Global Blockchain in Telecom Market (2020-2025) by Provider, Application, Organization Size, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Global Blockchain in Telecom Market (2020-2025) by Provider, Application, Organization Size, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Introduction

The Global Blockchain in Telecom Market is estimated to be USD 54.6 Mn in 2020 and is expected to reach USD 975.6 Mn by 2025, growing at a CAGR of 78%.

Key factors such as the increasing support for OSS/BSS processes and rising security concerns among telecom companies have been driving the overall blockchain in telecom market growth. Several telecom operators are also adopting blockchain technology to reduce identity, fraud detection, and improve customer experience, thereby expanding the market for blockchain in the telecom industry.

Conversely, concerns related to users' authenticity, uncertain regulatory status, and the lack of common standards are likely to hinder the market growth. Many enterprises believe that enterprises with data confidentiality, integrity, and availability can be seriously affected if blockchain is used. Also, strict government regulations in adopting blockchain technology and lack of common standards are restraining market growth.

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

Segments Covered

By Provider, the Application Provider segment is estimated to hold the highest market share. The growth of this segment is attributed to the introduction of technologically advanced blockchain solutions in the telecom sector for various application areas, thereby fueling the overall market growth. Applications developed can run on endpoints, mobile devices, and other IoT devices.

By Application, the OSS/BSS processes segment is estimated to hold the highest market share. The OSS/BSS processes consist of an import set of functions required for the telecom sector that aid in the management and operations of telcos’ network and customer services. BSS serves the telecom sector in product management, order management, revenue management, and customer management. Hence, OSS/BSS processes are widely accepted among telecom operators.

By Organization Size, Large Enterprises holds the maximum market share. Large Enterprises don’t suffer from resource constraints. When compared with SMEs, large enterprises have the capability of reversing wastage of resources. By using blockchain technology, they can lower down the transaction costs and can easily compete in the market space.

By Geography, APAC is projected to lead the market. The factors attributed to the market's growth are the increase in venture capital funding, increasing number of startups, and rising governments’ focus on regulating blockchain technology in the telecom sector. North America is estimated to account for the next largest market share. It is the most advanced region in terms of technology adoption and innovative infrastructure. The wide presence of key industry players of blockchain technology solutions in this region is boosting the market growth.

The Global Blockchain in Telecom Market is segmented further based on Provider, Application, Organization Size, and Geography.

Company Profiles

Some of the companies covered in this report are IBM Corporation, Oracle Corporation, AWS, Huawei, SAP SE, Bitfury, Cegeka, Reply, Shocard, Blocko, Blockpoint, BlockCypher, Auxesis Group, SpinSys, Tbcasoft, etc.

IGR Competitive Quadrant

The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Blockchain in Telecom Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrant, Infogence’s proprietary competitive positioning tool.

Report Highlights:?

A complete analysis of the market including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market