Global Blockchain in Telecom Market – Analysis and Forecast (2021-2027)

Industry Insights by Provider (Middleware Provider, Application Provider, and Infrastructure Provider), by Application (Operation Support System/Business Support System (OSS/BSS) Process, Identity Management, Payments, Smart Contracts, Connectivity Provisioning, and Others), by Organization Size (Small and Medium-Sized Enterprises, and Large Enterprises)

Industry Overview

The Global Blockchain in Telecom Market is projected to reach USD 1,945.6 million by 2027, registering a CAGR of 82.9% during the forecast period. Increasing security concern among telecom companies, and increasing support for operation support system/business support system (OSS/BSS) processes, propelling the growth of the market.

Market Segmentation

Insight by Provider

On the basis of provider, the global blockchain in telecom market is categorized into middleware provider, application provider, and infrastructure provider, wherein application provider category is expected to witness the fastest growth during the forecast period. The growth of this segment is attributed towards increasing adoption of technologically advanced blockchain solutions in retail companies.

Insight by Application

Based on application, the blockchain in telecom market is segmented into operation support system/business support system (OSS/BSS) process, identity management, payments, smart contracts, connectivity provisioning, and others (roaming and digital asset management). Among all these segments, the connectivity provisioning category is expected to witness the fastest growth during the forecast period. It covers 5G enablement, IoT connectivity, and M2M connectivity. With the assistance of blockchain technology, administrators can provide device connection to multiple local hotspots and Wi-Fi based on permission.

Industry Dynamics

Trends

Extensive use of blockchain solutions in IoT space across the globe is the key trends observed in the blockchain in telecom market, globally.

Growth Drivers

Global blockchain in telecom market has been driven by several key factors, including increasing adoption of blockchain from telecom sector for fraud management, growing cases of fraudulent activities in the telecom sector, increasing need to provide protection against data tempering, and increasing support for operation support system/business support system (OSS/BSS) processes.

Restraints

Lack of awareness regarding the blockchain technique is hindering the growth of the blockchain in telecom market, globally.

Geography Insight

Geographically, North America has accounted for the largest share in blockchain in telecom market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the existence of a large number of players of blockchain technology in the region and also it is considered as the most advanced region in terms of advanced technology adoption The wide presence of major industry players of blockchain technology solutions in this region is the key driving factor for the growth of the market. Moreover, Asia-Pacific is expected to witness the fastest growth during the forecast period due to the rise in in venture capital funding, growing number of startups venturing into this market space, and governments focusing on regulating the blockchain technology.

Competitive Insight

Some of the key players operating in the global blockchain in telecom market are IBM Corporation, Amazon Web Services, Inc., Microsoft Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, Infosys Limited, Accenture plc, Intel Corporation, BigchainDB Gmbh, Ethereum Foundation, Earthport PLC, Factom, BTL Group Ltd., Humaniq, Tierion, BlockCypher Inc., AlphaPoint, and Bitfury Group Limited.

Forecast Parameters

- Identifying variables and establishing market impact.
- Establishing market trends regionally.
- Analyzing opportunities and market penetration rates by understanding product commercialization, regional expansion.
- Analyzing demand and supply trends and changes in industry dynamics to establish future growth.
- Analyzing sustainability strategies adhered by market participants in an attempt to determine future course of the market.
- Analyzing historical market trends and super-imposing them on the current and future variables to determine the year-on-year trend.
- Understanding adoption, production, export, import, and regulatory framework.

Data Validation

- Estimated and forecasted data was validated through industry experts.
- Apart from industry experts, data triangulation methods were used for validation.
- Bottom up and top down approach has been used for estimation and forecast of market data, whereas top down approach was used for validation.
- Demand, as well as supply-side surveys, were conducted in order to understand the industry dynamics and data validation.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry include CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end-user surveys comprising of consumers are also conducted to understand consumer behaviour.

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Provider
                1.2.2.    By Application
                1.2.3.    By Organization Size
                1.2.4.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Size Estimations and Forecast
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Market Definition

        3.1.    By Provider
                3.1.1.    Middleware Provider
                3.1.2.    Application Provider
                3.1.3.    Infrastructure Provider
        3.2.    By Application
                3.2.1.    Operation Support System/Business Support System (OSS/BSS) Process 
                3.2.2.    Identity Management 
                3.2.3.    Payments
                3.2.4.    Smart Contracts
                3.2.5.    Connectivity Provisioning
                3.2.6.    Others
        3.3.    By Organization Size
                3.3.1.    Large Enterprises
                3.3.2.    Small & Medium Enterprises

4.    Industry Overview

        4.1.    Industry Dynamics
                4.1.1.    Market Growth Drivers
                4.1.2.    Market Growth Restraints
                4.1.3.    Key Market Trends
                4.1.4.    Major Opportunities
        4.2.    Industry Ecosystem
                4.2.1.    Porter’s Five Forces Analysis
                4.2.2.    Recent Development Analysis
                4.2.3.    Value Chain Analysis
        4.3.    Competitive Insight
                4.3.1.    Competitive Position of Industry Players
                4.3.2.    Market Attractive Analysis
                4.3.3.    Market Share Analysis

5.    Global Market Estimate and Forecast

        5.1.    By Provider
        5.2.    By Application
        5.3.    By Organization Size
        5.4.    By Region

6.    North America Market Estimate and Forecast

        6.1.    By Provider
        6.2.    By Application
        6.3.    By Organization Size
        6.4.    By Country
                6.4.1.    U.S. Market Estimate and Forecast
                6.4.2.    Canada Market Estimate and Forecast
                6.4.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Provider
        7.2.    By Application
        7.3.    By Organization Size
        7.4.    By Country
                7.4.1.    Germany Market Estimate and Forecast
                7.4.2.    France Market Estimate and Forecast
                7.4.3.    U.K. Market Estimate and Forecast
                7.4.4.    Italy Market Estimate and Forecast
                7.4.5.    Spain Market Estimate and Forecast
                7.4.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Provider
        8.2.    By Application
        8.3.    By Organization Size
        8.4.    By Country 
                8.4.1.    China Market Estimate and Forecast
                8.4.2.    Japan Market Estimate and Forecast
                8.4.3.    India Market Estimate and Forecast
                8.4.4.    South Korea Market Estimate and Forecast
                8.4.5.    Australia Market Estimate and Forecast
                8.4.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Provider
        9.2.    By Application
        9.3.    By Organization Size
        9.4.    By Country
                9.4.1.    Brazil Market Estimate and Forecast
                9.4.2.    U.A.E. Market Estimate and Forecast
                9.4.3.    Saudi Arabia Market Estimate and Forecast
                9.4.4.    South Africa Market Estimate and Forecast
                9.4.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    IBM Corporation
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Ripple
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Amazon Web Services, Inc.
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Microsoft Corporation
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Abra
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Chain Inc.
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    BigchainDB Gmbh
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Ethereum Foundation
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Earthport PLC
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Factom
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments
        10.11.    BTL Group Ltd.
                10.11.1. Snapshot
                10.11.2. Overview
                10.11.3. Offerings
                10.11.4. Financial Insight
                10.11.5. Recent Developments
        10.12.    Humaniq
                10.12.1. Snapshot
                10.12.2. Overview
                10.12.3. Offerings
                10.12.4. Financial Insight
                10.12.5. Recent Developments
        10.13.    Tierion
                10.13.1. Snapshot
                10.13.2. Overview
                10.13.3. Offerings
                10.13.4. Financial Insight
                10.13.5. Recent Developments
        10.14.    BlockCypher Inc.
                10.14.1. Snapshot
                10.14.2. Overview
                10.14.3. Offerings
                10.14.4. Financial Insight
                10.14.5. Recent Developments
        10.15.    AlphaPoint
                10.15.1. Snapshot
                10.15.2. Overview
                10.15.3. Offerings
                10.15.4. Financial Insight
                10.15.5. Recent Developments
        10.16.    Bitfury Group Limited
                10.16.1. Snapshot
                10.16.2. Overview
                10.16.3. Offerings
                10.16.4. Financial Insight
                10.16.5. Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1  Sources
Table 2  Study Periods
Table 3  Data Reporting Unit
Table 4  Global Blockchain Market Size, by Provider, 2015 – 2020 (USD Million)
Table 5  Global Blockchain Market Size, by Provider, 2021 – 2027 (USD Million)
Table 6  Global Blockchain Market Size, by Application, 2015 – 2020 (USD Million)
Table 7  Global Blockchain Market Size, by Application, 2021 – 2027 (USD Million)
Table 8  Global Blockchain Market Size, by Organization Size, 2015 – 2020 (USD Million)
Table 9  Global Blockchain Market Size, by Organization Size, 2021 – 2027 (USD Million)
Table 10  Global Blockchain Market Size, by Region, 2015 – 2020 (USD Million)
Table 11  Global Blockchain Market Size, by Region, 2021 – 2027 (USD Million)
Table 12  North America Blockchain Market Size, by Provider, 2015 – 2020 (USD Million)
Table 13  North America Blockchain Market Size, by Provider, 2021 – 2027 (USD Million)
Table 14  North America Blockchain Market Size, by Application, 2015 – 2020 (USD Million)
Table 15  North America Blockchain Market Size, by Application, 2021 – 2027 (USD Million)
Table 16  North America Blockchain Market Size, by Organization Size, 2015 – 2020 (USD Million)
Table 17  North America Blockchain Market Size, by Organization Size, 2021 – 2027 (USD Million)
Table 18  North America Blockchain Market Size, by Country, 2015 – 2020 (USD Million)
Table 19  North America Blockchain Market Size, by Country, 2021 – 2027 (USD Million)
Table 20  Europe Blockchain Market Size, by Provider, 2015 – 2020 (USD Million)
Table 21  Europe Blockchain Market Size, by Provider, 2021 – 2027 (USD Million)
Table 22  Europe Blockchain Market Size, by Application, 2015 – 2020 (USD Million)
Table 23  Europe Blockchain Market Size, by Application, 2021 – 2027 (USD Million)
Table 24  Europe Blockchain Market Size, by Organization Size, 2015 – 2020 (USD Million)
Table 25  Europe Blockchain Market Size, by Organization Size, 2021 – 2027 (USD Million)
Table 26  Europe Blockchain Market Size, by Country, 2015 – 2020 (USD Million)
Table 27  Europe Blockchain Market Size, by Country, 2021 – 2027 (USD Million)
Table 28  Asia-Pacific Blockchain Market Size, by Provider, 2015 – 2020 (USD Million)
Table 29  Asia-Pacific Blockchain Market Size, by Provider, 2021 – 2027 (USD Million)
Table 30  Asia-Pacific Blockchain Market Size, by Application, 2015 – 2020 (USD Million)
Table 31  Asia-Pacific Blockchain Market Size, by Application, 2021 – 2027 (USD Million)
Table 32  Asia-Pacific Blockchain Market Size, by Organization Size, 2015 – 2020 (USD Million)
Table 33  Asia-Pacific Blockchain Market Size, by Organization Size, 2021 – 2027 (USD Million)
Table 34  Asia-Pacific Blockchain Market Size, by Country, 2015 – 2020 (USD Million)
Table 35  Asia-Pacific Blockchain Market Size, by Country, 2021 – 2027 (USD Million)
Table 36  RoW Blockchain Market Size, by Provider, 2015 – 2020 (USD Million)
Table 37  RoW Blockchain Market Size, by Provider, 2021 – 2027 (USD Million)
Table 38  RoW Blockchain Market Size, by Application, 2015 – 2020 (USD Million)
Table 39  RoW Blockchain Market Size, by Application, 2021 – 2027 (USD Million)
Table 40  RoW Blockchain Market Size, by Organization Size, 2015 – 2020 (USD Million)
Table 41  RoW Blockchain Market Size, by Organization Size, 2021 – 2027 (USD Million)
Table 42  RoW Blockchain Market Size, by Country, 2015 – 2020 (USD Million)
Table 43  RoW Blockchain Market Size, by Country, 2021 – 2027 (USD Million)
Table 44  Snapshot – IBM Corporation
Table 45  Snapshot – Ripple
Table 46  Snapshot – Amazon Web Services, Inc.
Table 47  Snapshot – Microsoft Corporation
Table 48  Snapshot – Abra
Table 49  Snapshot – Chain Inc.
Table 50  Snapshot – BigchainDB Gmbh
Table 51  Snapshot – Ethereum Foundation
Table 52  Snapshot – Earthport PLC
Table 53  Snapshot – Factom
Table 54  Snapshot – BTL Group Ltd.
Table 55  Snapshot – Humaniq
Table 56  Snapshot – Tierion
Table 57  Snapshot – BlockCypher Inc.
Table 58  Snapshot – AlphaPoint
Table 59  Snapshot – Bitfury Group Limited

List of Figures

Figure 1  Market Coverage
Figure 2  Research Phases
Figure 3  Secondary Providers for Different Parameters
Figure 4  Methodology
Figure 5  Data Mining & Exploration
Figure 6  Data Triangulation
Figure 7  Assumptions for Market Estimation and Forecast
Figure 8  Market Synopsis
Figure 9  Global Blockchain Market - Growth Drivers and Restraints
Figure 10  Competitive Benchmark
Figure 11  Global Blockchain Market Highlight
Figure 12  Global Blockchain Market Size, by Provider, 2015 – 2027 (USD Million)
Figure 13  Global Blockchain Market Size, by Application, 2015 – 2027 (USD Million)
Figure 14  Global Blockchain Market Size, by Organization Size, 2015 – 2027 (USD Million)
Figure 15  Global Blockchain Market Size, by Region, 2015 – 2027 (USD Million)
Figure 16  North America Blockchain Market Highlight
Figure 17  North America Blockchain Market Size, by Provider, 2015 – 2027 (USD Million)
Figure 18  North America Blockchain Market Size, by Application, 2015 – 2027 (USD Million)
Figure 19  North America Blockchain Market Size, by Organization Size, 2015 – 2027 (USD Million)
Figure 20  North America Blockchain Market Size, by Country, 2015 – 2027 (USD Million)
Figure 21  Europe Blockchain Market Highlight
Figure 22  Europe Blockchain Market Size, by Provider, 2015 – 2027 (USD Million)
Figure 23  Europe Blockchain Market Size, by Application, 2015 – 2027 (USD Million)
Figure 24  Europe Blockchain Market Size, by Organization Size, 2015 – 2027 (USD Million)
Figure 25  Europe Blockchain Market Size, by Country, 2015 – 2027 (USD Million)
Figure 26  Asia-Pacific Blockchain Market Highlight
Figure 27  Asia-Pacific Blockchain Market Size, by Provider, 2015 – 2027 (USD Million)
Figure 28  Asia-Pacific Blockchain Market Size, by Application, 2015 – 2027 (USD Million)
Figure 29  Asia-Pacific Blockchain Market Size, by Organization Size, 2015 – 2027 (USD Million)
Figure 30  Asia-Pacific Blockchain Market Size, by Country, 2015 – 2027 (USD Million)
Figure 31  RoW Blockchain Market Highlight
Figure 32  RoW Blockchain Market Size, by Provider, 2015 – 2027 (USD Million)
Figure 33  RoW Blockchain Market Size, by Application, 2015 – 2027 (USD Million)
Figure 34  RoW Blockchain Market Size, by Organization Size, 2015 – 2027 (USD Million)
Figure 35  RoW Blockchain Market Size, by Country, 2015 – 2027 (USD Million)