Blockchain As A Service Market is expected to Exhibit a Massive CAGR of 60.31% by 2029 | IBM Corp., Microsoft Corp., The Linux Foundation, Circle Internet Financial Ltd

The Worldwide Blockchain as a Service Market size was estimated at USD 829 million in 2021 and is expected to hit around USD 84.6 billion by 2030, expected to grow at a CAGR of 60.31% during the forecast period 2022 to 2030.

Blockchain as a Service (BaaS) has enabled companies of all sizes to employ blockchain-based solutions without investing in internal development teams and processes. Businesses can utilize the service of the blockchain provider and build blockchain apps for very little money by using the BaaS paradigm.

Several reasons are driving the blockchain as a service market. The growing use of blockchain technology across a variety of sectors, such as finance, healthcare, and logistics, is one of the key motivators. BaaS makes it possible for businesses to leverage blockchain technology without having to make substantial infrastructure and hardware investments. The rising demand for transparent and secure data management systems is another factor. BaaS can offer a safe and open platform for data sharing and storing, which can help businesses increase productivity, cut costs, and manage risk.

The blockchain as a service market is expanding as a result of the advent of smart contracts. Smart contracts can automate intricate procedures like financial transactions and supply chain management, obviating the need for middlemen and increasing productivity. Finally, the blockchain as a service market business is also being driven by the growing popularity of cloud computing. Blockchain technology may now be used by businesses from anywhere in the globe thanks to cloud-based solutions, facilitating data sharing and collaboration between various platforms and devices.

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Key players:

• IBM Corp.
• Microsoft Corp.
• The Linux Foundation
• Circle Internet Financial Ltd.
• Deloitte Touche Tohmatsu Ltd.
• Digital Asset Holdings, LLC
• Global Arena Holding, Inc. (GAHI)
• Monax
• Ripple
• BTL Group Ltd.
• Chain, Inc.

The blockchain as a service market is developing quickly, and a number of new trends are influencing the sector. The growing emphasis on interoperability and standardization is one of the major themes. As more businesses implement blockchain technology, it is crucial to ensure that various platforms can efficiently connect. The increasing need for decentralized finance (DeFi) solutions is another trend. DeFi makes it possible to perform financial transactions on a decentralized network without the use of mediators. BaaS can offer a reliable and effective platform for DeFi solutions, making transactions quicker and more affordable.

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Market Segmentation:

Blockchain as a Service Market, Based on End-User:

• Tools
• Services

Blockchain as a Service Market, Based on Application:

• Supply Chain Management
• Payments
• Governance, Risk, and Compliance Management
• Others (Trade Finance and Data Storage)
• Smart Contracts
• Identity Management

Blockchain as a Service Market, Based on Organization Size:

• SMEs
• Large enterprises

Blockchain as a Service Market, Based on Verticals:

• BFSI
• FMCG
• Healthcare
• Transportation and Logistics
• Media and Entertainment
• Manufacturing
• Retail and eCommerce
• Government and Public Sector
• Energy/Power and Utilities

Blockchain as a Service Market, Based on Region:

North America

• United States (US)
• Canada

Europe

• United Kingdom (UK)
• Germany
• Rest of Europe

APAC

• China
• Japan
• India
• Rest of APAC

MEA

• Middle East
• Africa

Latin America

• Brazil
• Mexico
• Rest of Latin America

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Key benefits of the Report:

• The study consists of an analytical depiction of the market size, along with current trends and future projections to depict the imminent investment pockets.
• The overall market analysis has identified profitable trends and decided to build a stronger foothold.
• The blockchain as a service market report provides information regarding key drivers, restraints, and opportunities along with a detailed impact analysis.
• Current Market Outlook Quantitatively Analyses 2021-2030 to Benchmark Financial Capabilities.
• Porter’s Five Forces Analysis reveals the potential of buyers and suppliers in smart displays.
• The report includes market shares of key vendors and interactive AI market trends.

Table of Contents: Blockchain As A Service Market

Chapter 1: Overview of Blockchain As A Service Market

Chapter 2: Market Driving Factor Analysis

Chapter 3: Global Market Status and Forecast by Regions

Chapter 4: Global Market Status and Forecast by Types

Chapter 5: Market Competition Status by Major Manufacturers

Chapter 6: Major Manufacturers Introduction and their Market Data

Chapter 7: Upstream and Downstream Analysis

Chapter 8: SWOT Analysis, PESTEL Analysis, PORTE 5 Forces.

Chapter 9: Cost and Gross Margin Analysis

Chapter 10: Sales Channels, Distributors, Traders, and Dealers

Chapter 11: Marketing Status Analysis

Chapter 12: Market Report Conclusion

Chapter 13: Blockchain As A Service Market Research Methodology and Reference

Chapter 14: Appendix

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