According to Market Research Future (MRFR), the network forensic market is poised to touch the valuation of USD 3.12 BN by 2023, growing at 17.4% CAGR throughout the assessment period (2017–2023). Besides, the increasing network-related attacks and cybersecurity breaches, alongside the rising optimization of network infrastructure and increasing numbers of businesses, drive the growth of the market. Moreover, the growing need to protect network layers from advanced cyber threats accelerates the market demand.
Blockchain-as-a-Service Market Research
Report By Forecast to 2027
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2027
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Market Research Future (MRFR), in its latest report on the global market for blockchain-as-a-service (BaaS) 2020, reveals factors that
govern the market. The increase in the adoption of Blockchain-as-a-Service can support the expansion of the market across the analysis
period. As per MRFR data, the expansion of the BaaS Market is likely to be at 70.63% CAGR across the study period 2018–2024. The
Blockchain as a Service Market value can touch USD 18,981.66 Million by 2024.
The increase in the application of blockchain-as-a-service solutions for financial service, banking, and insurance enterprises can bolster
the expansion of the market across the analysis period. Moreover, the rise in the adoption of e-commerce organizations, retail and
government entities can drive the market growth. The rise in the demand to implement BaaS solutions in supply chain management for
various industries can also promote the expansion of the market through the study period. BaaS solutions are also being used for
international business transactions due to the high reliability and security offered by them. On the contrary, lack of expertise on
blockchain technology, less interoperability of blockchain solutions among enterprises, issues in regulatory standards, and issues with
high costs associated with the integration of legacy systems can restrain the expansion of the blockchain-as-a-service solutions market in
the coming years.
Trends of the BaaS Market are studied across North America, APAC, MEA, and EU. As per MRFR regional data, the blockchain-as-a-service
market in North America is known as to have the largest market share. The high rate of adoption