Global Blockchain in Telecom Market: Overview
The global market for Blockchain in telecom or telecommunications is
expected to see promising growth in the future years owing to the rise in
support for business support system (BSS) or operation support system
(OSS).Blockchains are shared records that replicates through stakeholders in
the network. Blockchains also help maintain complete history of all
transactions that have taken place between two or more groups or parties. In
simple terms Blockchain is a history that can be verified by other stakeholder
but cannot be tampered with. The transaction records of Blockchains are
indelible and any other public or private network can be restricted as per the
policies of the user company.
Major players of this market are:
Global Payments Steering Group (HPSG), Spinsys, Auxesis
Group, Blockcypher, and Oracle.
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There are different variations to the global Blockchain in
telecommunication market on the basis of organization size, application, and
provider. Based on segmentation by organization size, the market is classified
into small, medium and large enterprises. On the basis of provider, the blockchain
in telecom market is further categorized into infrastructure providers,
middleware providers, and application providers. Based on application, the
market could be divided into connectivity provisioning, smart contracts,
payments, identity management, and OSS/BSS processes.
The report presented above is a complete evaluation of the
global blockchain in telecom market with major focus on market dynamics. It
also includes market drivers, restraints, and trends and opportunities. The
above presented report also offers geographical and other segmentation of the
market.
Global Blockchain in Telecom Market: Trends and
Opportunities
The global blockchain in telecom market is driven by a
couple of factors. One of them being the rise in security concerns among all
the telecommunication companies worldwide. Adding to that is the increasing
support for processes namely BSS and OSS that is further propelling the market
in the recent years.
However, the rise in concerns regarding user authenticity
may hamper the growth of the market and user authenticity is an important part
and parcel of the telecommunications department. Apart from that the lack of
common standards and uncertainty in regulation status in the telecommunications
department may also hamper the overall growth of the market in the long run.
Nevertheless, the fact that blockchain technology is very
useful and helps to manage fraud cases in the telecom sector may offer
lucrative opportunities of growth in the years to come. Apart from the telecom
sector, blockchain solutions are also being adopted extensively in the Internet
of Things Space and this may further fuel market growth during the forecast
period. Another important factor propelling the market for blockchain solutions
is the rising use of this technology for the implementation of 5G. This is
assumed to bring in more growth opportunities in the blockchain in telecom
market in the future years.
The report offers a comprehensive evaluation of the market.
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segments and sub-segments
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trends and dynamics
- Supply
and demand
- Market
size
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trends/opportunities/challenges
- Competitive
landscape
- Technological
breakthroughs
- Value
chain and stakeholder analysis
The regional analysis covers:
- North
America (U.S. and Canada)
- Latin
America (Mexico, Brazil, Peru, Chile, and others)
- Western
Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium,
Netherlands, and Luxembourg)
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Europe (Poland and Russia)
- Asia
Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle
East and Africa (GCC, Southern Africa, and North Africa)
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and evaluation of recent industry developments
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shares and strategies of key players
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The following
regional segments are covered comprehensively:
- North
America
- Asia
Pacific
- Europe
- Latin
America
- The
Middle East and Africa
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