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Blockchain-as-a-Service Market Set to Expand from $7.87

Published 1 month agoโ€ข 5 minute read

Blockchain-as-a-Service Market

The ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at USD 7.87 billion in 2023 and is projected to grow at a robust CAGR of 37%, reaching nearly USD 71.35 billion by 2030.

๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

Blockchain-as-a-Service is a cloud-based solution enabling businesses to deploy, manage, and monitor blockchain applications without extensive infrastructure costs. It leverages economies of scale to provide secure, scalable, and efficient services across various industries. The market's rapid growth is fueled by blockchain's application in diverse sectors, including supply chain management, identity verification, and financial services. Increasing adoption of blockchain for secure and transparent operations is driving its integration across small, medium, and large enterprises globally.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ:https://www.stellarmr.com/report/req_sample/Blockchain-as-a-Service-Market/283

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The rising demand for secure and transparent supply chain management, driven by the need for operational efficiency and trust, is a primary growth driver. Additionally, the surge in eCommerce and digital transformation post-COVID-19 has amplified the adoption of blockchain in payments and identity management. SMEs are adopting BaaS solutions to enhance scalability, flexibility, and cost-effectiveness, further accelerating market expansion. The synergy between blockchain and IoT and its potential to revolutionize sectors like healthcare and logistics are also significant contributors.

๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The integration of blockchain with AI and IoT is emerging as a dominant trend, enabling smarter and more secure decentralized applications. Smart contracts and automated processes are gaining traction across industries such as BFSI and government. Furthermore, blockchain adoption in digital identity management and compliance is witnessing exponential growth. The increasing focus on sustainability and traceability, especially in sectors like energy and retail, is driving innovation in blockchain-based solutions.

๐“๐ก๐ž ๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ ๐œ๐š๐ง ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:https://www.stellarmr.com/report/enquire_now/Blockchain-as-a-Service-Market/283

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's Blockchain-as-a-Service market is expanding rapidly, supported by the government's push for digital transformation and blockchain adoption. The market grew by 16.2% in 2023, with increased applications in supply chain management and financial services. Companies like IBM and Microsoft are collaborating with Vietnamese startups to enhance blockchain integration across various industries.

๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's focus on fintech innovation and digital ecosystems is driving growth in the BaaS market. The market recorded a 15.8% growth in 2023, fueled by increasing adoption in the banking and retail sectors. Key players such as Oracle and Alibaba Cloud are introducing tailored BaaS solutions to cater to Thailand's growing demand for secure and efficient blockchain systems.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง'๐ฌ ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

Japan's advanced technology infrastructure and regulatory support are fostering significant growth in the BaaS market. The market expanded by 15.5% in 2023, with notable applications in identity management and cryptocurrency exchanges. Companies like Fujitsu and NTT Data are leading the market with innovative blockchain platforms designed for Japanese enterprises.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š'๐ฌ ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

South Korea's strong emphasis on technology and digitalization is driving the adoption of Blockchain-as-a-Service. The market grew by 16.3% in 2023, with rising demand for blockchain solutions in healthcare and logistics. Companies such as Samsung SDS and LG CNS are at the forefront, offering advanced blockchain platforms to enhance efficiency and security.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž'๐ฌ ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

Singapore's position as a global fintech hub is boosting the adoption of Blockchain-as-a-Service. The market recorded an 18% growth in 2023, supported by increased applications in trade finance and real estate. Companies like Amazon Web Services (AWS) and Hyperledger are collaborating with local enterprises to accelerate blockchain adoption in Singapore's digital economy.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’ ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

The United States remains the largest market for Blockchain-as-a-Service, accounting for over 40% of global revenue in 2023. The growth is driven by significant investments in blockchain technology across sectors like banking, insurance, and supply chain management. Major players like IBM, Amazon Web Services (AWS), and Microsoft Azure are introducing comprehensive BaaS platforms to cater to the diverse needs of US enterprises.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž'๐ฌ ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

Europe's Blockchain-as-a-Service market is thriving, driven by strong regulatory support and the adoption of blockchain in government services. The market grew by 15.4% in 2023, with countries like Germany, France, and the UK leading in adoption. Companies such as SAP and Oracle are investing in blockchain-based platforms to cater to Europe's demand for transparency and security in digital transactions.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ฎ๐ฅ๐ฅ ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @https://www.stellarmr.com/report/req_sample/Blockchain-as-a-Service-Market/283

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ:

By Application

Supply Chain Management
Smart Contracts
Identity Management
Payments
Governance, Risk, and Compliance Management
Others

By Organization Size

SMEs
Large enterprises

By Vertical

BFSI
Healthcare
Manufacturing
Retail and eCommerce
Transportation and Logistics
Government and Public Sector
Energy and Utilities

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.stellarmr.com/report/Blockchain-as-a-Service-Market/283

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง-๐š๐ฌ-๐š-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

IBM
Microsoft
SAP
AWS
Oracle
Huawei
R3
HPE
Wipro
Infosys
Bitfury
Factom
LeewayHertz
Altoros
VeChain

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐’๐ญ๐ž๐ฅ๐ฅ๐š๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

โ™ฆEuropean Cable Connector Market https://www.stellarmr.com/report/European-Cable-Connector-Market/102

โ™ฆMiddle East and Africa Cable Connector Market https://www.stellarmr.com/report/Middle-East-and-Africa-Cable-Connector-Market/108

โ™ฆEurope Air Purifier Market https://www.stellarmr.com/report/Europe-Air-Purifier-Market/132

โ™ฆNorth America Paper Packaging Market https://www.stellarmr.com/report/North-America-Paper-Packaging-Market/158

โ™ฆEurope Paper Packaging Market https://www.stellarmr.com/report/Europe-Paper-Packaging-Market/162

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐’๐ญ๐ž๐ฅ๐ฅ๐š๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
[email protected]

๐€๐›๐จ๐ฎ๐ญ ๐’๐ญ๐ž๐ฅ๐ฅ๐š๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.

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