New ABI Research Says Microsoft Blockchain as a Service Takes Leading Enterprise Role over IBM
Microsoft has just reached the first position in the enterprise blockchain market according to ABI Research. The research was released a few days ago and it shows that IBM moved to the second place, very close to Microsoft.
According to the report released by ABI Research, Microsoft was able to beat competitors in terms of implementation of different products. The company has a wide range of services that are offered.
At the same time, Microsoft’s Blockchain-as-a-Service (BaaS) platform has a good integration with its Azure cloud service. This cloud service has the second largest market share around the world.
Both firms, Microsoft and IBM, are well ahead of other competitors such as Alibaba, Amazon, Baidu, Cisco, HPE; Huawei, and Oracle, among others. Each of these vendors was analyzed on innovation metrics that include market penetration, proof of concepts and pilots, and ecosystem support, among many other features.
Microsoft has been working with blockchain technology since 2015. At the moment, Microsoft is offering one of the most professional blockchain products in the market known as Azure Blockchain Workbench. However, in terms of innovation, IBM is marginally ahead.
Michela Menting, Research Director at Abi Research commented on Microsoft and blockchain technology:
“The advent of cloud offerings in the space shows that blockchain technology is ripe for productization. Microsoft and IBM are capitalizing on the numerous proof of concepts and pilots that have been tested on their platforms in the last 2 years, the first of which are already being commercialized.”
According to the report, the rest of the vendors are grouped into a peloton. However, most of them offer SaaS products and services that have different stages of developments.
ABI Research provides strategic guidance for companies and interested parties that need market foresight on specific technologies.
Just a few days ago, IBM and Columbia University announced that they are launching two accelerator programs to help startups in the crypto world to innovate with this nascent technology.