Blockchain in Telecom Market Global Industry Analysis, Advancements in Technology, Innovation, Applications, Drifts, Growth, Trends and Business Opportunities by 2024

Latest Report Available at Analytical Research Cognizance, ”Blockchain in Telecom Market” provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.

Manhattan, United states - April 19, 2019 /MarketersMedia/ —

Blockchain in Telecom Market :

Overview:
Blockchain, a decentralized solution originally developed for the cryptocurrency bitcoin, has evolved beyond its intended scope and offers several other opportunities in many sectors such as government BFSI, healthcare, education, IT & telecom, energy, and industrial. Blockchain can verify data in real time and thus helps in reducing fraud across various industries. Telecom operators are transforming themselves from legacy telecom service providers (TSP)s to service providers focusing on customer experience and core business segment.

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The telecom industry involves many vendors, network providers, distributors, partners, VAS providers & customers and has the most complex operations framework. This creates challenges including transparency and trust issues among others, especially with the involvement of multiple entities. The blockchain technology can be applied to a variety of telecom processes, which can simplify day-to-day operations, increase security, and reduce operating costs.

Market Analysis
According to Infoholic Research, the global blockchain in telecom market is expected to grow at a CAGR of 77.9% during the forecast period to reach revenue of $1.37 billion by 2024. For increasing the overall revenue, profitability, and addressing the rising customer needs, traditional telecom companies are focusing on adopting blockchain technology to unlock new opportunities. Rising security concerns, demand for fraud management, and 5G implementation are few of the factors driving the growth of the blockchain in telecom market.

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Market Segmentation Analysis
The report provides in-depth qualitative insights and validated market forecast or projections based on certain assumptions and historical data. The projections and trends featured in the report have been derived using proven research methodologies and assumptions based on the vendors portfolio, blogs, whitepapers, and vendor presentations. Thus, the research report represents every side of the market and is segmented based on regional markets, providers, applications, and organization size.

Competitive Analysis
The report covers and analyzes the blockchain in telecom market. Major vendors across different verticals are planning for high investments in this market, and as a result, the market is expected to grow at an impressive rate in the coming years. The key players are adopting various organic as well as inorganic growth strategies such as mergers & acquisitions, collaborations & partnerships, joint ventures, and few other strategies to be in the strong position in the market.
The report contains an in-depth analysis of the vendors profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views. The prominent vendors covered in the report include IBM, SAP, Microsoft, AWS, Huawei, BubbleTone, Clear, Guardtime, TBCASoft, and Filament among many others. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.

IBM, SAP, and Microsoft are the key players in the blockchain in telecom market. In 2018, Telefónica, a Spanish telecom company, partnered with IBM for using its blockchain technology for managing the international call traffic.

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Regional Analysis
North America held the largest market share in 2017 and is expected to dominate the blockchain in telecom market during the forecast period. The high presence of key players offering blockchain in telecom solutions such as IBM, AWS, and Microsoft is the main factor leading to the growth in the North America region. The increasing number of partnerships in this region is also among the factors driving the growth of the market. Recently in January 2019, Synchronoss Technologies, a US-based provider of cloud, messaging, digital, and IoT products, and TBCASoft, Inc., a US-based innovator of cross-carrier blockchain platform technology announced their partnership for redefining telecom operators with blockchain.

Benefits
The report provides an in-depth analysis of the blockchain in telecom market. Blockchain can enable the telecom operators in generating a new layer of confidence on the Internet, based on the data itself. Blockchain helps in building a network of peers, which consist of service providers, vendors, telecom operators, and other parties for increasing the trust among different partners within the ecosystem. Blockchain helps telecom companies in generating new revenue opportunities and streamlining internal processes. Blockchain provides strong encryption to record and store the data on the network in a more secure and verifiable way. It makes the information transparent and tamper-proof.

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Some major Points Of TOC:
Chapter One: Executive Summary
Chapter Two: Industry Outlook
Chapter Three: Market Snapshot
Chapter Four: Market Characteristics
Chapter Five: Blockchain in Telecom Market, By Providers
Chapter Six: Blockchain in Telecom Market, By Applications
Chapter Seven: Blockchain in Telecom Market, By Organization Size
Chapter Eight: Blockchain in Telecom Market, By Region
Chapter Nine: Competitive Landscape
Chapter Ten: Vendor Profiles
Chapter Eleven: Companies to Watch for
Chapter Twelve: Annexure

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