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Oct 2, 2019 2:40 PM ET

Global Blockchain in Telecom Market is Expected to Reach USD 1,835.6 million by 2024, Registering a CAGR of 82.4% during 2019–2024: VynZ Research


iCrowd Newswire - Oct 2, 2019

The global blockchain in telecom market is expected to grow at a CAGR of 82.4% during the forecast period with its market size predicted to reach USD 1,835.6 million by 2024.

Industry Insights by Provider (Middleware Provider, Application Provider, and Infrastructure Provider), by Application (Compliance Management, Identity Management, Loyalty and Rewards Management, Payments, Smart Contracts, Supply Chain Management, and Others), by Organization Size (Small and Medium-Sized Enterprises, and Large Enterprises)

Global blockchain in telecom market has been driven by several key factors, including increasing adoption of blockchain from telecom sector, growing cases of fraudulent activities in the telecom sector, increasing need to provide protection against data tempering, and increasing support for operation support system/business support system (OSS/BSS) processes.

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Globally, blockchain in telecom industry players are leveraging market growth through the formulation of several policies and reforms by a government organization in various developed as well as developing economies along with entering into several partnership agreements.

Small and medium enterprises category is expected to witness faster growth during the forecast period in the Blockchain market

Based on organization size, the blockchain in telecom market is segmented into small and medium-sized enterprises, and large enterprises. Among the two categories, the small and medium enterprises category is expected to witness faster growth during the forecast period. The growth of this segment is attributed towards increasing utilization of these techniques that helps in eliminating wastage of resources and cost, thereby enhancing efficiency and effectiveness in their business operations.

Geography Insight

Geographically, North America has accounted for the largest share in blockchain in telecom market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the existence of a large number of players of blockchain technology in the region and also it is considered as the most advanced region in terms of advanced technology adoption The wide presence of major industry players of blockchain technology solutions in this region is the key driving factor for the growth of the market.

Competitive Insight

Some of the key players operating in the global blockchain in telecom market are IBM Corporation, Amazon Web Services, Inc., Microsoft Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, Infosys Limited, Accenture plc, Intel Corporation, BigchainDB Gmbh, Ethereum Foundation, Earthport PLC, Factom, BTL Group Ltd., Humaniq, Tierion, BlockCypher Inc., AlphaPoint, and Bitfury Group Limited.

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Primary Research

In the primary data collection process, there are several sources interviewed in order to obtain precise quantitative and qualitative information for this study. The primary sources those are included for the data collection of this study comprises of manufacturers, commercial growers, industry consultants and others key industry experts. There are several others sources that helped in gaining insightful information about this market are CEOs, marketing and sales directors, vice presidents, and key opinion leaders from various key companies operating in the global blockchain in telecom market. Primary research in this report has been conducted for estimating market size, market dynamics and strategies adopted by the key players in this market.

Secondary Research

Secondary sources referred for this research report includes association for blockchain in telecom, business filings such as financial statements, annual reports, investor presentations and trade associations. The secondary data has been used for estimating overall market size and growth of blockchain in telecom market that has been authenticated with the supporting facts gathered through primary data collection.

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Global Blockchain in Telecom Market Coverage

Provider Insight and Forecast 2014-2024

Application Insight and Forecast 2014-2024

Organization Size Insight and Forecast 2014-2024

Geographical Segmentation

Blockchain in Telecom Market by Region

North America

Europe

Asia-Pacific (APAC)

Rest of the World (RoW)

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About VynZ Research

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that includes comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries.

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Keywords:    Blockchain in Telecom Market, Blockchain in Telecom, Blockchain in Retail, Blockchain, Blockchain in Telecom Market Size

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