Market Highlights:
Blockchain has gained significant growth in the past few years as it is a peer-to-peer distributed ledger that permits open and trusted exchanges over the internet without using an independent trusted authority or central servers. The capability of blockchain to enable transparent, verifiable, and protected digital asset transactions with both proof of ownership and rights, has led to it being applied increasingly to the telecommunication and post service sector. Factors such as the necessity to drive new revenue streams, decrease costs, and make their digital services more competitive are driving the expansion of the market significantly. The transformation of the telecommunication and post service industry towards a digitalized and virtualized setting is a major stimulus for growth in this industry.
With the emergence of blockchain technology, the market is projected to observe substantial development regarding initial coin offerings (ICOs) for the network or internet-based enterprises. Additionally, blockchain technology is likely to generate new avenues in the telecoms industry ranging from data-integrity management to back-office systems and billing. At present, these aspects are at a budding stage, but with time they are projected to positively influence the development of the market in the forecast period.
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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.
Segmentation:
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 Analysis;
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.
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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)
Continued……
List of Tables
Table 1 Market Synopsis
Table 2 List Of Assumptions
Table 3 Global Blockchain In Telecommunication And Post Services Market, By Service Providers, 2017-2023
Table 4 Global Blockchain In Telecommunication And Post Services Market, By Organization Size, 2017-2023
Continued……
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