Blockchain in Telecom Market worth 993.8 Billion USD till 2023, growing at a CAGR of 84.4% | Global key players- AWS , Guardtime , IBM , Microsoft , SAP , Bitfury and Others
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The Blockchain in Telecom Market size is expected to grow from US$ 46.6 Million in 2018 to US$ 993.8 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.4% during the forecast period. The blockchain in telecom market is driven by various factors, such as the increasing support for OSS/BSS processes and rising security concerns among telcos.
#Complete report on Blockchain in Telecom Market spread across 131 pages, profiling 25 companies and supported with tables and figures. Access Research at https://www.reportsnreports.com/purchase.aspx?name=1561872
The Application providers segment is the fastest growing segment in the blockchain in telecom market. The blockchain in telecom market has been categorized as, application providers, middle ware providers, and infrastructure providers. The application providers leverage the platforms and solutions provided by infrastructure providers and tools provided by middle ware providers for the development of applications.
“OSS/BSS processes segment is expected to hold the largest market share during the forecast period”
The OSS/BSS processes segment consists of import set of functions required for the telecom sector. OSS applications are important for the telecom sector as they aid in management and operations of telcos’ network and customer services. BSS helps the telecom sector in 4 areas: product management, order management, revenue management, and customer management. The OSS/BSS processes running on the traditional networks are subject to data theft and clustered business operations. Blockchain efficiently handles various challenges involved in OSS/BSS processes. Concerns over number portability, billing and flexi eSIM provisioning, roaming, and fraud are efficiently handled by the blockchain network.
APAC is expected to have the highest growth rate during the forecast period, due to the increase in venture capital funding, increasing number of startups, governments’ increasing focus on regulating the blockchain technology in the telecom market space. The key telecom service providers, financial hubs, and government organizations in China, Australia and New Zealand, India, and Singapore, provide huge opportunities for the adoption of the blockchain solutions in the telecom sector.
The Objective of the report is to define, describe, and forecast the blockchain in telecom market by provider, application, organization size, and region. The report analyzes the opportunities in the market for stakeholders by identifying the high-growth segments of the market. It profiles the key players of the market and comprehensively analyzes their core competencies, such as new product launches, partnerships, agreements, and collaborations.
#Target Audience for Blockchain in Telecom Market : CSPs, Regulatory bodies, Blockchain technology solution vendors, ISVs, Consulting firms, VARs
#Top Companies in the “Blockchain in Telecom Market” include are AWS (US), Guardtime (Estonia) , IBM (US) , Microsoft (US) , SAP (Germany) , Bitfury (US) , Cegeka (The Netherlands) , Clear (Singapore), Reply (Italy) , ShoCard (US), Abra (US), Auxesis Group (India), Blockchain Foundry (Singapore) , BlockCypher (US), BLOCKO (South Korea), Blockpoint (US), Blockstream (US), Chain (US), Filament (US), Huawei (China), Oracle (US) , RecordsKeeper (Spain), SpinSys (US), Sofocle (India), and TBCASoft (US).
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Competitive Landscape of Blockchain in Telecom Market:
2 Competitive Situations and Trends
2.1 New Product Launches
2.2 Business Expansions
2.3 Partnerships, Agreements, and Collaborations
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