Blockchain in Telecom Market is Projected to Reach a Size of US$ 80 Billion by 2033

The global blockchain in telecom market is expected to surge ahead at an astonishing CAGR of 74.8% and reach a valuation of US$ 80 billion by the end of 2033, up from US$ 300 million in 2023.

Blockchain is a decentralized technological solution for recording, collecting, and storing a digital asset transaction history between two or more parties. It is linked via cryptography to provide a transaction time stamp. Organizations use it extensively to avoid thefts, build transparent networks, expedite administrative procedures, combat fraudulent activities, and retain unique device data.

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The readability score of the Blockchain in Telecom Market Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers. 

This Blockchain in Telecom market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Blockchain in Telecom along with key stakeholders as well as emerging players associated with the manufacturing of product.

Competitive landscape:

The blockchain in telecom industry is highly consolidated with only a few major players providing blockchain solutions across the telecommunications industry. The vendors are also receiving funding from investors, which will aid in the development of innovative blockchain services.

  • Tech Mahindra and telecom analytics solutions supplier Subex collaborated in November 2022 to roll out blockchain-centered solutions worldwide for telecommunication operators. By reducing overall compliance difficulties, these solutions would reduce fraud and increase operational efficiencies for communication service providers (CSPs).
  • Trai planned to introduce new blockchain technology to limit spam calls and texts in November 2022 in partnership with TSPs. The organization is developing several technologies, including blockchain technology, to identify spam calls and texts. In addition, the regulator is forming a joint committee of regulators (JCOR) comprised of Trai (the Telecom Regulatory Authority of India), MoCA (the Ministry of Consumer Affairs), SEBI (the Securities and Exchange Board of India), and RBI (the Reserve Bank of India).
  • Global Telecom, a pioneer in wireless technology designing at the intersection of network and hardware, introduced its MERCURY series of tri-connectivity modules in February 2022, the first custom-built modules designed to allow connectivity to cellular, private, and satellite networks as well as Bluetooth and Wi-Fi. The MERCURY series from Global Telecom is the first to offer connectivity to all three wireless networks, as well as Bluetooth and Wi-Fi. It features hostless, patented, driverless technology with an extra layer of blockchain security.
  • Bharti Airtel acquired Aqilliz, a Blockchain as a Service Company, through the Airtel Start-up Accelerator Program, subject to appropriate statutory approvals, in February 2022. Airtel intends to expand the use of Aqilliz's innovative blockchain technologies across its rapidly expanding digital entertainment, Adtech, and different digital marketplace products.

Key Segments of Blockchain in Telecom Industry Research:

  • By Provider :
    • Infrastructure Providers
    • Application Providers
    • Middleware Providers
  • By Application :
    • OSS/BSS Processes
    • Identity Management
    • Payments
    • Smart Contracts
    • Connectivity Provisioning
    • Other Applications
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

 

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Questionnaire answered in the Market outlook Report of Blockchain in Telecom include:

  • What is the key strategy deployed by large players to maximize Blockchain in Telecom Market growth?
  • What are the main challenges faced by players in the Blockchain in Telecom market Demand?
  • With the advent of technological advancement, how will the Blockchain in Telecom market landscape change over the forecast period?
  • What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Blockchain in Telecom market size?

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