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Global Blockchain in Telecom Market Forecast to 2023 by Provider, Application, Organization Size and Region - CAGR to Grow at 84.4%
[July 11, 2018]

Global Blockchain in Telecom Market Forecast to 2023 by Provider, Application, Organization Size and Region - CAGR to Grow at 84.4%

DUBLIN, July 11, 2018 /PRNewswire/ --

The "Blockchain in Telecom Market by Provider, Application, Organization Size and Region - Global Forecast to 2023" report has been added to's offering.

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The blockchain in telecom market is expected to grow from USD 46.6 million in 2018 to USD 993.8 million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.4% during the forecast period.

The major driving factors in the market are increasing support for Operation Support System/Business Support System (OSS/BSS) processes, and rising security concerns among telcos.

The major restraining factor in the growth of blockchain in telecom market include growing concerns related to the authenticity of users and uncertain regulatory status and the lack of common standards. Many enterprises believe identity theft done by criminals can help them to gain access of account details and blockchain would not be able to prevent it. Also, there is a notion among enterprises that data confidentiality, integrity, and availability can be affected seriously. Also, government bodies' restriction in the adoption of blockchain technology and lack of common standards can hinder the growth of blockchain in telecom market.

The blockchain in telecom market study aims at estimating the market size and future growth potential of the market across different segments, such as provider, application, organization size, and region. The application segment includes OSS/BSS process, identity management, payments, smart contracts, connectivity provisioning, and others (roaming and digital asset management). The connectivity provisioning segment is expected to grow at the highest CAGR during the forecast period. The connectivity provisioning segment covers 5G enablement, IoT connectivity, and M2M connectivity. With the help of blockchain technology, operators can provide device connection to multiple local hotspots and Wi-Fi based on permission. 5G enablement is also one of the important use cases of blockchain technology. The 3GPP (LTE, GPRS) and non-3GPP (WiMax, WLAN, and Wi-Fi) can be implemented using the blockchain network.

The blockchain in telecom market has been segmented on the basis of providers into 3 categories: application providers, middleware providers and infrastructure providers. Among these types, application providers are the fastest growing segment in the overall market. The introduction of technologically advanced blockchain solutions has witnessed a certain level of adoption in the telecom sector for various application areas thereby fueling the overall market growth.

In terms of geographic coverage, the blockchain in telecom market has been segmented into 5 regions, namely, North America, Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. North America is estimated to account for the largest market share in 2018. North America is cosidered the most advanced region in terms of technology adoption and infrastructure. The wide presence of key industry players of blockchain technology solutions in this region is the main driving factor for the growth of the market. Various telcos in the region are adopting the blockchain technology to reduce identity and roaming frauds and enhance customer experience.

Furthermore, APAC is expected to record the highest growth rate during the forecast period, due to the increase in venture capital funding, significant increase in the number of startups venturing into this market space and governments focusing on regulating the blockchain technology. Major telcos in Japan, Australia and New Zealand, India, and Singapore, provide huge opportunities for the adoption of the blockchain technology.

The major blockchain in telecom players majorly adopted partnerships and new product launches as the key growth strategies to offer feature-rich blockchain in telecom solutions to their customers and further penetrate into regions with unmet needs.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data Breakdown of Primaries Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Research Assumptions and Limitations
2.3.1 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Blockchain in Telecom Market
4.2 Market Share of Top 3 Providers and Regions, 2018
4.3 Market By Organization Size, 2018
4.4 Market Investment Scenario
4.5 Market Top 3 Applications

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Increasing Support for OSS/BSS Processes Rising Security Concerns Among Telcos
5.2.2 Restraints Growing Concerns Related to the Authenticity of Users Uncertain Regulatory Status and the Lack of Common Standards
5.2.3 Opportunities Blockchain Technology Helps the Telecom Sector in Fraud Management Extensive Use of Blockchain Solutions in IoT Space Increasing Use of the Blockchain Technology for Implementing 5G Technology
5.2.4 Challenges Lack of Awareness of the Blockchain Technology Lack of Understanding About the Blockchain Concept, Skill Sets, and Technical Knowledge
5.3 Industry Trends
5.3.1 Types of Blockchain Technology Private Blockchain Public Blockchain
5.3.2 Blockchain Associations and Consortiums Enterprise Ethereum Alliance (EEA) Hyperledger Consortium Global Blockchain Business Council Blockchain Collaborative Consortium (BCCC) R3CEV Blockchain Consortium CLS Group Global Payments Steering Group (HPSG) Financial Blockchain Shenzhen Consortium (FBSC) CU Ledger
5.4 Innovation Spotlight

6 Blockchain in Telecom Market, By Provider
6.1 Introduction
6.2 Application Providers
6.3 Middleware Providers
6.4 Infrastructure Providers

7 Market By Application
7.1 Introduction
7.2 OSS/BSS Processes
7.3 Identity Management
7.4 Payments
7.5 Smart Contracts
7.6 Connectivity Provisioning
7.7 Others

8 Blockchain in Telecom Market, By Organization Size
8.1 Introduction
8.2 Small and Medium-Sized Enterprises
8.3 Large Enterprises

9 Blockchain in Telecom Market, By Region
9.1 Introduction
9.2 North America
9.2.1 United States
9.2.2 Canada
9.3 Europe
9.3.1 United Kingdom
9.3.2 Germany
9.3.3 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Australia and New Zealand
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Middle East and Africa
9.5.1 Middle East
9.5.2 Africa
9.6 Latin America
9.6.1 Mexico
9.6.2 Brazil
9.6.3 Rest of Latin America

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situations and Trends
10.2.1 New Product Launches
10.2.2 Business Expansions
10.2.3 Partnerships, Agreements, and Collaborations

11 Company Profiles
11.1 Introduction
11.2 AWS
11.3 Guardtime
11.4 IBM
11.5 Microsoft
11.6 SAP
11.7 Bitfury
11.8 Cegeka
11.9 Clear
11.10 Reply
11.11 Shocard
11.12 Abra
11.13 Auxesis Group
11.14 Blockchain Foundry
11.15 Blockcypher
11.16 Blocko
11.17 Blockpoint
11.18 Blockstream
11.19 Chain
11.20 Filament
11.21 Huawei
11.22 Oracle
11.23 Recordskeeper
11.24 Sofocle
11.25 Spinsys
11.26 Tbcasoft

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