Some of the key applications for the products and solutions provided by the participants in the global blockchain in telecom market include OSS or BSS processes, payments, connectivity provisioning, roaming and digital asset management, identity management, and smart contracts, among others. These solutions in the global blockchain in telecom market are used by both large as well as small and medium sized enterprises. The increasing utilization of M2M connectivity, IoT connectivity, and 5G enablement is driving the growth within the connectivity provisioning application segment in the global blockchain in telecom market. Furthermore, rising implementation of blockchain technologies to enable 3GPP as well as non-3GPP technologies is also motivating the sales in global blockchain in telecom market.
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The research analysts have collected exhaustive amount of research data through various sources such as newspapers, official websites, industry leaders, relevant CXOs, magazines, research papers, scientific journals, among others. They have provided readers with estimations and projections regarding the future performance of the global blockchain in telecom market in 2021 to 2031 i.e. the forecast period. The research report methodically explains the present scenario of the global blockchain in telecom market by providing market definition, scope, and a list of potential drivers as well as restraints. It throws light on crucial industry components that can stimulate high growth in the global blockchain in telecom market over the forecast period. It also provides detailed account regarding the core demand dynamics and relevant consumer attitudes and behavior patterns in the global blockchain in telecom market.
Global Blockchain in Telecom Market: Major Trends and Drivers
The rising support for operation support system or OSS as well as business support system or BSS processes as well as the increasing concerns pertaining to security among companies working in telecommunications sector are two of the most significant drivers for the development of the global blockchain in telecom market. However, the rising concerns regarding the uncertain regulatory standards as well as related to user authentication may hinder the growth trajectory of the global blockchain in telecom market in coming years. Lack of common standards in the industry is also one of the major barriers for the development of the global blockchain in telecom market in near future.
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Global Blockchain in Telecom Market: Key Players and Manufacturers
The major participants operational within the global blockchain in telecom market consist of payment gateway providers, blockchain technology providers, consulting firms, value added resellers or VARs, information technology agencies, telecom vendors, communication service providers or CSPs, independent software vendors, and system integrators, among others. Few of the major and leading providers and players operational within the global blockchain in telecom market include Guardtime, Microsoft Corporation, Bitfury, Clear, ShoCard, Auxesis Group, BlockCypher, Blockpoint, Chain, Huawei, Records Keeper, SpinSys, TBCA Soft, Amazon Web Service, Inc., IBM Corporation, SAP SE, Cegeka, Reply, Abra, Blockchain Foundry, Blocko, Blockstream, Filament, Oracle Corporation, and Sofocle, among others.
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Global Blockchain in Telecom Market: Regional Assessment
In recent past, the North America region held the leading share in the global blockchain in telecom market. This trend can be attributed to the advancements in IT and telecommunications infrastructure as well as blockchain technologies in the region. Furthermore, the strong presence of numerous major market players is also bolstering the dominant positioning of the North America region in the global blockchain in telecom market in coming years.
On the other hand, another region anticipated to record substantial growth in the global blockchain in telecom market in terms of growth rate is Asia Pacific. Some of the most essential drivers for the expansion of the global blockchain in telecom market in Asia Pacific in near future include rise in the venture capital funding, substantial rise in the number of start-up operations initiated in this industry, and rising government focus on regularization of blockchain technologies.
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