By 2023 Blockchain Government Market will surpass $3,458.8 Million from $162.0 Million in 2018
By 2023 Blockchain Government Market will surpass $3,458.8 Million from $162.0 Million in 2018
[139 Pages Report] Blockchain government market categorizes the global market by provider as application providers, middleware providers, and infrastructure providers, by application as asset registry, identity management, payments, smart contracts, voting, and others, and by region

According to researchreport " Blockchain Government Market by Provider (Application Providers, Middleware Providers,and Infrastructure Providers), Application (Asset Registry, IdentityManagement, Payments, Smart Contracts, Voting, and Others), and Region - GlobalForecast to 2023", The blockchaingovernment market is expected to grow from USD 162.0 Million in 2018 to USD3,458.8 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.5%during the forecast period.

The major factors drivingthe blockchain government market include need to provide protection againstdata tampering, upswing in the usage of blockchain technology to createtransparent and decentralized government, and increase in efficiency and speedin public sector transactions.

Browse andin-depth TOC on “BlockchainGovernment Market

33- Tables

32- Figures

139- Pages   

Download PDF Brochure@               

The applicationproviders segment is expected to grow at the highest CAGR in the globalblockchain government market during the forecast period

The blockchaingovernment market has been segmented on the basis of providers into 3categories: application providers, middleware providers, and infrastructureprovider. These providers offer infrastructure to develop in theblockchain-based platforms. Among these types, application providers is thefastest growing segment in the overall blockchain government market. Theintroduction of technologically advanced blockchain solutions has witnessed acertain level of adoption in government agencies thereby fueling the overallmarket growth.

North America isexpected to hold the largest market size in the blockchain government marketduring the forecast period

North America isestimated to account for the largest share of the overall market in 2018. Theregion is considered as the most advanced in technology adoption andinfrastructure. The wide presence of key industry players of blockchaintechnology solutions in this region is the main driving factor for theblockchain government market. Governments in this region are moving toward theadoption of the blockchain technology. US governments have recognized theblockchain technology’s potential for the delivery of public services, andstarted adopting this technology to develop business applications. Moreover,the Canada Federal government is exploring the blockchain technology to boostthe innovation economy.

Inquiry Before Buying@

The smart contractssegment is estimated to hold the largest market size in the blockchain governmentmarket in 2018

The smart contractssegment is expected to dominate the blockchain government market in terms ofits contribution to the overall market shares, as government agencies aredeploying blockchain-based smart contracts to reduce the costs of verification,execution, arbitration, and fraud prevention. The blockchain technologyovercomes the existing limitations of smart contracts in terms of privacy,scalability, auditability, confidentiality, and performance.

Major blockchaintechnology vendors include IBM (US), SAP (Germany), Microsoft (US), Oracle(US), Deloitte (US), AWS (US), Infosys (India),  Bitfury (theNetherlands), Auxesis Group (India), Cegeka (the Netherlands), Factom (US), BTL(Canada), SpinSys (US), OTC Exchange Network (US), ModulTrade (UK), Blocko(South Korea), Symbiont (US), brainbot technologies (Germany), Guardtime(Estonia), BigchainDB (Germany), Somish (India), RecordsKeeper (Spain), Intel(US), Accenture (Ireland), and Blockchain Foundary (Singapore).

About MarketsandMarkets™

MarketsandMarkets™provides quantified B2B research on 30,000 high growth nicheopportunities/threats which will impact 70% to 80% of worldwide companies’revenues. Currently servicing 5000 customers worldwide including 80% of globalFortune 1000 companies as clients. Almost 75,000 top officers across eightindustries worldwide approach MarketsandMarkets™ for their painpoints aroundrevenues decisions.

Our 850 fulltime analystand SMEs at MarketsandMarkets™ are tracking global high growth marketsfollowing the "Growth Engagement Model – GEM". The GEM aims atproactive collaboration with the clients to identify new opportunities,identify most important customers, write "Attack, avoid and defend"strategies, identify sources of incremental revenues for both the company andits competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants(Positioning top players across leaders, emerging companies, innovators,strategic players) annually in high growth emerging segments.MarketsandMarkets™ is determined to benefit more than 10,000 companies thisyear for their revenue planning and help them take theirinnovations/disruptions early to the market by providing them research ahead ofthe curve.

MarketsandMarkets’s flagshipcompetitive intelligence and market research platform,"Knowledgestore" connects over 200,000 markets and entire valuechains for deeper understanding of the unmet insights along with market sizingand forecasts of niche markets.

Mr. AashishMehra.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Content Source: