MarkNtel Advisors, a foremost research, consulting, and data analytical establishment, has recently issued a comprehensive research study on “Blockchain as a Service Market Size, Share, Analysis, Sales Forecast 2022-2027”. In the report we have stressed on putting forward a high-level understanding of the market & its various applications to assist the client in better analyzing the industry & its diverse sections.
What does the Study Entails in Blockchain as a Service Market Research Report?
· By following rigorous research methodologies, our well-qualified researchers & analysts have put emphasize upon the market size, yearly growth, potential growth factors, profitable opportunities, and several other impactful details.
· The study consists restraints, supply demand risks & pattern, unbiased statistics, as well as complete analysis of the historic, present & future period.
· The SWOT & Porter's Five Forces Analysis frameworks have also been included to highlight the report's primary findings.
· The Blockchain as a Service Market's attractiveness is outlined in the study, putting an emphasis on the services, mode of operation, and end users.
· The crucial aspects of the market consisting of industry research, competitive intelligence, market entry strategy, pricing trends, sustainability trends, customer insights, technology evolution, innovation trends, and distribution channel assessment are also enlisted in the report
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Explore the Key Insights & Dynamic of the Blockchain as a Service Market
Key Driver: Rising Security Concerns to Spur the Growth of Blockchain as a Service
Blockchain provides secured business transactions as records are secured through cryptography. Data stored in blockchain are reliable, accurate, timely, and readily available, due to which various end-use industries, including healthcare, BFSI, media & entertainment, automotive, etc., are incorporating blockchain technology.
Further, the blockchain implementation in the BFSI sector helps the industry to create more secure networks for conducting digital transactions & gain the trust of customers to invest & trade through cryptocurrency. Moreover, the outburst of COVID-19 accelerated the adoption of cloud-based digital platforms, which led companies to increase their interest in secured digital ledger technology.
Thus, with the adoption of blockchain as a service, companies are enhancing their operations, security, and transparency levels to new heights.
Getting Familiar with the Top Players in the Blockchain as a Service Market
Market players are the major role-players contributing to the growth of any industry. In this study, you’ll get a chance to identify them, their recent developments, the latest innovations or inventions, and many more. Look forward to knowing them:
- IBM Corporation
- SAP SE
- Oracle
- Microsoft Corporation
- Alibaba
- Baidu, Inc.
- Accenture
- NTT Data Corporation
- Infosys Limited
- Stratis Group
- VMware, Inc.
- Huawei Cloud
- Tata Consultancy Services (TCS)
- Wipro Limited
- R3 (Corda)
- Others (Hewlett Packard Enterprise, VeChain Foundation, Oodles Technologies, etc.)
Recent Developments in the Blockchain as a Service Market:
· In 2019, MIMOS Berhad, Malaysia’s National Applied Research and Development Centre, in collaboration with Oracle, announced its plans to leverage the blockchain platform to improve traceability, trust, and other supply chain processes to enhance the ease of doing business in Malaysia.
· In 2019, Microsoft Corp., in a strategic partnership with J.P. Morgan, announced to accelerate the adoption of enterprise blockchain. Under the partnership, J.P. Morgan developed a distributed ledger platform, Quorum, which is accessible through Azure Blockchain Service & would enable customers to build cloud-based blockchain networks.
· In 2018, Amazon launched the Amazon Managed Blockchain Service that underpinned blockchain networks & records millions of transactions.
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Analyzing the Blockchain as a Service Market on Geographical Foundation
The Blockchain as a Service Market has a presence in diverse geographies. Let’s dig in & know about them:
Based on Offering
- Tools
- Services
Based on Application
- Supply Chain Management
- Smart Contracts
- Financial Payments
- Others (Identity Management, Governance, Risk & Compliance (GRC) Management)
Based on Organization Size
- Small & Medium Enterprises
- Large Enterprises
Based on End-User
- BFSI
- IT & Telecom
- Retail & Commerce
- Healthcare
- Energy & Utility
- Automotive
- Others (Education, Media & Entertainment, etc.)
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Geographically, the Blockchain as a Service Market expands across the following:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Key Highlights to Consider Our Blockchain as a Service Market Research Report
· We aspire to provide explicit insights into the very market by accentuating the influencing growth elements & opportunistic scopes of the industry.
· Urge on delivering an exhaustive summary of the value chain & explore market trends with Porter's five forces model
· Examine competitive headway like joint ventures, mergers & acquirements, new product unveilings, and R&D investments in the Blockchain as a Service Market.
· Our Analyst recognize the key organizations & thoroughly scrutinize the market position in terms of ranking & core competencies.
Note: The Blockchain as a Service Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry's prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market
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About us –
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfill their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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