Blockchain in Telecommunication and Post Services Market Research Report – Forecast to 2027

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  Platform  (Ethereum, IOTA, Hyperledger, HydraChain,  Open  Chain  and  IBM  Blockchain) –  Forecast  to  2027

ID: MRFR/ICT/4753-CR | July 2018 | Region: Global | 146 pages

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   2027: Significant Value
  CAGR   Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  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


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Frequently Asked Questions (FAQ) :


The market is likely to reach a valuation of USD 641 Mn by 2023-end.

2017 to 2023 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.

The global blockchain in telecommunication and post services is projected to grow exponentially over the forecast period. The novel use of blockchain, which is in its nascent stage and the innovative applications being developed for the technology are expected to propel market growth during the forecast period. In 2017, the market was valued at USD 39.2 million. Comparatively, the global blockchain in telecommunication and post services is projected to reach an estimated USD 641.8 million by the end of 2023 and achieve an astoundingly positive CAGR of 59.3% during the forecast period of 2017 to 2023.


Blockchain technology offers various advantages such as the reduction of operational costs, secure tracking of customer data and enhanced proficiency of new products. The security offered by the use of blockchain technology also offers a lowered rate of fraud and forgery. Telecom giants have been investing in blockchain related projects in an effort to offer various value-added services and increase their customer base. Investments in startups, prototype, and experimental frameworks are expected to perpetuate market growth during the review period. Another factor encouraging the growth of the global market is the security that the technology offers. The advancement of blockchain technology has led to the development of a secure digital platform for payments and other transactions. The ongoing development of transactional processing and the potential the market carries has attracted several new entrants who have set up start-ups dedicated to improving several aspects of blockchain technology for use in telecommunication and post services.


Since the market is underdeveloped, presently, there are concerns regarding the integration of blockchain solutions with existing applications. The high initial cost associated with such integration poses a challenge to market growth. Moreover, the use of blockchain solutions consumes significant amounts of energy during the computation process which is a concern as the global trend is to move toward sustainable and environmentally friendly methods. However, the emergence of blockchain technology for communication-based capabilities such as internet connectivity and phone calls is expected to lead to new avenues of opportunity and development is being made to provide data-integrity management, back-office systems, and efficient billing. Although these aspects are still under development, they offer many opportunities in the coming years     


The global blockchain in telecommunication and post services market is segmented on the basis of service providers, organization size, platform, application, digital services, and region. By service providers, the market is segmented into application and solution provider, middleware provider, infrastructure and protocols providers. The application and solution provider segment is expected to achieve the highest CAGR of 60.6% during the forecast period, and maintain its leading position due to the development in protocols and infrastructure combined with the efficiency and security in transactional processes.


By organization size, the market is segmented into large enterprise and SME. Large enterprises possess the largest segment of the market due to their ability to make considerable investments. However, SMEs are expected to show the highest growth as more startups enter the market and make advancements in blockchain technology.


By application, the market is segmented into payment & transaction, smart contracts, network management, reporting and analytics, billing/OSS, and others. The payment and transaction segment presently accounts for the most significant segment and is expected to maintain its lead while growing at the highest CAGR during the forecast period. The strong need for highly secure, fraud-proof payment systems is expected to propel the segment's growth.


By digital service, the market is segmented into digital asset transaction, voice/data services, value-added services, identity-as-a-service, content services, and managed services. The digital asset transaction segment, which is expected to grow at the highest CAGR of 60.4% during the forecast period, presently accounts for the largest segment of the total market. With the advent of various advanced technology such as the Internet of Things, Big Data, and Artificial Intelligence, blockchain technology is growing highly popular and is expected to impact various industry verticals greatly. Authentication and data integrity is expected to grow in importance in the coming years thus leading growth for the segment.


By platform, the market is segmented into Ethereum, IOTA, Hyperledger, HydraChain, Openchain, and IBM Blockchain. Ethereum is the largest and fastest growing market segment due to the popularity of the platform.      


Regional Analysis


Led by the U.S, North America accounts for the largest region in the global market. The region is technologically advanced and has the well-developed infrastructure. The region also has a concentration of leading market players and startups which is expected to compel market growth over the course of the forecast period. U.S accounted for the largest sub-segment of the North American market and is expected to achieve a CAGR of 58.9% during the assessment period.


Europe accounts for the second largest market and closely follows North America with regards to consumption and growth patterns. Germany is one of Europe's significant countries in the blockchain for telecommunication & post services market and is projected to grow at a CAGR of 61.5% during the forecast period.


Competitive Tracking


In the course of market study, several prominent players were identified for their role and implemented strategies in the competitive landscape of the global blockchain in telecommunication and post services market. Players analyzed in the report include Microsoft Corporation, IBM Corporation, Juniper Networks, Atos SE, Coinbase, SAP SE, Bitfury Group, Accenture Plc., Blockchain Tech Ltd., and Earthport.

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.