Blockchain-as-a-Service Market Size is projected to grow from USD 1.90 billion in 2019 to USD 24.94 billion by 2029; it is expected to grow at a CAGR of 39.5% from 2022 to 2027, according to a new report by Blockchain-as-a-Service Market. The most significant factors driving the growth of the Blockchain-as-a-Service Market are increasing adoption of AR technology in the healthcare sector, growing demand for AR in retail and e-commerce sectors due to COVID-19, rising investments in the AR market, and surging demand for AR devices and technology in the global automotive industry.
The next-generation improvement to this virtual projection is called Blockchain-as-a-Service Market, which includes new developments in the visual and hearing senses. Using real-time interaction and 3D projection of pictures of actual items has demonstrated a positive method. The media and entertainment sectors previously utilized education. In the market, real-world things and surroundings are combined with virtual reality in the form of photos, videos, and audio. Recently, there was a game called Pokémon-go that was built on the premise of Blockchain-as-a-Service Market. In this game, players utilized an app that worked on the algorithm to track 3D objects with the help of their cameras in order to capture their Pokémon.
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Driver: Rising investments in the market
Over the past few years, investments in the business have grown significantly. The Blockchain-as-a-Service Market business is receiving significant investment from firms including Facebook Corporation, Intel Corporation, Qualcomm, Inc., Alphabet, Inc., Comcast Ventures, and Samsung Group. Additionally, a number of research organizations are investigating the AR application market for a range of goods and uses. Governments finance certain research institutes, while others are supported by private businesses and venture capitalists. Businesses in the consumer, healthcare, aerospace & military, retail, and marketing sectors all benefit.
What was the Blockchain-as-a-Service Market size in 2022?
What is the Blockchain-as-a-Service Market growth rate?
The Blockchain-as-a-Service Market market is expected to grow at a CAGR during 2022-2029.
What are the key technology trends impacting the Blockchain-as-a-Service Market?
The Study Objectives of This Report Are:
- To analyze global status, future forecast, and growth opportunity.
- To present the market development in North America, Europe, China, Japan, Southeast Asia, India, and Central and South America.
- To strategically profile the key players and comprehensively analyze their development plans and strategies.
- To define, describe and forecast the Blockchain-as-a-Service Market by type, global size, and key regions.
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Major factors driving the growth of the Blockchain-as-a-Service Market are:
Everyone can benefit from Blockchain-as-a-Service Market because they are interactive and entertaining. Knowledge augmentation, tailored learning experiences, improved engagement, accessibility to online study material, ease of communication, and, most significantly, giving remote access are all advantages of learning app creation. These factors are expected to drive the growth of the Blockchain-as-a-Service Market.
Top companies in the global Blockchain-as-a-Service Market research report:
- IBM Corporation
- Microsoft Corporation
- Alibaba Group
- Oracle Corporation
- SAP SE
- Baidu, Inc.
- Accenture Plc
- NTT Data Corporation
- Infosys Limited
- Stratis Group Ltd.
- VMware, Inc.
- Huawei Service (Hong Kong) Co., Limited
The report focuses on the Blockchain-as-a-Service Market size, segment size, competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.
Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics, new product releases, the impact of COVID-19, regional conflicts, and carbon neutrality provide crucial information for us to take a deep dive into the Blockchain-as-a-Service Market.
The market’s expansion is anticipated to be significantly influenced by the expanding usage of Blockchain-as-a-Service Market in construction and architectural applications. Potential applications of AR technology include creating a 3D representation of a plan and bridging the gap between fantasy and reality. The education sector may potentially benefit from the usage of technology to improve student learning. With the use of 2D/3D models, books, and AR games, AR technology may help create an immersive experience that will help students acquire a variety of skill sets, which will ultimately fuel the expansion of the Blockchain-as-a-Service Market.
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