Growing support and maintenance for Operational Support Systems/Business Support Systems Procedures in telecommunication companies.
The global Blockchain In Telecom market is expected to reach USD 1.60 billion by 2026, according to a new report by Reports and Data. The telecom service providers in their value chain entail giving the essential infrastructure for network connectivity grid for enabling voice, entertainment and information media, data transfer and further allied services. The data exchange amongst networks that require transferred data protection and security, data assessment, data integrity, and scam deterrence is predicted to fuel the progress of blockchain technology in global telecom sectors. Another factor that may act as a driver for this market is the widespread necessity for the support and maintenance provided by blockchain technology for Operational Support Systems/Business Support Systems Procedures in telecommunication companies.
Indeterminate regulatory norms across the world pertaining to use of blockchain technology in the telecom sector has been a matter of concern among the telecom operators and also a dearth of existence of any common standards to be followed by the service providers is making the users lose faith and hence may act as a restraint for this emerging market.
North America is the key revenue generating region for blockchain in the telecom market and is anticipated to grow at a CAGR 31.04% during the forecast period. According to a survey by the World Economic Forum, 10% of the world GDP would be stored on blockchain by the year 2027.
Key participants include IBM (US), AWS (US), Guardtime (Netherlands), SAP (Germany), Microsoft (US), Bitfury (UAE), Cegeka (Netherlands), Clear (Singapore), Reply (Italy), and Oracle (US).
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Solution and Service Type Outlook (Revenue, USD Million; 2018-2026)
Solution and Service Provider Outlook (Revenue, USD Million; 2018-2026)
Application Outlook (Revenue, USD Million; 2018-2026)
Size of Organization Outlook (Revenue, USD Million; 2018-2026)
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Regional Outlook (Revenue, USD Million; 2018-2026)
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