Size of the Baas market in China 2020-2022
In 2021, the size of the blockchain as a service industry in China amounted to 188 million U.S. dollars. According to the estimate the market was expected to grow by over 40 million U.S. dollars until the end of 2022. BaaS is a cloud-based offering that enables businesses to create, deploy, and manage blockchain applications without having to build and maintain their own blockchain infrastructure. It provides a cost-effective and scalable solution that allows companies to leverage the benefits of blockchain technology without the complexities and expenses associated with building and operating their own blockchain network.