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Blockchain in Telecom: Global Market to Exceed $990 Million by 2023 - Increasing Support for OSS/BSS Processes - ResearchAndMarkets.com

July 11, 2018

DUBLIN--(BUSINESS WIRE)--Jul 11, 2018--The “Blockchain in Telecom Market by Provider, Application, Organization Size and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The blockchain in telecom market size is expected to grow from USD 46.6 million in 2018 to USD 993.8 million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.4% during the forecast period.

The blockchain in telecom market is driven by various factors, such as the increasing support for OSS/BSS processes and rising security concerns among telcos. However, growing concerns over the authenticity of users, and uncertain regulatory status and the lack of common standards can hinder the growth of the market.

The application providers segment is the fastest growing segment in the blockchain in telecom market. The blockchain in telecom market has been categorized as, application providers, middleware providers, and infrastructure providers. The application providers leverage the platforms and solutions provided by infrastructure providers and tools provided by middleware providers for the development of applications. Applications developed have various use cases and can run on endpoints, mobile devices, and other IoT devices.

Market Dynamics

Drivers

Increasing Support for OSS/BSS Processes Rising Security Concerns Among Telcos

Restraints

Growing Concerns Related to the Authenticity of Users Uncertain Regulatory Status and the Lack of Common Standards

Opportunities

Blockchain Technology Helps the Telecom Sector in Fraud Management Extensive Use of Blockchain Solutions in IoT Space Increasing Use of the Blockchain Technology for Implementing 5G Technology

Challenges

Lack of Awareness of the Blockchain Technology Lack of Understanding About the Blockchain Concept, Skill Sets, and Technical Knowledge

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Blockchain in Telecom Market, By Provider

7 Market By Application

8 Blockchain in Telecom Market, By Organization Size

9 Blockchain in Telecom Market, By Region

10 Competitive Landscape

11 Company Profiles

Abra Auxesis Group AWS Bitfury Blockchain Foundry Blockcypher Blocko Blockpoint Blockstream Cegeka Chain Clear Filament Guardtime Huawei IBM Microsoft Oracle Recordskeeper Reply SAP Shocard Sofocle Spinsys Tbcasoft

For more information about this report visit https://www.researchandmarkets.com/research/383qcp/blockchain_in?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180711005519/en/

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Related Topics:Telecommunications and Networks,Bitcoin

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY NETWORKS TELECOMMUNICATIONS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/11/2018 10:14 AM/DISC: 07/11/2018 10:14 AM

http://www.businesswire.com/news/home/20180711005519/en

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