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Global Blockchain as a Service Market - Segmented by End-user Vertical (BFSI, Chemical, Energy and Utility, Healthcare, Electronics), and Region - Growth, Trends, and Forecast (2018 - 2023)

Global Blockchain as a Service Market - Segmented by End-user Vertical (BFSI, Chemical, Energy and Utility, Healthcare, Electronics), and Region - Growth, Trends, and Forecast (2018 - 2023)

Blockchain as a Service Market is projected to register a CAGR of over 15% during the forecast period (2018 - 2023). The scope of the report is limited to end user vertical such as BFSI, chemical, energy & utility, healthcare, electronics, and others. The regions considered in the scope of the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study also emphasizes the benefits of blockchain as a service in accordance with diverse application and future prospect of the same.

A blockchain is a continuously mounting list of records called block which is secured and linked utilizing cryptography technology. Even though the technology is on the rise, companies are still reluctant to adopt to the technology owing to rapid technological changes and organizational risks. Blockchain as a service is ideal for the organizations who outsource their technological aspects and do not involve in the understanding of blockchain working mechanism.

Incredible Advantages of Blockchain Technology

On the concept of blockchains such as Ethereum and Hyperledger, a developer can build an application over it to customize as per the company’s need. Blockchain unleashes the technological advancement regarding privacy and security, which is the primary reason for the organizations to invest. This is propelling the demand for blockchain integration and incorporation within the company’s workflow thereby fueling the blockchain as a service market growth over the forecast period. Furthermore, the blockchain technology offers immense benefits for supply chain management in diverse industries with quality assurance, which propels the market growth over the next six years.

BFSI to Have the Largest Share

In the BFSI sector, companies are looking to integrate blockchain technology to enable safe cross-border payment solutions and services. The expanding network of banks across the globe is compelling the banking corporation to incorporate the utilization of blockchain technology to mitigate the risks involved. However, it is still in the nascent stage in the market owing to which the banks and financial institutions are exploring the viable possibility of this technology and investing into the same, which is likely to boost the market growth.

Asia Pacific to Witness the Highest Growth

In Asia Pacific region, the scope for banking and financial institutions are high owing to which the companies are highly investing in the region. China, in particular, has a very high penetration rate of blockchain technology due to a significant increase in mining operations. Additionally, the Chinese government has been promoting the adoption of blockchain technology due to the multiple advantages it offers. For instance, a fund dubbed the Xiong'An Global Blockchain Innovation Fund was been launched by Hangzhou-based venture capital firm Tunlan Investment in April 2018, which will see over $400 million coming from the Hangzhou city government as a guided fund that will be used to invest in promising blockchain projects.

Key Developments in the Market

  • April 2018 - Amazon Web Services announced the launch of blockchain templates, a blockchain as a service which is expected to capture the potential and prospect customers interested in utilizing blockchain technology in their business

Reasons to Purchase this Report
  • The future prospect of the blockchain as a service market and opportunities
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Regional analysis of the market
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 month analyst support, along with the Market Estimate Sheet (in Excel)
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Industry Value Chain
4.3 Factors Driving the Market
4.3.1 Increasing Awareness of Blockchain Technology
4.3.2 Incredible Advantages of Blockchain Technology
4.4 Factors Restraining the Market
4.4.1 Network Speed and Cost Involved can be Volatile
4.5 Industry Attractiveness – Porter's Five Industry Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products or Services
4.5.5 Competitive Rivalry among Existing Competitors
4.6 Technology Snapshot
4.7 Use Cases in Payment and Supply Chain Management
5. Global Blockchain as a Service Market Segmentation
5.1 By End-user Vertical
5.1.1 BFSI
5.1.2 Chemical
5.1.3 Energy and Utility
5.1.4 Healthcare
5.1.5 Electronics
5.1.6 Others
5.2 By Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa
6. Competitive Intelligence – Company Profiles
6.1 Microsoft Corporation
6.2 Hewlett-Packard Enterprise
6.3 IBM Corporation
6.4 SAP SE
6.5 Stratis
6.6, Inc.
6.7 Oracle Corporation
6.8 R3
6.9 VeChain Foundation
6.11 Blockstream, Inc.
6.12 PayStand Inc,
*List Not Exhaustive
7. Investment Analysis
8. Opportunities in Global Blockchain as a Service Market

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