Blockchain As a Service Industry, Increase Lack Of Expertise CAGR And Forecasts To 2027 Market Research Future
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Market Scenario:
Market
Research Future (MRFR), in its latest report on the global market for blockchain-as-a-service
(BaaS) 2020, reveals factors that govern the market. The increase in the
adoption of Blockchain-as-a-Service can support the expansion of the market
across the analysis period. As per MRFR data, the expansion of the
blockchain-as-a-service market is likely to be at 70.63% CAGR across the study
period 2018–2024. The blockchain-as-a-service market value can touch USD
18,981.66 Million by 2024.
The
increase in the application of Blockchain as a Service Industry
solutions for financial service, banking, and insurance enterprises can bolster
the expansion of the market across the analysis period. Moreover, the rise in
the adoption of e-commerce organizations, retail and government entities can
drive the market growth. The rise in the demand to implement BaaS solutions in
supply chain management for various industries can also promote the expansion
of the market through the study period. BaaS solutions are also being used for
international business transactions due to the high reliability and security
offered by them. On the contrary, lack of expertise on blockchain technology,
less interoperability of blockchain solutions among enterprises, issues in
regulatory standards, and issues with high costs associated with the
integration of legacy systems can restrain the expansion of the
blockchain-as-a-service solutions market in the coming years.
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Competitive Outlook:
Microsoft
Corporation, IBM Corporation, Oracle Corporation, SAP SE, Amazon Web Services,
Accenture PLC, Cognizant, Deloitte Touche Tohmatsu Limited, Capgemini SE,
Infosys Limited Huawei Technologies Co. Ltd, NTT Data Corporation, Tata
Consultancy Services Limited, HPE, Baidu, Inc., Wipro Limited, and KPMG among
others are some notable developers of blockchain-as-a-service solutions as
listed by MRFR.
Segmentation:
The segment evaluation of the
blockchain-as-a-service solutions market is done by component, platform,
application, cloud, and organization size.
The platform based segments of the
blockchain-as-a-service solutions market Ethereum, Ripple, Hyperledger, R3, and
others.
The component based segments of the
blockchain-as-a-service solutions market are tools and services
The cloud based segments of the
blockchain-as-a-service solutions market are hybrid, private, and public.
The organization size based segments of the
blockchain-as-a-service solutions market are large enterprises and SMEs.
The application based segments of the
blockchain-as-a-service solutions market are smart contracts, compliance
management, inventory management, identity management, payment management,
supply chain management, fraud management, loyalty and rewards management and
others.
The vertical based segments of the
blockchain-as-a-service solutions market are retail and e-commerce,
transportation & logistics, BFSI, healthcare, IT & telecommunications,
government, media & entertainment, energy & utilities, and others.
Regional Analysis:
Trends
of the blockchain-as-a-service market are studied across North America, APAC,
MEA, and EU. As per MRFR regional data, the blockchain-as-a-service market in
North America is known as to have the largest market share. The high rate of
adoption of blockchain technology across the US, following Canada and Mexico
can support the expansion of the blockchain-as-a-service market in the review
period. The well-established BFSI vertical in the region, being the high
end-user of blockchain-as-a-service solutions can promote the expansion of the
regional market. In EU, the presence of noteworthy marketers and giant tech
players such as Microsoft Corporation, IBM Corporation, and Amazon Web
Services, can support the expansion of the blockchain-as-a-service market in
the region in the years to come. In Asia Pacific, the regional
blockchain-as-a-service market is expected to boom due to the gradual rise in
the application of blockchain solutions in cash rich BFSI and retail industry.
The blockchain-as-a-service market in Asia Pacific is expected to generate the
highest revenue for the global market in the years ahead. The rise of the
market in MEA is gradual.
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Report Details @ https://www.marketresearchfuture.com/reports/blockchain-service-market-7942
Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
Application Management Services
Market
Open Source Intelligence (OSINT)
Market
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