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Global Blockchain-as-a-Service Market (2021-2026) by Component, Business Application, Organization Size, Industry, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

  • ID: 5410385
  • Report
  • June 2021
  • Region: Global
  • 187 pages
  • Infogence Global Research
until Nov 30th 2021
The Global Blockchain-As-A-Service Market is Estimated to be USD 2.31 Bn in 2021 and is Expected to Reach USD 15.8 Bn by 2026, Growing at a CAGR of 46.9%


  • Accenture
  • Baidu Internet Company
  • ConsenSys
  • Larsen & Toubro Infotech
  • Mphasis
  • SAP
  • MORE
The Global Blockchain-as-a-Service Market is estimated to be USD 2.31 Bn in 2021 and is expected to reach USD 15.8 Bn by 2026, growing at a CAGR of 46.9%.

Market Dynamics

Amongst small and medium firms, there is an increase in the adoption of blockchain-as-a-service (BaaS) tools and services to create their blockchain application, payment system, and smart contracts, which drives the market growth during the predicted period. Organizations are leveraging numerous advantages of BaaS services, comprising security, high immutability capability, cost-effectiveness, secure decentralization, and others. Further, the evolvement of cryptocurrency and growing investment in several projects based on blockchain services technology by nations such as the U.S., Japan, the U.K, and others is likely to propel the market size during the forecast period.

One of the evolving market drivers is the escalating adoption of distributed ledger technology (DLT) based on advanced analytics. Blockchain services based on the Distributed Ledger Technology (DLT) system assist in monitoring and trading through digital currency and offering data sharing in real-time in a secure mode. However, uncertain regulatory & government standards and shortage of funds & investments are anticipated to restrict BaaS market growth.

Market Segmentation

The Global Blockchain-as-a-Service Market is segmented further based on Component, Business Application, Organization Size, Industry, and Geography.

By Component, the market is classified as Tools and Services. Amongst the two, the Services segment is estimated to hold the highest market share during the forecast period.

By Business Application, the market is classified as Supply Chain Management, Payments, Identity Management, Smart Contracts, Governance, Risk, And Compliance Management (GRC), and Others. Amongst all, the Payments segment is estimated to hold the highest market share during the forecast period.

By Organization Size, the market is classified as Large Enterprises and Small & Medium-Sized Enterprises (SMEs). Amongst the two, the Large Enterprises segment is estimated to hold the highest market share during the forecast period.

By Industry, the market is classified as Banking, Financial Services, And Insurance (BFSI), Healthcare and Life Sciences, Transportation and Logistics, Retail and eCommerce, Government and Public Sector, Manufacturing, Energy and Utilities, Telecom and I.T., Media And Entertainment, and Others. Amongst all, the Telecom and I.T. segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Accenture Introduces Blockchain Procurement Solution. - 22nd January 2020

Company Profiles

Some of the companies covered in this report are International Business Machines Corporation (IBM), Microsoft, Oracle, SAP, Waves Platform, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Blockchain-as-a-Service Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Note: Product cover images may vary from those shown


  • Accenture
  • Baidu Internet Company
  • ConsenSys
  • Larsen & Toubro Infotech
  • Mphasis
  • SAP
  • MORE
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders

2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook

4 Market Influencers
4.1 Drivers
4.1.1 Cost-Effective Bandwidth, Computing, and Data Storage
4.1.2 Rising Need for Automation, Security, and Transparency in Transactions
4.1.3 Growing Need to Reduce Risk and Complexity
4.2 Restraints
4.2.1 Threats of Cyber-Attacks
4.2.2 Technical Complexities and Operational Overhead
4.3 Opportunities
4.3.1 Increasing Investment in Blockchain Technology
4.3.2 Increasing Adoption Across Various Industrial Verticals
4.4 Challenges
4.4.1 Lack of Regulatory Standards
4.4.2 Low Awareness of Blockchain Technology
4.5 Trends

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis

6 Global Blockchain-as-a-Service Market, By Component
6.1 Introduction
6.2 Tools
6.3 Services

7 Global Blockchain-as-a-Service Market, By Business Application
7.1 Introduction
7.2 Supply Chain Management
7.3 Payments
7.4 Identity Management
7.5 Smart Contracts
7.6 Governance, Risk, And Compliance Management (GRC)
7.7 Others

8 Global Blockchain-as-a-Service Market, By Organization Size
8.1 Introduction
8.2 Large enterprises
8.3 Small and Medium-Sized Enterprises (SMEs)

9 Global Blockchain-as-a-Service Market, By Industry
9.1 Introduction
9.2 Banking, Financial Services, and Insurance (BFSI)
9.3 Healthcare and Life Sciences
9.4 Transportation and Logistics
9.5 Retail and Ecommerce
9.6 Government and Public Sector
9.7 Manufacturing
9.8 Energy and Utilities
9.9 Telecom and IT
9.10 Media and Entertainment
9.11 Others

10 Global Blockchain-as-a-Service Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 South America
10.3.1 Brazil
10.3.2 Argentina
10.3.3 Chile
10.3.4 Colombia
10.4 Europe
10.4.1 UK
10.4.2 France
10.4.3 Germany
10.4.4 Italy
10.4.5 Spain
10.4.6 Netherlands
10.4.7 Sweden
10.4.8 Russia
10.4.9 Rest of Europe
10.5 Asia-Pacific
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4 Indonesia
10.5.5 Malaysia
10.5.6 South Korea
10.5.7 Australia
10.5.8 Sri Lanka
10.5.9 Thailand
10.5.10 Rest of APAC
10.6 Middle-East and Africa
10.6.1 Qatar
10.6.2 Saudi Arabia
10.6.3 South Africa
10.6.4 United Arab Emirates

11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements

12 Company Profiles
12.1 International Business Machines Corporation (IBM)
12.2 Microsoft
12.3 Oracle
12.4 SAP
12.5 Waves Platform
12.6 Hewlett Packard Enterprise (HPE)
12.7 Baidu Internet Company
12.8 Stratis Group Limited
12.9 Amazon Web Services (AWS)
12.10 Huawei Huawei Technologies
12.11 Accenture
12.12 Factom
12.13 PricewaterhouseCoopers (PwC)
12.14 Infosys
12.15 Tata Consultancy Services (TCS)
12.16 Capgemini
12.17 Cognizant
12.18 NTT Data
12.19 ConsenSys
12.20 Wipro
12.21 LeewayHertz
12.22 Larsen & Toubro Infotech
12.23 ScienceSoft
12.24 Applicature
12.25 Mphasis

13 Appendix
13.1 Questionnaire
Note: Product cover images may vary from those shown
  • International Business Machines Corporation (IBM)
  • Microsoft
  • Oracle
  • SAP
  • Waves Platform
  • Hewlett Packard Enterprise (HPE)
  • Baidu Internet Company
  • Stratis Group Limited
  • Amazon Web Services (AWS)
  • Huawei Huawei Technologies
  • Accenture
  • Factom
  • PricewaterhouseCoopers (PwC)
  • Infosys
  • Tata Consultancy Services (TCS)
  • Capgemini
  • Cognizant
  • NTT Data
  • ConsenSys
  • Wipro
  • LeewayHertz
  • Larsen & Toubro Infotech
  • ScienceSoft
  • Applicature
  • Mphasis
Note: Product cover images may vary from those shown