Final Report will add the analysis of the impact of COVID-19 on this industry.
The report titled Blockchain-as-a-Service Market has recently added by MarketIntelligenceData to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
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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Top Companies operating in the Global Blockchain-as-a-Service market profiled in the report:– 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.
Key Market Trends
BFSI is Expected to Occupy the Largest Market Share
– Blockchain-as-a-service offerings are revolutionizing the BFSI industry, as banks and financial service companies are among the most heavily invested enterprises exploring blockchain technology.
– This is due to the many, highly valuable decentralized applications of this technology, thereby giving rise to new business models in various areas, such as cross-border payments, remittance, exchanges, internet banking, trade finance, Know Your Customers (KYC), and risk and compliance.
– However, it is still in the nascent stage in the market, owing to which the banks and financial institutions are exploring the viable possibilities of this technology, and investing into the same, which is likely to boost the market growth.
Market Segment by Applications, covers:
IT and Telecom
Energy and Utilities
Regional Analysis For Blockchain-as-a-Service Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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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.
Blockchain-as-a-Service Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Blockchain-as-a-Service Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
MarketIntelligenceData provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketIntelligenceData 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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