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Blockchain In Telecommunication And Post Services Market To Be Hiked by Digital Services Demand | Industry Forecast by IBM, Juniper Networks, Atos SE, Microsoft, Blockchain Tech Ltd, Earthport Plc, SAP SE, Coinbase, Bitfury Group, Accenture

Market Research Future has recently revealed its forecast for the blockchain in telecommunication and post services market which shows that the market is projected to develop with a CAGR of 59.3% while grossing revenues worth USD 641.8 million by the conclusion of the forecast period. The increased focus of telecom giants is expected to reinforce the expansion of the market in the upcoming period.

Pune, India, April 09, 2019 (GLOBE NEWSWIRE) -- The blockchain is an emerging technology that is being adopted in various industries and applications owing to its secured transaction process. Telecommunication industry is one of them where blockchain technology has rooted its position with the advent of digitalization. The global blockchain telecommunication post services market has been assessed to be rapidly gaining valuation more than USD 641.8 million from USD 39.2 million since 2017 as per a report published by Market Research Future. The expected valuation score to rise by the end of 2023 along with achieving an astoundingly positive CAGR of 59.3%. This growth graph hence indicates immense opportunities to count on over the next couple of years.

The novel use of blockchain at its nascent stage and having innovative applications have significantly propelled the growth of the market since past years. Telecommunication industry titans have been investing in blockchain related projects to offer various value-added services to increase their customer base. As blockchain technology caters multiple advantages such as reduction of operational costs, security in tracking customer data and enhance in proficiency of new products, telecommunication industry has gained many profits with experimental frameworks by existing market players as well as the emerging ones. Such factors are eventually expected to perpetuate the market of blockchain telecommunication post services in the estimated time frame.

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Blockchain, as a groundbreaking technology in recent time, is observed to be efficient when it comes to managing telecommunication operation such as billing, identity management, roaming and payments and transactions. Recently, a significant inclination towards digital services such as digital payment modes is booming the adoption of blockchain in the telecommunication sector. Also, the emerging concept of crypto-currencies has paved ways for opportunities to enter the world of blockchain technology coupled with a highly secured platform for monetary transactions. These are some of the outstanding factors driving the global blockchain telecommunication post services market in positive aspects.

On the other way, the emergence of blockchain technology for communication-based aptitudes such as internet connectivity and phone calls are also expected to lead new avenues of opportunity and development to provide data-integrity management, back-office systems, smart contracts, roaming services, and identity as a service. The end-user applications in telecommunications have outstandingly adopted the blockchain technology, thus becoming lucrative for the telecommunication industries that provide blockchain telecommunication and post services equipment and components.

Numerous telecom operators have taken an active step to adopt the blockchain technology in telecommunication and post services as there have been a considerable rise demands due to digitalization. By this, customers tend to get attracted to such valuable services, which is in turn, is making the blockchain telecommunication and post services market to expand more in the future timeframe.

Market Segmentation

The segmentation of the Blockchain In Telecommunication and Post Services Market is conducted on the basis of organization size, service providers, digital services, platform, application, and region. On the basis of service providers, the blockchain in telecommunication and post services market is segmented into middleware provider, application and solution provider, infrastructure and protocols providers. Based on organization size, the blockchain in telecommunication and post services market is segmented into SME and large enterprise. Based on the applications, the blockchain in telecommunication and post services market is segmented into smart contracts, payment & transaction, reporting and analytics, network management, billing/OSS, and others. Based on the platform, the market segmentation comprises of IOTA, Ethereum, Hyperledger, Openchain, HydraChain, and IBM Blockchain. The segmentation of the market based on digital service, comprises of voice/data services, digital asset transaction, value-added services, content services, identity-as-a-service, and managed services. The regions covered in the blockchain in telecommunication and post services market are Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Blockchain For Telecommunication & Post Services Market To Profit From Accelerated Integration Rates Globally

The regional evaluation of the progress of the individual regions in the blockchain in telecommunication and post services market consists of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. The North American region is credited for the prime region in the global market led by the U.S. The region has consolidated its growth due to the technologically innovative and high-level infrastructure. The region also has a concentration of important market competitors and startups which are likely to induce the market growth over the period of the forecast. The U.S is responsible for the principal sub-segment of the North American region and is likely to attain a CAGR of 58.9% throughout the forecast period. The European region is responsible for the subsequent major market share and closely trails the North American region with regards to the growth and consumption patterns. Germany is one of the European region’s important countries in the blockchain for telecommunication & post services market and is anticipated to advance at a CAGR of 61.5% through the forecast period.

Key Players

The chief competitors in the blockchain for telecommunication & post services market globally are IBM Corporation, Juniper Networks Inc, Atos SE, Microsoft Corporation, Blockchain Tech Ltd, Earthport Plc, SAP SE, Coinbase, Bitfury Group, and Accenture Plc to name a few.

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Key Updates

Apr 2019 Du has presently created it's Blockchain-Platform-as-a-Service (BPaas) to present cloud-based private blockchain hosting well-matched with both Hyperledger Fabric and Ethereum. The blockchain platform also has received an official endorsement from the government as part of the country’s blockchain integration.

Dec 2018 Swiss Post and Swisscom will make use of its reliable reputation in Switzerland to make a blockchain platform for use on their own and others that will be created on the Hyperledger Fabric2. Swiss Post is publicly owned and the nation’s second major employer. It already employs blockchain technology to record temperature information while moving pharmaceuticals in the national postal network.

Related Reports

Blockchain Identity Management Market Research Report, Component (Software, Solution), Provider (Application, Middleware, Infrastructure), Organization Size (Large Enterprises, SMEs), Vertical (BFSI, Telecom & IT, Government) — Global Forecast till 2023.

Blockchain in Security Market Research Report, by Service Provider (Solution Provider, Middleware Provider, and Infrastructure and Protocols Provider), Vertical (BFSI, Government, Healthcare and Life Sciences, Energy and Utilities, IT & Telecom, Retail and E-Commerce, Others) — Global Forecast till 2023.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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