Blockchain will contribute almost $1 billion to the telecoms sector alone within the next five years, MarketWatch reports Wednesday

2018-7-12 21:43

Blockchain will contribute almost $1 billion to the telecoms sector alone within the next five years, MarketWatch reports Wednesday, July 11. a new research forecasts this week.
According to a global market research store Research and Markets, blockchain technology in telecoms will explode from a $46.6 million industry in 2018 to one worth $993.8 million in 2023.
The 132-page report singles out “rising security concerns” as one of the major factors driving the spread of blockchain, which operators in the arena view as a potential safeguard despite its still-fluid regulatory status.
“The blockchain in telecom market is driven by various factors, such as the increasing support for OSS/BSS [operations support systems/ business support systems] processes and rising security concerns among telcos,” an abstract of the report summarizes.
Research and Markets nevertheless appears unfazed by the broader mixed reception, foreseeing an 84 percent compound annual growth rate (CAGR) for blockchain in telecoms.

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blockchain telecoms research reports marketwatch billion million

Источник: bitcoints.com

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