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Blockchain As A Service Market Size, Share, Industry Trends and Forecast to 2030

Blockchain As A Service Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Blockchain As A Service Market Size & CAGR

The global Blockchain As A Service market is expected to reach a market size of USD 10.5 billion by the end of 2021, with a Compound Annual Growth Rate (CAGR) of 32.84% from 2021 to 2026. The increasing adoption of blockchain technology across various industries and the growing demand for secure and transparent transactions are driving the market growth.

COVID-19 Impact on the Blockchain As A Service Market

The COVID-19 pandemic has had a significant impact on the Blockchain As A Service market. The outbreak of the virus led to disruptions in supply chains, changes in consumer behavior, and economic slowdown, affecting the adoption of blockchain technology. However, the need for secure and decentralized systems to facilitate remote work and online transactions has also boosted the demand for Blockchain As A Service solutions.

Blockchain As A Service Dynamics

The Blockchain As A Service market is driven by factors such as the increasing need for data security, transparency, and efficiency in business operations. The adoption of blockchain technology by various industries, including finance, healthcare, and supply chain management, is fueling the market growth. Moreover, the rising trend of digital transformation and the growing emphasis on data privacy and integrity are further contributing to the expansion of the Blockchain As A Service market.

Segments and Related Analysis

The Blockchain As A Service market can be segmented based on deployment type, organization size, and industry vertical. By deployment type, the market is categorized into public, private, and hybrid. In terms of organization size, the market can be divided into small and medium enterprises (SMEs) and large enterprises. Based on industry vertical, the market segments include banking, financial services, and insurance (BFSI), healthcare, IT and telecommunications, and others.

By Region Analysis

The Blockchain As A Service market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest market share due to the early adoption of blockchain technology and the presence of key market players in the region. Europe and Asia Pacific are also anticipated to witness significant growth in the Blockchain As A Service market.

Key Market Players and Competitive Landscape

Some of the key players in the Blockchain As A Service market include IBM, Microsoft, Amazon Web Services (AWS), Oracle, SAP, Accenture, BitFury Group, Baidu, Huawei, and Alibaba Cloud. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to maintain their market position and gain a competitive edge.

Recent Happenings in the Blockchain As A Service Market

- In October 2021, IBM announced the launch of IBM Blockchain Platform version 2.0, offering enhanced security and scalability features for enterprises. - In March 2022, Microsoft introduced Azure Blockchain Service for businesses looking to build blockchain applications on the Azure cloud platform. - Amazon Web Services (AWS) partnered with ConsenSys to deliver Ethereum-based solutions to customers in the blockchain space. - Oracle announced the availability of Oracle Blockchain Service for enterprises to streamline transaction processing and data security.

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