The Blockchain in Telecom Market size is estimated at USD 0.64 billion in 2023, and is expected to reach USD 5.79 billion by 2028, growing at a CAGR of 55.13% during the forecast period (2023-2028).
In the telecom industry, blockchain plays a very significant role in preventing fraud, securing user identities, and supporting next-generation network services and IoT connectivity solutions, which in turn is driving the market significantly.
The market is concentrated, with few significant vendors offering blockchain solutions across the telecommunication industry. The vendors are also receiving investors' funds, further helping in innovative blockchain services.
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