Blockchain as a Service Market Size, Share, Growth Analysis, By Component(Platforms, Services (Professional Services), By Provider(Cloud Service Providers (CSPs), Third-Party Service Providers), By Application(Supply Chain Management, Smart Contracts) - Industry Forecast 2024-2031

Q: What is the global market size of Blockchain As A Service Market?

Global Blockchain As A Service Market size was valued at USD 1.62 billion in 2022 and is poised to grow from USD 2.55 billion in 2023 to USD 94.43 billion by 2031, growing at a CAGR of 57.10% during the forecast period (2024-2031).

Report ID: SQMIG40F2002 | Region: Global | Published Date: April, 2024
Pages: 207 | Tables: 93 | Figures: 76

Blockchain as a Service Market News

September 2023: Ripple, a cryptocurrency enterprise, discovered its plans to purchase Fortress Trust, a startup famend for its knowledge in crypto infrastructure. This acquisition no longer only presents Ripple with a license in Nevada but also opens avenues for growth beyond its primary awareness on blockchain-enabled bills.

January 2024: Etherscan, the block explorer, has obtained Solscan, a well-known block explorer in the Solana surroundings. This strategic pass objectives to decorate the accessibility of blockchain records throughout various networks, in step with the organization's announcement.

Blockchain as a Service Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Blockchain As A Service Market size was valued at USD 1.62 billion in 2022 and is poised to grow from USD 2.55 billion in 2023 to USD 94.43 billion by 2031, growing at a CAGR of 57.10% during the forecast period (2024-2031).

The competitive environment of the Blockchain as a Service marketplace is dynamic and is characterized by using a mixture of hooked up gamers and emerging entrants vying for marketplace share and technological management. Key players in the BaaS marketplace encompass each essential generation groups and specialised blockchain provider carriers. Established cloud provider companies (CSPs) frequently dominate by way of imparting comprehensive BaaS solutions with incorporated services. 'IBM', 'Microsoft Azure', 'Amazon Web Services (AWS)', 'SAP', 'Oracle', 'R3', 'Accenture', 'Huawei', 'HPE', 'Wipro', 'Infosys', 'Alibaba Cloud', 'Chainlink', 'ConsenSys', 'Blockdaemon', 'Hyperledger Fabric', 'Microsoft Azure Blockchain Service', 'EY', 'KPMG', 'PwC'

The increasing adoption of blockchain generation across industries is a primary driving force. Organizations international are spotting the transformative capacity of blockchain in improving transparency, security, and performance in various enterprise procedures. BaaS solutions offer a streamlined approach to deploying and managing blockchain networks, reducing the complexity associated with in-house implementations.

Rising Integration Of Blockchain With Emerging Technologies: The growing integration of blockchain with rising technology, inclusive of artificial intelligence and the Internet of Things (IoT). This convergence complements the talents of BaaS answers, fostering greater comprehensive and complex packages. Moreover, there is a developing trend towards the development of enterprise-precise BaaS structures tailored to the particular wishes of sectors like finance, healthcare, and supply chain.

North America is predicted to dominate the Blockchain as a Service (BaaS) marketplace. The region's dominance is attributed to its superior technological infrastructure, full-size investments in blockchain studies and improvement, and the significant adoption of rising technology in industries inclusive of finance, healthcare, and deliver chain. Additionally, a excessive level of focus and favorable regulatory environments make contributions to North America's management in the BaaS market.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Blockchain as a Service Market Size, Share, Growth Analysis, By Component(Platforms, Services (Professional Services), By Provider(Cloud Service Providers (CSPs), Third-Party Service Providers), By Application(Supply Chain Management, Smart Contracts) - Industry Forecast 2024-2031

Blockchain as a Service Market News

Blockchain as a Service Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Blockchain as a Service Market?

Who are the key vendors in the Blockchain as a Service Market?

What is the key driver of Blockchain as a Service Market?

What is the key market trend for Blockchain as a Service Market?

Which region accounted for the largest share in Blockchain as a Service Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300