Global Analysis of Blockchain as a Service (BaaS) Market Forecasts to 2021-2030 and Industry Assessment with Key Players such as Amazon Web Services Inc., ConsenSys, Deloitte Touche Tohmatsu Limited, Dragonchain Inc., EY

The global report titled as Blockchain as a Service (BaaS) market has recently published by Absolute Markets Insights to its huge repository. This research report involves massive data which can influence the development of the Blockchain as a Service (BaaS) market. This discovery report provides powerful data that can guide you in managing the risks and challenges faced by enterprises. It covers the major recent trends that are influencing the growth of the global Blockchain as a Service (BaaS) market. The analysts in this research report used primary and secondary research methods to effectively study the market.

Blockchain as a service (BaaS) market was valued at US$ 2749.24 Mn growing at a CAGR of 34.5% over the forecast period (2021 – 2030)
The study further presents the details on financial attributes such as pricing structures, shares and profit margins. Top level companies profiled in this report includesAmazon Web Services Inc., ConsenSys, Deloitte Touche Tohmatsu Limited, Dragonchain Inc., EY, Hewlett Packard Enterprise Development LP, IBM, KPMG, Microsoft, Multiledgers Administração de Nuvens S.A., Oracle, Peer Ledger Inc., PwC, R3, SAP SE, Stratis Group Ltd., and VECHAIN. The competitive landscape of the Blockchain as a Service (BaaS) market has been provided by analyzing different successful and startups industries. The economic aspects of the businesses have been presented by using facts and figures.

Blockchain-as-a-service (BaaS) is defined as a set of third-party creation and management of cloud-based networks that is used by companies, which are engaged in the business of building blockchain applications. The use blockchain as a service (BaaS) is increasing in various industries which is accelerating the growth of global blockchain as a service (BaaS) market. Starbucks is working with Microsoft to develop new blockchain-based supply chain tracking system and mobile app. Joint blockchain node are being offered in many countries as part of the government programme to digitize and automate public service systems in rural areas through blockchain. With the release of a new service called ‘Paperless’, Samsung SDS is expanding into cloud-based Blockchain-as-a-Service (BaaS) areas, promising to improve reliability and transparency. This service can safely manage documents that are prone to forgery.

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The growth of blockchain technology and its increasing use is contributing towards the growth of global blockchain as a service (BaaS) market. Technological advancements have increased due to growing demand for easier reconciliation, faster processing, and greater transparency on fees as many companies are primarily using blockchain as a service (BaaS) for making and receiving online payments. Demand for better cyber security is another factor amplifying the growth of blockchain as a service (BaaS) market.
The growing investments towards development of blockchain as a service (BaaS) offerings by the market participants showcases positive growth prospects for blockchain as a service (BaaS) market over the forecast period. Many third-party services are developing in the growing field of blockchain technology, for hosting decentralised software services which in turn are boosting the overall global blockchain as a service (BaaS) market growth.

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The tools segment in the global blockchain as a service (BaaS) market held the larger share owing to the secure and cost-effective features provided by the solutions. Blockchain-as-a-Service (BaaS) offers reliable solutions for sharing information, reducing risks and complexities of cross-organizational transactions.

Increasing cyber crimes and online fraud activities is contributing towards the growth of identity management application in the global blockchain as a service (BaaS) market. Know your customer (KYC) services powered by blockchain offer better security to customer data. For internet of things (IoT) systems, the user identity management becomes easy through blockchain as a service (BaaS).

The large enterprises segment held the largest share in the global blockchain as a service (BaaS) market. Large amount of structured and unstructured data sets, substantial budgets along with established technological infrastructure has led to increased adoption of the offerings across large enterprises. However, significant adoption is being observed across SMEs, which is also anticipated to register highest growth rate over the forecast period.

This research report covers North America, Latin America, Asia-Pacific, Europe and Africa on the basis of productivity. It focuses on the leading countries from the global regions. This report highlights the cost structure including cost of raw material and cost of manpower. It offers a clear picture of the various factors that will fueling the growth of Blockchain as a Service (BaaS) market.

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Global Blockchain as a Service (BaaS) Market:

• By Offering
o Tools
o Services

• By Application
o Supply Chain Management
o Governance, Risk, and Compliance (GRC) management
o Payments
o Identity Management
o Others

• By Organization Size
o Small and Medium Enterprises
o Large Enterprises

• By Industry Verticals
o Banking, Financial Services and Insurance (BFSI)
o IT and Telecommunications
o Logistics and Transportation
o Manufacturing
o Government
o Healthcare
o Retail & E-Commerce
o Others

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