PUBLISHER: TechSci Research | PRODUCT CODE: 1886398
PUBLISHER: TechSci Research | PRODUCT CODE: 1886398
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The Global Blockchain in Telecom Market will grow from USD 1.19 Billion in 2024 to USD 19.96 Billion by 2030 at a 60.00% CAGR. Blockchain in the telecom sector represents the application of decentralized, distributed ledger technology to enhance the security, transparency, and operational efficiency of telecommunication networks and services.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 1.19 Billion |
| Market Size 2030 | USD 19.96 Billion |
| CAGR 2025-2030 | 60.00% |
| Fastest Growing Segment | SMEs |
| Largest Market | North America |
Key Market Drivers
The imperative for enhanced security and robust fraud prevention is a paramount factor propelling the global Blockchain in Telecom Market. Telecommunication networks are increasingly targeted by sophisticated cyber threats and fraudulent activities, leading to significant financial losses and erosion of customer trust. Blockchain technology offers a decentralized and immutable ledger, which inherently strengthens data integrity, secures transactions, and provides transparent audit trails, making it exceptionally difficult for malicious actors to manipulate records or conduct unauthorized activities.
Key Market Challenges
The main challenge hindering the growth of the Global Blockchain in Telecom Market stems from the intricate complexity of integrating new blockchain solutions with the extensive, often proprietary, legacy IT infrastructures prevalent within telecommunication companies. These deeply embedded systems represent significant past investments and are critical to ongoing operations, making their adaptation or overhaul a demanding and costly endeavor.
Key Market Trends
The increasing integration of blockchain with 5G and IoT ecosystems is a key trend, driven by demand for secure and automated operations within these expanding networks. This convergence enables trustworthy data exchange and device management, essential for vast numbers of connected elements. According to GSMA, global IoT connections are forecast to reach almost 25 billion by 2025, with over 30% expected to use 5G connectivity.
In this report, the Global Blockchain in Telecom Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Blockchain in Telecom Market.
Global Blockchain in Telecom Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: