Blockchain as a Service (BaaS) Market: Market Dynamics, Future Revenue, Growth, Business Prospects and Forecast 2021-2030 | Amazon Web Services Inc., ConsenSys, Deloitte Touche Tohmatsu Limited, Dragonchain Inc., EY – Otterbein 360 – Otterbein 360

Absolute Markets Insights issued new statistical data titled as Blockchain as a Service (BaaS) Market. The report provides a detailed description of factual records in addition to a penetrative insight into existing strategies along with future predictions about Blockchain as a Service (BaaS) Market. The report examines market scope by means of primary and secondary research methodologies, used to provide effective data to make ensure erudite business decisions. The report also studies rising demands, applications, and end-users by providing in-depth information on different global regions such as North America, Latin America, Asia-Pacific, Europe, and India. This provides an in-depth knowledge on Blockchain as a Service (BaaS) Market sector. Additionally, the important company profiles have been studied from the point of view of SWOT and Porter’s five analysis techniques. This information especially provides understanding of the market on both domestic as well as on the global level. Moreover, the report covers economic facts of the businesses such as (pricing structures, profit margins, and shares). For a accurate study of the report, these facts are presented graphically by means of graphs, charts, tables, and pictures.
The report presents significant industry key players such as 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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In terms of revenue, blockchain as a service (BaaS) market was valued at US$ 2749.24 Mn in 2020 growing at a CAGR of 34.5% over the forecast period (2021 – 2030)
Blockchain-as-a-service (BaaS) is defined as a set of third-party creation and management of cloud-based networks that is used by companies, which are engaged in the business of building blockchain applications. The use blockchain as a service (BaaS) is increasing in various industries which is accelerating the growth of global blockchain as a service (BaaS) market. Starbucks is working with Microsoft to develop new blockchain-based supply chain tracking system and mobile app. Joint blockchain node are being offered in many countries as part of the government programme to digitize and automate public service systems in rural areas through blockchain. With the release of a new service called ‘Paperless’, Samsung SDS is expanding into cloud-based Blockchain-as-a-Service (BaaS) areas, promising to improve reliability and transparency. This service can safely manage documents that are prone to forgery.
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Some of the key questions answered in this report:
The growth of blockchain technology and its increasing use is contributing towards the growth of global blockchain as a service (BaaS) market. Technological advancements have increased due to growing demand for easier reconciliation, faster processing, and greater transparency on fees as many companies are primarily using blockchain as a service (BaaS) for making and receiving online payments. Demand for better cyber security is another factor amplifying the growth of blockchain as a service (BaaS) market.
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Global Blockchain as a Service (BaaS) Market:
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