Blockchain as a Service Market

Blockchain as a Service Market is projected to reach USD 18,684 million by 2027, exhibiting a CAGR of 62.2% during forecast period.

The global Blockchain as a Service (BaaS) market is expected to witness significant growth in the coming years, owing to the growing adoption of the blockchain technology by the various end-user industries. The BaaS service providers assist the end users in maintaining and managing their blockchain applications. In addition, the BaaS service providers also provide consulting and implementation services, training, integration, and maintenance services to the end users. For instance, In 2015, Microsoft became the first company to introduce BaaS. The BaaS offers the similar kind of benefits to the end users in terms of cost saving, scalability and implementation as Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) offers to the end users.

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The growing demand for the training and integration services by the end users, ease of data maintenance and increase in the efficiency are few factors which are driving the BaaS market growth. In addition, the growing adoption of BaaS services by the BFSI industry due to the advantages of the BaaS i.e. efficiency, cost-effectiveness and security are supporting the growth of the BaaS market. However, stringent government regulations, inadequately skilled workforce, and lack of standards are hindering the market growth.

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Various notable players operating in the market, include Amazon Web Services, Inc., International Business Machines (IBM) Corporation, Microsoft Corporation, Oracle, SAP SE, Baidu, Accenture, Huawei, and Waves Platform. Most of the players in the market are focusing on strategic collaboration with technology developers and platform providers and to offer better service subscription plans. For instance, in October 2018, Amazon Web Services partnered with Qtum to develop blockchain as a service solution for the end users and developers.

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The global blockchain as a service market has been segmented based on service type, organization size, application, end-users, and key geographies. Based on the service type, the market is segmented into consulting and implementation service, training services, maintenance services, and others. Based on organization size, the market is categorized into large enterprises and small-medium enterprises. Based on application, the market is classified into supply chain management, identity management, payments, governance, risk and compliance management, and others. Based on end-users, the market is segmented into BFSI, healthcare, retail, government, IT & Telecom, manufacturing, and others.

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The research report “Global Blockchain as a Services Market” provides in-depth analysis of global Blockchain as a Service market based on service type, organization size, application, end-users and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global blockchain as a service market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:

1. At what pace is Blockchain as a Service market growing? What will be the growth trend in the future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the blockchain as a service market?
4. What are the various application areas and how they are poised to grow?

Market Segmentation

By Service Type

• Consulting and Implementation Services
• Training Services
• Maintenance Services
• Others

By Organization Size

• Large Enterprises
• Small Medium Enterprises

By Application

• Supply Chain Management
• Identity Management
• Governance, Risk, and Compliance Management
• Payments
• Others

By End Users

• BFSI
• Healthcare
• Retail
• Government
• IT & Telecom
• Manufacturing
• Others

By Geography

• North America
As a part of the customization
o By Service Type
o By Organization Size
o By Application
o By End Users
o US
o Canada
o Mexico

• Europe
As a part of the customization
o By Service Type
o By Organization Size
o By Application
o By End Users
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of the customization
o By Service Type
o By Organization Size
o By Application
o By End Users
o China
o Australia
o India
o Rest of APAC

• ROW
As a part of the customization
o By Service Type
o By Organization Size
o By Application
o By End Users
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

Leading market players
• Amazon Web Services, Inc
• International Business Machines Corporation
• Microsoft Corporation
• Oracle
• SAP SE
• Hewlett-Packard Enterprise
• Baidu
• Accenture
• Huawei
• Waves Platform

*Other prominent players in the market which can be profiled as a part of customization:
PWC
TCS
L&T Infotech