Blockchain In Telecom Market Size
Blockchain in Telecom Market estimated to grow from USD 92.7 Million in 2019 to reach USD 12,569.2 Million by 2027, at a CAGR of 84.7% during 2020-2027.
Fraud detection and prevention increasing adoption of 5G secure and error free IoT connectivity are some of the factors acting as a catalyst for implementing blockchain in telecom. Also, increasing numbers of blockchain consortia, such as the Carrier Blockchain Study Group (CBSG) and Hyperledger, are expected to further fuel market development.
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Market Overview
Blockchain in Telecom Companies
The top 25 Key companies in Blockchain in Telecom Market Analysis
• IBM (US)
• Bitfury (US)
• Microsoft (US)
• Filament (US)
• AWS (US)
• Blockpoint (US)
• SpinSys (US)
• Abra (US)
• ShoCard (US)
• Huawei (China)
• Chain (US)
• Blockstream (US)
• Oracle (US)
• BlockCypher (US)
• TBCASoft (US)
• SAP (Germany)
• RecordsKeeper (Spain)
• Cegeka (Netherlands)
• Reply (Italy)
• Guardtime (Estonia)
• Sofocle (India)
• Auxesis Group (India)
• Blockchain Foundry (Singapore)
• Clear (Singapore)
• Blocko (South Korea)
Segmentation Analysis
The report describes in detail market segmentation by dividing the market based on its Provider, Organization Size, Application and region and is analyzed from 2016 to 2027 by value and volume. All the segments are evaluated by taking into consideration the historic and future trends. All the segments with the dominating & fastest growing sub-segments and the factors responsible for the same are studied and are mentioned in the report.
Regional Analysis
North America held the maximum share of 46% in 2019 and Asia Pacific is expected to grow at the fastest CAGR of 85.1%during the forecast period. Due to the growing focus of the government on regulating the blockchain technology in the telecom market, growing number of startups and rise in venture capital funding the are factors influencing the CAGR of the Asia Pacific region. Some of the key financial hubs, telecom service providers and the government organizations in developing countries like India, China, New Zealand, Singapore and Australia are providing huge opportunities for adopting the blockchain technology in the telecom sector.
Blockchain in Telecom Market Segmentation
• Latin America
• Europe
• Asia-Pacific
• Middle-East & Africa