Blockchain in Telecom Market To Reach USD 1.60 Billion By 2026
Market Summary Growing support and maintenance for Operational Support Systems/Business Support Systems Procedures in telecommunication companies. Market Size – USD 47.1 million in 2018, Market Growth - CAGR of 31%, Market Trends – Escalating necessity for data protection and security. The global Blockchain In Telecom market is expected to reach USD 1.60 billion by 2026, according to a new report by Reports and Data. The telecom service providers in their value chain entail giving the essential infrastructure for network connectivity grid for enabling voice, entertainment and information media, data transfer and further allied services. The data exchange amongst networks that require transferred data protection and security, data assessment, data integrity, and scam deterrence is predicted to fuel the progress of blockchain technology in global telecom sectors. Further key findings from the report suggest • The progression of application solutions and services provider segment is expected to be at the highest rate of CAGR 31.1% as the emergence of blockchain technology has seen the definite level of acceptance amongst worldwide telecommunication companies, thereby creating an increase in demand for blockchain • The segment of connectivity facilities is appraised to have higher progress rate of CAGR 31.01% as blockchain technology supports telecom vendors in facilitating connectivity undertakings like 5G network services facilitation, IoT devices connectivity, and M2M connectivity among others. www.reportsanddata.com
Key participants : IBM (US), AWS (US), Guardtime (Netherlands), SAP (Germany), Microsoft (US), Bitfury (UAE), Cegeka (Netherlands), Clear (Singapore), Reply (Italy), and Oracle (US). Segmentation: • Solution and Service Type Outlook (Revenue, USD Million; 2018-2026), Public Blockchain Solutions and Services, Private Blockchain Solutions and Services • Solution and Service Provider Outlook (Revenue, USD Million; 2018-2026), Infrastructure, Application, Middleware • Application Outlook (Revenue, USD Million; 2018-2026), Connectivity Facilities, OSS/BSS Procedures, Financial Transaction Management, Management of Identity, Smart Agreements, Others • Size of Organization Outlook (Revenue, USD Million; 2018-2026), Small & Medium-Sized Enterprises, Large Enterprises www.reportsanddata.com
Regional Outlook for Blockchain in Telecom Market analyzes the following geographies • North America (United States, Canada, and Mexico) • Europe (Germany, France, UK, Russia, and Italy) • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) • South America (Brazil, Argentina, Colombia, etc.) • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa
www.reportsanddata.com
The report emphasizes the following key questions: • Q.1. What are the most lucrative and promising growth prospects for the market? • Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4. Which factors are impacting the future of the market and what are the driving factors? • Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
www.reportsanddata.com
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com