The "Global Blockchain in Telecom Market (2020-2025) by Provider, Application, Organization Size, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Blockchain in Telecom Market is estimated to be USD 54.6 Mn in 2020 and is expected to reach USD 975.6 Mn by 2025, growing at a CAGR of 78%.
Key factors such as the increasing support for OSS/BSS processes and rising security concerns among telecom companies have been driving the overall blockchain in telecom market growth. Several telecom operators are also adopting blockchain technology to reduce identity, fraud detection, and improve customer experience, thereby expanding the market for blockchain in the telecom industry.
Conversely, concerns related to users' authenticity, uncertain regulatory status, and the lack of common standards are likely to hinder the market growth. Many enterprises believe that enterprises with data confidentiality, integrity, and availability can be seriously affected if blockchain is used. Also, strict government regulations in adopting blockchain technology and lack of common standards are restraining market growth.
The Global Blockchain in Telecom Market is segmented further based on Provider, Application, Organization Size, and Geography.
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments and growth in market share.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Blockchain in Telecom Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size.
- The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
Report Highlights:
- A complete analysis of the market including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Market Dynamics
Drivers
- Increasing Support for OSS/BSS Processes
- Rising Security Concerns Among Telcos
Restraints
- Growing Concerns Related to the Authenticity of Users
- Uncertain Regulatory Status and the Lack of Common Standards
Opportunities
- Blockchain Technology Helps the Telecom Sector in Fraud Management
- Extensive Use of Blockchain Solutions in IoT Space
- Increasing Use of the Blockchain Technology for Implementing 5G Technology
Challenges
- Lack of Awareness of the Blockchain Technology
- Lack of Understanding About the Blockchain Concept, Skill Sets, and Technical Knowledge
Companies Mentioned
- Oracle Corporation
- Microsoft
- SAP SE
- IBM Corporation
- AWS
- Bitfury
- Cegeka
- Reply
- Shocard
- Auxesis Group
- Blockchain Foundry
- BlockCypher
- Blocko
- Blockpoint
- Blockstream
- Filament
- Huawei
- Recordskeeper
- Sofocle Technologies
- SpinSys
- Tbcasoft
- Abra
For more information about this report visit https://www.researchandmarkets.com/r/vum24g
View source version on businesswire.com: https://www.businesswire.com/news/home/20211109006261/en/
