The article cited AMA's "Global Blockchain in Telecom Market Study" explored CAGR of %. According to the report, Rising Use of Blockchain Technology for the Implementation of 5G is one of the primary growth factors for the market. Increasing Support for OSS/BSS Processes
is also expected to contribute significantly to the Blockchain in Telecom market. Overall, Small and Medium-Sized Enterprises
applications of Blockchain in Telecom, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Organisation Size, such as Large Enterprises, is boosting the Blockchain in Telecom market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Provider, such as Application Providers, is boosting the Blockchain in Telecom market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Blockchain in Telecom market identified that the demand is rising in many different parts of the world as "Blockchain Technology Helps the Telecom Sector in Fraud Management
". Furthermore, some recent industry insights like "In Oct 2019, TBCASoft, IBM, and SoftBank Corp. announced that they are entering into a strategic collaboration to support the transformation of the telecommunications industry that is intended to use cross-carrier blockchain technology designed to enable new synergies throughout the industry, provide new services to telecom carriers and their subscribers, and foster innovative business models." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Blockchain in Telecom market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Blockchain in Telecom market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Blockchain in Telecom market size is calculated using market estimation process, the Blockchain in Telecom market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Blockchain in Telecom market size has been validated using both top-down and bottom-up approaches.