims to enhance consumer protection and foster a secure and trustworthy communication environment.[Source: TRAI, Company Website]

In February 2022, Global Telecom, a leading wireless technology engineering firm specializing in hardware and network solutions, announced the launch of its innovative MERCURY series of tri-connectivity modules. These modules are the first of their kind, providing seamless connectivity to satellite, cellular, and private networks, as well as Wi-Fi and Bluetooth. Global Telecom's MERCURY series sets a new benchmark in wireless connectivity by offering access to all three major wireless networks, along with additional Wi-Fi and Bluetooth capabilities. These modules feature fully custom-designed architecture, incorporating patented, hostless, and driverless technology. Moreover, they include an advanced layer of blockchain security, ensuring enhanced data protection and integrity for users.[Source: Global Telecom, Company Website]

Blockchain in Telecom Market Report Coverage & DeliverablesThe market report on "Blockchain in Telecom Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market covering the following areas:

Market size & forecast at global, regional, and country levels for all key market segments included in the scope.Market dynamics such as drivers, restraints, and key opportunities.Key future trends.Detailed PEST & SWOT analysis.Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.Detailed company profiles.

Product Code: TIPRE00002963

1. INTRODUCTION

1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
- 1.3.1. Blockchain in telecom Market - By Provider
- 1.3.2. Blockchain in telecom Market - By Application
- 1.3.3. Blockchain in telecom Market - By Region
  - 1.3.3.1. By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. BLOCKCHAIN IN TELECOM MARKET LANDSCAPE

4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
- 4.3.1. North America - PEST Analysis
- 4.3.2. Europe - PEST Analysis
- 4.3.3. Asia Pacific (APAC) - PEST Analysis
- 4.3.4. Middle East & Africa (MEA) - PEST Analysis
- 4.3.5. South America (SAM)- PEST Analysis

5. BLOCKCHAIN IN TELECOM MARKET - KEY INDUSTRY DYNAMICS

5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. BLOCKCHAIN IN TELECOM MARKET - GLOBAL MARKET ANALYSIS

6.1. BLOCKCHAIN IN TELECOM - GLOBAL MARKET OVERVIEW
6.2. BLOCKCHAIN IN TELECOM - GLOBAL MARKET AND FORECAST T-2028
6.3. MARKET POSITIONING/ MARKET SHARE

7. BLOCKCHAIN IN TELECOM MARKET REVENUE AND FORECASTS T-2028 - PROVIDER

7.1. OVERVIEW
7.2. PROVIDER MARKET FORECASTS AND ANALYSIS
7.3. INFRASTRUCTURE PROVIDERS
- 7.3.1. Overview
- 7.3.2. Infrastructure Providers Market Forecast and Analysis
7.4. MIDDLEWARE PROVIDERS
- 7.4.1. Overview
- 7.4.2. Middleware Providers Market Forecast and Analysis
7.5. APPLICATION PROVIDERS
- 7.5.1. Overview
- 7.5.2. Application Providers Market Forecast and Analysis

6. BLOCKCHAIN IN TELECOM MARKET REVENUE AND FORECASTS T-2028 - APPLICATION

7.6. OVERVIEW
7.7. APPLICATION MARKET FORECASTS AND ANALYSIS
7.8. IDENTITY MANAGEMENT
- 7.8.1. Overview
- 7.8.2. Identity Management Market Forecast and Analysis
7.9. OSS/BSS PROCESSES
- 7.9.1. Overview
- 7.9.2. OSS/BSS Processes Market Forecast and Analysis
7.10. PAYMENT
- 7.10.1. Overview
- 7.10.2. Payment Market Forecast and Analysis
7.11. SMART CONTRACTS
- 7.11.1. Overview
- 7.11.2. Smart Contracts Market Forecast and Analysis
7.12. CONNECTIVITY PROVISIONING
- 7.12.1. Overview
- 7.12.2. Connectivity Provisioning Market Forecast and Analysis
7.13. OTHERS
- 7.13.1. Overview
- 7.13.2. Others Market Forecast and Analysis

8. BLOCKCHAIN IN TELECOM MARKET REVENUE AND FORECASTS T-2028 - GEOGRAPHICAL ANALYSIS

8.1. NORTH AMERICA
- 8.1.1. North America Blockchain in telecom Market Overview
- 8.1.2. North America Blockchain in telecom Market Forecasts and Analysis
- 8.1.3. North America Market Forecasts and Analysis - By Provider
- 8.1.4. North America Market Forecasts and Analysis - By Application
- 8.1.5. North America Market Forecasts and Analysis - By Countries
  - 8.1.5.1. US market
    - 8.1.5.1.1. US Market by Provider
    - 8.1.5.1.2. US Market by Application
  - 8.1.5.2. Canada market
    - 8.1.5.2.1. Canada Market by Provider
    - 8.1.5.2.2. Canada Market by Application
  - 8.1.5.3. Mexic-market
    - 8.1.5.3.1. Mexic-Market by Provider
    - 8.1.5.3.2. Mexic-Market by Application
8.2. EUROPE
- 8.2.1. Europe Blockchain in telecom Market Overview
- 8.2.2. Europe Blockchain in telecom Market Forecasts and Analysis
- 8.2.3. Europe Market Forecasts and Analysis - By Provider
- 8.2.4. Europe Market Forecasts and Analysis - By Application
- 8.2.5. Europe Market Forecasts and Analysis - By Countries
  - 8.2.5.1. France market
    - 8.2.5.1.1. France Market by Provider
    - 8.2.5.1.2. France Market by Application
  - 8.2.5.2. Germany market
    - 8.2.5.2.1. Germany Market by Provider
    - 8.2.5.2.2. Germany Market by Application
  - 8.2.5.3. Italy market
    - 8.2.5.3.1. Italy Market by Provider
    - 8.2.5.3.2. Italy Market by Application
  - 8.2.5.4. Russia market
    - 8.2.5.4.1. Russia Market by Provider
    - 8.2.5.4.2. Russia Market by Application
  - 8.2.5.5. UK market
    - 8.2.5.5.1. UK Market by Provider
    - 8.2.5.5.2. UK Market by Application
  - 8.2.5.6. Rest of Europe market
    - 8.2.5.6.1. Rest of Europe Market by Provider
    - 8.2.5.6.2. Rest of Europe Market by Application
8.3. ASIA PACIFIC (APAC)
- 8.3.1. Asia Pacific Blockchain in telecom Market Overview
- 8.3.2. Asia Pacific Blockchain in telecom Market Forecasts and Analysis
- 8.3.3. Asia Pacific Market Forecasts and Analysis - By Provider
- 8.3.4. Asia Pacific Market Forecasts and Analysis - By Application
- 8.3.5. Asia Pacific Market Forecasts and Analysis - By Countries
  - 8.3.5.1. South Korea
    - 8.3.5.1.1. South Korea Market by Provider
    - 8.3.5.1.2. South Korea Market by Application
  - 8.3.5.2. China market
    - 8.3.5.2.1. China Market by Provider
    - 8.3.5.2.2. China Market by Application
  - 8.3.5.3. India market
    - 8.3.5.3.1. India Market by Provider
    - 8.3.5.3.2. India Market by Application
  - 8.3.5.4. Japan market
    - 8.3.5.4.1. Japan Market by Provider
    - 8.3.5.4.2. Japan Market by Application
  - 8.3.5.5. Australia market
    - 8.3.5.5.1. Australia Market by Provider
    - 8.3.5.5.2. Australia Market by Application
  - 8.3.5.6. Rest of APAC market
    - 8.3.5.6.1. Rest of APAC Market by Provider
    - 8.3.5.6.2. Rest of APAC Market by Application
8.4. MIDDLE EAST AND AFRICA (MEA)
- 8.4.1. Middle East and Africa Blockchain in telecom Market Overview
- 8.4.2. Middle East and Africa Blockchain in telecom Market Forecasts and Analysis
- 8.4.3. Middle East and Africa Market Forecasts and Analysis - By Provider
- 8.4.4. Middle East and Africa Market Forecasts and Analysis - By Application
- 8.4.5. Middle East and Africa Market Forecasts and Analysis - By Countries
  - 8.4.5.1. South Africa market
    - 8.4.5.1.1. South Africa Market by Provider
    - 8.4.5.1.2. South Africa Market by Application
  - 8.4.5.2. Saudi Arabia market
    - 8.4.5.2.1. Saudi Arabia Market by Provider
    - 8.4.5.2.2. Saudi Arabia Market by Application
  - 8.4.5.3. UAE market
    - 8.4.5.3.1. UAE Market by Provider
    - 8.4.5.3.2. UAE Market by Application
  - 8.4.5.4. Rest of MEA market
    - 8.4.5.4.1. Rest of MEA Market by Provider
    - 8.4.5.4.2. Rest of MEA Market by Application
8.5. SOUTH AMERICA (SAM)
- 8.5.1. South America Blockchain in telecom Market Overview
- 8.5.2. South America Blockchain in telecom Market Forecasts and Analysis
- 8.5.3. South America Market Forecasts and Analysis - By Provider
- 8.5.4. South America Market Forecasts and Analysis - By Application
- 8.5.5. South America Market Forecasts and Analysis - By Countries
  - 8.5.5.1. Brazil market
    - 8.5.5.1.1. Brazil Market by Provider
    - 8.5.5.1.2. Brazil Market by Application
  - 8.5.5.2. Argentina market
    - 8.5.5.2.1. Argentina Market by Provider
    - 8.5.5.2.2. Argentina Market by Application
  - 8.5.5.3. Rest of SAM market
    - 8.5.5.3.1. Rest of SAM Market by Provider
    - 8.5.5.3.2. Rest of SAM Market by Application

9. INDUSTRY LANDSCAPE

9.1. MERGERS & ACQUISITIONS
9.2. MARKET INITIATIVES
9.3. NEW DEVELOPMENTS

10. BLOCKCHAIN IN TELECOM MARKET, KEY COMPANY PROFILES

10.1. AMAZON WEB SERVICES
- 10.1.1. Key Facts
- 10.1.2. Business Description
- 10.1.3. Products & Services
- 10.1.4. Financial Overview
- 10.1.5. SWOT Analysis
- 10.1.6. Key Developments
10.2. BITFURY GROUP
- 10.2.1. Key Facts
- 10.2.2. Business Description
- 10.2.3. Products & Services
- 10.2.4. Financial Overview
- 10.2.5. SWOT Analysis
- 10.2.6. Key Developments
10.3. BLOCKCHAIN FOUNDRY
- 10.3.1. Key Facts
- 10.3.2. Business Description
- 10.3.3. Products & Services
- 10.3.4. Financial Overview
- 10.3.5. SWOT Analysis
- 10.3.6. Key Developments
10.4. HUAWEI TECHNOLOGIES CO., LTD.
- 10.4.1. Key Facts
- 10.4.2. Business Description
- 10.4.3. Products & Services
- 10.4.4. Financial Overview
- 10.4.5. SWOT Analysis
- 10.4.6. Key Developments
10.5. MICROSOFT CORPORATION
- 10.5.1. Key Facts
- 10.5.2. Business Description
- 10.5.3. Products & Services
- 10.5.4. Financial Overview
- 10.5.5. SWOT Analysis
- 10.5.6. Key Developments
10.6. ORACLE CORPORATION
- 10.6.1. Key Facts
- 10.6.2. Business Description
- 10.6.3. Products & Services
- 10.6.4. Financial Overview
- 10.6.5. SWOT Analysis
- 10.6.6. Key Developments
10.7. RECORDSKEEPER
- 10.7.1. Key Facts
- 10.7.2. Business Description
- 10.7.3. Products & Services
- 10.7.4. Financial Overview
- 10.7.5. SWOT Analysis
- 10.7.6. Key Developments
10.8. SAP SE
- 10.8.1. Key Facts
- 10.8.2. Business Description
- 10.8.3. Products & Services
- 10.8.4. Financial Overview
- 10.8.5. SWOT Analysis
- 10.8.6. Key Developments
10.9. SOFOCLE TECHNOLOGIES
- 10.9.1. Key Facts
- 10.9.2. Business Description
- 10.9.3. Products & Services
- 10.9.4. Financial Overview
- 10.9.5. SWOT Analysis
- 10.9.6. Key Developments
10.10. SPINSYS
- 10.10.1. Key Facts
- 10.10.2. Business Description
- 10.10.3. Products & Services
- 10.10.4. Financial Overview
- 10.10.5. SWOT Analysis
- 10.10.6. Key Developments

11. APPENDIX

11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS