Blockchain-as-a-Service (BaaS) involves the creation, management and maintenance of cloud-based networks for companies that design, develop and build blockchain applications. The emergence of the BaaS model has signalled an important step in the evolution of blockchain technology as it indicates a step away from the initial use case of blockchain, cryptocurrency, marking the expansion of the technology in other areas. At its core, BaaS enables beneficiaries to exploit cloud services to build, host and operate blockchain-based applications without needing to concern themselves with the technical complexities, costs, and operational overhead involved in creating, configuring, maintaining, and operating a blockchain. BaaS offers several pre-built applications and services that can be used to create various blockchain-based applications, including distributed ledgers, digital identity management systems, and supply chain management systems. In terms of components, the BaaS market is segmented into services and tools.
The major factors fuelling the blockchain as a service market include increasing demand for blockchain as a service due to COVID-19 outbreak, growing need for supply chain transparency across verticals and need to reduce risk and complexities and increase in the efficiency of blockchain solutions. Moreover, Blockchain and the Internet of Things and rising government initiatives would provide lucrative opportunities for Blockchain as a service vendors.
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Key Industry Players in the Blockchain as a Service (BaaS) Market:
- · Baidu (China)
- · Capgemini (Paris)
- · Cognizant (US)
- · Consensys(US)
- · Deloitte (UK)
- · Ey (UK)
- · IBM (US)
- · Microsoft (US)
- · SAP SE (Germany)
- · Wipro (India)
- · Infosys (India)
- · Altoros (US)
- · VeChain Foundation (China)
- · Amazon Web Services (AWS) (US)
- · R3 (US)
- · Oracle (US)
- · Huawei (China)
- · HPE (US)
- · BLOCKO (South Korea)
- · Dragonchain (US)
- · Accenture (Ireland)
- · BitFury (Netherlands)
- · Crypto APIs (Bulgaria)
- · Oodles Technologies (India)
- · Chainstack (Singapore)
- · Cryptowerk (US)
- · Morpheus Labs (Singapore)
- · Shipchain (South Carolina), and Other Major Players.
Blockchain as a Service (BaaS) tools are expected to observe a wide adoption during the forecast period as an increasing number of enterprises of all sizes are realizing the benefits offered by these tools. In this study, tools refer to a standalone BaaS platform that cannot be further segmented. BaaS tools in the market enable customers to set up private, public, and consortium-based blockchain environments and provide them with capabilities to develop their own blockchain applications and solutions.
Segmentation Analysis Includes,
By Component:
- Tools
- Services
By Application:
· Supply Chain Management
· Payments
· Risk Compliance Management
· Others
By End Users:
- · BFSI
- · Healthcare Life Sciences
- · Government
- · Retail Consumer Goods
- · Other End-User
By Region:
- · North America (U.S., Canada, Mexico)
- · Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- · Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- · Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- · South America (Brazil, Argentina, Rest of SA)
PESTLE analysis, SWOT analysis, and five-point analysis are just a few of the market analysis techniques included in the documentation of the market research report. The Client will benefit from all of these tactics in understanding the political, social, and economic factors influencing the Blockchain as a Service (BaaS) Market.
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Table of Content
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Blockchain as a service Market by Component
Chapter 6: Blockchain as a service Market by Application
Chapter 7: Blockchain as a service Market by End-User
Chapter 8: Company Profiles and Competitive Analysis
Chapter 9: Global Blockchain as a service Market Analysis, Insights and Forecast, 2016-2028
Chapter 10: North America Blockchain as a service Market Analysis, Insights and Forecast, 2016-2028
Chapter 11: Europe Blockchain as a service Market Analysis, Insights and Forecast, 2016-2028
Chapter 12: Asia-Pacific Blockchain as a service Market Analysis, Insights and Forecast, 2016-2028
Chapter 13: Middle East Africa Blockchain as a service Market Analysis, Insights and Forecast, 2016-2028
Chapter 14: South America Blockchain as a service Market Analysis, Insights and Forecast, 2016-2028
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
To ensure healthcare industry privacy post the outbreak of COVID-19 , blockchain is expected to provide a number of security features, including decentralization, encryption, and cryptography. The COVID-19 pandemic has resulted in an increased demand for eCommerce. To successfully operate in pandemic technologies, such as AI, ML, and Blockchain are beginning to drive innovation strategies of the business which has further fuelled the increase in the adoption of blockchain as a service solution across SMEs. The adoption of fintech and blockchain technology, is enabling enterprises to streamline as well as modernize their operations after the outbreak of COVID-19 pandemic.
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