Market Overview:
The global blockchain as a service (BaaS) market is expected to grow from USD 6.5 million in 2018 to USD 60.0 million by 2030, at a Compound Annual Growth Rate (CAGR) of 54.8%. The growth of the BaaS market can be attributed to the increasing demand for distributed ledger technology and rising cryptocurrency prices. The tools segment is expected to account for the largest share of the global BaaS market in 2018. The large share of this segment can be attributed to the growing demand for blockchain-based platforms and tools among enterprises across different industries. The Banking, Financial Services, and Insurance (BFSI) sector is expected to account for the largest share of the global BaaS market in 2018.
 Industry Outlook.svg)
Product Definition:
Blockchain as a Service (BaaS) is a model for delivering blockchain technology as a service. BaaS allows enterprises to access the benefits of blockchain technology without having to develop the underlying infrastructure or manage the associated complexities. The importance of Blockchain as a Service (BaaS) is that it provides an easy way for enterprises to adopt blockchain technology, without having to invest in developing their own infrastructure.
Tools:
The global tools market is expected to reach USD 2.1 billion by 2022, growing at a CAGR of XX% over the forecast period. The growth can be attributed to the increasing demand for automation in developing countries such as India and China, which are witnessing an upsurge in blockchain technology adoption for various applications such as digital payments and smart contracts among others.
Services:
The services include database backup & recovery, data scaling, security audit and monitoring. The usage of these services in the BaaS market will help to reduce operational costs for blockchain as a service providers.
Blockchain as a Service (BaaS) Market Size, Share & Trends Analysis Report By Component (Services and Technology), By Deployment Type (On-premise.
Application Insights:
The banking, financial services, and insurance application segment led the market in 2017. The adoption of blockchain technology in this sector has increased significantly over the past year. Blockchain helps reduce counterparty risk by eliminating intermediaries. Thus, it is being adopted across various sectors to improve efficiency and transparency while conducting transactions or settling accounts.
BaaS providers offer solutions that help banks manage their infrastructure costs while improving operational efficiency and reducing overall exposure to cyber-attacks or frauds by 50%. Moreover, these companies also provide a variety of solutions including private blockchain for internal corporate use as well as public blockchains for external interactions such as trade finance applications among others which are highly secure due to its distributed nature. These factors are likely to drive the market growth over the forecast period (2018 - 2030).
The telecom and IT application segment accounted for more than 11% share of global revenue in 2017 owing to increasing demand from customers regarding using blockchain platforms within their organizations.
Regional Analysis:
The North American regional market is anticipated to dominate the global market in terms of revenue share. The growth can be attributed to the increasing adoption of cloud-based solutions by enterprises for various business processes, such as accounting, banking, and record management. Moreover, growing investments in R&D activities are expected to fuel industry expansion over the forecast period.
Asia Pacific is projected to emerge as a lucrative regional market over the next few years owing to significant developments taking place at a rapid pace across several industries in China and India. These countries have been making continuous efforts towards digitization with an aim toward reducing manual procedures and enhancing operational efficiency within their respective governments as well as across numerous sectors including healthcare & life sciences; telecom & IT; government & public utilities; logistics & warehousing; manufacturing; energy & power etc.; which has led them into being dubbed “BaaS hubs†by some industry experts/analysts.
Growth Factors:
- Increased demand for transparency and security in business processes: Blockchain as a Service offers a transparent and secure way to conduct business transactions. This is driving increased demand for BaaS solutions from businesses of all sizes.
- The increasing popularity of cryptocurrencies: The popularity of cryptocurrencies is fueling interest in blockchain technology, which is the underlying technology behind Bitcoin and other digital currencies.
- The growing number of use cases for blockchain: Blockchain has been successfully deployed in a number of industries, including finance, healthcare, supply chain management, and more. This is driving increased interest in BaaS solutions from businesses that want to take advantage of the benefits blockchain can offer them.
- The development of new blockchain platforms: A number of new blockchain platforms are emerging that offer features not found on older platforms like Bitcoin or Ethereum Classic . These new platforms are attracting developers who want to build applications on top them, which is driving growth in the BaaS market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Blockchain as a Service (BaaS) Market Research Report
By Type
Tools, Services
By Application
Banking, Financial Services, and Insurance, Healthcare, Telecom and IT, Government and Public Utilities, Aerospace and Defense, Retail
By Companies
Microsoft, SAP, Deloitte, Accenture, Oracle, AWS, Cognizant, Infosys, PwC, Baidu, Huawei, HPE, IBM, Capgemini, NTT Data, TCS, Mphasis, Wipro, Waves Platform, KPMG, Ey, Stratis, Consensys, L&T Infotech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Blockchain as a Service (BaaS) Market Report Segments:
The global Blockchain as a Service (BaaS) market is segmented on the basis of:
Types
Tools, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services, and Insurance, Healthcare, Telecom and IT, Government and Public Utilities, Aerospace and Defense, Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microsoft
- SAP
- Deloitte
- Accenture
- Oracle
- AWS
- Cognizant
- Infosys
- PwC
- Baidu
- Huawei
- HPE
- IBM
- Capgemini
- NTT Data
- TCS
- Mphasis
- Wipro
- Waves Platform
- KPMG
- Ey
- Stratis
- Consensys
- L&T Infotech
 Market Overview.svg)
Highlights of The Blockchain as a Service (BaaS) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tools
- Services
- By Application:
- Banking, Financial Services, and Insurance
- Healthcare
- Telecom and IT
- Government and Public Utilities
- Aerospace and Defense
- Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Blockchain as a Service (BaaS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Blockchain as a Service (BaaS) is a cloud-based platform that allows organizations to develop, deploy and manage blockchain applications. BaaS providers offer customizable platforms that allow users to build, test and deploy blockchain applications with little or no coding required.
Some of the key players operating in the blockchain as a service (baas) market are Microsoft, SAP, Deloitte, Accenture, Oracle, AWS, Cognizant, Infosys, PwC, Baidu, Huawei, HPE, IBM, Capgemini, NTT Data, TCS, Mphasis, Wipro, Waves Platform, KPMG, Ey, Stratis, Consensys, L&T Infotech.
The blockchain as a service (baas) market is expected to register a CAGR of 54.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blockchain as a Service (BaaS) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blockchain as a Service (BaaS) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blockchain as a Service (BaaS) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blockchain as a Service (BaaS) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blockchain as a Service (BaaS) Market Size & Forecast, 2020-2028
4.5.1 Blockchain as a Service (BaaS) Market Size and Y-o-Y Growth
4.5.2 Blockchain as a Service (BaaS) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Tools
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Financial Services
6.2.3 and Insurance
6.2.4 Healthcare
6.2.5 Telecom and IT
6.2.6 Government and Public Utilities
6.2.7 Aerospace and Defense
6.2.8 Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blockchain as a Service (BaaS) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blockchain as a Service (BaaS) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Tools
9.6.2 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Financial Services
9.10.3 and Insurance
9.10.4 Healthcare
9.10.5 Telecom and IT
9.10.6 Government and Public Utilities
9.10.7 Aerospace and Defense
9.10.8 Retail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Tools
10.6.2 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Financial Services
10.10.3 and Insurance
10.10.4 Healthcare
10.10.5 Telecom and IT
10.10.6 Government and Public Utilities
10.10.7 Aerospace and Defense
10.10.8 Retail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Tools
11.6.2 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Financial Services
11.10.3 and Insurance
11.10.4 Healthcare
11.10.5 Telecom and IT
11.10.6 Government and Public Utilities
11.10.7 Aerospace and Defense
11.10.8 Retail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Tools
12.6.2 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Financial Services
12.10.3 and Insurance
12.10.4 Healthcare
12.10.5 Telecom and IT
12.10.6 Government and Public Utilities
12.10.7 Aerospace and Defense
12.10.8 Retail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Tools
13.6.2 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Financial Services
13.10.3 and Insurance
13.10.4 Healthcare
13.10.5 Telecom and IT
13.10.6 Government and Public Utilities
13.10.7 Aerospace and Defense
13.10.8 Retail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blockchain as a Service (BaaS) Market: Competitive Dashboard
14.2 Global Blockchain as a Service (BaaS) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft
14.3.2 SAP
14.3.3 Deloitte
14.3.4 Accenture
14.3.5 Oracle
14.3.6 AWS
14.3.7 Cognizant
14.3.8 Infosys
14.3.9 PwC
14.3.10 Baidu
14.3.11 Huawei
14.3.12 HPE
14.3.13 IBM
14.3.14 Capgemini
14.3.15 NTT Data
14.3.16 TCS
14.3.17 Mphasis
14.3.18 Wipro
14.3.19 Waves Platform
14.3.20 KPMG
14.3.21 Ey
14.3.22 Stratis
14.3.23 Consensys
14.3.24 L&T Infotech
