Theglobal blockchain in telecom market is set to garner $80 billion by 2033, booming at a 74.8% compound annual growth rate (CAGR) from 2023 to 2033.
The telecommunications industry is well-known for reinventing itself. Fixed landlines were the primary product of telecom companies in the initial periods; however, with the introduction of the mobile phone, this shifted to mobile subscriptions and short message service (SMS). In past years, many telecom firms' primary revenue source has shifted from calls to data, necessitating another shift in their business model. With every firm becoming a data organization, there are huge prospects for the telecommunications industry to reinvent itself once more, thanks to blockchain.