Blockchain-as-a-Service Market 2021 Strategic Assessment and Growth Outlook- Microsoft Corporation, Hewlett-Packard Enterprise, IBM Corporation, SAP SE

The Blockchain-as-a-Service Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Blockchain-as-a-Service Market was valued at USD 420.50 billion in 2019 and is expected to reach USD 982.80 billion by 2025, at a CAGR of 15.2% over the forecast period 2020- 2025.

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Competitive Landscape:

Top Companies: Microsoft Corporation, Hewlett-Packard Enterprise, IBM Corporation, SAP SE, Stratis, Amazon Web Services, Oracle Corporation, Huawei Technologies Co. Ltd, Blockstream Inc., PayStand Inc.

Scope of the Report
Blockchain-as-a-service is ideal for organizations that outsource their technological aspects, and are not involved in understanding the working mechanism of the blockchain. The market is gaining traction with SMEs, due to the flexibility of the nature of transactions, and also, as it is supported by security and cost-effective features. Efficient blockchain services are required to secure the identity of digital entities and online authentication of personal identities, which drives the demand for blockchain-as-a-service offerings.

Industry News and Updates:

- March 2019 - Tata Consultancy Services (TCS) collaborated with Microsoft and R3 technology (R3), to adopt a scalable cross-industry blockchain platform. Some of the anchor solutions that are being built on these platforms include skills marketplace, anti-counterfeiting of luxury goods, affordable mobility, and shared telecom infrastructure for 5G, and loyalty and rewards programs.
- February 2019 - IBM made the IBM Food Trust solution "generally available", and the latest company to experiment with this solution is Albertsons Companies, the worlds second-largest supermarket company, by sales.

Key Market Trends:

Asia-Pacific is Expected to Witness the Highest Growth Rate
- After May 2018, the Chinese government has been promoting the adoption of blockchain technology, due to its multiple advantages. Majority of mining operations take place in China.
- A leading global ICT (information and communications technology) solutions provider, Huawei, announced the launch of its hyperledger-based blockchain service in April 2018, in China, to enable companies to develop smart contracts on top of a distributed ledger network for several use-case scenarios.
- Moreover, in Thailand, the government positively accepted cryptocurrency projects. Thai regulators established cryptocurrency licenses in 2018, to enable exchanges and ICOs. Clear and specific guidelines have been drawn for foreign blockchain businesses.

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What are the market influences that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Blockchain-as-a-Service Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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