This RadarView provides a view into the emerging landscape of blockchain technology and highlights key developments and best practices in this space. It also aids in identifying the right service providers that enterprises can partner with to enable digital transformation for their blockchain initiatives.
It continues with a detailed assessment of 23 leading service providers. Each profile provides an overview of the service provider, its blockchain services capabilities and solutions, and a list of representative clients and partnerships, along with brief client case studies. Each profile concludes with analyst insights on the provider’s practice maturity, partner ecosystem, and investments and innovation.
The blockchain market has seen a 25% increase in service providers’ revenue between 2022 and 2023, with more blockchain projects moving to the production stage. Service providers are exploring new opportunities in emerging blockchain use cases, such as sustainability, DeFi asset tokenization, and Web 3.0. To support this, they are increasing their blockchain capabilities by developing proprietary solutions and assets, strengthening their capabilities to serve the clients.
The Blockchain Services 2023–2024 RadarView™ highlights key supply-side trends in the blockchain space and Avasant’s viewpoint on them. It also offers detailed information to assist businesses in identifying the right service provider for blockchain adoption.
This RadarView includes an analysis of the following service providers in the blockchain services space: Accenture, Atos, Birlasoft, Capgemini, Chainyard, Coforge, Cognizant, DataArt, Deloitte, DXC, EPAM, GFT, HCLTech, IBM, Infosys, Innominds, LTIMindtree, NTT DATA, TCS, Tech Mahindra, UST, Wipro, and Zensar.
Our evaluation of service providers is based on primary input from the providers, focused briefings, public disclosures, validation from their clients, and Avasant’s ongoing market interactions. The assessment is across the three dimensions of practice maturity, partner ecosystem, and investments and innovation, leading to our recognition of those service providers that have brought the most value to the market over the past 12 months.
About the report (Page 3)
Executive summary (Pages 4–9)
Supply-side trends (Pages 10–13)
Service provider profiles (Pages 14–60)
Appendix (Pages 61–64)
Key contacts (Page 65)
Read the Research Byte based on this report.
Please refer to Avasant’s Blockchain Services 2023–2024 Market Insights™ for demand-side trends.
Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.
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