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), By Region – Forecast to 2023
Blockchain is an emerging technology that maintains a decentralized database of historical records by the continuous formation of blocks in a chain. It is an open ledger that efficiently stores and manages transactions made between two entities. The blockchain technology is being adopted in various industries and applications owing to its secured transaction process. Blockchain in telecommunication and post services is used for applications such as billing, smart contracts, roaming services, and identity as a service. Major factors driving the blockchain in telecommunication and post services market is the increased use of blockchain in telecommunication and post services for designing crypto-currencies, and secure platform for monetary transactions.
The global blockchain in telecommunication and post services market is expected to grow at 59.3% CAGR during the forecast period, 2017–2023. In 2017, the market was led by North America with 36.1% share, followed by Europe and Asia-Pacific with shares of 31.3% and 19.4% respectively. There has been a significant growth in the adoption of digital payment and transaction services based on blockchain technology in China, Japan, Germany, and the US. Currently, Japan is the most advanced country in the adoption of blockchain technology in various end-user applications including telecom, education & research, and BFSI. Thus, the country has become lucrative for the firms that provide blockchain in telecommunication and post services equipment, and components.
The global blockchain in telecommunication and post services market has been segmented based on service providers, organization size, application, digital services, platform, and region. Of all the service providers, application and solution providers accounted for the largest market share of 44.3% in 2017, with a market value of USD 17.4 million, and is projected to grow at a CAGR of 60.6% during the forecast period. Based on organization size, large enterprises accounted for the largest market share of 64.1% in 2017, with a market value of USD 25.2 million, and is projected to grow at the highest CAGR of 58.1%.
The key players of blockchain in telecommunication and post services market include Microsoft Corporation (US), IBM Corporation (US), Juniper Networks Inc. (US), SAP SE (Germany), Accenture Plc (Ireland), Coinbase (US), Blockchain Tech Ltd (Canada), Earthport PLC(UK), BitFury Group Ltd (US), and Atos SE(France).
Global Blockchain in Telecommunication and Post Services Market Analysis & Forecast, from 2017 to 2023.