Blockchain in Telecom Market Research Report, Size, Share, Trends and Forecast to 2022-2027 – EIN News
SHERIDAN, WYOMING, UNITED STATES, September 26, 2022 / EINPresswire. com / — The latest report published by IMARC Group, titled “Blockchain in Telecom Market: Industry Styles, Share, Dimension, Growth, Opportunity and Prediction 2022-2027, ” offers a comprehensive analysis of the industry, which comprises insights on the Blockchain in Phone system Market Share . The report also includes competitor and regional analysis, and contemporary advancements in the market.
Blockchain in Telecom Market Overview:
The global blockchain in telecom market reached a value of US$ 275 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 4, 969 Mil by 2027, exhibiting at a CAGR of 62. 46% during 2022-2027. A blockchain refers to a growing list of records, also called blocks, that are linked together utilizing cryptography. Every block comprises of a cryptographic hash from the previous block, a timestamp, and transaction data. Blockchain is the decentralized technological solution used for collecting, recording, plus maintaining the particular transaction history of digital assets between two or more parties. It is utilized by organizations in order to streamline administrative procedures, prevent thefts, store unique device data, create transparent networks, curb fraudulent activities, etc. Blockchain furthermore aids in enhancing the operational efficiency associated with the business processes and assists within tracking the historical information of the particular users, which can be verified simply by other stakeholders. Blockchain in telecom is used widely for smart contracts, identity management, connectivity provisioning, payment, billing, etc .
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The particular escalating data security concerns among phone system organizations are some of the key factors driving the particular blockchain within telecom market. Besides this, the incorporation of the Internet of Things (IoT) plus artificial intelligence (AI) with connected devices is further catalyzing the market growth. Moreover, the particular widespread adoption of blockchain technology in the telecom business to reduce identity and roaming frauds is acting as another growth-inducing factor. In line along with this, the increasing demand for wise contracts to manage all of the billing related to roaming to ensure significant cost savings is also stimulating the marketplace growth. Additionally, the integration of 5G technology plus the elevating utilization of blockchain-based mobile wallet payments are anticipated to fuel the blockchain in telecom market over the forecasted period.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the particular changes in the markets, as well as the industry behaviors from the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this particular pandemic.
Report Scope associated with Blockchain within Telecom Marketplace:
Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Provider, Organization Size, Application , Region
Blockchain Foundry Inc.
Deloitte Touche Tohmatsu Limited
Huawei Technologies Co. Ltd.
International Business Machines Corporation
Key Market Segmentation:
Breakup by Provider:
Breakup by Organization Dimension:
Small plus Medium-sized Enterprises
Separation by Application:
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
Marketplace Performance (2016-2021)
Market Outlook (2022-2027)
Market Drivers and Success Factors
Impact associated with COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive scenery
If you need specific information that is not currently within the scope of the particular report, we will provide it to you as a part of the customization.
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