Blockchain as a Service Market - Forecasts from 2018 to 2023
The Blockchain as a Service market was valued at US$XX.XX billion in 2017 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2023. Rapid growth of cloud computing is one of the major factors driving the growth of this market. Increasing scalability offered by cloud storage and declining cost of bandwidth in many regions is fueling the growth of ‘as-a-service’ ecosystem as players across industries increase their focus towards their core business and reducing business risks while improving their margins by significantly cutting down on high upfront costs associated with implementing a solution. Increasing popularity of blockchain across the globe has been attracting many players into this market who offer Blockchain as a Service at affordable prices. This is increasing their adoption, thus boosting the growth of this market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Blockchain as a Service value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Major industry players profiled as part of the report are Microsoft Corporation, Hewlett-Packard Enterprise, IBM, SAP SE, Stratis, Amazon Web Services, Oracle Corporation, R3, VeChain Foundation, BLOCKO and Blockstream, Inc.
The Blockchain as a Service market is segmented by offering, enterprise size, application, end-user industry, and geography.
By Enterprise Size
Supply Chain Management
Governance, Risk, and Compliance Management
By End-User Industry
Communication and Technology
Transportation and Logistics
Energy and Power
Media and Entertainment
Middle East and Africa
Key Questions answered by the report
What is the Blockchain as a Service market size from 2018 to 2023?
How are the major drivers and restraints affecting the Blockchain as a Service market and the opportunities which exist for the key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants behaviour
Key strategies being adopted by vendors, with in-depth analysis of their impact on competition and market growth.
Amazon Web Services