Blockchain As A Service Market Size 2020 Business Strategies, Progression Status, Opportunities, Future Trends, Top Key Players, Market Share and Analysis by Forecast to 2027

The Global Blockchain-as-a-Service Market is projected to reach a value of over USD 117.6 Billion by 2027 at a CAGR of around 82.5%.

Blockchain function on distributed ledgers technology helps in sharing data between scalable group of individuals or organisations. A block added after every transaction has a timestamp and the link for the prior block in the chain. This technology is not dependent on any centralized authority can verify, authorize, and conduct transactions automatically based on coded protocol defined by the entities involved in the system.

Blockchain-as-a-Service (BaaS) is an emerging technology that can operate by inserting blockchain architecture into a cloud-computing platform. BaaS platform helps in incorporating blockchain offshore for any organisation in the cloud server. A complete ecosystem is provided by the platform to the end user as per the requirement with advanced features related to security and performance.

BLOCKCHAIN-AS-A-SERVICE MARKET: Drivers & CHALLENGES

Market Driver:

Growing Demand of Cost Effective Solutions

Blockchain is gaining traction across all the sectors as the organisations are adopting this technology to stay ahead in the market. Blockchain implementation eradicates the need of third party vendor, and improves transparency in the organisation. The organisations can build self-hosting blockchain that would incur substantial capital for the infrastructure and for the skilled workforce, a cost effective solution is BaaS. The implementation of a BaaS platform do not require any type of substantial cost, the end users have to pay as per number of units of service used.

Hence, growing demand of cost effective solution can be a contributing factor in the growth of the blockchain-as-a-service market, during the forecast period.

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Market Challenge:

Lack of Scalability

The major setback in the adoption of the blockchain technology is the issue of scalability within its architecture. The problem of scalability occurs because of the limited block size and the existing consensus decision-making in which sequential validation from every node is required before recording any transaction in the blockchain. The problem aggravates with the increase of number of nodes in the network as it increases the number of validation required for final recording of the transaction. The developers need to address the challenge as it hinders the mass adoption of the technology in practical applications.

Hence, lack of scalability can be a limiting factor in the growth of the blockchain-as-a-service market, during the forecast period.

Blockchain-As-a-service market: Key segments

Segmentation based on offering: Tool, and Solution
Segmentation based on platform: Permissionless, Permissioned, and Consortium
Segmentation based on application: Trading, Transactions, Governmental Services, Identity Management, Supply Chain Management, and Others
Segmentation based on end-users: BFSI, Healthcare, Government, Retail, Energy and Power, and Others.
Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, and Middle East & Africa with individual country-level analysis.

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Blockchain-As-a-service MARKET: Report SCOPE

The report on the blockchain-as-a-service market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

KEY Companies Covered

IBM (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
Microsoft
SAP
Accenture
Oracle
Amazon.com, Inc.
Huawei Technologies Co., Ltd.
Infosys Limited
Cognizant
PwC
Other Key Companies

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Blockchain-As-a-service MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Blockchain-as-a-Service Market, by Offering

Tool
Solution

Blockchain-as-a-Service Market, by Platform

Permissionless
Permissioned
Consortium

Blockchain-as-a-Service Market, by Application

Trading
Transactions
Governmental Services
Identity Management
Supply Chain Management
Others

Blockchain-as-a-Service Market, by End User

BFSI
Healthcare
Government
Retail
Energy and Power
Others

Blockchain-as-a-Service Market, by Region

North America

US
Canada
Mexico

Asia-Pacific

China
India
Japan
Singapore
Australia
Rest of Asia-Pacific

Europe

Germany
UK
France
Italy
Rest of Europe

Middle East & Africa

Saudi Arabia
UAE
Rest of Middle East & Africa

South America

Brazil
Argentina
Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends – Porters Five Forces Analysis

6 GLOBAL BLOCKCHAIN0-AS-A-SERVICE MARKET BY OFFERING, Market Size in USD Million (2019-2027)

7 GLOBAL BLOCKCHAIN-AS-A-SERVICE MARKET BY PLATFORM, Market Size in USD Million (2019-2027)

8 GLOBAL BLOCKCHAIN-AS-A-SERVICE MARKET BY APPLICATION, Market Size in USD Million (2019-2027)

9 GLOBAL BLOCKCHAIN-AS-A-SERVICE MARKET BY END-USER, Market Size in USD Million (2019-2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

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