The Global Blockchain-as-a-Service Market size was valued at around USD 4.3 Billion in 2024 and is projected to reach USD 68 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 58% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Global Blockchain-as-a-Service Market Driver:
Rising Security Concerns to Spur the Growth of Blockchain-as-a-Service – Blockchain offers safe business transactions by protecting records with cryptography. Numerous end-use industries such as healthcare, BFSI, media, entertainment, automotive, etc. depend on the accuracy timeliness, and reliability of data stored in blockchain. Furthermore, the BFSI sector benefits from the deployment of blockchain technology by establishing more secure networks for digital transactions and gaining the confidence of consumers to trade and invest in cryptocurrencies. For instance; JP Morgan’s Kinexys (formally Onyx) blockchain network processes an average of more than USD 2 billion daily in transaction volume providing accurate and timely cross-border payments and settlements with payment transactions grown by 10x year over year. Secure digital ledger technology has also become more popular among businesses as a result of the pandemic’s acceleration in the adoption of cloud-based digital platforms. This is driving the market towards growth as companies are using Blockchain-as-a-Service to achieve higher levels of operational security and transparency.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Blockchain-as-a-Service Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Offering
- Tools- Market Size & Forecast 2020-2030, USD Million
- Services- Market Size & Forecast 2020-2030, USD Million
- By Application
- Supply Chain Management- Market Size & Forecast 2020-2030, USD Million
- Smart Contracts- Market Size & Forecast 2020-2030, USD Million
- Financial Payments- Market Size & Forecast 2020-2030, USD Million
- Others (Identity Management, Governance, Risk & Compliance (GRC) management)
- By Organization Size
- Small and Medium Enterprise (SME)- Market Size & Forecast 2020-2030, USD Million
- Large Enterprise- Market Size & Forecast 2020-2030, USD Million
- By End User
- BFSI- Market Size & Forecast 2020-2030, USD Million
- IT & Telecom- Market Size & Forecast 2020-2030, USD Million
- Retail & Commerce- Market Size & Forecast 2020-2030, USD Million
- Transport & Logistics- Market Size & Forecast 2020-2030, USD Million
- Healthcare & Life Sciences- Market Size & Forecast 2020-2030, USD Million
- Automotive- Market Size & Forecast 2020-2030, USD Million
- Others (Energy & Utility, Media & Entertainment, etc.)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – IBM Corporation, SAP SE, Oracle, Microsoft Corporation, Alibaba, Baidu, Inc., Accenture, NTT Data Corporation, Infosys Limited, Stratis Group, VMware, Inc., Huawei Cloud, Tata Consultancy Services (TCS), Wipro Limited, R3 (Corda) and others are looking forward to strengthening their market positions.
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