This report studies the Global blockchain as a service Market size of key regions like North America, Europe, Asia Pacific, Rest of the World, focuses on the consumption of blockchain as a service in these regions.
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An exclusive data offered in this report is collected by research and industry experts team.
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Browse and In-depth Table of Content on “Blockchain as a Service Market”
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The global Blockchain as a Service Market to grow from US$ 623.0 Million in 2018 to US$ 15,455.0 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 90.1% during the forecast period. The BaaS market has grown rapidly, due to the need to lower risks, complexities, and increase efficiency along with the low cost of bandwidth, data storage, and computing.
These factors are expected to drive the adoption of the blockchain technology.
The manufacturing industry is expected to grow at the highest CAGR during the forecast period, as Blockchain as a Service offerings ease various manufacturing processes by maintaining and aggregating records, which help boost the efficiency by ensuring proper utilization of workforce.
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North America is estimated to have the largest market size in 2018 followed by Europe, owing to technology developments in this region. North America is an early adopter of technology trends.
Being a hub for innovations, combined with its developed capital markets and financial setup, North America presents strong opportunities for Blockchain as a Service vendors to expand their presence locally. The adoption of Blockchain as a Service offerings is expected to increase in APAC and Latin America.
The objective of the report is to define, describe, and forecast the market trends based on components, business applications, organization size, industry, and region. The objective is to provide detailed information related to the major factors, such as drivers, restraints, opportunities, and challenges, influencing the market growth.
Top Key Players in the ” Blockchain as a Service Market” include are
- IBM (US)
- Microsoft (US)
- Oracle (US)
- SAP (Germany)
- Waves Platform (Russia)
- HPE (US)
- Baidu (China)
- Stratis (UK)
- AWS (US)
- Huawei (China)
- KPMG (Netherlands)
- Accenture (Ireland)
- PwC (UK)
- Infosys (India)
- TCS (India)
- TO THE NEW (India)
- Capgemini (France)
- Deloitte (US)
- Cognizant (US)
- EY (UK)
- NTT Data (Japan)
- ConsenSys (US)
- Wipro (India)
- L&T Infotech (India)
- Mphasis (India)
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- Cloud Service Providers (CSPs)
- Blockchain technology providers
- Managed Service Providers (MSPs)
- System integrators
- Third-party providers
- Value-Added Resellers (VARs)
- Support and maintenance service providers
- Government agencies
- Consultants/consultancies/advisory firms