PUBLISHER: Allied Market Research | PRODUCT CODE: 1193248
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193248
Blockchain as a service (BaaS) allows customers to leverage cloud-based solutions to build, host, and operate their own blockchain apps and related functions on the blockchain. Furthermore, the rise in adoption of blockchain-enabled distributed ledgers among various fintech is owing to a surge in cyberattacks and an increase in the need to protect critical data of the companies.
The growth in number of cyber threats, post the outbreak of the COVID-19 pandemic, aided in propelling the growth of the global blockchain as a service (BaaS) solutions during the period, hence empowering the demand for blockchain as a service (BaaS) solution. Moreover, the rise in complexity of the global financial sector during the period has positively impacted the need for the blockchain as a service (BaaS) industry. However, the initial development and implementation costs of blockchain services can hamper the blockchain as a service (BaaS) market during the forecast period. On the contrary, the rise in adoption of blockchain technologies in the global economy is expected to offer remunerative opportunities for the expansion of the blockchain as a service (BaaS) market during the forecast period.
The blockchain as a service (BaaS) market is segmented on the basis of offering, enterprise size, application, industry vertical, and region. On the basis of offering, the industry is divided into tools and services. By enterprise size, the market is bifurcated into large enterprises and SMEs. By application, the market is categorized into payments, smart contracts, supply chain management, compliance management, trade finance, and others. By industry vertical, the market is classified into BFSI, government & public sector, manufacturing, retail & e-commerce, media & entertainment, transportation & logistics, healthcare, energy & utilities, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the blockchain as a service (BaaS) market analysis are Accenture, Plc, Altores, AWS, Bitfury, Factom, HPE, Huawei, IBM Corporation, Infosys Limited, Leewayhertz, Microsoft, Oracle, Oodles Technologies, R3, SAP SE, Salesforce, and Wipro. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
By Application
By industry Vertical
By Offering
By Enterprise Size
By Region