The global blockchain in telecommunication and post services 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 telecommunication 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.
Blockchain technology offers various advantages such as the reduction of operational costs, secure tracking of customer data and enhanced proficiency of new products. The security offered by the use of blockchain technology also offers a lowered rate of fraud and forgery. Telecom giants have been investing in blockchain related projects in an effort to offer various value-added services and increase their customer base. Investments in startups, prototype, and experimental frameworks are expected to perpetuate market growth during the review period. Another factor encouraging the growth of the global market is the security that the technology offers. The advancement of blockchain technology has led to the development of a secure digital platform for payments and other transactions. The ongoing development of transactional processing and the potential the market carries has attracted several new entrants who have set up start-ups dedicated to improving several aspects of blockchain technology for use in telecommunication and post services.
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Major Key Players:
Juniper Networks Inc,
Blockchain Tech Ltd,
Bitfury Group, Accenture Plc.
Historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers supply chain and Porter’s five forces analysis of the market.
This MRFR market perspective delivers a comprehensive analysis of the blockchain in telecommunication and post services Market, highlighting historical growth, latest trends in the telecomunication sector and potential of blockchain in the telecommunication and post services. The observations that are made will allow investors to identify untapped growth pockets and make critical decisions on their next strategic investments. Key market drivers, opportunities and restraints are all also examined as a part of the research. Types of service providers covered in this research document include application and solution provider, middleware provider, infrastructure and protocols providers. The scope of study also covers organization size (large enterprises and SME) using blockchain. Market revenue assessment on the basis of application include payment & transaction, smart contracts, network management, reporting and analytics, billing/OSS. Types of digital services analysed include digital asset transaction, voice/data services, value added services, identity-as-a-service, content services, and managed services. Popular platforms that have been discussed are Ethereum, IOTA, Hyperledger, HydraChain, Openchain, and IBM Blockchain.
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.
- Market Denomination- USD Million
- Base Year- 2016
- Forecast Period- From 2017 to 2023
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global blockchain in telecommunication and post services Market
- By Service Providers
- By Application
- By Organization Size
- By Digital Services
- By Platform
- By Region
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- Blockchain service providers
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Middleware Providers
- Telecom Vendors
- Communication Service Providers
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