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Microsoft's Blockchain-as-a-Service (Baas) platform took first place in a ranking by the ABI Research forecasting consulting firm.
For the report, Microsoft was able to beat competitors in the ranking thanks to the advantage that it has on the front of the real implementation in which a wide range of platform services is offered.
It also helped Microsoft's BaaS platform be deeply integrated with its Azure cloud service, which holds the second largest market share in the global public cloud services market.
Big blue
IBM came second after Microsoft, and the two companies were ahead of other vendors such as Oracle, Amazon, Alibaba, Baidu, Cisco, SAP, HPE, Huawei and Tencent. ABI Research assessed technology companies based on a wide range of innovation parameters.
"Each supplier has been analyzed on parameters of innovation such as market penetration, proof of concepts and pilots and ecosystem support and implementation metrics such as platform diversity, primary functionality, resources for developers and integration with their solutions" , ABI Research wrote in a press release.
Part of the reason for the dominance of Microsoft and IBM is the fact that they have been in the blockchain space longer than most other vendors, such as the Chinese telecommunications giant Huawei and the behemoth enterprise software Oracle.
Huawei launched its BaaS platform last month, while Oracle unveiled its blockchain platform in May.
$ 7 billion market
This occurs at a time when the BaaS market is expected to reach $ 7 billion in the future, according to an analyst from the Bank of America, Kash Rangan. As reported by CCN in October, Rangan predicted that the multi-billion dollar opportunities presented by the expansion would be gathered by marrying blockchain with the current cloud computing infrastructure and improving some parts of the SaaS platforms (Software-as-a) -Service).
At the time, Rangan provided the example of Microsoft's cloud computing platform, Azure, as a service that would benefit from the integration of BaaS. Other vendors highlighted by Rangan included Amazon, which noted being positioned to obtain blockchain technology as both a cloud service provider and an online retailer.
"Amazon will benefit from incremental demand for cloud services from Blockchain implementation, while better supply chain monitoring should make Amazon's retail operations more efficient," said Rangan wrote in a customer note. .
Bank of America analyst: Blockchain as a market for services to reach $ 7 billion https://t.co/K9Wb3lfTuC
– CCN (@CryptoCoinsNews) 8 October 2018
Rangan's predictions of the value of the BaaS market in the future assume that 2% of servers are destined to manage blockchain at an annual cost per server of $ 5,500.
Some of the technology companies Rangan listed as probably the biggest beneficiaries of the BaaS market expansion but were not analyzed by ABI Research during the compilation of the BaaS platform rankings included VMware and Salesforce.
Images from Shutterstock
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