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Blockchain in Telecom Market by Provider, Application, Organization Size And Region - Global Forecast to 2023

Blockchain: Telecom Market Forecast until 2023

  • July 2018
  • 132 pages
  • ID: 5473532
In this report:
While the application providers segment is expected to reach the largest market size of USD ##.## million by 2023, growing at the highest CAGR of ##.##% during the forecast period, as applications provided by vendors reduce the duplication of the transactional data and provide seamless authentication for commercial and regulatory purposes.

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Increasing support for OSS/BSS processes is predicted to push the global rise of blockchain in telecom market

The blockchain in telecom market size is forecasted to grow from $46.60M in 2018 to $993.80M by 2023, at a Compound Annual Increase rate of 84.40 percent during the forecast period. The blockchain in telecom market is influenced by several factors, including the growing support for OSS/BSS processes and growing security concerns among telcos. Nevertheless, increasing concerns over the authenticity of users, and uncertain regulatory status and the lack of common standards can hinder the increase of the market.

Application providers segment is anticipated to grow at a better compound annual growth rate during the estimate period

The application providers segment is the fastest-growing segment in the blockchain in telecom market.The blockchain in telecom market has been categorized as, application providers, middleware providers, and infrastructure providers.

The application providers leverage the platforms and solutions specified by infrastructure providers and tools specified by middleware providers for the development of applications. Applications developed have different use cases and can run on endpoints, mobile devices, and other IoT devices.

OSS/BSS processes segment is forecasted to hold the biggest market share during the outlook period

The OSS/BSS processes segment consists of import set of functions required for the telecom industry.OSS applications are important for the telecom market as they aid in management and operations of telcos' network and customer services.

BSS benefits the telecom industry in 4 areas: product management, order management, revenue management, and customer management.The OSS/BSS processes running on the traditional networks are subject to data theft and clustered business operations.

Blockchain efficiently handles several challenges engaged in OSS/BSS processes.Concerns over number portability, billing and flexi eSIM provisioning, roaming, and fraud are efficiently handled by the blockchain network.

Apart from the OSS/BSS processes, connectivity provisioning is one such segment which will be increasing at the highest compound annual growth rate (CAGR) during the estimate period. 5G enablement, IoT connectivity, and M2M connectivity will drive the adoption of blockchain in the connectivity provisioning segment of blockchain in telecom market.

Asia-Pac is anticipated to record the highest rise rate during the outlook period

Asia-Pacific is forecasted to have the maximum growth rate during the estimate period, due to the growth in venture capital funding, rising number of startups, governments' growing focus on regulating the blockchain technology in the telecom market space.The top telecom service providers, financial hubs, and government organizations in China (CN), Australia (AU) and New Zealand (NZ), India (IN), and Singapore (SG), offer huge opportunities for the adoption of the blockchain solutions in the telecom market.

Meanwhile, North America (NA) is expected to hold the biggest industry size during the outlook period.

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the blockchain in telecom marketplace.

• By company category: Tier 1: 35.0 percent, Tier 2: 55.0 percent, and Tier 3: 10.0 percent

• By description: C-suite: 60.0 percent, D-level: 25.0 percent, and Others 15.0 percent

• By area: North America continent: 25.0 percent, Europe (EU): 35.0 percent, Asia-Pac: 25.0 percent, MEA: 10.0 percent and Latin America area: 5.0 percent

The blockchain in telecom market comprises main solution providers, including AWS, Guardtime,IBM (NYSE:IBM), Microsoft, SAP, Bitfury, Cegeka, Clear, Reply, ShoCard, Abra, Auxesis Group, Blockchain Foundry, BlockCypher, BLOCKO, Blockpoint, Blockstream, Chain, Filament, Huawei, Oracle Corporation (NYSE:ORCL), RecordsKeeper, SpinSys, Sofocle, and TBCASoft. The report includes exhaustive competitive study of these top actors in the blockchain in telecom market, with their company descriptions, latest developments, and key industries strategies.

Segment Research

The market study includes the blockchain in telecom market across segments.It aims at evaluating the market value and the increase potential of this market, across several segments, including provider, application, organization size, and area.

The market research also comprises a detailed competitive analysis of the top players in the sector, together with their company descriptions, main observations associated to product and business offerings, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector with data on the best approximations of the revenue data for the global blockchain in telecom market and the sub-segments.This industry report will facilitate partners distinguish the competitive landscape and obtain additional insights to better option their businesses and to plan suitable go-to-market approaches.

The market research also benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

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