Should You Be Excited About Blockchain-as-a-Service Market 82% CAGR?
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NJ New Jersey, USA — (SBWIRE) — 16/01/2023 — Advance Market Analytics published a new research publication on “Blockchain-as-a-Service Market Insights, to 2027” with 232 pages and enriched with self-explanatory tables and charts in presentable format. In the study, you will find new trends, drivers, constraints, opportunities that are developed by targeting market-related stakeholders. The growth of the Blockchain-as-a-Service market was mainly driven by increasing R&D spending across the globe.
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Some of the key players profiled in the study are: IBM (US), Microsoft (US), SAP SE (Germany), Deloitte (UK), Accenture (Ireland), Oracle (US), Amazon Web Services, Inc. (US) , Cognizant (US), Infosys (India), PricewaterhouseCoopers (UK), Baidu (China), Huawei (China).
Scope of the Blockchain-as-a-Service Report
Blockchain as a Service BaaS supports enterprises to use cloud-based solutions to build, host and use their smart contracts, blockchain apps and functions. On the other hand, the cloud-based service providers monitor and manage all important tasks and activities to keep the cloud infrastructure operational and agile. BaaS works similarly to the concept of Software As A Service (SaaS) model. Once a third-party service provider establishes the necessary blockchain infrastructure and technology, it can handle complex backend services as well as help manage your business.
The headline segments and sub-segments of the market are set out below:
by Application (Supply Chain Management, Smart Contracts, Identity Management, Payments, GRC Management, Others), Component (Tools, Services), Varticles (BFSI, Chemical, Energy and Utility, Healthcare, Electronics, Other)
Possibilities:
Advances in Supply Chain Management and International Trade
Adoption in number of applications
Market trends:
BaaS integration with the Internet Of Things
Increased regulations from local as well as national regulators
BaaS for content streaming
Smart contracts
Market drivers:
Can be developed with relatively lower costs
Increasing demand for software as a service
Increasing awareness of blockchain technology
Cost-effective solutions
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According to the November 2018 CCN report, Microsoft has been ranked as the top blockchain-as-a-service (BaaS) platform provider, beating competitors including IBM. In addition to this, Microsoft has integrated its Baas platform with Macrosoft Azure Cloud, which shows the second largest market share in the public cloud services market globally.
“The U.S. Department of State supports public-private partnerships to maximize the impact and accountability of foreign aid, blockchain technology, by bringing transparency to international trade.” and “The United Nations (UN) has even entered the world of blockchain, releasing a blog post this week to announce the launch of its Climate Chain Coalition, which includes exploring blockchain to facilitate various initiatives in environmental protection.”
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East and Africa
Country level breakdown: USA, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France , Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Strategic Points Covered in the Table of Contents for the Global Blockchain-as-a-Service Market:
Chapter 1: Introduction, Market Driving Product Objectives of Study and Research Scope Blockchain-as-a-Service Market
Chapter 2: Exclusive Executive Summary – The basic information about Blockchain-as-a-Service market.
Chapter 3: Showing the Market Dynamics – Drivers, Trends and Challenges and Opportunities for Blockchain-as-a-Service
Chapter 4: Presenting the Blockchain-as-a-Service Market Factor Analysis, Porter’s Five Forces, Supply/Value Chain, PESTEL Analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Display by type, end user and region/country 2015-2020
Chapter 6: Evaluating the Leading Manufacturers of the Blockchain-as-a-Service Market Consisting of Its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by country and by manufacturers/company with revenue share and sales by key countries in these various regions (2022-2027)
Chapters 8 and 9: Display of appendices, methodology and data source
Finally, Blockchain-as-a-Service Market is a valuable source of guidance for individuals and businesses.
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Thank you for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
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