Market Overview
The global blockchain in telecom market size was valued at USD 1,070.1 Million in 2024 and is projected to reach USD 34,800.0 Million by 2033, exhibiting a CAGR of 47.2% during 2025-2033. Growth is fueled by the rising demand to safeguard telecom networks, the surge in IoT device usage, and the need for cost reduction and efficiency improvements. The market is led by North America, emphasizing secure and transparent communication networks, 5G adoption, and fraud mitigation strategies.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Blockchain in Telecom Market Key Takeaways
- The global blockchain in telecom market size was USD 1,070.1 Million in 2024.
- The market is expected to grow at a CAGR of 47.2% from 2025 to 2033.
- Forecast market size is USD 34,800.0 Million by 2033.
- North America is the largest market with over 37.4% share in 2024.
- Growth driven by secure communication network demand, 5G adoption, IoT proliferation, fraud mitigation, and cost efficiency needs.
- Strategic partnerships and investments underline blockchain’s increasing relevance in telecom.
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Market Growth Factors
Key factors driving the growth in the global blockchain communication market include the increase in demand for secure and transparent communication networks. Because blockchains communicate, communication networks decentralize and verify. Blockchains can improve security and trust while addressing issues. Data breaches happen. Data accesses without authorization. By 2030, the number of IoT devices is estimated to rise to 40 billion, especially in agriculture, healthcare and manufacturing sectors, requiring data exchanges to be efficiently performed by then.
Telecom companies are said to adopt blockchain for fraud prevention and for customer data security given new laws like the GDPR and CCPA. Telecom fraud increased by 12% from 2021 to 2023 costing the industry an estimated USD 38.95 Billion, further pushing telecom companies to turn to blockchain.
The second approach is cost savings and operational efficiencies. Blockchain removes intermediaries from processes such as billing and settlements using smart contracts, thus, lowering administrative costs and errors. A real-time transaction verification system can enable more accurate billing, reduce revenue leakage, and blockchain can improve supply chains and inter-carrier agreements in an overall improvement of telecom operations.
Market Segmentation
By Provider:
- Application Providers
- Middleware Providers
- Infrastructure Providers: The largest segment in 2024 with around 62.4% market share, critical for delivering foundational blockchain technologies, hardware, software, and cloud solutions supporting blockchain networks. This segment facilitates scalability and connectivity, especially with expanding 5G and IoT networks.
By Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises: Leading with approximately 71.7% market share in 2024, enabled by financial capacity to handle complex blockchain implementations and address security, data, and operational efficiency challenges.
By Application:
- OSS/BSS Processes: Dominant application segment with around 50.3% market share in 2024. Blockchain enhances operational workflows by providing secure, transparent records for billing, provisioning, and fraud detection. It improves inter-carrier settlements and reduces revenue leakage.
- Identity Management
- Payments
- Smart Contracts
- Connectivity Provisioning
- Others
Regional Insights
North America dominates the blockchain in telecom market with a 37.4% share in 2024, driven by early adoption, advanced telecom infrastructure, and innovation commitment. The U.S. alone accounts for approximately 77.10% of North America’s market, buoyed by major telecom companies such as Comcast, AT&T, and Verizon, and increased blockchain integration to enhance security, reduce fraud, and manage 5G deployments efficiently.
Recent Developments & News
- February 2022: Bharti Airtel acquired a strategic position in Aqilliz, a Blockchain as a Service Company under the Airtel Startup Accelerator Program, to expand the use of blockchain technologies in Adtech and Digital Marketplace businesses.
- March 2021: Amazon.com Inc.’s AWS and Ingram Micro Cloud announced a worldwide Strategic Collaboration Agreement to accelerate AWS Partners’ global expansion.
- July 2020: Blockchain Foundry Inc. partnered with Matic Network to explore interoperability between Syscoin and Matic networks to enhance Ethereum scalability.
- November 2020: International Business Machines Corporation announced an agreement to acquire Instana for improved application monitoring across hybrid cloud environments.
Key Players
- Amazon.com Inc.
- Blockchain Foundry Inc.
- Cegeka
- Deloitte Touche Tohmatsu Limited
- Huawei Technologies Co. Ltd.
- Infosys Limited
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Tbcasoft Inc.
- Wipro Limited
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