"The United State Department supports public-private partnerships for maximizing the impact and accountability of foreign assistance, blockchain technology, by bringing transparency to the international trades." and "The United Nations (UN) has even stepped into the world of blockchain, issuing a blog post this week to announce the launch of its Climate Chain Coalition, which includes the exploration of blockchain to facilitate various initiatives in environmental protection."
The article cited AMA's "Global Blockchain-as-a-Service Market Study" explored CAGR of 82.0%. According to the report, BaaS Integration with Internet Of Things
is one of the primary growth factors for the market. Increasing Demand for Software as a Service
is also expected to contribute significantly to the Blockchain-as-a-Service market. Overall, Supply Chain Management
applications of Blockchain-as-a-Service, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Component, such as Tools, is boosting the Blockchain-as-a-Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Varticles, such as BFSI, is boosting the Blockchain-as-a-Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Blockchain-as-a-Service market identified that the demand is rising in many different parts of the world as "Adoption in Number of Applications
". Furthermore, some recent industry insights like "According to the CCN report on November 2018, Microsoft has been ranked as the top blockchain-as-a-service (BaaS) platform provider, beating competitors including IBM. In addition to this, Microsoft has integrated its Baas platform with the Macrosoft Azure Cloud, which shows second-largest market share in the public cloud services market globally." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Blockchain-as-a-Service market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Blockchain-as-a-Service market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.