Blockchain in Telecommunication and Post Services Market Getting Back To Stellar Growth Ahead 2032

 Market Overview:

From the recent study Blockchain in Telecommunication and Post Services Market is expected to grow at a CAGR of 42.83% in USD value 5.18 billion during the forecast period of 2022-2032.

Due to the increasing development of technology, several business players are adapting to new innovative ways to meet customer needs and increase market value in this competitive market. The Blockchain in Telecommunication and Post Services market is recently growing due to its protection and security to virtual consumers. The report explains the detailed market revenues, positions, and growth. The Blockchain in telecommunication and post services makes the consumers trust in the market and is very efficient. Blockchain communication and post services give a lot of benefits to the business, which can be growing factors for the marketing sector. It decreases the cost of operation and safety traction, and to secure data management of customers makes a useful market.

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Key Players

Eminent players profiled in the global blockchain technology report include

  • Atos SE (France)
  • Accenture Plc (U.S.)
  • Juniper Networks Inc (U.S.)
  • Earthport Plc (U.K.)
  • Microsoft Corporation (U.S.)
  • IBM Corporation (U.S.)
  • Bitfury Group (The Netherlands)
  • SAP SE (U.S.)
  • Blockchain Tech Ltd (U.S.)
  • Coinbase (U.S.)

Regional Analysis

Global Blockchain in Telecommunication and Post Services Market is highly concentrated with various players offering unique solutions based on the prominent technology. Opportunities in identity management, supply chains, and border shipping can drive the demand for the technology during the forecast period.

COVID-19 Analysis

The COVID-19 pandemic has pushed the need for blockchain technology that can be used in connecting users on a digital platform. Its critical use in ensuring safe transactions digitally is seen as a positive indicator of the technology. Features of immutability, decentralization, and transparency can drive its integration into government systems for containing the spread of the virus and reopening its borders. For instance, the U.S. Customs and Border Protection can use blockchain for protecting intellectual property rights of American importers from data theft. On the other hand, the high influx of mail-in voting during the U.S. elections has also induced the need for a blockchain supported platform. The patent filed by the USPS has developed a case use for fraud-proof conduction of elections.

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Industry Updates

Samsung SDS Co., an IT service unit of Samsung Group has come up with a web-based ‘paperless’ service which uses blockchain technology for preventing documents forgery. This service will allow safe management of different documents like certificates, consent agreements, and contracts through a connection with the API function of the company.

Microsoft Corporation offers opportunities for digital transformation, managed services, intellectual property, cloud solution providers, and others and holds 8% of the total market share.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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