Global Blockchain in Telecommunication and Post Services Market, By Service Providers (Application and Solution Provider, Middleware Provider, Infrastructure and Protocols Provider), By Organization Size (Large Enterprise, Small and Medium Enterprise), By Applications (Payment & Transaction, Smart Contracts, Network Management, Reporting and Analytics, Billing/OSS and Others), By Digital Services (Digital Asset Transaction, Voice/Data Services, Value Added Services Identity-as-a-Service, Content Services and Managed Services), By Pl...
ID: MRFR/ICT/4753-CR | July 2018 | Region: Global | 146 pages
Blockchain in Telecommunication and Post Services Market
Blockchain in Telecommunication and Post Services Market is projected to be worth USD 5.18 billion by 2030, registering a CAGR of 42.83% during the forecast period (2020 - 2030).
$5.18 Billion
Market Size
42.83%
CAGR
North America
Dominating Region
2020-2030
Forecast Period
Segmentation
Key Players
- IBM Corporation
- Microsoft Corporation
- Juniper Networks Inc
- Coinbase
- SAP SE
- Atos SE
- Blockchain Tech Ltd
- Earthport Plc
- Bitfury Group
- Accenture Plc.
Drivers
- Features of immutability
- Secure platform for monetary transactions
- Increased automation with data integrity and security
Market Overview
COVID-19 Analysis
The COVID-19 pandemic has pushed the need for blockchain technology that can be used in connecting users on a digital platform. Its critical use in ensuring safe transactions digitally is seen as a positive indicator of the technology. Features of immutability, decentralization, and transparency can drive its integration into government systems for containing the spread of the virus and reopening its borders. For instance, the U.S. Customs and Border Protection can use blockchain for protecting intellectual property rights of American importers from data theft. On the other hand, the high influx of mail-in voting during the U.S. elections has also induced the need for a blockchain supported platform. The patent filed by the USPS has developed a case use for fraud-proof conduction of elections.
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
- Cumulative Growth Analysis
Segment Analysis
By Service Providers
By Application
By Organization Size
By Digital Services
By Platform
Regional Analysis
Competitive Landscape
Global Blockchain in Telecommunication and Post Services Market is highly concentrated with various players offering unique solutions based on the prominent technology. Opportunities in identity management, supply chains, and border shipping can drive the demand for the technology during the forecast period.
Key Companies Covered in the Report
- Atos SE (France)
- Accenture Plc (U.S.)
- Juniper Networks Inc (U.S.)
- Earthport Plc (U.K.)
- Microsoft Corporation (U.S.)
- IBM Corporation (U.S.)
- Bitfury Group (The Netherlands)
- SAP SE (U.S.)
- Blockchain Tech Ltd (U.S.)
- Coinbase (U.S.)
Recent Developments
Report Scope
It is segmented in the following manner:
By Service Providers
- Infrastructure and Protocol Provider
- Application and Solution Provider
- Middleware Provider
By Application
- Smart Contracts
- Payment & Transaction
- Billing/OSS
- Reporting and Analytics
- Network Management
- Others
By Organization Size
- Small and Medium Enterprises
- Large Enterprises
By Digital Service
- Content Services
- Managed Services
- Value Added Services
- Identity-as-a-Service
- Voice/Data Services
- Digital Asset Transaction
By Platform
- IBM Blockchain
- Open Chain
- HydraChain
- Hyperledger
- Ethereum
- IOTA
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 5.18 Billion (2030) |
| CAGR | 42.83% |
| Base Year | 2019 |
| Forecast Period | 2020-2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Service Providers, By Organization Size |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | IBM Corporation, Microsoft Corporation, Juniper Networks Inc, Coinbase, SAP SE, Atos SE, Blockchain Tech Ltd, Earthport Plc, Bitfury Group, Accenture, Plc. |
| Key Market Opportunities | Opportunities in identity management, supply chains, and border shipping can drive the demand for the technology during the forecast period. |
| Key Market Drivers | Features of immutability, decentralization, and transparency can drive its integration into government systems for containing the spread of the virus and reopening its borders |
Frequently Asked Questions (FAQ) :
The market is likely to reach a valuation of USD 5.18 Billion by 2020-2030
2020 to 2030 is the growth period for the expansion of the market.
The leaning toward digital payment modes and amplified demand for digital services are boosting the adoption of blockchain in the telecommunication sector.
North America is going to be the fastest growing region in the matter of market shares
IBM Corporation, Microsoft Corporation, Juniper Networks Inc, are the key players involved in the growth of the market.
A few players dominate the public cloud market. Of all, Amazon Inc. is one of the leaders in providing public cloud services. Amazon Inc. is one of the prominent players in the public cloud market and holds 21% share. Recently, Amazon Web Services, Inc. (AWS), a subsidiary of Amazon.com Company, announced that Verizon Communications had selected AWS as a prominent public cloud provider. Amazon.Com, Inc. focuses on leveraging their technical expertise to offer valuable services to their customers. It emphasizes on becoming the lowest cost customer-centric online marketplace. It has set a number of strategic priorities that would drive growth and improve revenue.
Google Inc. is a leading manufacturer of mixed-signal semiconductors and holds 13% share. Recently, Zenoss Inc., a leader in software-defined IT operations, joined hands with Google Cloud to expand Zenoss capabilities from IT operations management (ITOM) to enterprise hybrid cloud that uses the Google Cloud Platform (GCP). Google Inc. focuses on product innovation and technology to decrease the response time to the customers, provide better service, gain a competitive advantage and ensure better growth of their businesses while reducing the cost of operations.
IBM Corporation deals in the discipline of information technology, innovation, and research that manufactures computer hardware, software, and middleware and also provides IT consulting services and holds 10% share. The company focuses on the strategic forces behind the digital revolution including data, cloud, and engagement, driven by mobile and social, and underpinned by security.
Microsoft Corporation provides opportunities for digital transformation, managed services, intellectual property, cloud solution providers, and others and holds 8% of the total market share. The company’s strategic approach is to innovate product development which applies to their entire value chain. It also focuses on maintaining the quality of products and believes in strategic partnerships. It is also focused on business planning, reinventing productivity & business processes, the intelligent cloud platform, creating more personal computing application development processes, infrastructure services, and others
Oracle Corporation specializes in developing and marketing database software and technology, cloud engineered systems, and enterprise software products. It holds a 2% market share. The company focuses on the expansion of their products and services that they are offering via cloud and on-premise.
