A recent research study by MarkNtel Advisors, a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals, cited that the Global Blockchain as a Service Market is projected to grow at a CAGR of around 46.75% during the forecast period, i.e., 2022-27 The report methodically analyses several aspects that have influenced the market dynamics in the past few years.
Apart from this, the probable factors, based on primary & secondary research, which shall shape the Global Blockchain as a Service Market landscape in the future have also been included in the study to make stakeholders well-versed with the industry and help them stay ahead of their competitors. Moreover, to ensure that the analysis is accurate & precise, our analysts deeply examine the recent market patterns as well as historical milestones to project lucrative prospects while facilitating exponential growth for businesses.
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Key Trend in the Market: Blockchain-based NFTs Becoming a Next Big Thing for Enterprise
The adoption of blockchain is creating several opportunities for enterprises by enabling seamless trading, exchanging, and sharing of digital representations, which are likely to spur new blockchain-based innovations. Further, as blockchain brought fungibility to the digital space & enabled exchanged value in the form of cryptocurrencies, now it is bringing non-fungibility to the digital space in the form of Non-fungible tokens (NFTs). NFTs are tokens used to represent ownership of unique items, such as art, collectibles, or even real estate. Furthermore, NFTs have potential applications in Metaverse & gaming platforms.
Moreover, the growing adoption of Metaverse can accommodate a wide range of NFTs, from cosmetic items to virtual property, digital passes, etc., which would pave new ways to share & enjoy virtual experiences. In addition, another application of NFT is in gaming, where it is extensively popular in play-to-earn games such as Axie Infinity. Therefore, NFTs are becoming a key feature of blockchain as a service in the future.
Key Offerings from the Global Blockchain as a Service Market Research Report:
- Estimated CAGR of the Global Blockchain as a Service Marketduring 2022-27.
- Detailed insights into factors expected to drive and challenge the growth of the Global Blockchain as a Service Marketin the coming years
- Precise estimation of the size of the Global Blockchain as a Service Market
- Accurate predictions about upcoming trends in the Global Blockchain as a Service Marketand changes in consumer behavior
- Growth of the Global Blockchain as a Service Marketacross different
- An in-depth analysis of the Global Blockchain as a Service Market’s competitive dynamics and detailed information about key vendors
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Competitive Benchmarking in the Global Blockchain as a Service Market
The prominent players profiled in the Global Blockchain as a Service Market are
-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)
-Others
Each company operating in this industry is vetted based on their products’ values, abilities, and other significant characteristics. The study also covers numerous mergers & acquisitions, along with the recent products launched by these players, to familiarize the stakeholders with the most recent market trends.
How has the Global Blockchain as a Service Market been segmented?
The report comprehensively analyses each high-performing segment, elucidating the factors contributing to their success and larger market share. It examines their significant impact on the Global Blockchain as a Service Market regarding sales, expansion, job opportunities, and other crucial factors. Categorizing the components as follows:
By Offering
-Tools
-Services
By Application
-Supply Chain Management
-Smart Contracts
-Financial Payments
-Others (Identity Management, Governance, Risk & Compliance (GRC) Management)
By Organization Size
-Small & Medium Enterprises
-Large Enterprises
By End-User
-BFSI
-IT & Telecom
-Retail & Commerce
-Healthcare & Life Sciences
-Automotive
-Others (Energy & Utility, Media & Entertainment, etc.)
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
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Key Questions Answered in Global Blockchain as a Service Market Report:
- What are the growth projections for the Global Blockchain as a Service Market during 2022-27?
- What are the different patterns, obstacles, & trends will affect the growth and scope of the Global Blockchain as a Service Market?
- What are the critical opportunities for each segment & sub-segment enlisted in the Global Blockchain as a Service Market research report?
- What are the primary growth tactics used by the leading participants operating in the Global Blockchain as a Service Market?
Note: We also offer customized research services & reports tailored to meet our client's specific requirements, including market sizing, demand & supply assessment, company profiling, competitive assessment, & trend analysis, among others, to help them succeed in today's fast-paced markets.
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