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PRESS RELEASE

Published April 24, 2023

The Worldwide Blockchain as a Service Market size was estimated at USD 829 million in 2021 and is expected to hit around USD 84.6 billion by 2030, expected to grow at a CAGR of 60.31% during the forecast period 2022 to 2030.

Blockchain as a Service (BaaS) has enabled companies of all sizes to employ blockchain-based solutions without investing in internal development teams and processes. Businesses can utilize the service of the blockchain provider and build blockchain apps for very little money by using the BaaS paradigm.

Several reasons are driving the blockchain as a service market. The growing use of blockchain technology across a variety of sectors, such as finance, healthcare, and logistics, is one of the key motivators. BaaS makes it possible for businesses to leverage blockchain technology without having to make substantial infrastructure and hardware investments. The rising demand for transparent and secure data management systems is another factor. BaaS can offer a safe and open platform for data sharing and storing, which can help businesses increase productivity, cut costs, and manage risk.

The blockchain as a service market is expanding as a result of the advent of smart contracts. Smart contracts can automate intricate procedures like financial transactions and supply chain management, obviating the need for middlemen and increasing productivity. Finally, the blockchain as a service market business is also being driven by the growing popularity of cloud computing. Blockchain technology may now be used by businesses from anywhere in the globe thanks to cloud-based solutions, facilitating data sharing and collaboration between various platforms and devices.

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Key players:

The blockchain as a service market is developing quickly, and a number of new trends are influencing the sector. The growing emphasis on interoperability and standardization is one of the major themes. As more businesses implement blockchain technology, it is crucial to ensure that various platforms can efficiently connect. The increasing need for decentralized finance (DeFi) solutions is another trend. DeFi makes it possible to perform financial transactions on a decentralized network without the use of mediators. BaaS can offer a reliable and effective platform for DeFi solutions, making transactions quicker and more affordable.

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Market Segmentation:

Blockchain as a Service Market,Based on End-User:

Blockchain as a Service Market,Based on Application:

Blockchain as a Service Market,Based on Organization Size:

Blockchain as a Service Market,Based on Verticals:

Blockchain as a Service Market,Based on Region:

North America

Europe

APAC

MEA

Latin America

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Key benefits of the Report:

Table of Contents: Blockchain As A Service Market

Chapter 1: Overview of Blockchain As A Service Market

Chapter 2: Market Driving Factor Analysis

Chapter 3: Global Market Status and Forecast by Regions

Chapter 4: Global Market Status and Forecast by Types

Chapter 5: Market Competition Status by Major Manufacturers

Chapter 6: Major Manufacturers Introduction and their Market Data

Chapter 7: Upstream and Downstream Analysis

Chapter 8: SWOT Analysis, PESTEL Analysis, PORTE 5 Forces.

Chapter 9: Cost and Gross Margin Analysis

Chapter 10: Sales Channels, Distributors, Traders, and Dealers

Chapter 11: Marketing Status Analysis

Chapter 12: Market Report Conclusion

Chapter 13: Blockchain As A Service Market Research Methodology and Reference

Chapter 14: Appendix

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