Blockchain as a Service (BaaS) Platform Market Research (2022-2028): In-Depth Assessment Of The Growth And Other Aspects|Top key players
The global blockchain-as-a-service (BaaS) market size stood at USD 1.90 billion in 2019 and is projected to reach USD 24.94 billion by 2027, exhibiting a CAGR of 39.5% during the forecast period.
Report 2022-2029, has been prepared based on an in-depth market analysis with inputs from industry experts. TheBlockchain-as-a-Service Marketstudy sheds light on the important growth dynamics expected to prevail across the assessment period 2022-2029. It offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants The study offers statistics of key segments across prominent geographies, along with a detailed mapping of the global competitive landscape.
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The Blockchain as a Service (BaaS) Platform Market statistical surveying report analyzes the significant factors that are driving business sector development top to bottom. It likewise clarifies the deterrents or restrictions that are supposed to hinder market extension during the gauge time frame. For every district, section, and company, the development rate, portion of the overall industry caught, and valuation assessments are additionally announced.
The report covers an extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:
- 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
Blockchain-as-a-service (BaaS) refers tothird-party cloud-based infrastructure and management for companies building and operating blockchain apps. BaaS functions like a sort of web host, running the back-end operation for a block-chain based app or platform.
Drivers
Heightened Vulnerability to Cyber Threats to Hamper Market Growth
The safety quotient of financial transactions has gotten considerably elevated since the advent of blockchain technology. Given its complex architecture, hacking into a blockchain-based system requires sophisticated computer skills and tools. Nonetheless, analysis by NASDAQ, one of the three stock indexes in the US, reveals that this technology is not bereft of vulnerabilities, originating primarily from the endpoints that use wallets to initiate transactions. These wallets become easy targets for hackers. For instance, a crypocurrency exchange platform, Ethereum Classic, was hacked in 2019, with the hacker rewriting the transaction history of the platform and stealing millions. During the same year, hackers stole around $40 million in Bitcoin transactions, exploiting the susceptibility of the same endpoint issue stated earlier. Thus, the constantly looming threat of cyber-attacks may prohibit the blockchain-as-a-service market growth during the forecast period.
Market Segmentation:
By Component
- Tools
- Service
By Application
- Smart Contracts
- Supply Chain Management
- Payments
- Governance, Risk, and Compliance Management
- Others (Identity Management)
By Industry
- BFSI
- Energy and Utilities
- Government
- Healthcare and Life Sciences
- Manufacturing
- Telecom, Media and Entertainment
- Retail and Consumer Goods
- Travel and Transportation
- Others (Education etc,)
By Region
- North America (U.S. and Canada)
- Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia, and the Rest of Asia-Pacific)
- Middle East and Africa (South Africa, GCC, and the Rest of the Middle East and Africa)
- Latin America (Brazil, Mexico, and the Rest of Latin America)
The report provides detailed insights on drivers, restraints, and opportunities to help the market players in devising several growth strategies. The rise in demand for compound semiconductor epitaxial wafer in consumer electronics, the surge in implementation of wafers in the automotive industry, and the increase in use of compound semiconductor wafers photovoltaic, photonics, spintronics, and others are expected to drive the growth of the global compound Blockchain-as-a-Service Market during the forecast period. On the other hand, the extortionate cost of wafer manufacturing is expected to hinder the growth to some extent. However, the increase in popularity of IoT in wafers is expected to create ample opportunities for the industry.
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What’s Included in the Report
- Global Blockchain-as-a-Service Market in Military and Aerospace Market size and growth projections, 2020- 2029
- Blockchain-as-a-Service Market in Military and Aerospace Market size, share, and growth projections across regions and countries, 2022- 2029
- Blockchain-as-a-Service Market in Military and Aerospace market size and CAGR of key products, applications, and end-user verticals, 2022- 2029
- Short and long term Blockchain-as-a-Service Market in Military and Aerospace Market trends, drivers, restraints, and opportunities
- Porter’s Five forces analysis
- Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
- Latest market news and developments
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the compound Blockchain-as-a-Service Market globally. The outbreak of COVID-19 has had a negative impact on the growth of the global compound Blockchain-as-a-Service Market, owing to the prevalence of lockdowns in numerous countries across the globe. Lockdowns led to the closure of various electronics manufacturing hubs across the globe, adversely affecting the supply chain of Blockchain-as-a-Service Market. This created a shortage of materials, components, and finished goods. However, the market is expected to recoup soon.
The report offers detailed segmentation of the global compound Blockchain-as-a-Service Market based on type, deposition technology, product, application, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue-generating segments to accomplish growth in the future.
Based on product, the power segment generated the highest market share in 2020, garnering more than one-fourth of the global market. The transistor segment, on the other hand, would cite the fastest CAGR during the forecast period.
Product Overview
Management of Blockchain-as-a-Service Market deals with the creation of benefits for the past buying and provides incentives for future buying. The Rewards program provides the customer with strong value, with better customer penetration, cross-sales, and Market. A Market system comprises operational parameters that include; financing options, program design, and transaction types. It also incorporates different parameters of value such as redemption thresholds, reimbursement options, and earnings rates. Many organizations concentrate their activities on spending on Market programs. This allows the promotion of brands and continues to attract a new audience. It helps collect more information and insights to develop a more sophisticated customer profile. For the reason of its influence on the brand value and the capability of Blockchain-as-a-Service Market programs to sustain and attract potential customers, Market management is a key part of the seller strategy.
An in-depth qualitative and quantitative research of the global Blockchain-as-a-Service Market has been undertaken in this report. The study reckons various important aspects of the market by focusing on the historical and forecast data. Information pertaining to SWOT analysis as well as Porter’s five force model analysis has been encompassed in the report.
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Table of Contents
Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
Executive Summary
Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Blockchain-as-a-Service Market Opportunities
Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions
Blockchain-as-a-Service Market Technology Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
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Press Release Distributed by The Express Wire
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