Blockchain-as-a-Service Market - Competitive Landscape and Regional Trends By 2024
Market Overview Market Research Future (MRFR) believes that the global blockchain-as-a-service (BaaS) market holds the potential to reach a valuation of USD 18,981.66 Million by 2024. The market is said to achieve a remarkable CAGR of 70.63% during the forecast period (2018–2024). Top Drivers and Main Barriers The adoption of blockchain-as-a-service (BaaS) has risen in recent years, as it lets organizations focus on their core jobs and not waste time in setting up of infrastructure facilities. Vendors in North America and Asia Pacific are already ahead in the race, offering a vast range of BaaS. For instance, various organizations in North America like Microsoft, Oracle, IBM, and Amazon are making massive efforts in this field. Microsoft Azure recently launched platforms that allow users to develop, test, and deploy safe and secure blockchain apps. The company charges the users only when they use the service. The company’s blockchain platform is also popular as it offers an insta...