Global communications block chain market grows 77.9% annually

The global telecom industry block chain market is expected to reach $ 1,337 million by 2024. Research and Markets, a global market research firm, predicted that by 2024, the telecom industry will use the global block chain technology to grow at a CAGR of 77.9%.

The report expects that the telecom industry’s block-chain technology will grow as the number of hyper-leisure and block-chain consortiums grows, while tackling illegal actions and strengthening security for 5G adoption.

In July of last year, there was a report with the prospect that the telecom industry’s blockbuster market would reach $ 1 billion over the next five years. Research and Markets also predicted that the world’s cryptographic ATM market would reach $ 183.7 million by 2024, with an annual growth rate of 46.6% from $ 18 million last year. For more information, please click here .