New York, Global Blockchain as a Service (BaaS) Market report from Global Insight Services is the single authoritative source of intelligence on Blockchain as a Service (BaaS) Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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BaaS is a cloud-based service that allows customers to build, host, and use their own blockchain applications, smart contracts, and functions on a cloud platform. The service provides a complete infrastructure for blockchain application development, including a virtual private network, a distributed ledger, a smart contract compiler, and a blockchain explorer. BaaS also offers a number of pre-built applications and services that can be used to create a variety of blockchain-based applications, including distributed ledgers, digital identity management systems, and supply chain management systems.
Key Players
The global market including some of the major players such as Huawei Technologies Co. Ltd, Amazon Web Services, Oracle Corporation, Baidu, Waves Platform, Hewlett Packard Enterprise, IBM, SAP, Stratis, and Microsoft.
Key Trends
There are a few key trends in Blockchain as a Service technology. First, we are seeing a move towards more centralized solutions. This is because many organizations are looking for ways to reduce costs and increase efficiency. Centralized solutions offer a number of advantages, including the ability to scale more easily and the ability to offer more features and functionality.
Second, we are seeing a trend towards more private and permissioned blockchains. This is because there is a growing recognition of the need for privacy and security when it comes to storing and managing data. Private and permissioned blockchains offer a number of advantages, including the ability to control who has access to data and the ability to ensure that data is only accessible to authorized users.
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Market Segmentation
The market is segmented by offering, organizational size, end-user and region. By offering, the market is segmented into tools and services. By organizational size, the market is bifurcated into SME’s and Large Enterprises. By end-user, the market is classified into BFSI, FMCG, healthcare, manufacturing and others . By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Key Drivers
The key drivers of Blockchain as a Service (BaaS) market are the increasing demand for cloud-based services, the need for faster and more efficient transactions, and the growing adoption of blockchain technology by enterprises.
The demand for cloud-based services is increasing as enterprises move away from traditional on-premise solutions. Cloud-based solutions are more flexible and scalable, and offer pay-as-you-go pricing models that can save enterprises money.
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