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Blockchain as a Service market to 2023 – growing steady at 90.1% CAGR and projected to reach US$ 15455.0 Million scrutinized in new research

Financial Services

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 Global Blockchain as a Service Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.

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This report spread across 178 pages, profiling 25 companies and supported with tables and figures is now available in this research.

Top Vendors 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), andMphasis (India).

The Blockchain as a Service 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.

However, uncertain regulatory and compliance environment is expected to limit the market growth.

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The Supply Chain management segment is estimated to hold the largest market share in 2018. By leveraging the benefits of BaaS offerings, organizations drive their supply chain processes with better resource allocation, maximized productivity, and reduced costs.

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.

“North America is expected to account for the largest market share, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period”

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 BaaS vendors to expand their presence locally. The adoption of Blockchain as a Serviceofferings is expected to increase in APAC and Latin America.

Breakdown of primary participants’ profile:

  • By Company:Tier 1-22%, Tier 2- 30%, Tier 3-48%
  • By Designation: C-Level-30%, D-Level-45%, Others-25%
  • By Region: North America-41%, Europe- 25%, APAC- 20%, RoW- 14%

Target Audience for Blockchain as a Service Market : Cloud Service Providers (CSPs), Blockchain technology providers, Managed Service Providers (MSPs), System integrators, End-users, Third-party providers, Value-Added Resellers (VARs), Support and maintenance service providers, Government agencies, Consultants/ consultancies/ advisory firms.

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Competitive Landscape of Blockchain as a Service Market:

Overview

Competitive Scenario

New Product Launches and Product Upgradations

Partnerships and Collaborations

Acquisitions

Business Expansions

Blockchain as a Service Market: Prominent Players

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