Blockchain in Telecom Market Analysis, Scope, and Growth by 2031
Blockchain in Telecom Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.20 billion |
| Market Size by 2031 | US$ 40.81 billion |
| Global CAGR (2024 - 2031) | 55.4% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Enterprise Size
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The "Blockchain in Telecom Market Analysis" was carried out based on enterprise size, application, and geography. Based on enterprise size, the market is segmented into large enterprises and SMEs. Based on application, the market is segmented into identity management, payment and billing, smart contract, connectivity provisioning. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Blockchain in Telecom Market News and Recent Developments
Companies adopt inorganic and organic strategies such as mergers and acquisitions in the blockchain in telecom market. A few recent key market developments are listed below:
- In November 2022, the Telecom Regulatory Authority of India (TRAI) announced its collaboration with Telecom Service Providers (TSPs) to implement new blockchain technology aimed at combating spam calls and messages. Trai is actively developing and deploying various technologies that leverage blockchain to identify and block spam communications. In addition, Trai is taking proactive steps to establish a Joint Committee of Regulators (JCOR) comprising key regulatory bodies such as the Reserve Bank of India (RBI), the Securities & Exchanges Board of India (SEBI), and the Ministry of Consumer Affairs (MoCA). This collaborative effort seeks to enhance consumer protection and promote a secure and trustworthy communication environment.
[Source: TRAI, Company Website]
- In February 2022, Global Telecom, a leading wireless technology engineering company specializing in hardware and network solutions, announced the launch of its groundbreaking MERCURY series of tri-connectivity modules. These modules are the first of their kind, offering seamless connectivity to satellite, cellular, and private networks, as well as Wi-Fi and Bluetooth. Global Telecom's MERCURY series sets a new standard in wireless connectivity by providing access to all three major wireless networks, along with additional Wi-Fi and Bluetooth capabilities. These modules boast a 100% custom-designed architecture, incorporating patented, hostless, and driverless technology. Furthermore, they incorporate an advanced layer of blockchain security, ensuring enhanced data protection and integrity for users.
[Source: Global Telecom, Company Website]
Blockchain in Telecom
Market Report Coverage & Deliverables
The market report on “Blockchain in Telecom Market Size and Forecast (2021–2031)”, provides a detailed analysis of the market covering below areas-
- Market size & forecast at global, regional, and country- level for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities.
- Key future trends.
- Detailed PEST & SWOT analysis
- Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, key players, recent developments.
- Detailed company profiles.
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