Blockchain in Telecom Market
Blockchain in Telecom Market Study by Infrastructure Providers, Application Providers, and Middleware Providers for OSS/BSS Processes, Identity Management, Payments, and Others from 2023 to 2033
Analysis of Blockchain in Telecom Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
FREE CustomizationBlockchain in Telecom Market Outlook (2023 to 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 has been dubbed the 'technology that brings trust where there is none', and although the technology has made its way into other industries, it is only now gathering steam in the telecom industry.
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.
Blockchain is frequently utilized in telecommunications for identity management, connectivity provisioning, smart contracts, payment, and billing. It also contributes to rapid traceability and automation and increased operational effectiveness of the business process. Moreover, it keeps historical user records that cannot be tampered with and can be authenticated by other stakeholders.
The emergence of COVID-19 has underlined the importance of telecom infrastructure. The worldwide health crises have placed additional strains on telecom systems, implying that they may play a critical role in emergency events beyond mere connectivity.
Countries around the world are witnessing a significant interest in new fintech services as demand for online and virtual services grows. The pandemic also increased the requirement for greater data-driven services and digital infrastructure in the telecommunications industry. As a result, telecom firms are strongly focusing on network robustness and dependability, notably in 5G expenditures.
Blockchain and 5G are expected to change emerging technologies in the telecommunications sector. Blockchain guarantees peer trust and security in the same way 5G promises excellent speed and QoS (Quality of service). 5G is rapidly being developed around the world. It promises to provide high-speed internet, which will be necessary for a data-rich future.
Telecom enterprises, or communication service providers (CSPs), must ensure a range of access nodes and techniques to deliver ubiquitous connectivity across networks for billions of devices. Every telecom organization can conduct this centrally, which frequently results in delays and non-seamless provisioning.
A far more dependable and efficient option is to use a private blockchain that CSPs can access. The regulations and agreements among several CSPs can be defined in smart contracts and maintained on a private blockchain. Devices that seek to connect to the network have to broadcast their identity to the decentralized network.
Fact.MR, a market research and competitive intelligence provider, expects that such important factors will drive high global demand for blockchain in telecom over the next ten years.
| Report Attributes | Details |
|---|---|
| Blockchain in Telecom Market Size in 2023 | US$ 300 Million |
| Projected Market Value (2033) | US$ 80 Billion |
| Global Market Growth Rate (2023 to 2033) | 74.8% CAGR |
| North American Market Growth Rate (2023 to 2033) | 46% CAGR |
| Leading Application Segment | Smart Contracts |
| Key Companies Profiled | Auxesis Group; Abra; AWS; Blocko; Bitfury; Blockcypher; Blockchain Foundry; Blockstream; Blockpoint; Cegeka |
Why is Blockchain Technology Gaining Momentum in Telecom Industry?
“Increasing Emphasis on Identifying & Avoiding Telecom Fraud”
Blockchain is a top candidate for drastically cutting the expense of fraud, which will promote its acceptance in the telecommunications industry, considering that the industry is still attempting to establish a mechanism for preventing fraud efficiently and consistently. Scams continue to increase in the telecom sector, causing enormous damage year after year.
- According to the CFCA (Communications Fraud Control Association) survey, fraudulent schemes cost the telecom industry US$ 38 billion each year, making them one of the main factors responsible for revenue loss.
Moreover, roaming fraud and subscription identity fraud are among the most prevalent types of fraud in the telecom industry. Subscription identity theft occurs when a subscriber uses a fake identity or the identity of some other subscriber (the victim) to gain advantages. For example, scammers can obtain a SIM card in the name of the victim using stolen identification information.
Country-wise Insights
Why is the United States a Prominent Market for Blockchain in Telecom?
“Presence of Prominent Blockchain Technology Providers”
The North American market is projected to develop at a CAGR of 46% during the forecast period. Blockchain technology allows faster transaction processing and decentralized operations, alleviating several challenges that North American telecom operators are experiencing.
- The United States is the leading market in North America. The presence of large blockchain technology providers in the country is boosting market growth.
Moreover, several telecom companies, such as AT&T, are implementing blockchain technology to reduce roaming and identity fraud and enhance the customer experience.
Which European Countries are Increasingly Utilizing Blockchain Technology in Telecommunications?
“United Kingdom & Germany to Make Extensive Use of Blockchain Technology”
Blockchain is no longer considered merely a financial technology and a cryptocurrency instrument in the European market. Many telecommunication companies are making use of its capability to cut out the intermediary, saving money and reducing the chance of fraud and human mistakes.
- The EU General Data Protection Regulation substantially raised the fines for data protection law violations. Consequently, for the region's telecoms, the security of data housed on a blockchain platform is critical.
Furthermore, the United Kingdom and Germany are increasingly utilizing the technology as it enables concurrent record-keeping, automation, faster transaction times, digitization of business operations, supply chain management, and mobile money features. Many telecom businesses in these countries have teamed up with blockchain solution providers to reap the benefits of blockchain technology.
How are Start-ups Driving the Japanese & South Korean Markets?
“Start-ups Focusing on New Developments in Blockchain Technology”
Asia Pacific has enormous market potential, mainly due to the increasing significance of mobile payments in developing countries. Moreover, several start-ups in Japan and South Korea are focusing on new developments. Start-ups in Japan are creating blockchain systems that enable safe smartphone-based money transfers without the need for conventional banking documentation.
- For example, a Japanese start-up called Telcoin uses blockchain to help telecommunication companies perform money transfer services. Telcoin Wallet, constructed on the Ethereum blockchain, enables mobile users to make immediate global transfers regardless of local mobile service providers.
Category-wise Insights
Why are Smart Contracts Gaining Immense Popularity?
“Provide Superior Security and Lower Contracting Costs”
Smart contracts are computer protocols that are intended to digitally streamline, verify, or regulate the performance of a contract. Smart contracts are intended to lower contracting costs while providing greater security than standard contract law.
Smart contracts enable trusted transactions to be completed without the participation of third parties. By automating service-level agreements (SLAs), smart contracts can remove or drastically minimize the involvement of different intermediaries. This provides real-time visibility to all stakeholders and promptly makes any threshold breaches transparent to all parties involved.
- STC Bahrain launched its first Chainlink node in March 2022 to provide smart contracts with access to a safe source of real-world data and quick off-chain computations. STC Bahrain is the first major telco in the Middle East and North Africa (MENA) region to launch a Chainlink node, furthering the development of the smart contract ecosystem in the region and globally.
Furthermore, 5G technology is a notable example of how blockchain will alter the telecommunications business. For example, in 5G technology, smart contracts can employ a blockchain-based solution to expedite overall provisioning between the end user and the networks.
Blockchain can also improve identity management solutions. Customers currently undergo a time-consuming KYC (Know Your Customer) process that requires handing over or uploading sensitive information when registering for new accounts. This data is then held with a third party, putting it at risk of inefficient management, fraud, and even breaches or cyberattacks.
Incorporating blockchain into existing telecommunication networks can eliminate this risk since customer identities can be stored in a decentralized, unchangeable, tamper-proof ledger with no single point of failure.
Competitiave 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
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 7. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 8. Global Market - Pricing Analysis
- 9. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Provider
- 10.1. Infrastructure Providers
- 10.2. Application Providers
- 10.3. Middleware Providers
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 11.1. OSS/BSS Processes
- 11.2. Identity Management
- 11.3. Payments
- 11.4. Smart Contracts
- 11.5. Connectivity Provisioning
- 11.6. Other Applications
- 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia
- 12.6. Oceania
- 12.7. Middle East and Africa (MEA)
- 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 21. Market Structure Analysis
- 22. Competition Analysis
- 22.1. Auxesis Group
- 22.2. Abra
- 22.3. AWS
- 22.4. Blocko
- 22.5. Bitfury
- 22.6. Blockcypher
- 22.7. Blockchain Foundry
- 22.8. Blockstream
- 22.9. Blockpoint
- 22.10. Cegeka
- 23. Assumptions and Acronyms Used
- 24. Research Methodology
List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Provider
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Provider
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Provider
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Provider
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Provider
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Provider
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Provider
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Provider
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Provider
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Provider, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Provider, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Provider, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Provider, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Provider, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Provider, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Provider, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Provider, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Provider, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Provider, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Provider, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Provider, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Provider, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Provider, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Provider, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Provider, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Provider, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Provider, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Provider, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Provider, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Provider, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Provider, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Provider, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Provider, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Provider, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Provider, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Provider, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Provider, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Provider, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Provider, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Provider, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Provider, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Provider, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Provider, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Provider, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Provider, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Provider, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Provider, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Provider, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
- FAQs -
How much is the blockchain in telecom market currently worth?
The global blockchain in telecom market is valued at US$ 300 million in 2023.
What is the expected growth for the blockchain in telecom market?
The worldwide market for blockchain in telecom is estimated to boom at a CAGR of 74.8% from 2023 to 2033.
What is the forecast outlook for blockchain in telecom?
The blockchain in telecom market is projected to reach a size of US$ 80 billion by 2033.
What is the predicted CAGR for the market in North America?
The North American market is forecasted to expand at a CAGR of 46% during the forecast period.
Who are the main players in the global blockchain in telecom market?
Auxesis Group, Abra, AWS, Blocko, Bitfury, Blockcypher, Blockchain Foundry, Blockstream, Blockpoint, and Cegeka are leading players in the global market.
Blockchain in Telecom Market