The blockchain government market is expected to grow from USD 162.0 Million in 2018 to USD 3,458.8 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.5% during the forecast period.
The blockchain government market is driven by various factors, such as the growing interest in the adoption of blockchain technology by government agencies and increasing instances of fraudulent activities in the public sector. However, the lack of a common set of regulatory standards and uncertain regulatory landscape and lack of awareness and technical understanding about blockchain technology can hinder the market growth.
A new report as a Blockchain Government market that includes a comprehensive analysis of the global market. This includes investigating past progress, ongoing market scenarios, and future prospects. Accurate data on the products, strategies and market share of leading companies in this particular market are mentioned. This report provides a 360-degree overview of the global market’s competitive landscape. The report further predicts the size and valuation of the global Blockchain Government market during the forecast period.
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Top Key Players:
IBM (US), SAP (Germany), Microsoft (US), Oracle (US), Deloitte (US), AWS (US), Infosys (India), Bitfury (the Netherlands), 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).
The data comprised in the blockchain government market research report has been taken by accessing case studies, and by taking contributions from top diligence leaders. The chief sections of the market have been highlighted. These segments have been presented by giving information on their present and prophesied state by the end of the forecast. This information would help the upcoming players to estimate the investment scope within the segments and sub-segments of the global blockchain government industry.
The global blockchain government market has been examined across several global regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, and Europe. The degree of competition among top key players has been described by presenting all-informative data of global key players. Furthermore, it makes use of graphical presentation techniques for presenting the essential facts during the study of the global blockchain government market. Collectively, this innovative research report helps to make well-informed business decisions in businesses.
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In This Study, The Years Considered To Estimate The Size Of Blockchain Government Market Are As Follows:
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- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027