According to the study, the market will grow to at least $500 million and likely approach a billion, with a projected compound annual growth rate (CAGR) of 43.6%.
The authors of the study believe that the total value of the global market for such messengers in 2022 was only $30 million.. If analysts' forecasts turn out to be correct, it will grow by 1706% in just eight years.
Experts believe that growth in the near future will be affected by a surge in the popularity of the cryptocurrency industry. Along with this, there will be a request for increased data privacy both from companies and individuals.. Another factor will be advances in the field of Web3 technologies and the mass introduction of new generations of mobile communications – 5G and 6G.
The study claims that most of the traditional messengers can not boast of outstanding security systems. However, among them, Grand View Research analysts single out a decentralized network based on the Open Network (TON) blockchain, developed by the Telegram team.
Earlier, Microsoft reported that hackers launched a complex attack on cryptocurrency investors, sending malicious files through chats and Telegram groups.