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Blockchain in Telecom Market by Provider (Application Providers, Middleware Providers, and Infrastructure Providers), Applications (OSS/BSS Processes, Identity Management, Payments, Smart Contracts, Connectivity Provisioning and Others), and Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprises): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09354
Pages: NA
Dec 2020 | 144 Views
 
Author(s) : NA
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Blockchain in Telecom Market Insight

A blockchain is a public electronic ledge transferred to shareholders in a network that maintains a all complete transactions history among two or more parties. It helps telecom companies to streamline the procedure, mark them protected, apparent and proficient and find new revenue streams through digital packet worth propositions. The telecommunications value chain consists of delivering the essential network infrastructure and stronger connectivity for media, data, voice, and other related services. Blockchain technology allows telecom companies to call for data integrity, data security, fraud prevention, and data inspection. Therefore, increase in adoption of blockchain technology in telecom industry. 

Blockchain in Telecom Market Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($)

  Segments covered

  Provider, Applications, Organization Size, and Regions

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analysed in the market include Auxesis Group, Blockchain Foundry Inc., BlockCypher Inc., Huawei Technologies Co., Ltd, Microsoft Corporation, Oracle Corporation, RecordsKeeper, SAP SE, SpinSys, and TBCASoft Inc.

 

Impact of COVID-19 on Blockchain in Telecom Market

  • Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the blockchain in telecom market in 2020.
  • Though governments have imposed lockdowns to contain spread of the virus, people are bound to sit at home. Some applications have seen rise in the lockdown and corona virus pandemic such as digital transactions, entertainment, gaming, and learning communication apps. Increased use of such apps is expected to propel the market growth
  • Overall, the present scenario is expected to have a positive impact on blockchain in telecom the market growth 

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The main reason for the growth of blockchain in the telecom market is the growing security concerns among all the telecom companies in the world. The second factor is the growing support for BSS and OSS processes that encourage the growth of blockchain in the telecom market. However, the rise in concerns regarding user authenticity restricts the growth of the blockchain in telecom market. The increase in the integration of blockchain technology for the implementation of 5G is expected to provide lucrative opportunities to drive the market.

Smart Contract to Dominate the Market

Smart contracts allow computer code to execute automatically when certain conditions are met. The increase in adoption of smart contract in telecom industry, owing to provides opportunity for automation in their interior operations, includes supply chain management, billing, and roaming. In addition, it helps telecom company to manage all the billing related to roaming service and prevention against fraudulent traffic.  

Asia-pacific expected to lead the market

With mobile payments on the rise in countries like India and China, the sector is boasting huge potential for the market. In addition, larger number of telecoms have been adopting blockchain technology to handle the transactions through wallets more secure and cheaper. For instance, the major telecom companies in Asia-pacific like China Mobile, Jio, Airtel and China Telecom are adopting   blockchain technology to offer digital wallets to permit customer-to-customer payments.

Key segments covered:

Segments

Subsegments

  Provider

  • Application Providers
  • Middleware Providers
  • Infrastructure Providers

  Application

  • OSS/BSS Processes
  • Identity Management
  • Payments
  • Smart Contracts
  • Connectivity Provisioning
  • Others

  Organization Size

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

 

Key benefits of the report:

  • This study presents the analytical depiction of the global blockchain in telecom industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global blockchain in telecom market share.
  • The current market is quantitatively analyzed from 2021 to 2027 to highlight the global blockchain in telecom market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global blockchain in telecom market analysis based on competitive intensity and how the competition will take shape in coming years.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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