The North America Blockchain as a Service Market would witness market growth of 52.3% CAGR during the forecast period (2021-2027).
Blockchain as a Service provides an external service provider that assists in establishing all the needed blockchain technology and infrastructure with a cost. Once the infrastructure is created, the providers are able to control the complicated back-end operations for their clients. Moreover, the platform operator also provides support features like suitable allocation of resources, data security features, bandwidth management, and hosting requirements. Further, BaaS provider enables its users to focus on the high-value task viz. the functionality of the blockchain.
Small and medium enterprises are facing several challenges like cash flow difficulties, access to trade financing, bank loans, and other problems and blockchain technology has emerged as the best solution for SMEs. Additionally, these enterprises are focusing on expanding their geographical footprints in foreign nations to gain authority to trade financing sources utilizing BaaS as it can decentralize the data and eliminates the requirement of mediators from the further processes. The World Economic Forum (WEF) proposed that blockchain technology can play a crucial role in facilitating trade financing across the world. SMEs also receive some of the same advantages in supply chain processes. Hence, these benefits offered by blockchain to SMEs would create lucrative growth opportunities for the blockchain as a service market in the forthcoming years.
The Blockchain as a Service market is displaying strong growth in North America, owing to growing investment in blockchain technology. In the past few years, a large number of blockchain development projects were undertaken in the US, which has boosted the growth of the market. Moreover, numerous small, medium, and technology-based enterprises are operating in this region due to which, there is widespread development and deployment of BaaS solutions across the region.
Additionally, substantial growth is witnessed in the integration of BaaS solutions with public essential services, this is anticipated to unlock the growth prospects for the regional BaaS market in the forthcoming period. BaaS is a cloud-based infrastructure that helps enterprises in this region to design and operate their own blockchain applications. Thus, these factors are indicative for the future growth of the regional blockchain as a service market.
The US market dominated the North America Blockchain as a Service (BaaS) Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,320.5 million by 2027. The Canada market is experiencing a CAGR of 60% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 58.7% during (2021 - 2027).
Based on Component, the market is segmented into Tools and Services. Based on Application, the market is segmented into Supply Chain Management, Payments, Identity Management, Smart Contracts, Governance, Risk, & Compliance Management and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail & eCommerce, Manufacturing, Healthcare, Government, Energy & Utilities, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Blockchain as a Service Market is Estimated to reach $17.9 Billion by 2027, at a CAGR of 54.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Amazon Web Services, Inc. (Amazon.com), R3, Oracle Corporation, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise, Accenture plc, Wipro Ltd., and Infosys Limited.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Application
- Supply Chain Management
- Payments
- Identity Management
- Smart Contracts
- Governance, Risk, & Compliance Management
- Others
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- BFSI
- Retail & eCommerce
- Manufacturing
- Healthcare
- Government
- Energy & Utilities
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- SAP SE
- Amazon Web Services, Inc. (Amazon.com)
- R3
- Oracle Corporation
- Huawei Technologies Co., Ltd.
- Hewlett Packard Enterprise
- Accenture plc
- Wipro Ltd.
- Infosys Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Blockchain as a Service Market, by Component
1.4.2 North America Blockchain as a Service Market, by Application
1.4.3 North America Blockchain as a Service Market, by Enterprise Size
1.4.4 North America Blockchain as a Service Market, by End User
1.4.5 North America Blockchain as a Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2017, Jun – 2021, Jun) Leading Players
Chapter 4. North America Blockchain as a Service (BaaS) Market by Component
4.1 North America Blockchain as a Service (BaaS) Tools Market by Country
4.2 North America Blockchain as a Service (BaaS) Services Market by Country
Chapter 5. North America Blockchain as a Service (BaaS) Market by Application
5.1 North America Blockchain as a Service (BaaS) Supply Chain Management Market by Country
5.2 North America Blockchain as a Service (BaaS) Payments Market by Country
5.3 North America Blockchain as a Service (BaaS) Identity Management Market by Country
5.4 North America Blockchain as a Service (BaaS) Smart Contracts Market by Country
5.5 North America Blockchain as a Service (BaaS) Governance, Risk, & Compliance Management Market by Country
5.6 North America Other Application Blockchain as a Service (BaaS) Market by Country
Chapter 6. North America Blockchain as a Service (BaaS) Market by Enterprise Size
6.1 North America Large Enterprises Blockchain as a Service (BaaS) Market by Country
6.2 North America Small & Medium Enterprises Blockchain as a Service (BaaS) Market by Country
Chapter 7. North America Blockchain as a Service (BaaS) Market by End User
7.1 North America BFSI Blockchain as a Service (BaaS) Market by Country
7.2 North America Retail & eCommerce Blockchain as a Service (BaaS) Market by Country
7.3 North America Manufacturing Blockchain as a Service (BaaS) Market by Country
7.4 North America Healthcare Blockchain as a Service (BaaS) Market by Country
7.5 North America Government Blockchain as a Service (BaaS) Market by Country
7.6 North America Energy & Utilities Blockchain as a Service (BaaS) Market by Country
7.7 North America Others Blockchain as a Service (BaaS) Market by Country
Chapter 8. North America Blockchain as a Service (BaaS) Market by Country
8.1 US Blockchain as a Service (BaaS) Market
8.1.1 US Blockchain as a Service (BaaS) Market by Component
8.1.2 US Blockchain as a Service (BaaS) Market by Application
8.1.3 US Blockchain as a Service (BaaS) Market by Enterprise Size
8.1.4 US Blockchain as a Service (BaaS) Market by End User
8.2 Canada Blockchain as a Service (BaaS) Market
8.2.1 Canada Blockchain as a Service (BaaS) Market by Component
8.2.2 Canada Blockchain as a Service (BaaS) Market by Application
8.2.3 Canada Blockchain as a Service (BaaS) Market by Enterprise Size
8.2.4 Canada Blockchain as a Service (BaaS) Market by End User
8.3 Mexico Blockchain as a Service (BaaS) Market
8.3.1 Mexico Blockchain as a Service (BaaS) Market by Component
8.3.2 Mexico Blockchain as a Service (BaaS) Market by Application
8.3.3 Mexico Blockchain as a Service (BaaS) Market by Enterprise Size
8.3.4 Mexico Blockchain as a Service (BaaS) Market by End User
8.4 Rest of North America Blockchain as a Service (BaaS) Market
8.4.1 Rest of North America Blockchain as a Service (BaaS) Market by Component
8.4.2 Rest of North America Blockchain as a Service (BaaS) Market by Application
8.4.3 Rest of North America Blockchain as a Service (BaaS) Market by Enterprise Size
8.4.4 Rest of North America Blockchain as a Service (BaaS) Market by End User
Chapter 9. Company Profiles
9.1 IBM Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments
9.1.5.1 Partnerships, Collaborations and Agreement:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisitions and Mergers:
9.1.6 SWOT Analysis
9.2 SAP SE
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations and Agreement:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Amazon Web Services, Inc. (Amazon.com)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Partnerships, Collaborations, and Agreements:
9.3.4.2 Product Launches and Product Expansions:
9.4 Oracle Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.5.2 Partnerships, Collaborations and Agreements:
9.6 Hewlett Packard Enterprise Company
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.5.3 Acquisitions and Mergers:
9.6.6 SWOT Analysis
9.7 R3
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.7.2.2 Product Launches and Product Expansions:
9.7.2.3 Geographical Expansions:
9.8 Accenture PLC
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.8.5.3 Acquisitions and Mergers:
9.8.6 SWOT Analysis
9.9 Infosys Limited
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Wipro Limited
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Product Launches and Product Expansions:
9.10.6 SWOT Analysis
TABLE 1 North America Blockchain as a Service (BaaS) Market, 2017 - 2020, USD Million
TABLE 2 North America Blockchain as a Service (BaaS) Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Blockchain as a Service Market
TABLE 4 Product Launches And Product Expansions– Blockchain as a Service Market
TABLE 5 Acquisition and Mergers– Blockchain as a Service Market
TABLE 6 Geographical Expansions– Blockchain as a Service Market
TABLE 7 North America Blockchain as a Service (BaaS) Market by Component, 2017 - 2020, USD Million
TABLE 8 North America Blockchain as a Service (BaaS) Market by Component, 2021 - 2027, USD Million
TABLE 9 North America Blockchain as a Service (BaaS) Tools Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Blockchain as a Service (BaaS) Tools Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Blockchain as a Service (BaaS) Services Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Blockchain as a Service (BaaS) Services Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Blockchain as a Service (BaaS) Market by Application, 2017 - 2020, USD Million
TABLE 14 North America Blockchain as a Service (BaaS) Market by Application, 2021 - 2027, USD Million
TABLE 15 North America Blockchain as a Service (BaaS) Supply Chain Management Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Blockchain as a Service (BaaS) Supply Chain Management Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Blockchain as a Service (BaaS) Payments Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Blockchain as a Service (BaaS) Payments Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Blockchain as a Service (BaaS) Identity Management Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Blockchain as a Service (BaaS) Identity Management Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Blockchain as a Service (BaaS) Smart Contracts Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Blockchain as a Service (BaaS) Smart Contracts Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Blockchain as a Service (BaaS) Governance, Risk, & Compliance Management Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Blockchain as a Service (BaaS) Governance, Risk, & Compliance Management Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Other Application Blockchain as a Service (BaaS) Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Other Application Blockchain as a Service (BaaS) Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Blockchain as a Service (BaaS) Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 28 North America Blockchain as a Service (BaaS) Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 29 North America Large Enterprises Blockchain as a Service (BaaS) Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Large Enterprises Blockchain as a Service (BaaS) Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Small & Medium Enterprises Blockchain as a Service (BaaS) Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Small & Medium Enterprises Blockchain as a Service (BaaS) Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Blockchain as a Service (BaaS) Market by End User, 2017 - 2020, USD Million
TABLE 34 North America Blockchain as a Service (BaaS) Market by End User, 2021 - 2027, USD Million
TABLE 35 North America BFSI Blockchain as a Service (BaaS) Market by Country, 2017 - 2020, USD Million
TABLE 36 North America BFSI Blockchain as a Service (BaaS) Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Retail & eCommerce Blockchain as a Service (BaaS) Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Retail & eCommerce Blockchain as a Service (BaaS) Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Manufacturing Blockchain as a Service (BaaS) Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Manufacturing Blockchain as a Service (BaaS) Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Healthcare Blockchain as a Service (BaaS) Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Healthcare Blockchain as a Service (BaaS) Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Government Blockchain as a Service (BaaS) Market by Country, 2017 - 2020, USD Million
TABLE 44 North America Government Blockchain as a Service (BaaS) Market by Country, 2021 - 2027, USD Million
TABLE 45 North America Energy & Utilities Blockchain as a Service (BaaS) Market by Country, 2017 - 2020, USD Million
TABLE 46 North America Energy & Utilities Blockchain as a Service (BaaS) Market by Country, 2021 - 2027, USD Million
TABLE 47 North America Others Blockchain as a Service (BaaS) Market by Country, 2017 - 2020, USD Million
TABLE 48 North America Others Blockchain as a Service (BaaS) Market by Country, 2021 - 2027, USD Million
TABLE 49 North America Blockchain as a Service (BaaS) Market by Country, 2017 - 2020, USD Million
TABLE 50 North America Blockchain as a Service (BaaS) Market by Country, 2021 - 2027, USD Million
TABLE 51 US Blockchain as a Service (BaaS) Market, 2017 - 2020, USD Million
TABLE 52 US Blockchain as a Service (BaaS) Market, 2021 - 2027, USD Million
TABLE 53 US Blockchain as a Service (BaaS) Market by Component, 2017 - 2020, USD Million
TABLE 54 US Blockchain as a Service (BaaS) Market by Component, 2021 - 2027, USD Million
TABLE 55 US Blockchain as a Service (BaaS) Market by Application, 2017 - 2020, USD Million
TABLE 56 US Blockchain as a Service (BaaS) Market by Application, 2021 - 2027, USD Million
TABLE 57 US Blockchain as a Service (BaaS) Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 58 US Blockchain as a Service (BaaS) Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 59 US Blockchain as a Service (BaaS) Market by End User, 2017 - 2020, USD Million
TABLE 60 US Blockchain as a Service (BaaS) Market by End User, 2021 - 2027, USD Million
TABLE 61 Canada Blockchain as a Service (BaaS) Market, 2017 - 2020, USD Million
TABLE 62 Canada Blockchain as a Service (BaaS) Market, 2021 - 2027, USD Million
TABLE 63 Canada Blockchain as a Service (BaaS) Market by Component, 2017 - 2020, USD Million
TABLE 64 Canada Blockchain as a Service (BaaS) Market by Component, 2021 - 2027, USD Million
TABLE 65 Canada Blockchain as a Service (BaaS) Market by Application, 2017 - 2020, USD Million
TABLE 66 Canada Blockchain as a Service (BaaS) Market by Application, 2021 - 2027, USD Million
TABLE 67 Canada Blockchain as a Service (BaaS) Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 68 Canada Blockchain as a Service (BaaS) Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 69 Canada Blockchain as a Service (BaaS) Market by End User, 2017 - 2020, USD Million
TABLE 70 Canada Blockchain as a Service (BaaS) Market by End User, 2021 - 2027, USD Million
TABLE 71 Mexico Blockchain as a Service (BaaS) Market, 2017 - 2020, USD Million
TABLE 72 Mexico Blockchain as a Service (BaaS) Market, 2021 - 2027, USD Million
TABLE 73 Mexico Blockchain as a Service (BaaS) Market by Component, 2017 - 2020, USD Million
TABLE 74 Mexico Blockchain as a Service (BaaS) Market by Component, 2021 - 2027, USD Million
TABLE 75 Mexico Blockchain as a Service (BaaS) Market by Application, 2017 - 2020, USD Million
TABLE 76 Mexico Blockchain as a Service (BaaS) Market by Application, 2021 - 2027, USD Million
TABLE 77 Mexico Blockchain as a Service (BaaS) Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 78 Mexico Blockchain as a Service (BaaS) Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 79 Mexico Blockchain as a Service (BaaS) Market by End User, 2017 - 2020, USD Million
TABLE 80 Mexico Blockchain as a Service (BaaS) Market by End User, 2021 - 2027, USD Million
TABLE 81 Rest of North America Blockchain as a Service (BaaS) Market, 2017 - 2020, USD Million
TABLE 82 Rest of North America Blockchain as a Service (BaaS) Market, 2021 - 2027, USD Million
TABLE 83 Rest of North America Blockchain as a Service (BaaS) Market by Component, 2017 - 2020, USD Million
TABLE 84 Rest of North America Blockchain as a Service (BaaS) Market by Component, 2021 - 2027, USD Million
TABLE 85 Rest of North America Blockchain as a Service (BaaS) Market by Application, 2017 - 2020, USD Million
TABLE 86 Rest of North America Blockchain as a Service (BaaS) Market by Application, 2021 - 2027, USD Million
TABLE 87 Rest of North America Blockchain as a Service (BaaS) Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 88 Rest of North America Blockchain as a Service (BaaS) Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 89 Rest of North America Blockchain as a Service (BaaS) Market by End User, 2017 - 2020, USD Million
TABLE 90 Rest of North America Blockchain as a Service (BaaS) Market by End User, 2021 - 2027, USD Million
TABLE 91 Key information – IBM Corporation
TABLE 92 Key Information – SAP SE
TABLE 93 Key Information – Amazon Web Services, Inc.
TABLE 94 Key Information – Oracle Corporation
TABLE 95 key information – Huawei Technologies Co., Ltd.
TABLE 96 key information – Hewlett Packard Enterprise Company
TABLE 97 Key Information – R3
TABLE 98 Key information – Accenture PLC
TABLE 99 Key Information – Infosys Limited
TABLE 100 Key Information – Wipro Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
FIG 5 Recent strategies and developments: IBM Corporation
FIG 6 Swot analysis: IBM Corporation
FIG 7 Recent strategies and developments: Sap SE
FIG 8 SWOT Analysis: SAP SE
FIG 9 Recent strategies and developments: Amazon Web services, Inc.
FIG 10 Recent strategies and developments: Oracle corporation
FIG 11 SWOT analysis: Oracle Corporation
FIG 12 Recent strategies and developments: huawei technologies co., Ltd.
FIG 13 Recent strategies and developments: Hewlett Packard Enterprise Company
FIG 14 SWOT analysis: Hewlett-Packard enterprise Company
FIG 15 Recent strategies and developments: R3
FIG 16 Recent strategies and developments: Accenture plc
FIG 17 Swot analysis: Accenture plc
FIG 18 SWOT Analysis: Infosys Limited
FIG 19 SWOT Analysis: Wipro Limited