DUBLIN--(BUSINESS WIRE)--The "Blockchain in Telecom - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Blockchain in Telecom estimated at US$169.4 Million in the year 2020, is projected to reach a revised size of US$10.3 Billion by 2027, growing at a CAGR of 79.8% over the analysis period 2020-2027.
Infrastructure Providers, one of the segments analyzed in the report, is projected to record a 77.7% CAGR and reach US$4.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Application Providers segment is readjusted to a revised 82.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $52.1 Million, While China is Forecast to Grow at 75.8% CAGR
The Blockchain in Telecom market in the U.S. is estimated at US$52.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2027 trailing a CAGR of 75.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 71.3% and 68.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 54.4% CAGR.
Middleware Providers Segment to Record 79.4% CAGR
In the global Middleware Providers segment, USA, Canada, Japan, China and Europe will drive the 79.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$31 Million in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027.
Select Competitors (Total 33 Featured):
- Auxesis Group
- Blockchain Foundry
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 33
For more information about this report visit https://www.researchandmarkets.com/r/l88o22