Blockchain in Telecom Market by Application, Drive Mechanism and Region Forecasts to 2023
Market Highlights: The market for blockchain in telecommunication and post services was worth more than USD 39 Mn in 2017 and is likely to reach a valuation of over USD 641 Mn by 2023-end, indicating towards a strong growth of the market over the next couple of years. Integration of blockchain in telecommunication and post services provisions speeding up of various business processes. Blockchain is viewed as a groundbreaking technology for managing telecommunication operation such as billing, identity management, roaming and payments and transactions. Inclination toward digital payment modes and increased demand for digital services is also boosting the adoption of blockchain in the telecommunication sector. Moreover, acceptance of crypto-currencies on a broader scale has created opportunities for blockchain. However, integration concerns related to application and existing system are issues that are yet to be fully addressed.
Blockchain technology acts as an electronic record-keeping and transaction-processing system. It allows participants to track information through a secure network and eliminates the need for any third-party verification. Blockchain in telecommunication is viewed as a groundbreaking technology for managing telecommunication operation such as identity management, billing, transactions, and roaming and payments.
Get a Sample report @ https://www.marketresearchfuture.com/sample_request/6214 Major Key Players: • IBM Corporation, • Microsoft Corporation, • Juniper Networks Inc, • Coinbase, • SAP SE, • Atos SE, • Blockchain Tech Ltd, • Earthport Plc, • Bitfury Group, Accenture Plc.
The global Blockchain in Telecom Market is projected to grow exponentially over the forecast period. The novel use of blockchain, which is in its nascent stage and the innovative applications being developed for the technology are expected to propel market growth during the forecast period. In 2017, the market was valued at USD 39.2 million. Comparatively, the global Blockchain in Telecom and post services is projected to reach an estimated USD 641.8 million by the end of 2023 and achieve an astoundingly positive CAGR of 59.3% during the forecast period of 2017 to 2023.
Segmental Analysis: The blockchain in telecommunication & post services market has been segmented on the basis of service providers, organization size, applications, digital services, platform, and region.
By mode of service providers, the global blockchain in telecommunication and post services market has been segmented into middleware provider, application and solution provider, and infrastructure and protocols provider. Among these, the application and solution provider segment is presumed to expand at a CAGR of 60.6%.
By mode of organization size, the global blockchain in telecommunication and post services market has been segmented into SME and large enterprise. Among these, the small and medium enterprise is anticipated to be the fastest growing segment expanding at 61.3% CAGR during the forecast period.
By mode of application, the global blockchain in telecommunication and post services market has been segmented into smart contracts, payment & transaction, reporting and analytics, network management, billing/OSS, and others. Among these, the payment & transaction segment is likely to earn revenues worth USD 174.1 million.
By mode of digital services, the global blockchain in telecommunication and post services market has been segmented into voice/data services, digital asset transaction, content services and managed services, and value-added services identity-as-a-service. Among these, the digital asset transaction segment is anticipated to demonstrate 60.4% CAGR.
By mode of platform, the global blockchain in telecommunication and post services market has been segmented into IOTA, Ethereum, Hydrachain, Hyperledger, open-chain and IBM blockchain. Among these, the Ethereum platform is considered to lead the global market.
Regional Insights Led by the U.S, North America accounts for the largest region in the global market. The region is technologically advanced and has the well-developed infrastructure. The region also has a concentration of leading market players and startups which is expected to compel market growth over the course of the forecast period. U.S accounted for the largest sub-segment of the North American market and is expected to achieve a CAGR of 58.9% during the assessment period.
Europe accounts for the second largest market and closely follows North America with regards to consumption and growth patterns. Germany is one of Europe's significant countries in the blockchain for telecommunication & post services market and is projected to grow at a CAGR of 61.5% during the forecast period.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/blockchain-telecommunication-post-services-market-6214 Intended Audience: • Blockchain service providers • System Integrators • Government Organizations • Research/Consultancy firms • Middleware Providers • Telecom Vendors • Communication Service Providers List of Figures Figure 1 Global Blockchain in Telecom And Post Services Market: Market Structure Figure 2 Key Takeaways Of The Blockchain in Telecom And Post Services Market Figure 3 North America Market Size & Market Share By Country (2017 Vs 2023) Figure 4 Europe Market Size & Market Share By Country (2017 Vs 2023) Figure 5 Asia-Pacific & Market Share By Country (2017 Vs 2023) Figure 6 Rest Of The World Market Size & Market Share By Country (2017 Vs 2023) Figure 7 Research Process Of Mrfr Figure 8 Top Down & Bottom Up Approach Figure 9 Drivers, Opportunities And Restraint Analysis Of Global Blockchain in Telecom And Post Services Market Continued…… https://www.reuters.com/brandfeatures/venture-capital/article?id=66542 http://www.erienewsnow.com/story/39773512/blockchain-in-telecom-market-2019-size-share-recent-trends-competitors-strategy-regional-analysis-and-industry-growth-by-forecast-to-2023 https://www.marketwatch.com/press-release/blockchain-in-telecom-market-global-industry-analysis-size-key-players-business-growth-regional-trends-development-status-sales-revenue-and-comprehensive-research-study-by-2023-2018-12-18 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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