Market Overview
From the recent research reports, the Blockchain in the Telecommunication and Post services market size is expected to grow in value from USD 1.63 billion in 2020 to USD 5.18 billion by 2030 with an attractive compound annual growth rate (CAGR) of 42.83%. Blockchain is a technological thing used to connect users on a digital platform. It is used to ensure safe transactions take place digitally. Other features of this technology, such as decentralization, transparency, and immutability, are driving its adoption to a greater extent.
The use of blockchain in the telecommunication and post services sector is expected to provide benefits such as increased security, faster processing times, and reduced costs for businesses. Additionally, blockchain technology can help improve supply chain management, which is particularly important in the post services industry.
Top Key Players
The prominent players of this market are Accenture Plc. (Ireland), Net scout (US), Nokia Corporation (Finland), Juniper Networks Inc. (US), Cisco Systems Inc. (US), HPE (US), Ericsson (Sweden), Huawei (China), SAS Institute Inc. (US), IBM Corporation (US), Sand Vine Corporation (Canada), Broadcom Limited (US), Inn wireless(South Korea), Actix (UK) and Microsoft Corporation (us), coin base (us), Atos SE (France), blockchain tech ltd. (Luxembourg), Earth port plc. (UK), and bit fury group (UK).
Access Complete Report of Blockchain in Telecommunication and Post Services Markets
Market Segmentation
Let's look at the latest research analysis of the Blockchain in the telecommunications and Post Services market. The industry can be ramified based on service providers, application, organization size, digital services, and platform. Among all the segments of this market, the application segment will experience considerable growth during the forecast period. The boundary of this market into various components is as follows:-
It has Infrastructure and Protocol Provider, Application and Solution Provider, and Middleware Provider based on service providers.
The application has Smart Contracts, Payment Transaction, Billing/OSS, Reporting and Analytics, Network Management, and Others.
Based on organization size, it has large-scale enterprises, small-scale enterprises, and medium-scale enterprises.
Based on the digital services, it has Content Services, Managed Services, Value Added Services, Identity-as-a-Service, Voice/Data Services, and Digital Asset Transaction.
Based on the platform, it has IBM Blockchain, Open Chain, Hydra Chain, Hyper ledger, Ethereum, and IOTA.
Regional Analysis
Looking at Blockchain in Telecommunication and Post Services market share and other details it becomes very clear that this the industry is notably working in four major regions of the world that is Asia Pacific region, North American region, European region, and the rest of the world (the Middle East and Africa). The North American region is anticipated to dominate this market during the forecast period due to a large number of technology innovators and prime players of this market being present in this region. Also, to reduce roaming and identity frauds, various telecommunication companies of this region are adopting blockchain technology which in turn will also, enhance customer experience.
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Industry News
In January 2021, a wisely named edge-to-edge global blockchain network was launched CPaaS provider Tanla Platforms partnered with Microsoft. The main operation of this blockchain was to send telecom operators encrypted messages directly from enterprises.
In February 2020, to build a blockchain-powered solution for automated roaming management, a collaboration with Spain’s Telefónica and Orange of France was announced by Deutsche Telekom and its United States-based mobile and wireless network operator T-Mobile US.
