China's BaaS Market Reached 2.07 Billion Yuan in 2025, Ant Digital Technologies Leads

According to the IDC report 'China BaaS Market Share, 2025', China's blockchain-as-a-service (BaaS) market grew 7.4% year-on-year to 2.07 billion yuan in 2025. Ant Digital Technologies (Ant Group) ranked first with a 32.4% market share, followed by Tencent Cloud and Inspur. IDC noted that trusted data spaces and AI large models are driving market growth, with BaaS evolving toward intelligent smart contracts and on-chain data analysis. Ant Chain continues to lead in blockchain patents, supporting 2 billion accounts and 100,000 TPS.