Blockchain In Telecom Market Analysis, Type, Size, Trends, Key Players and Forecast 2017 to 2032

Blockchain In Telecom Market size was valued at USD 143.74 Million in 2021 and is projected to reach USD 14,889.66 Million by 2030, growing at a CAGR of 67.47% from 2023 to 2030.

Blockchain is a collection of distributed ledger technology used to keep track of every transaction that has ever taken place between two or more users. Almost all industries have accepted Blockchain as a technology because it has the ability to upend or alter business paradigms. It is a fantastic response to the telecom industry's most important requirement, which is to hold historical user records without any possibility of those records being changed. Organizations are now able to control a variety of user account-related functions.
A digital asset's transaction history between two or more parties can be recorded, gathered, and maintained via a decentralised technology solution known as blockchain. It is connected through cryptography to give the transaction's timestamp. Organizations frequently utilise it to stop fraud, build transparent networks, save data specific to each device, prevent thefts, and streamline administrative processes. Smart contracts, connectivity provisioning, identity management, payment, and billing are all common uses of blockchain in the telecom industry. Additionally, it helps to automate processes, provide immediate traceability, and boost operational effectiveness. It keeps track of users' historical data, which may be checked by other parties and is unchangeable.

Market Overview
Due to the increase in support for business support systems (BSS) or operation support systems, the global market for Blockchain in telecom or telecoms is anticipated to experience promising growth in the next years (OSS). Blockchains are distributed ledgers that are replicated by network participants. Blockchains also assist in keeping a complete record of all transactions between two or more persons or groups.

Market Trends:
One of the main factors propelling the market's expansion is the global telecom industry's growing security concerns. Since all transactions are encrypted using cryptography, blockchain in telecom offers higher security. Additionally, the market growth is being boosted by the rising need for smart contracts. Blockchain technology is frequently used to automate the execution of contracts with set terms. Additionally, a number of technological developments, such as the combination of linked devices and the Internet of Things (IoT) and artificial intelligence (AI), are promoting market expansion. These technologies allow for the transmission of data between smart devices and the creation of tamper-proof recordings of shared transactions.

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Global Blockchain in Telecom Market: Major Players
Cegeka
BlockCypher
Blockpoint
RecordsKeeper
SpinSys
Abra
ShoCard
Auxesis Group
BLOCKO
IBM
Huawei
Bitfury
Chain
TBCASoft
Oracle
Reply
Clear
Microsoft
Sofocle
Blockchain Foundry
SAP
AWS
Blockstream
Guardtime
Filament

Global Blockchain in Telecom Market: By Types
OSS/BSS Processes
Identity Management
Payments
Smart Contracts
Connectivity Provisioning
Others

Global Blockchain in Telecom Market: By Applications
Small and Medium Enterprises
Large Enterprises

Global Blockchain in Telecom Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Blockchain in Telecom market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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