Market Synopsis:
Telecommunications and post services industries are highly complex, owing to the presence of fragmented users, providers, operators, etc. The transparency factor poses a challenge to the industry leaders. Thus, blockchain in telecommunication and post services is likely to gain traction over the next couple of years. In this assessment, the global blockchain in telecommunication and post services market has been studied in detail. It is revealed in this analysis that the market I expected to witness an upswing in terms of revenue generation. The global blockchain in telecommunication and post services market is projected to register a substantial CAGR across the forecast period.
Blockchain ensures data integrity and security while data is exchanged between networks. It is anticipated to drive the growth of the blockchain in telecommunication and post services market in the years to come. In addition, it ensures enhanced efficiency in services, which is likely to prompt the adoption of blockchain in telecommunication and post services in the foreseeable future. The technology is comparatively new and is expected to attract investments from the market players. The governments are also anticipated to extend support, thus, catalyzing the growth rate of the blockchain in telecommunication and post services market.
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The key manufacturers covered in this report:
IBM
Accenture
Microsoft
Coinbase
SAP SE
Juniper Networks
Earthport Plc
Atos SE
Bitfury Group
Blockchain Tech Ltd
Market Segmentation:
On the basis of application, the blockchain in telecommunication and post services market has been segmented into payments and transactions, smart contract, network management, reporting and analysis, and others.
On the basis of product type, the blockchain in telecommunication and post services market has been segmented into digital asset trading, voice/data service, value-added service identity as a service, and content services and hosting services.
Regional Analysis:
The global blockchain in telecommunication and post services market has been analyzed on a regional basis in this report. The segments identified are – Americas, APAC (Asia Pacific), Southeast Asia, Europe, the Middle East & Africa. These regional segments are further narrowed down for a country-level analysis. Americas is a huge market for blockchain in telecommunication and post services. It is a pioneer in the innovation and adoption of advanced technologies. The regional market is expected to witness huge revenue generation over the next couple of years. APAC is a fast-developing region. The growth of the telecommunications industry in the region is expected to lead the proliferation of the blockchain in telecommunication and post services in the foreseeable future. Europe, on the other side, is likely to expand at a stellar pace in the years to come owing to its technological developments.
Industry News:
In May 2019, Hong Kong-based QLC Chain started its operations to provide a secure environment for communication services using blockchain technology. It is claimed to be the first infrastructure-level public chain company embedded with telecom service capabilities.
In October 2019, Telefónica, Deutsche Telekom, and Vodafone have started the trial of blockchain for roaming payments.
In October 2019, South Korean blockchain identity consortium formed by LG, Samsung Electronics, SK Telecom, and others have formed a consortium for the launch of Korean blockchain identity platform this year.
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