The global blockchain market is expected to reach $28,248.7 million by 2025 from $385.5 million in 2018, growing at a CAGR of 74.1%.
Blockchain as a Service (BaaS) is an offering that allows customers to leverage cloud-based solutions to build, host and use their own blockchain apps, smart contracts and functions on the blockchain while the cloud-based service provider manages all the necessary tasks and activities to keep the infrastructure agile and operational. Due to the increasing interest in the blockchain ecosystem, it is indirectly aiding the blockchain adoption across businesses. Moreover, it is based on, and works similar to, the concept of Software as a Service (SaaS) model. Individuals and businesses are increasingly willing to adapt to blockchain technology.
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The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3 years (2015-2018). The major players operating in the global blockchain market are Amazon (U.S.), IBM (U.S.), Microsoft (U.S.), Ripple (U.S.), Chain, Inc. (U.S.), Earthport (U.K.), Coinbase (U.S.) Bitfury Group (Netherlands), BTL Group (Canada), and Digital Asset Holdings (U.S.), among many others.
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AVP- Global Sales and Marketing
Category: Sales & Marketing