According to Verified Market Research, the global blockchain as a service market was valued at USD 632.08 Million in 2018 and is projected to reach USD 94.28 Billion by 2026, growing at a CAGR of 86.50% from 2019 to 2026.
What is Blockchain As A Service?
Blockchain as a Service (BaaS) is a service that allows customers to leverage cloud-based solutions to build, host and use their own blockchain apps, smart contracts and functions on the blockchain while the cloud-based service provider manages all the necessary tasks and activities. The service aids the blockchain adoption across businesses. The concept and working of blockchain-as-a-service software as a service (SaaS) model.
Top Companies in the Global BLOCKCHAIN AS A SERVICE Market: IBM corporation, SAP, Deloitte, Accenture, Cognizant, Infosys, Pwc, NTT Data, Capgemini, Wipro, Mphsis, Microsoft, Amazon, Alibaba, Oracle, Baidu, OpenXcell, lntinfotech, KPMG, and Huawei and others.
IBM is among the top players offering blockchain platforms that allow businesses to develop, design, operate, and monitor the blockchain network quickly and cost-effectively on cloud-based platforms.
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Global Blockchain As A Service Market Split by Product Type and Applications:
Market Segment by Type:
Market Segment by Applications, can be divided into:
- Smart Contracts
- Supply Chain Management
- Governance, Risk, and Compliance Management
- Identity Management
Regional Analysis For Gate Driver Market:
For comprehensive understanding of market dynamics, the global Blockchain As A Service market is analyzed across key geographies namely:
North America (United States, Canada, Mexico)
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
Central & South America (Brazil, Rest of South America)
Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Other)
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Influence of the Blockchain As A Service market report:
-Comprehensive assessment of all opportunities and risk in the BLOCKCHAIN AS A SERVICE market.
-Blockchain As A Service market recent innovations and major events.
-Detailed study of business strategies for growth of the Blockchain As A Service market-leading players.
-Conclusive study about the growth plot of Blockchain As A Service market for forthcoming years.
-In-depth understanding of Blockchain As A Service market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Blockchain As A Service market.
Browse the Full Report description and TOC:
https://www.verifiedmarketreports.com/product/blockchain-as-a-service-market/?Mode=94 What are the market factors 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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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
Verified Market Reports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Verified Market Research provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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This post was originally published on Downey Magazine