Global Blockchain-as-a-Service Market is Expected to Register a CAGR of Over 15.2%, During the Forecast Period (2019-2024)
This report helps to analyze competitive developments such as Joint Ventures, Strategic Alliances, Mergers and Acquisitions, New Product Developments, And Research And Developments in the “Global Blockchain-as-a-Service Market”.
(EMAILWIRE.COM, July 18, 2019 )
What does this “Blockchain-as-a-Service Market” report offers:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Market Overview
The Blockchain as a Service Market is expected to register a CAGR of over 15.2%, during the forecast period (2019-2024).
- With the expansion of the cryptocurrency market, in December 2017, many new users have gained knowledge about blockchain and cryptocurrency, and started exploring the same. Thus, there has been a rapid rise of blockchain and cryptocurrency users. The bitcoin blockchain market has witnessed a steep rise over the past few years.
- Blockchain is often called the technology of trust, as they do not have a single point of failure and cannot be changed from a single computer. Furthermore, blockchain allows for the use of tools, like “smart contracts,” which may potentially automate manual processes, from compliance and claims processing, to distributing the contents of a will. These are some of the desirable features, which are encouraging the BFSI industry to leverage blockchain.
- Blockchain requires huge investment when it comes to setting up infrastructure and maintaining it. It is much more resource intensive, as compared to traditional databases. It also consumes a huge amount of energy and requires huge bandwidth, which the developing countries are struggling for.
Get More Details Request Latest and Updated PDF Sample of Blockchain-as-a-Service Market report@ http://www.arcognizance.com/enquiry-sample/381267
Scope of the Report
Blockchain-as-a-service is ideal for organizations that outsource their technological aspects, and are not involved in understanding the working mechanism of the blockchain. The market is gaining traction with SMEs, due to the flexibility of the nature of transactions, and also, as it is supported by security and cost-effective features. Efficient blockchain services are required to secure the identity of digital entities and online authentication of personal identities, which drives the demand for blockchain-as-a-service offerings.
Key Market Trends
BFSI is Expected to Occupy the Largest Market Share
- Blockchain-as-a-service offerings are revolutionizing the BFSI industry, as banks and financial service companies are among the most heavily invested enterprises exploring blockchain technology.
- This is due to the many, highly valuable decentralized applications of this technology, thereby giving rise to new business models in various areas, such as cross-border payments, remittance, exchanges, internet banking, trade finance, Know Your Customers (KYC), and risk and compliance.
- However, it is still in the nascent stage in the market, owing to which the banks and financial institutions are exploring the viable possibilities of this technology, and investing into the same, which is likely to boost the market growth.
Check Discount@ http://www.arcognizance.com/discount/381267
Asia-Pacific is Expected to Witness the Highest Growth Rate
- After May 2018, the Chinese government has been promoting the adoption of blockchain technology, due to its multiple advantages. Majority of mining operations take place in China.
- A leading global ICT (information and communications technology) solutions provider, Huawei, announced the launch of its hyperledger-based blockchain service in April 2018, in China, to enable companies to develop smart contracts on top of a distributed ledger network for several use-case scenarios.
- Moreover, in Thailand, the government positively accepted cryptocurrency projects. Thai regulators established cryptocurrency licenses in 2018, to enable exchanges and ICOs. Clear and specific guidelines have been drawn for foreign blockchain businesses.
- Furthermore, the South Korean government also spent USD 880 million on blockchain development for 2019. Owing to all these factors, Asia-Pacific is expected to witness the fastest growth rate over the forecast period.
Competitive Landscape
The potential of blockchain-as-a-service has been recognized by few of the world’s largest software companies. The three big cloud providers, Amazon, Microsoft, and IBM, have developed blockchain-as-a-service platforms that are already available for their cloud customers. Blockchain startups are also hiring freelancers for a better talent pool.
Purchase this Report@ http://www.arcognizance.com/purchase/381267
- March 2019 - Tata Consultancy Services (TCS) collaborated with Microsoft and R3 technology (R3), to adopt a scalable cross-industry blockchain platform. Some of the anchor solutions that are being built on these platforms include skills marketplace, anti-counterfeiting of luxury goods, affordable mobility, and shared telecom infrastructure for 5G, and loyalty and rewards programs.
- February 2019 - IBM made the IBM Food Trust solution "generally available", and the latest company to experiment with this solution is Albertsons Companies, the world’s second-largest supermarket company, by sales.
Major Point of TOC:
Chapter One: INTRODUCTION
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
Chapter Five: MARKET SEGMENTATION
Chapter Six: COMPETITIVE LANDSCAPE
Chapter Seven: INVESTMENT ANALYSIS
Chapter Eight: MARKET OPPORTUNITIES AND FUTURE TRENDS
About Us:
Analytical Research Cognizance is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics" based on the data collection facilities of big data, the face of "business research facilities" has changed drastically.
Contact Us:
Matt Wilson
Manager - Global Sales
Analytical Research Cognizance
+1 (646) 434-7969, +91 90967 44448
sales@arcognizance.com
What does this “Blockchain-as-a-Service Market” report offers:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Market Overview
The Blockchain as a Service Market is expected to register a CAGR of over 15.2%, during the forecast period (2019-2024).
- With the expansion of the cryptocurrency market, in December 2017, many new users have gained knowledge about blockchain and cryptocurrency, and started exploring the same. Thus, there has been a rapid rise of blockchain and cryptocurrency users. The bitcoin blockchain market has witnessed a steep rise over the past few years.
- Blockchain is often called the technology of trust, as they do not have a single point of failure and cannot be changed from a single computer. Furthermore, blockchain allows for the use of tools, like “smart contracts,” which may potentially automate manual processes, from compliance and claims processing, to distributing the contents of a will. These are some of the desirable features, which are encouraging the BFSI industry to leverage blockchain.
- Blockchain requires huge investment when it comes to setting up infrastructure and maintaining it. It is much more resource intensive, as compared to traditional databases. It also consumes a huge amount of energy and requires huge bandwidth, which the developing countries are struggling for.
Get More Details Request Latest and Updated PDF Sample of Blockchain-as-a-Service Market report@ http://www.arcognizance.com/enquiry-sample/381267
Scope of the Report
Blockchain-as-a-service is ideal for organizations that outsource their technological aspects, and are not involved in understanding the working mechanism of the blockchain. The market is gaining traction with SMEs, due to the flexibility of the nature of transactions, and also, as it is supported by security and cost-effective features. Efficient blockchain services are required to secure the identity of digital entities and online authentication of personal identities, which drives the demand for blockchain-as-a-service offerings.
Key Market Trends
BFSI is Expected to Occupy the Largest Market Share
- Blockchain-as-a-service offerings are revolutionizing the BFSI industry, as banks and financial service companies are among the most heavily invested enterprises exploring blockchain technology.
- This is due to the many, highly valuable decentralized applications of this technology, thereby giving rise to new business models in various areas, such as cross-border payments, remittance, exchanges, internet banking, trade finance, Know Your Customers (KYC), and risk and compliance.
- However, it is still in the nascent stage in the market, owing to which the banks and financial institutions are exploring the viable possibilities of this technology, and investing into the same, which is likely to boost the market growth.
Check Discount@ http://www.arcognizance.com/discount/381267
Asia-Pacific is Expected to Witness the Highest Growth Rate
- After May 2018, the Chinese government has been promoting the adoption of blockchain technology, due to its multiple advantages. Majority of mining operations take place in China.
- A leading global ICT (information and communications technology) solutions provider, Huawei, announced the launch of its hyperledger-based blockchain service in April 2018, in China, to enable companies to develop smart contracts on top of a distributed ledger network for several use-case scenarios.
- Moreover, in Thailand, the government positively accepted cryptocurrency projects. Thai regulators established cryptocurrency licenses in 2018, to enable exchanges and ICOs. Clear and specific guidelines have been drawn for foreign blockchain businesses.
- Furthermore, the South Korean government also spent USD 880 million on blockchain development for 2019. Owing to all these factors, Asia-Pacific is expected to witness the fastest growth rate over the forecast period.
Competitive Landscape
The potential of blockchain-as-a-service has been recognized by few of the world’s largest software companies. The three big cloud providers, Amazon, Microsoft, and IBM, have developed blockchain-as-a-service platforms that are already available for their cloud customers. Blockchain startups are also hiring freelancers for a better talent pool.
Purchase this Report@ http://www.arcognizance.com/purchase/381267
- March 2019 - Tata Consultancy Services (TCS) collaborated with Microsoft and R3 technology (R3), to adopt a scalable cross-industry blockchain platform. Some of the anchor solutions that are being built on these platforms include skills marketplace, anti-counterfeiting of luxury goods, affordable mobility, and shared telecom infrastructure for 5G, and loyalty and rewards programs.
- February 2019 - IBM made the IBM Food Trust solution "generally available", and the latest company to experiment with this solution is Albertsons Companies, the world’s second-largest supermarket company, by sales.
Major Point of TOC:
Chapter One: INTRODUCTION
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
Chapter Five: MARKET SEGMENTATION
Chapter Six: COMPETITIVE LANDSCAPE
Chapter Seven: INVESTMENT ANALYSIS
Chapter Eight: MARKET OPPORTUNITIES AND FUTURE TRENDS
About Us:
Analytical Research Cognizance is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics" based on the data collection facilities of big data, the face of "business research facilities" has changed drastically.
Contact Us:
Matt Wilson
Manager - Global Sales
Analytical Research Cognizance
+1 (646) 434-7969, +91 90967 44448
sales@arcognizance.com
Contact Information:
Analytical Research Cognizance
Avanti dengale
Tel: 16464347969
Email us
----
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Analytical Research Cognizance
Avanti dengale
Tel: 16464347969
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results