Blockchain-as-a-Service Market 2020 | Size, growth, demand, opportunities and forecasts up to 2027

The size of the global blockchain-as-a-service (BaaS) market is set to reach $ 24.94 billion by 2027, showing an impressive CAGR of 39.5% during the forecast period. The multiple benefits of BaaS for small and medium-sized enterprises (SMEs) will fuel market growth, says Fortune Business Insights ™ in its recent report, titled “Blockchain-as-a-Service (BaaS) Market size, share and sector analysis, by component (tool and service), by application (smart contracts, supply chain management, payments, governance, risk and compliance management and others (identity management)), By Sector (BFSI, Energy and Utilities, Government, Healthcare and Life Sciences, Manufacturing, Telecommunications, Media and Entertainment, Retail and Consumer Goods, Travel and Transportation, and Others ( education etc.)) and regional forecasts, 2020-2027“.

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/blockchain-as-a-service-baas-market-102721

Blockchain technology is emerging as an optimal solution to many of the challenges faced by SMEs such as accessing commercial finance, bank loans and cash flow difficulties, among other issues. SMEs wishing to expand their businesses into foreign lands can gain wider access to trade finance sources using BaaS as this technology is decentralized and excludes intermediaries from the process. The World Economic Forum (WEF) believes blockchain technology could be instrumental in bridging the gap in trade finance around the world. Similar benefits can be achieved by SMEs in the context of supply chain processes. Therefore, these potential benefits of blockchain for SMEs will provide a significant boost to the growth of the BaaS market in the coming years.

Do you have any question? Talk to the analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/blockchain-as-a-service-baas-market-102721

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has had an unprecedented impact on companies across all sectors. However, this too will pass. The growing support from governments and various companies can help in the fight against this highly contagious disease. There are some industries that are struggling and others are thriving. Overall, almost all sectors are expected to be affected by the pandemic.

We are continually striving to help your business sustain and grow during the COVID-19 pandemics. Based on our experience and expertise, we will offer you an analysis of the impact of the coronavirus outbreak across all sectors to help you prepare for the future.

Click here to learn about the short and long term impact of COVID-19 on this market.

Please visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/blockchain-as-a-service-baas-market-102721

Regional analysis

Increase investment in Blockchain technology to lead the market in North America

In 2019, the market size in North America stood at $ 1.01 billion due to the vast number of blockchain development projects being undertaken in the United States. One of the main reasons for the widespread development and adoption of BaaS tools in North America is the strong presence of small, medium and large technology companies operating in the United States. This, coupled with the growing integration of BaaS solutions with utilities, will enable the region to dominate the blockchain-as-a-service market share in the near future.

In Asia-Pacific, the market will be driven primarily by increasing investments in blockchain technology by the Chinese government and advances in complex information technologies in Japan and South Korea. The BaaS market report states that Asia-Pacific will register the CAGR highest during the forecast period. In Europe, the growing attention of established players on blockchain technology will propel the market in the near future.

Customization request: https://www.fortunebusinessinsights.com/enquiry/customization/blockchain-as-a-service-baas-market-102721

Industry developments:

  • May 2019: Microsoft and JP Morgan have announced their partnership to promote the advancement and adoption of the enterprise blockchain. As part of the partnership, JP Morgan’s Quorum distributed ledger platform will be made accessible through Microsoft’s Azure Blockchain service to enable customers to build cloud-based blockchain networks.

April 2018: Huawei unveiled its new BaaS solution, called Blockchain Service, based on Hyperledge Fabric 1.0 from the Linux Foundation. The solution is designed to help companies design smart contracts by focusing on supply chain, securitized assets and utilities, as well as a network of distributed ledgers.

Buy Comprehensive Report for Exclusive Blockchain-as-a-Service (BaaS) Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/102721

Other exclusive reports:

The radar sensor market will increase to 19.7% CAGR through 2026; A growing number of strategic partnerships will drive market growth, says Fortune Business Insights ™

The radar sensor market will increase to 19.7% CAGR through 2026; A growing number of strategic partnerships will drive market growth, says Fortune Business Insights ™

The radar sensor market will increase to 19.7% CAGR through 2026; A growing number of strategic partnerships will drive market growth, says Fortune Business Insights ™

The radar sensor market will increase to 19.7% CAGR through 2026; A growing number of strategic partnerships will drive market growth, says Fortune Business Insights ™

The radar sensor market will increase to 19.7% CAGR through 2026; A growing number of strategic partnerships will drive market growth, says Fortune Business Insights ™

The radar sensor market will increase to 19.7% CAGR through 2026; A growing number of strategic partnerships will drive market growth, says Fortune Business Insights ™

The radar sensor market will increase to 19.7% CAGR through 2026; A growing number of strategic partnerships will drive market growth, says Fortune Business Insights ™

About us:

Fortune Business Insights ™ delivers expert business analytics and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, helping them to address distinct challenges for their businesses. Our goal is to provide our clients with holistic market intelligence by providing a granular overview of the market in which they operate.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of expert analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights ™, we aim to highlight the most profitable growth opportunities for our clients. Therefore, we offer advice, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact us:
Fortune Business Insights ™ Pvt. Ltd.
308, Supreme Headquarters,
Survey n. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
United States: +1 424 253 0390
United Kingdom: +44 2071 939123ac
APAC: +91 744 740 1245
E-mail: [email protected]

Source link