Worldwide Market For Blockchain In Telecom Is Estimated To Boom At A CAGR Of 74.8% By 2033

The worldwide blockchain in telecom market is anticipated to grow at an astounding CAGR of 74.8% and surpass US$ 300 million in market value by the end of 2033 on its way to US$ 80 billion.

During the projection period, the North American market is anticipated to grow at a CAGR of 46%. Blockchain technology helps North American telecom providers overcome a number of difficulties by enabling faster transaction processing and decentralised operations.

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Blockchain in Telecom Market
Blockchain in Telecom Market
Given that the telecommunications sector is still working to establish a mechanism for effectively and consistently preventing fraud, blockchain is a top option for dramatically reducing the cost of fraud, which will promote its acceptance in the sector. The telecom industry experiences an increase in scams every year, which has a significant negative impact.

Additionally, two of the most frequent fraud kinds in the telecom sector are identity theft and roaming fraud. When a subscriber uses a false identity or the identity of another subscriber (the victim) to their advantage, this is known as subscription identity theft. Scammers, for instance, can use stolen identity information to get a SIM card in the victim’s name.

Key Companies Profiled

Auxesis Group
Abra
AWS
Blocko
Bitfury
Blockcypher
Blockchain Foundry
Blockstream
Blockpoint
Cegeka

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Key Segments of Blockchain in Telecom Industry Research

By Provider :
Infrastructure Providers
Application Providers
Middleware Providers
By Application :
OSS/BSS Processes
Identity Management
Payments
Smart Contracts
Connectivity Provisioning
Other Applications
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
What Do You Get in a Fact.MR Study?

Factors affecting the overall development of the Blockchain in the Telecom Market
Factor that might restrain the growth of the global Blockchain in the Telecom market in the coming years of the forecast period
What is present competitive scenario of the global Blockchain in Telecom Market and its intricate details concerning potential business prospects of leading market players
Pricing strategies of several different market players in the global Market

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