3D NAND Memory Market Trends, Key Vendors Analysis, Import & Export, Revenue by Forecast 2027

 Market Synopsis

As per the analysis by Market Research Future Reports (MRFR), the global 3D NAND memory market was initially valued at USD 10.56 Billion in 2020 and is estimated to attain USD 62 billion by the end of the review period with a CAGR of 30%.

The demand for data storage in consumer electronics and enterprise storage sectors has resulted in the expansion of the global 3D NAND memory market 2020. Moreover, demand for making chips smaller in size and semiconductor wafer has also motivated the producing expense incurred in the design and advancement of 3D NAND memory may act as an obstruction in the growth of the global 3D NAND market. Additionally, the producers of 3D NAND memory chips may face some hurdles in the forthcoming period due to the development in technologies such as 3D XPoint (used in today’s era), solid-state storage (SSS), resistive random access memory (RRAM), and phase-change memory (PCM).

The organizations functioning in the 3D NAND memory market pays attention to the advancement of reliable designs, and they generally compete based on cost, technology,

product quality in the 3D NAND market. The implementation of 3D NAND in various enterprises, logistics applications, transportation has motivated the manufacturers to stay updated and ahead with the techniques, and offer its consumers with advanced flash memory solutions.

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Market Segmentation

The global 3D NAND memory market has been classified into the application, vertical, type, and region.

On the basis of application, the global 3D NAND memory market has been classified into the flash card, SSD, USB, tablet, smartphone, kiosk, and others.

On the basis of vertical, the global 3D NAND memory market has been classified into IT & Telecommunication, transportation, aerospace & defense, retail, healthcare, and others.

On the basis of type, the global 3D NAND memory market has been classified into a triple-level cell (TLC), multi-level cell (MLC), and quad-level cell (QLC).

On the basis of region, the global 3D NAND memory market has been classified into Asia-Pacific, North America, the Middle East & Africa, Europe, and Central & South America.

Regional Analysis

The global market for 3D NAND memory is likely to expand tremendously during the forecast period from 2020 to 2027. As per the analysis, the geographic study of the 3D NAND memory market has been performed for Europe, Asia Pacific, North America, the Middle East & Africa, and Central and South America.

According to the research, the APAC region is expected to lead the global 3D NAND memory market. The second position is attained by North America, followed by Europe and the Rest of the World (RoW). The rising demand for lightweight memory chips and durable, to a great extent, in enterprise storage and automotive applications have motivated the adoption of 3D NAND memory in the region. Additionally, the existence of semiconductor producing facilities in China has resulted in the expansion of the global 3D NAND memory market.

Key Players

The forefront players in the global 3D NAND memory market are Delkin Devices (US)., Toshiba Corporation (Japan), SAMSUNG (South Korea), Western Digital Corporation (US), Intel Corporation (US), Micron Technology, Inc. (the US), SK HYNIX INC. (South Korea), Macronix International Co., Ltd (Taiwan), Applied Materials, Inc. (US), Yangtze Memory Technologies Co., Ltd (YMTC) (China). Delkin Devices (US). These enterprises are studied based on their regional presence, product portfolio, origin, key developments, and proficiency in the 3D NAND memory solutions. Apart from the organization mentioned above, Panasonic Corporation (Japan), Transcend Information, Inc. (the US), Cypress Semiconductor Corporation (US), Hitachi High-Technologies Corporation (Japan), and also have a significant presence in the global 3D NAND memory market.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Email Encryption Market COVID-19 analysis, Leading Insights, Segmented Analysis, Industry insights Till 2027

  Industry Insight

During an uncertain time of COVID-19, Market Research Future has come with the latest study on the  Email Encryption Market 2020. The survey covered the impact of COVID-19 on everything, including the economy. On this, MRFR reveals that the global email encryption market would be scaling up to USD 6.84 billion by 2027. This valuation could score while at a pace of 22.0%    growth rate. The evaluation of the growth would take place during the years (2020 to 2027)—the forecasted period.

Notable Developments

The study on global email encryption market covers the effect of COVID-19 on the worldwide market. The pandemic brought about by Coronavirus (COVID-19) has influenced each part of life all-inclusive, together with the business world as well. This has also brought along several changes in economic situations, which global email encryption market has also suffered. But with some prevailing trends and factors, the market stands to be hopeful in gaining more valuation post-COVID 19 situation. 

The foremost driving factors of the global email encryption market are rigid government regulation and compliance that mandate adoption of encryption in various verticals and proliferation in the number of cyber-attacks. In fact, programmers also use email encryption technology to shelter confidential and personal data from malicious programmers is yet again, an essential driving factor boosting the growth of the market.

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Email Encryption engross encrypting or disguising, the content of email message concerning protecting potentially sensitive information from being read by anyone than intended receipt recipients. Email Encryption often includes authentication. The most common reason today companies choose to encrypt emails is that protect secret information, which is pinpoint factor liable for the market’s growth.

Furthermore, the intensifying demand for cloud-based services along with escalating data security concerns and privacy regulations is the prime factor motivating the growth of the market. On the same note, frequent instances of phishing and spam emails are also optimistically influencing the market.

Leading Segments

The market in terms of type segment, it includes gateway email encryption, end-to-end encryption, hybrid encryption, boundary email encryption, and client plug-ins.

The market in terms of organization size segment includes large enterprises and SMEs.

The market in terms of the deployment segment includes cloud and on-premise.

The market in terms of vertical segment, it includes government & defence, BFSI, healthcare, IT & telecom, retail, manufacturing, and others.

Regional Front

MRFR’s report has also analyzed the competitive landscape of the global email encryption market with some of the essential regions such as North America, Europe, Asia-Pacific, and the rest of the world.

North America is anticipated to grasp the highest share of the email encryption market from 2018 to 2023, in support of early adoption of the email encryption solution across diverse industry verticals, expressly in the BFSI and healthcare industry verticals. The concentrated incidence of a large number of email encryption solution and services providers in the US from the North American region is also anticipated to motivate revenue growth for the region.

The Asia Pacific (APAC) market also might expand at the highest CAGR during the assessment period. APAC will also witness a notable adoption of the technology as enterprises and SMEs across various industry verticals are now adopting email encryption solutions in concern with secure business-critical email information from misuse by computer hackers for monetary gains and sophisticated cyber-attacks. The developed APAC countries such as India, ANZ, and China, have incorporated email encryption solutions to fulfil compliance requirements and data security needs of businesses.

Industry Players

MRFR recognizes some top industry players in the global email encryption market as Symantec Corporation(US), Micro Focus International PLC (UK), Trend Micro Inc.(Japan), Cisco Systems, Inc.(US), Proofpoint, Inc. (US), Sophos Group PLC (UK), Zix Corporation (US), Egress Software Technologies Ltd (UK), BAE Systems PLC (UK), Mimecast Services Limited(US), Entrust Datacard Corporation (US), and Intermedia.net, Inc.(US). 

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continued…

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https://www.techsite.io/p/2556568

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Logistics Automation Market COVID-19 Impact analysis, Detailed Analysis, Market Highlights, Key Players, and Forecast till 2027

 Market Highlights

The Logistics Automation Market is expected to register a CAGR of 11.7% during the forecast period of 2020–2027. There are various factors which are contributing to the growth of the logistics automation market, such as exponential growth in the e-commerce industry, advancements in robotics, and smart devices to control various processes.

Segmental Analysis 

The segmental assessment of the logistic automation market is segmented on the basis of component, organization size, application, end-user and region. Based on the end-user, the logistic automation market has been segmented into manufacturing, automation, oil & gas, healthcare and pharmaceuticals, retail and e-commerce, aerospace & defence, and others. Based on the components, the logistic automation market has been segmented into hardware, services and software. The hardware segment is further segmented into sorting and picking systems, automated guided vehicles, mobile devices, and others. On the basis of the organization sizes, the logistic automation market has been divided into large enterprises and SMEs. The application basis of segmenting the logistic automation market consist of transportation management and warehouse management.  On the basis of regions, the logistic automation market has been segmented into Europe, North America, Asia-Pacific, and the rest of the regions.

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Detailed Regional Analysis 

The regional study of the logistic automation market includes regions such as Europe, North America, Asia-Pacific, and the rest of the regions. The North American region is an early adopter of the technology, which has cemented its position at the vanguard of development in the global market. Furthermore, the incidence of some of the initial adopters of automation software and solution such as transportation, retail, manufacturing, automotive, healthcare, and pharmaceutical industries, are also backing the market progress. In addition, the existence of vital players in the region of Europe led to its position as the second prime market segment in the logistics automation market. The regional market of Asia Pacific is anticipated to be the fastest developing regional market owing to the speedy implementation of the technology among the other major industries.

Competitive Analysis 

MRFR recognizes the key players in the global logistics automation market as Dematic Corp. (US), Daifuku Co., Ltd (Japan), Swisslog Holding AG (Switzerland), Honeywell Intelligrated (US), Murata Machinery Limited (Japan), Knapp AG (Austria), Jungheinrich AG (Germany), SSI Schaefer LLC (UAE), Mecalux, SA (Spain), VITRONIC (Germany), Beumer Group (Germany), Toshiba Infrastructure Systems & Solutions Corporation (Japan), TGW Logistics Group GmbH (Austria), WiseTech Global (Australia), System Logistics SPA (Italy), and Falcon Autotech (UK).

The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Enterprise Collaboration Market COVID-19 analysis, Market Overview, Segmental Analysis, Competitive Landscape and Forecast To 2027

 Overview

The Enterprise Collaboration Market is projected to grow at a CAGR of 15.23% during the forecast period. As per the enterprise collaboration market research report, the global market for enterprise collaboration is projected to grow swiftly by US$69.93 Billion by 2027. According to analysts, increasing adoption of enterprise collaboration as well as the demand for better employee engagement will drive the market growth during the forecast period. The enterprise collaboration market research report offers a comprehensive analysis of the global enterprise collaboration market and its deployment, organization size, region, type, vertical, and component segments. Challenges in procuring skilled expertise along with interoperability are the elements that could influence the enterprise collaboration market advancement throughout the forecast period. The enterprise collaboration market research report by expert analysts is developed to assist organizations in the enterprise collaboration market.

Market Segmentation

The global enterprise collaboration market has been segmented based on deployment, organization size, region, type, vertical, and component. On the basis of deployment, the market for enterprise collaboration is segmented based on cloud and on-premise. Additionally, the market on the basis of organization size, is segmented into large enterprises and SMEs. The global market for enterprise collaboration is also covered based on type segment which is further split into asynchronous and synchronous. On the basis of vertical, the market for enterprise collaboration is segmented based on education, energy & utilities, government, healthcare, IT & telecommunications, retail, transportation & logistics, travel & hospitality, BFSI, and others. Additionally, the market on the basis of component, is segmented into solutions and services.

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Major elements such as security concerns could obstruct the enterprise collaboration market growth. However, according to the enterprise collaboration market research report, demand for content management and productivity enhancement along with the use of public internet tools will propel growth throughout the forecast period. The enterprise collaboration market is set to register growth at a high CAGR owing to these key factors. The exploration of deployment, organization size, region, type, vertical, and component segments along with regional markets has been given in the global enterprise collaboration market research report. The research analysts studying the enterprise collaboration market have put out market forecasts in the enterprise collaboration market research report in order to support enterprise collaboration market-based companies. The enterprise collaboration market research report provides an extensive understanding of the enterprise collaboration market based on the information and forecasts till 2027.

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for enterprise collaboration are predominantly covered in the global enterprise collaboration market research report. Country-level enterprise collaboration markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level enterprise collaboration markets are covered in the report. In Asia-Pacific (APAC) region, the country-level enterprise collaboration markets covered are Japan, India, China, and others. The enterprise collaboration market research report also explores the regional market for enterprise collaboration present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The enterprise collaboration market research report also covers regional markets from the rest of the world alongside enterprise collaboration markets of Africa and the Middle East.

Competitive Landscape

Globally distributed project teams are presumed to drive the enterprise collaboration market growth worldwide. The global enterprise collaboration market could be challenged by application interoperability issues, nevertheless, organizations in the enterprise collaboration market will carry the growth rate forward. The enterprise collaboration market research report presents company profiles of major companies active in the enterprise collaboration market globally. Furthermore, the global enterprise collaboration market report offers an all-inclusive analysis of the market collected from the enterprise collaboration market’s primary and secondary sources covering both decision makers and thought leaders. The enterprise collaboration market research report highlights such key areas assisting businesses operating in the enterprise collaboration market to build better growth strategies.

Industry News

Poly unveiled a series of new audio and video solutions to support remote employees that I think pave the way between conventional solutions from customers and companies we saw in the past. Remote and hybrid work will continue throughout 2021, and technologies that bind our workers need enhanced audio and video solutions in order for businesses to work more efficiently at home or in the workplace. The solutions in the field must be safe, manageable and easy to solve.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continued…

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Algorithm Trading Market COVID – 19 Outbreak, Market Segmentation, Regional Analysis, Key players Forecast Till 2027

 Market Synopsis

Market Research Future (MRFR), in its latest report on the Algorithm Trading Market 2020, discusses multiple factors govern the market. A complete analysis on the impact of COVID 19 on the algorithm trading market is availed along with the report. As per MRFR findings, the algorithm trading market value can exceed USD 9.2 billion on the conclusion of the analysis period. The algorithm trading market is expected to thrive at 12.5% CAGR in the forecast period. The surge in the application of automated trading software by top notch financial firm can support the market rise. 

Market Segmentation

The segment evaluation of the global algorithm trading market is done by organization size, trading type deployment mode, and component. 

The component based segments of the global algorithm trading global market are solutions and services. The solution segments are platform and software tools. The services segments of the algorithm trading global market are professional services and managed services. The increase in the need for algorithm trading services and solutions can impel the rise of the market. 

The trading type based segments of the algorithm trading market are stock markets, foreign exchange, bonds, exchange-traded funds, and crypto currencies. The deployment mode based segments of the algorithm trading global market are cloud and on-premise. The high utility of algorithm trading on cloud platform can promote the expansion of the algorithm trading global market through the analysis period. The organization size based segments of the algorithm trading global market are large enterprise and SMEs. The increase in the adoption of algorithm trading solution by SMEs can support the rise of the market across the analysis period.  

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Regional Analysis

The trends of the algorithm trading market is done across EU, North America, Middle East and Africa, APAC, and South America.

The presence of effective technologies across the North America region is expected to bolster the rise of the regional market. The algorithm trading market in North America is likely to hold the highest share of the global market across the forecast period. The availability of top notch technical expertise and the continuous development in algorithm on Python, MATLAB, Perl, C++, and JAVA can impel the rise of North America algorithm trading market. In Asia Pacific, the rise of the algorithm trading global market through the assessment period can be credited to the continuous digital transformation in the financial sectors. The rise in the dependency on cloud computing is anticipated to support the rise of the algorithm trading market across the assessment period. In addition, the ability of trading software to function on multiple platforms such as mobile and desktops devices can promote the expansion of APAC market. In Europe, the growing popularity of software as a service (SaaS) models that enable end users to store and easily accesses data on devices can promote the rise of the regional market in the years ahead. The higher scalability and accessibility offered by cloud-based trading software can promote the expansion of the regional market. Europe algorithm trading platform market expansion can be attributed to the increase in the integration of machine learning and artificial intelligence in algorithm trading platform. 

Key Players

Tethys (US), Kuberre Systems (US), Thomson Reuters (US), Symphony Fintech (India), InfoReach (US), 63 moons (India), Argo SE (US), Automated Trading SoftTech (India), Vela (US), MetaQuotes Software (Cyprus), Trading Technologies (US), Tata Consulting Services (India), Tata Consulting Services (India), QuantCore Capital Management (China),  uTrade (India), Virtue Financial (US), iRageCapital (India), and Software AG (Germany) are some notable names in the Automated Algorithmic Trading System market as profiled by MRFR. 

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Digital Payment in Healthcare Market COVID-19 Impact analysis Market Overview, Market Scope, Competitive analysis and Forecast To 2027

 Market Overview

Digital payments are financial transactions conducted electronically with authentication used on both ends as security of payment. It has become imperative in measuring the financial growth of nations and used in improving transparency and boosting economic growth. The global digital payments market report by Market Research Future (MRFR) contains insights, opportunities, and challenges to be faced by payment technology developers for the period of 2020 to 2027 (forecast period). The COVID-19 pandemic and its impact on the market are explored in detail.

Market Scope

The Digital Payment Market is expected to register a 16.77% CAGR during the forecast period. The market was valued at USD 40,633.3 million in 2020 and expects to reach USD 120,245.9 million by 2027. 

Inclination towards cashless modes of payment due to modern infrastructure for encouraging IT and telecommunication growth can drive the market growth. The acceptance of smartphones and the use of Internet for conducting financial transactions can drive the market demand. High usage rates of mobile applications and acceptance of digital payment in supermarkets and other stores can bode well for the market.

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Rise in payments for the healthcare sector due to rise of millennials and notifications and alerts for pending bills can bode well for the market. The ease of paying large bills by splitting it into monthly installments is likely to favor the market. User-friendliness, low risk, convenience, and traceability are advantages of digital payment expected to drive its adoption.

The COVID-19 outbreak has brought to the fore the need for contactless payments for staving off the chances of infection. Various modes of payment such as UPI, IMPS, and NEFT for facilitating fund transfers and purchase of goods and services can ensure a steady demand in the global digital payment market. But increasing cases of online frauds and concerns of patient data leaks are major challenges faced by the market.

Segmentation

Based on deployment, the market has been classified as cloud and on-premise. In a cloud-based digital payment, there are limited chances of a single point of failure (SPOF) as all devices, components, and network paths are duplicated and reserved. Digital issuance systems are used for storing all the credentials securely on the cloud and issuing them to mobile applications which have been previously installed on the device. On the other hand, enterprises prefer the on-premises deployment of digital payment solutions to gain complete control over their infrastructure and assets as well as enhance their online security measures. These solutions help merchants in managing any payment device across any application from a centralized and secure managed platform.

By component, it is segmented into solution and services.

By organization size, it is segmented into large enterprise and small & medium enterprise.

By vertical, it is segmented into media & entertainment, retail & e-commerce, hospitality, healthcare, BFSI, IT & telecommunication, and others. The healthcare vertical is segmented to generate huge returns for the global digital payments market owing to rise of contactless payments and ease in digital bills. Rise of medical bills, the increase in living expectancy of people, and digitization for bringing down healthcare costs are factors expected to drive the vertical growth over the forecast period.

Regional Analysis

The global digital payment market, by region, has been segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. North America is expected to dominate the global digital payments market during the forecast period due to the presence of a large number of solution providers in the region. North America accounted for the largest market value of USD 13,864.1 million in 2020; the market is expected to register a CAGR of 17.50% during the forecast period.

Competitive Outlook

Aliant Payment Systems Inc., PayU, Aurus Inc., YapStone, Inc., Novatti Group Limited, Wirecard AG, Worldpay, Inc., ACI Worldwide, Inc., BlueSnap Inc., Fiserv, Inc., Global Payments Direct, Inc., Adyen NV, PayPal Holdings, Inc., First Data Corporation, and Stripe are key players of the global digital payment in healthcare market.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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https://www.techsite.io/p/2556609

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact

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Block chain-as-a-Service Market COVID – 19 Analysis, Market Highlights, Key Segments, Regional Analysis and Forecast till 2027

 Market Highlights

Blockchain is a revolutionary technology that has created a major impact on the financial sector and digital identification in North America and Europe. With increasing globalization, transactions have become more cumbersome. For any monetary transaction, the involved parties in the transactions need to have mutual trust— a buyer and a seller. For the same, a traditional sales process includes a load of paperwork, an intermediary, and high cost. However, in Asia-Pacific countries, the companies are eagerly shifting their preference towards simplifying their business processes while eliminating middlemen. Blockchain-as-a-service holds the potential to transform the government sector in resolving the challenges associated with data transactions faced in government operations. Furthermore, the key retail firms in countries such as the US, the UK, Germany, France, and India are collaborating with blockchain service providers to develop a platform that uses blockchain technology to track the origins of raw materials across global supply chains. Moreover, the government of the Netherlands has launched more than 25 blockchain trials. Dutch banks, energy companies, pension funds, and the Port of Rotterdam are all testing the digital ledger technology providing the Netherlands with high opportunity in different sectors and industries.

Key Players

MRFR recognizes the key players in the Blockchain As A Service Market as – Cognizant, Infosys Limited, Capgemini SE, NTT Data Corporation, Huawei Technologies Co. Ltd., HPE, Baidu, Inc., Tata Consultancy Services Limited, KPMG, Wipro Limited, IBM Corporation, Microsoft Corporation, SAP SE, Amazon Web Services, Oracle Corporation, Accenture PLC, and Deloitte Touche Tohmatsu Limited.

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The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.

Key Segments

By platform, the current market is dominated by the Ethereum platform segment. Hyperledger platform is expected to grow at a higher rate in the forecast period.

By components, the services segment accounts for a larger market share and is expected to grow at a higher CAGR in the coming years.

By cloud, the public cloud segment accounts for the largest market share; it is expected to grow at the highest rate during the forecast period.

By organization-size, the market is dominated by large enterprises, however, the SMEs segment is expected to grow at a higher rate.

By application, the payment management application accounts for the largest market share and identity management application is expected to grow at the highest rate.

By vertical, the BFSI vertical accounts for the largest market share and the retail and e-commerce segment is expected to adopt BaaS solutions and are expected to register the highest CAGR during the forecast period.

Regional Analysis

The global market for Blockchain-as-Service is estimated to grow at a significant rate during the forecast period from 2018 to 2024. The geographical analysis of Blockchain-as-Service market has been studied for North America (the US, Canada, Mexico), Europe (the UK, Germany, France, Spain, Italy, the rest of Europe),  Asia-Pacific (China, Japan, India, Singapore, Australia, the rest of Asia-Pacific) and the rest of the world (the Middle East and Africa and South America).

Among these, the North America region dominates the market due to the presence of key market players such as IBM Corporation, Microsoft Corporation, Amazon Web Services, Oracle Corporation, HPE and others offering cloud-based blockchain-as-a-service solutions which are accelerating the market growth in this region. Countries such as the US, Canada, and Mexico are expected to witness growth in the adoption of BaaS to streamline critical business processes such as payments, supply chain, transportation, logistics, and auditing. North America region is expected to experience a surge in various trends such as 5G, transactive energy, and micro-grids during the next five years. In 2018, RealChain and North America Blockchain Association (NABA), a non-profit organization, collaborated to promote the technology to identify fake high-end luxury products using blockchain and AI-based image recognition.

Europe accounted for the second-largest market share owing to government support in prioritizing the adoption of blockchain for the future of financial transactions and data storage across the European countries. Increasing adoption of BaaS in BFSI and retail & e-commerce sector in countries such as the UK, Germany, France, Sweden, the Netherlands, and Switzerland drives the market growth in this region. Rise in the spending in research projects by the European Union in the field of blockchain technology is also another factor which is expected to drive the market in the coming years. In April 2018, 22 countries of the European Union declared a European Blockchain Partnership (EBP) to establish European Blockchain Services Infrastructure (EBSI) to support the delivery in cross-border digital public services including a high standard of security and privacy. Blockchain companies from the European Economic Area (EEA) will be able to conduct business through the fully-licensed, German Solaris Bank. Huge adoption of digital transactions creates an opportunity for having a nationalized blockchain-enabled registered system promoting market growth.

Asia-Pacific region accounted for the third-largest market share; it is expected to grow at a higher rate during the forecast period due to large scale adoption of BaaS solutions in the financial service sector that has also witnessed the highest rate of blockchain technology testing. Furthermore, significant investments by venture capitalists for research and development of this technology and increasing number of blockchain start-ups in the region also contribute to the blockchain-as-a-service market. Key market players have already established their customer base in countries such as China, Japan, India, South Korea, Australia, New Zealand, Singapore, Malaysia, and the Phillippines generating revenue for the BaaS market in this region. For instance, in 2017, State Bank of India (SBI) a government-owned bank partnered with BankChain and Intel to implement blockchain solutions that run on Hyperledger Sawtooth and Intel Software Guard Extensions (Intel SGX). The solution aims at increasing the efficiency of financial transactions without having to compromise on data confidentiality and transaction security.

South America and the Middle East & Africa region presents immense growth opportunities for key market players due to the growing need among organizations to improve their efficiency, agility, security, and integrity is expected to increase investments in blockchain technology. Various enterprises in countries such as the UAE, Bahrain, Saudi Arabia, Oman, South Africa, Nigeria, Brazil, Colombia, and Chile are rapidly adopting BaaS solutions with strong support from the government promoting the market growth. In April 2018, the UAE Government launched the Emirates Blockchain Strategy 2021, that aims at capitalizing on the blockchain technology to transform 50% of government transactions into the blockchain platform by 2021, promising the market growth in this region.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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