Blockchain as a Service (BaaS) Market Dynamics, SWOT Analysis and Forecast to 2030| Key Players – Amazon Web Services Inc., ConsenSys, Dragonchain Inc., EY, IBM, KPMG, Microsoft – Amite Tangy Digest – Amite Tangy Digest

Global Blockchain as a Service (BaaS) Market Report published by Absolute Markets Insights provides a comprehensive analysis of the present and future scenario of the global market and offers industry revenue and development status. The report explains various market growth factors like market size, share, demands, industry trends, growth and opportunities. The study includes various strategies, market status, future market scenario and business development plans adopted by top key players. It also focuses on Blockchain as a Service (BaaS) Market driving factors as well as keeps updates regarding different growth tasks happening in the global market.
Rapid adoption of blockchain across industry verticals along with advancement in technology is anticipated to showcase significant growth opportunities for global blockchain as a service (BaaS) market over the forecast period. In terms of revenue, blockchain as a service (BaaS) market was valued at US$ 2749.24 in 2020 growing at a CAGR of 34.5% over the forecast period (2021 – 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
Some of the Key Players Operating in the Global Blockchain as a Service (BaaS) Market include: Amazon Web Services Inc., ConsenSys, Deloitte Touche Tohmatsu Limited, Dragonchain Inc., EY, Hewlett Packard Enterprise Development LP, IBM, KPMG, Microsoft, Multiledgers Administração de Nuvens S.A., Oracle, Peer Ledger Inc., PwC, R3, SAP SE, Stratis Group Ltd., and VECHAIN.
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The competitive landscape of the market study contains a broader analysis on the regions including North America, Europe, Asia Pacific, The Middle East and Africa, Latin America which are expected to capture the core essence of the market in its widest category. The list covers significant players that manage the industry based on overall system production capabilities, environmental contributions, appropriate channels, and territorial nearness through a system of primary and secondary research methodologies further followed by an in-house analytical model. Furthermore, income generated and a generalized market share for the market is showcased with the help of charts, graphs, and tables. In addition, the report also contains major collaborations, mergers and acquisitions, leading market trends, and business policies are evaluated. The study contains primary and secondary information that pertains to the Blockchain as a Service (BaaS) market in terms of global status, market size, growth forecasts, trends, segments and a detailed forecast.
Blockchain-as-a-service (BaaS) refers to third-party cloud-based infrastructure and management system, which aids companies in building and operating blockchain apps. Functioning like a sort of web host, BaaS runs the back-end operation for a blockchain based app or platform. It allows customers to leverage cloud-based solutions in order to build, host, and operate their own blockchain apps, along with carrying out other blockchain-related functions. At the same time, the cloud-based service provider keeps the infrastructure agile as well as operational.
Many factors are driving the growth of global blockchain as a service (BaaS) market but the most important factor is the ease of adoption, which allows organizations using blockchain as a service (BaaS) to focus on their core jobs as the service providerzs takes the responsibility of setting up of IT infrastructure facilities required. Many key players in the global blockchain as a service (BaaS) market have introduced platforms where users can easily test, and deploy blockchain apps that are secure in nature. Many banks and insurance companies are taking interest in blcokchain technology. Blockchain gained popularity due to its use in cryptocurrency sector. The increasing use of cryptocurrency is also increasing the demand as well as market for blockchain as a service (BaaS). Concerns pertaining to outsourced security management is restricting the growth of global blockchain as a service (BaaS) market. The responsibility for security in blockchain as a service (BaaS) falls to the provider. If there are vulnerabilities in the BaaS platform or IT infrastructure of a business organization, then despite well-managed onsite security, business can fall victim to malicious attacks.
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This study presents insights on COVID-19 in consumer behavior and shifts in demand, purchasing patterns, supply chain reorganization, market forces dynamics and substantial government involvement. The new research provides insights, analyses, estimates and forecasts in view of COVID-19’s effect on the markets. The Blockchain as a Service (BaaS) market report delivers a solid watch on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends and a generalized overview of the market. The Blockchain as a Service (BaaS) market is a detailed study packed with primary and secondary market drivers, market share, leading segments, and an apt geographical analysis.
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