The blockchain as a service market was valued at US$268.517 million in 2018 and is expected to grow at a CAGR of 77.32% over the forecast period to reach a total market size of US$8,346.297 million by 2024. The 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. The 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.
The Blockchain as a Service Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by offering, enterprise size, end-user industry, and geography.
The blockchain as a service market has been segmented based on offering, enterprise size, end-user industry, and geography. By offering, the market has been segmented on the basis of tools and services. By enterprise size, the market has been segmented as small, medium and large. By end-user industry, the market has been segmented as BFSI, communication, and technology, healthcare, manufacturing, transportation and logistics, government, others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa (MEA), and the Asia Pacific regions. The report also analyzes 16 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the blockchain as a service market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the blockchain as a service market.
The blockchain as a service market has been segmented by offering, enterprise size, end-user industry, and geography.