The worldwide blockchain in telecom market is anticipated to grow at an astounding CAGR of 74.8% and surpass US$ 300 million in market value by the end of 2033 on its way to US$ 80 billion.
During the projection period, the North American market is anticipated to grow at a CAGR of 46%. Blockchain technology helps North American telecom providers overcome a number of difficulties by enabling faster transaction processing and decentralised operations.
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Given that the telecommunications sector is still working to establish a mechanism for effectively and consistently preventing fraud, blockchain is a top option for dramatically reducing the cost of fraud, which will promote its acceptance in the sector. The telecom industry experiences an increase in scams every year, which has a significant negative impact.
Additionally, two of the most frequent fraud kinds in the telecom sector are identity theft and roaming fraud. When a subscriber uses a false identity or the identity of another subscriber (the victim) to their advantage, this is known as subscription identity theft. Scammers, for instance, can use stolen identity information to get a SIM card in the victim’s name.
Key Companies Profiled
- Auxesis Group
- Abra
- AWS
- Blocko
- Bitfury
- Blockcypher
- Blockchain Foundry
- Blockstream
- Blockpoint
- Cegeka
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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
What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the Blockchain in the Telecom Market
- Factor that might restrain the growth of the global Blockchain in the Telecom market in the coming years of the forecast period
- What is present competitive scenario of the global Blockchain in Telecom Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Market
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