New York, USA, Nov. 14, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Blockchain in the market for telecommunications and postal servicesBy application service providers, digital services, organization size and region forecast to 2030, the global blockchain in telecommunications and postal services is predicted to strengthen considerably during the assessment period from 2020 to 2030 with a healthy growth rate of approximately 42.83% to be valued at around 5.18 billion dollars by the end of 2030.
Global Blockchain in Telecommunications and Postal Services Market Overview:
Blockchain is a hugely evolving technology that is used across various industries and applications for the secure transaction process. One industry sector where it has made room for itself is the telecommunications industry, primarily given to the introduction of digitalisation. Blockchain provides a number of benefits, such as better skills in new products, reduced operating costs and reliable customer data tracking. The security offered by using this technology also offers a low rate of fraud and counterfeiting. Telecom geniuses are funding blockchain-associated projects with an effort to offer various value-added services as well as improve their customer base.
The directory of prominent participants across the global blockchain in telecommunications and postal services includes players such as:
- Atos SE (France)
- IBM Corporation (USA)
- Accenture Plc (USA)
- Bitfury Group (Netherlands)
- Juniper Networks Inc (USA)
- SAP SE (USA)
- Earthport Plc (UK)
- Blockchain Tech Ltd (USA)
- Microsoft Corporation (USA)
- Coinbase (US)
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The global blockchain in telecommunications and postal services has recently shown tremendous expansion. The primary parameter boosting the growth of the market is the increasing utilization during the COVID-19 pandemic. Furthermore, the investments in experimental frameworks, start-ups and prototype security that the technology provides, the development in blockchain technology that causes the development of a secure digital platform for payments as well as other transactions, new players setting up startups, continued development of transaction processing dedicated to increasing various aspects of blockchain technology for use in postal services and telecommunications, and the emergence of blockchain technology for more communication-based skills such as internet connectivity and phone calls. On the other hand, the high initial price associated with such integration may limit the performance of the global blockchain in the telecommunications and postal services market.
Blockchain in the market for telecommunications and postal services USP covered
Market Restrictions
On the other hand, the high initial price associated with such integration can limit the market’s growth.
Report scope:
| Report calculations | Details |
| Market size by 2030 | USD 5.18 billion |
| CAGR during 2022-2030 | 42.83% |
| Foundation year | 2019 |
| Forecast | 2020–2030 |
| Report coverage | Revenue forecast, competitive landscape, growth factors and trends |
| Important market opportunities | Opportunities in identity management, supply chains and cross-border shipping may drive demand for the technology during the forecast period. |
| Important market drivers | Properties of immutability, decentralization, and transparency can drive integration into government systems to limit the spread of the virus and reopen borders. |
Browse an in-depth market research report (146 pages) on blockchain in the telecommunications and postal services market:
Market drivers
The global blockchain in telecommunications and postal services has recently shown tremendous expansion. The primary parameter boosting the growth of the market is the increasing utilization during the COVID-19 pandemic. Furthermore, the investments in experimental frameworks, start-ups and prototype security that the technology provides, the development in blockchain technology that causes the development of a secure digital platform for payments as well as other transactions, new players setting up startups, continued development of transaction processing dedicated to increasing various aspects of blockchain technology for use in postal services and telecommunications, and the emergence of blockchain technology for more communication-based skills such as internet connectivity and phone calls.
Blockchain in telecommunications and postal services market segment analysis
Among all the service providers, the application and solution provider segment is predicted to hold the top position across the global blockchain in the telecommunications and postal services market during the review period.
Among all the applications, the payment and transaction segment is expected to secure the top position across the global blockchain in the telecommunications and postal services market during the forecast era.
Among all organization sizes, the SME segment is predicted to secure the top position across the global market for blockchain in telecommunications and postal services over the coming years.
Among all the digital services, the digital asset transaction segment is expected to secure the top position across the global telecommunications and postal services blockchain market over the review period.
Among all the platforms, the Ethereum segment is predicted to hold the top position across the global telecommunications and postal services blockchain market during the review period.
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COVID-19 impact
The global blockchain in telecommunications and postal services has been through many unexpected changes during the pandemic, when it caused the implementation of partial or complete shutdown. On the other hand, with global activities returning to normal, the global market for blockchain in telecommunications and postal services is expected to show significant growth in the coming years.
Blockchain in regional analysis for telecommunications and postal services
The global blockchain in telecommunications and postal services is analyzed across five major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
According to the analysis reports of MRFR, the North American region is predicted to secure the top position across the global market for blockchain in telecommunications and postal services during the review period. The central aspect supporting the regional market’s growth is the increasing technological development. Furthermore, the presence of well-developed infrastructure is also predicted to influence the regional market’s growth over the review period. Moreover, the presence of leading market players and startups is also expected to catalyze the growth of the regional market in the coming years. the research reports from MRFR has the US region as the leading growth contributor and is predicted to thrive considerably at a healthy CAGR of approximately 58.9% by the end of 2023.
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The European regional market for blockchain in telecommunications and postal services is expected to show significant growth in the coming years. the report further expects the regional market to thrive significantly with healthy growth of approximately 61.5% by the end of 2023. The region has Germany as the prominent growth contributor.
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