Global Blockchain-as-a-Service Market Size Study, by Organization Size, by Application, by Vertical and Regional Forecasts 2022-2032

Description

Global Blockchain-as-a-Service Market is valued at approximately USD 3.16 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 40.55% over the forecast period 2024-2032. Blockchain-as-a-Service (BaaS) is an emerging technology offering businesses third-party creation and management of cloud-based networks for blockchain applications. By operating similarly to a web host, BaaS enables enterprises to leverage the advantages of blockchain technology without the complexities of developing and maintaining blockchain infrastructure. Its applications span diverse industries, including finance, supply chain, healthcare, and identity management, catering to both small startups and large enterprises. The demand for BaaS is driven by the increasing adoption of blockchain technology across various sectors, the need for enhanced operational efficiency and transparency, and the growing demand for secure blockchain services.

Moreover, continuous investments and partnerships by leading tech companies are accelerating the growth of the BaaS market. However, challenges such as security concerns, lack of standardization and interoperability between different blockchain platforms, and a shortage of skilled professionals hinder market growth. On the positive side, the expanding scope of blockchain technology into new industries presents numerous opportunities, including the development of hybrid blockchain technology and integrating AI and machine learning with blockchain.

The key regions considered for the global Blockchain-as-a-Service Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Blockchain-as-a-Service Market in terms of revenue. The market growth in the region is being attributed to factors including presence of major tech companies and early adoption of blockchain technologies. The region's demand for BaaS is fueled by various industries, including finance, healthcare, and supply chain. Strategic partnerships and M&A activities are notable trends driving innovation and expanding BaaS portfolios. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by rapid technology adoption, shows significant interest in BaaS, with China and Japan at the forefront of research and development.

Major market players included in this report are:

Accenture PLC
Alibaba Cloud International by Alibaba Group Holding Limited
Amazon Web Services, Inc.
Baidu, Inc.
Bitfury Holding B.V.
Blockedge Technologies Inc. by SecureKloud Technologies
Chainstack Pte. Ltd.
Consensys Software Inc.
Dragonchain, Inc.
Hewlett Packard Enterprise Company
IBM Corporation
Infosys Limited
Oracle Corporation
SAP SE
Tata Consultancy Services Limited

The detailed segments and sub-segment of the market are explained below:

By Organization Size

Large Enterprises
SMEs

By Application

Governance, Risk, & Compliance Management
Identity Management
Payments
Smart Contracts
Supply Chain Management

By Vertical

BFSI
Energy & Utilities
Government & Public Sector
Healthcare
Manufacturing
Retail & eCommerce
Transportation & Logistics

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Blockchain-as-a-Service Market Executive Summary

1.1. Global Blockchain-as-a-Service Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Organization Size
- 1.3.2. By Application
- 1.3.3. By Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Blockchain-as-a-Service Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Blockchain-as-a-Service Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing adoption of blockchain technology across various industries
- 3.1.2. Rising need for operational efficiency and transparency
- 3.1.3. Growing demand for secure and reliable blockchain services
3.2. Market Challenges
- 3.2.1. Security concerns related to blockchain services
- 3.2.2. Lack of standardization and interoperability
- 3.2.3. Shortage of skilled professionals
3.3. Market Opportunities
- 3.3.1. Expansion into new industry domains
- 3.3.2. Development of hybrid blockchain technology
- 3.3.3. Integration of AI and machine learning with blockchain

Chapter 4. Global Blockchain-as-a-Service Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Blockchain-as-a-Service Market Size & Forecasts by Organization Size 2022-2032

5.1. Segment Dashboard
5.2. Global Blockchain-as-a-Service Market: Organization Size Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Large Enterprises
- 5.2.2. SMEs

Chapter 6. Global Blockchain-as-a-Service Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Blockchain-as-a-Service Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Governance, Risk, & Compliance Management
- 6.2.2. Identity Management
- 6.2.3. Payments
- 6.2.4. Smart Contracts
- 6.2.5. Supply Chain Management

Chapter 7. Global Blockchain-as-a-Service Market Size & Forecasts by Vertical 2022-2032

7.1. Segment Dashboard
7.2. Global Blockchain-as-a-Service Market: Vertical Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. BFSI
- 7.2.2. Energy & Utilities
- 7.2.3. Government & Public Sector
- 7.2.4. Healthcare
- 7.2.5. Manufacturing
- 7.2.6. Retail & eCommerce
- 7.2.7. Transportation & Logistics

Chapter 8. Global Blockchain-as-a-Service Market Size & Forecasts by Region 2022-2032

8.1. North America Blockchain-as-a-Service Market
- 8.1.1. U.S. Blockchain-as-a-Service Market
  - 8.1.1.1. Organization Size breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Vertical breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Blockchain-as-a-Service Market
8.2. Europe Blockchain-as-a-Service Market
- 8.2.1. U.K. Blockchain-as-a-Service Market
- 8.2.2. Germany Blockchain-as-a-Service Market
- 8.2.3. France Blockchain-as-a-Service Market
- 8.2.4. Spain Blockchain-as-a-Service Market
- 8.2.5. Italy Blockchain-as-a-Service Market
- 8.2.6. Rest of Europe Blockchain-as-a-Service Market
8.3. Asia-Pacific Blockchain-as-a-Service Market
- 8.3.1. China Blockchain-as-a-Service Market
- 8.3.2. India Blockchain-as-a-Service Market
- 8.3.3. Japan Blockchain-as-a-Service Market
- 8.3.4. Australia Blockchain-as-a-Service Market
- 8.3.5. South Korea Blockchain-as-a-Service Market
- 8.3.6. Rest of Asia Pacific Blockchain-as-a-Service Market
8.4. Latin America Blockchain-as-a-Service Market
- 8.4.1. Brazil Blockchain-as-a-Service Market
- 8.4.2. Mexico Blockchain-as-a-Service Market
- 8.4.3. Rest of Latin America Blockchain-as-a-Service Market
8.5. Middle East & Africa Blockchain-as-a-Service Market
- 8.5.1. Saudi Arabia Blockchain-as-a-Service Market
- 8.5.2. South Africa Blockchain-as-a-Service Market
- 8.5.3. Rest of Middle East & Africa Blockchain-as-a-Service Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Accenture PLC
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Alibaba Cloud International by Alibaba Group Holding Limited
- 9.3.3. Amazon Web Services, Inc.
- 9.3.4. Baidu, Inc.
- 9.3.5. Bitfury Holding B.V.
- 9.3.6. Blockedge Technologies Inc. by SecureKloud Technologies
- 9.3.7. Chainstack Pte. Ltd.
- 9.3.8. Consensys Software Inc.
- 9.3.9. Dragonchain, Inc.
- 9.3.10. Hewlett Packard Enterprise Company
- 9.3.11. IBM Corporation
- 9.3.12. Infosys Limited
- 9.3.13. Oracle Corporation
- 9.3.14. SAP SE
- 9.3.15. Tata Consultancy Services Limited

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes