| Product Code: ETC4406321 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Blockchain as a Service (BaaS) is making significant inroads into the UAE business landscape. Organizations across various sectors are recognizing the potential of blockchain technology in enhancing transparency, security, and efficiency. The UAE government and businesses are keen on leveraging blockchain for applications ranging from supply chain management to digital identity verification. The BaaS market in the UAE is thriving as more entities seek ready-made solutions to harness the benefits of blockchain without the complexities of building their own infrastructure. This market represents a key element of the UAE digital transformation journey.
The UAE Blockchain as a Service (BaaS) market is on an upward trajectory, primarily due to several driving forces. Firstly, the UAE government`s proactive approach to adopting blockchain technology and integrating it into various sectors such as finance, healthcare, and supply chain management has spurred the demand for BaaS solutions. These solutions offer organizations the flexibility to harness blockchain`s benefits without the complexity of building and maintaining their own blockchain infrastructure. The country`s ambition to become a global blockchain hub further fosters the BaaS market, as it encourages businesses to explore and implement blockchain solutions. Additionally, the growing awareness of blockchain`s potential for enhancing data security, transparency, and efficiency is driving private and public sector entities in the UAE to invest in BaaS to support their innovative projects and digital transformation initiatives.
The adoption of Blockchain as a Service (BaaS) in the UAE confronts challenges concerning regulatory clarity and interoperability standards. Developing scalable and secure blockchain solutions while complying with evolving regulatory frameworks is complex. Bridging the gap between legacy systems and blockchain integration requires strategic planning and investment. Moreover, ensuring transparent governance models and addressing scalability concerns pose continuous challenges.
The interest in blockchain solutions increased as businesses explored innovative technologies. The UAE market likely experienced a growing demand for Blockchain as a Service (BaaS) solutions for various applications.
In the UAE Blockchain as a Service Market, key players such as IBM Blockchain, Microsoft Azure Blockchain, and Amazon Managed Blockchain lead the industry. These companies offer Blockchain as a Service (BaaS) solutions that allow organizations in the UAE to build, deploy, and manage blockchain applications without the complexities of infrastructure management.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Arab Emirates (UAE) Blockchain as a Service Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Blockchain as a Service Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Blockchain as a Service Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume Share, By Offering , 2021 & 2031F |
3.6 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume Share, By End User , 2021 & 2031F |
3.7 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.8 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 United Arab Emirates (UAE) Blockchain as a Service Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Blockchain as a Service Market Trends |
6 United Arab Emirates (UAE) Blockchain as a Service Market, By Types |
6.1 United Arab Emirates (UAE) Blockchain as a Service Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Offering , 2021-2031F |
6.1.3 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Tools , 2021-2031F |
6.1.4 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Services, 2021-2031F |
6.2 United Arab Emirates (UAE) Blockchain as a Service Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By BFSI, 2021-2031F |
6.2.3 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By FMCG, 2021-2031F |
6.2.4 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.5 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.2.6 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Retail and eCommerce, 2021-2031F |
6.2.7 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Transportation and Logistics, 2021-2031F |
6.2.8 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
6.2.9 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
6.3 United Arab Emirates (UAE) Blockchain as a Service Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Supply Chain Management, 2021-2031F |
6.3.3 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Smart Contracts, 2021-2031F |
6.3.4 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Identity Management, 2021-2031F |
6.3.5 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Payments, 2021-2031F |
6.3.6 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Governance, Risk, and Compliance Management, 2021-2031F |
6.3.7 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Others, 2021-2031F |
6.4 United Arab Emirates (UAE) Blockchain as a Service Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.4.3 United Arab Emirates (UAE) Blockchain as a Service Market Revenues & Volume, By SMEs, 2021-2031F |
7 United Arab Emirates (UAE) Blockchain as a Service Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Blockchain as a Service Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Blockchain as a Service Market Imports from Major Countries |
8 United Arab Emirates (UAE) Blockchain as a Service Market Key Performance Indicators |
9 United Arab Emirates (UAE) Blockchain as a Service Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Blockchain as a Service Market Opportunity Assessment, By Offering , 2021 & 2031F |
9.2 United Arab Emirates (UAE) Blockchain as a Service Market Opportunity Assessment, By End User , 2021 & 2031F |
9.3 United Arab Emirates (UAE) Blockchain as a Service Market Opportunity Assessment, By Application , 2021 & 2031F |
9.4 United Arab Emirates (UAE) Blockchain as a Service Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 United Arab Emirates (UAE) Blockchain as a Service Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Blockchain as a Service Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Blockchain as a Service Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |