The size of the global blockchain-as-a-service (BaaS) market, which was $1.90 billion in 2019, is expected to increase to $24.9 billion by 2027, with a projected CAGR of 39.5%.
Increasing small- and medium-sized businesses use of blockchain-as-a-service (BaaS) tools and services to create blockchain applications, smart contracts, and payment systems is anticipated to fuel market expansion during the forecast period. Small and medium-sized businesses are taking advantage of several BaaS services advantages, such as secure decentralization, high immutability capability, efficiency, cost-effectiveness, security, and others. Additionally, initiatives to raise awareness of and increase the popularity of blockchain-as-a-service among major corporations are anticipated to accelerate the growth of the BaaS market.
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DEMANDING INDUSTRY PLAYERS
Microsoft Corporation creates and sells Microsoft Office licenses in addition to offering a vast array of goods, services, and technology. Productivity and business operations are part of the company's operating division, along with intelligent cloud computing and more individualized computing. Microsoft Corporation offers Azure Blockchain Service under its product division. Users can use the tools and services offered by this blockchain service to build, expand, and manage consortium blockchain networks. Microsoft's blockchain service is simple to deploy and manage. A partnership between Microsoft Corporation and banking and financial institutions is expected to be completed in order to design and develop applications, payment systems, and other things. The business is currently funding the creation of numerous blockchain service projects all over the world. Microsoft Corporation is one of the key market players.
The companies that follow are a few of the major businesses profiled:
- IBM Corporation
- Microsoft Corporation
- Alibaba Group
- Oracle Corporation
- SAP SE
- Baidu, Inc.
- Accenture Plc
- NTT Data Corporation
- Infosys Limited
- Stratis Group Ltd.
- VMware, Inc.
- Huawei Service (Hong Kong) Co., Limited
The "Blockchain-as-a-Service Market Report 2030" from Fortune Business Insights is an in-depth overview of the market that covers over 60 geographies and provides high-level market segmentation for each one. The market in each geography is examined, along with market size by region and country, in the section on regional and national breakdowns. Additionally, it assesses the market's past and anticipated growth and highlights important trends and corporate expansion tactics.
Click here to learn more about the most recent developments in the Blockchain-as-a-Service Market. Blockchain-as-a-Service (BaaS) Market Size, Share | Global Report, 2030
SCOPE AND SEGMENTATION ASSOCIATED WITH THE REPORT
By Type:
- Tools
- Service
By Application:
- Smart Contracts
- Supply Chain Management
- Payments
- Governance, Risk, and Compliance Management
- Others (Identity Management)
Depending on where you are:
- (The United States and Canada)
- Europe (the United Kingdom, Germany, France, Italy, and the rest of the continent)
- Asia-Pacific (including Southeast Asia, China, India, Japan, and the rest of the region)
- Latin America (including Brazil, Mexico, and the remainder of the region)
- South Africa, the Gulf Cooperation Council, and the rest of the Middle East and Africa
The study examines a number of crucial elements in order to comprehend the market, such as the most recent market dynamics, growth potential, and development trends, as well as market challenges, development threats, and risk factors. The information is easy to understand thanks to this comprehensive market overview. In addition to offering both short- and long-term market forecasts, the study also provides an analytical stance on the pertinent global market sector.
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What insights does the Blockchain-as-a-Service Market report provide to readers?
- Blockchain-as-a-Service Market Fragmentation on the Basis of Product Type, End User, and Region
- Comprehensive assessment of upstream starting materials, downstream demand, and the present market landscape.
- Collaborations, RD projects, acquisitions, and product launches of each Blockchain-as-a-Service Market player
- The various rules governments have placed on using the Blockchain-as-a-Service Market are described in detail.
The inspirations for investing in this report
- The research provides a detailed market overview by defining, describing, and classifying it.
- The study includes the SWOT analysis and business plans of each vendor in the industry.
- The report provides in-depth analyses of current market trends, trend forecasts, and growth drivers.
- The study thoroughly analyzes the business's competitive landscape and significant market strategies.
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