Press release
Blockchain in Telecom Market is Estimated to Reach USD 14178.86 Million By 2030: Cognitive Market Research
Blockchain in Telecom Market is Estimated to Reach USD 14178.86 Million By 2030: Cognitive Market Research
- Blockchain is an advanced digital technology that allows for the secure and transparent recording of transactions, without the need for a central authority. In the telecom industry, blockchain can be used to improve the security, efficiency, and transparency of various processes and transactions within the industry. Blockchain technology is being used to streamline the billing and payment processes in the telecom industry.
Summary:
• Global Blockchain in Telecom Market Size Was Valued at USD 230.37 Million In 2023 And Is Expected to Grow at a CAGR Of 67.36 % During the Forecast Period, Reaching USD 14178.86 Million By 2030 - Exclusive Report by Cognitive Market Research
• The increasing adoption of blockchain technology to improve organizations' security along with an increasing number of telecom companies worldwide is the major driving factor for the growth of the blockchain in the telecom market.
• North America is accounted for the largest share of the blockchain in the telecom market.
To know more The Blockchain in Telecom Market statistics click here: https://www.cognitivemarketresearch.com/blockchain-in-telecom-market-report
Market Dynamics:
- The increasing adoption of blockchain technology to improve organizations' security along with an increasing number of telecom companies worldwide is the main driving factor contributing to the growth of the global blockchain in the telecom market during the forecast period. Various telecom industries, including Airtel, AT&T, and Vodafone are employing this technology to enhance their outcomes. For example, Telefonica has collaborated with IBM company. It uses the IBM platform to log information collected by various networks when routing international calls in order to improve the transparency of information.
Additionally, increasing demand for enhancing network security is another factor that boosts market growth during the forecast period. However, the implementation of blockchain in telecom requires cautious consideration of technical and regulatory factors which may obstruct the growth of the market in near future. Further, the evolution of 5G wireless networks is expected to create lucrative opportunities for the blockchain in the telecom market during the forecast period.
Global Blockchain in Telecom market segmentation analysis:
- Application:
• Smart Contracts
• Identity Management
• Connectivity Provisioning
• OSS/BSS Processes
• Payments
• Others
The connectivity provisioning segment is expected to grow at a significant CAGR during the forecast period
The connectivity provisioning segment is expected to grow at a significant CAGR during the forecast period. It is due to blockchain technology being increasingly used to enhance the connectivity provisioning process in the telecom industry by providing a transparent platform for managing customer data and transactions. Some of the benefits of using blockchain for connectivity provisioning in the telecom sector include improved security and enhanced efficiency.
- End User:
• Small and Medium-Sized Enterprises
• Large Enterprises
Competitive Analysis for Blockchain in Telecom Market:
- AWS, Guardtime, IBM, Microsoft, SAP, Blocko, Oracle, Filament.
Get free sample pages of latest published Blockchain in Telecom Market Report: https://www.cognitivemarketresearch.com/blockchain-in-telecom-market-report
North America dominated the blockchain in the telecom market during the forecast period.
- North America accounted for relatively the largest share of the blockchain in the telecom market throughout the forecast period. The growth of the market is significantly growing in the region due to the rising technological innovations in the telecom industry. Blockchain technology is significantly used in North America to enable secure and decentralized identity and access management systems. This technology enables customers to have more control over their data and reduces the risk of identity theft and fraud
News
- Tech Mahindra and Microsoft announced a collaboration to bring cloud-powered 5G core network modernization to telecom partners
In January 2023, Microsoft announced a strategic collaboration to enable cloud-based 5G core network modernization for telecom companies worldwide. The 5G core network transformation will help telecom operators to develop 5G core use cases and meet their customers' changing technological needs. It also enables customers to modernize, optimize and secure business operations, reduce costs, and develop a greener network. Currently, companies focus on investing in emerging technologies such as blockchain technology that enables digital transformation and meet the evolving needs of the customer.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Blockchain in Telecom Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Blockchain in Telecom Market Segmentation
1.5.1 Blockchain in Telecom Market Regional Fragmentation
1.5.1 Blockchain in Telecom Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Blockchain in Telecom Market
• 3.1 Global Blockchain in Telecom Market Size 2018 - 2030, (USD Million)
• 3.2 Global Blockchain in Telecom Market Statistics 2022: Snapshot
Chapter 4 Global Blockchain in Telecom Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Blockchain in Telecom Market by Application Segmentation Analysis (2018-2030)
Chapter 9 Global Blockchain in Telecom Market by End User Segmentation Analysis (2018-2030)
Chapter 10 Global Blockchain in Telecom Market Regional Analysis
Chapter 11 North America Blockchain in Telecom Market Outlook (2018 - 2030)
Chapter 12 Europe Blockchain in Telecom Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Blockchain in Telecom Market Outlook (2018 - 2030)
Chapter 14 Latin America Blockchain in Telecom Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Blockchain in Telecom Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Blockchain in Telecom Market TOC click here: https://www.cognitivemarketresearch.com/blockchain-in-telecom-market-report#table_of_contents
Related report
• Blockchain Technology Market- https://www.cognitivemarketresearch.com/blockchain-technology-market-report
• VoIP Services Market- https://www.cognitivemarketresearch.com/voip-services-market-report
• 5G Networks Equipment Market- https://www.cognitivemarketresearch.com/5g-network-equipment-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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