Blockchain in Government market is expected to grow at a CAGR of 84.5% During 2018-2023

According to the new market research report by IndustryARC titled “Blockchain Market in Government Market: By Type (Public, Private and Consortium); By Application (Smart Contacts, Payments Systems, Voting, Land and other Assets Registry and Electronic Health Record); & Geography – (2018-2023)”, the market is driven by the growing interest about Blockchain technologies across business verticals.

Americas hold the largest market share in the Blockchain Market in Government Market

Americas region holds the largest market share and growth in the blockchain market in government. However, APAC is expected to witness highest growth during the forecast period. Americas Blockchain Market in Government is mainly driven by the rising concerns about fraud prevention and other security needs such as data tampering. The key applications in this region include smart contacts, and payments systems among others.

Selected Impact Analysis done in the full report

  • When the data grows from metadata to big data, the records become tough to handle. However, Blockchain technology enable the maintenance of all public distributed databases by linking them using cryptography. This way it eliminates the third party intervention and preserves the integrity of the stored information.
  • Though Blockchain Technology is originally intended for Cryptocurrency, it is now finding other potential uses and is being hailed as “digital gold”.
  • Now Blockchain technologies have penetrated deeply into every industry possible. In the words of Mark Russinovich, CTO of Microsoft Azure “we are interested in blockchain, because our customers are”.

Selected Driving Factors Mentioned in the Full Report

  • Absence of legacy financial systems in many nations is reportedly spurred the Blockchain Market in Government.
  • The Blockchain Market in Government is likely to witness exponential growth through roll outs and other commercial implications.
  • As per a study by Accenture, banks could save more than $7 billions annually by shifting certain functions to blockchain.

To access / purchase the full report browse the link below
https://industryarc.com/Report/17924/blockchain-market-in-government.html

Key Players of Blockchain Market in Government Market:

  • Microsoft, IBM, Deloitte, Infosys are the key players of the market.
  • In 2018, Infosys joined hands with seven banks namely ICICI bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, Yes Bank, and South Indian Bank to form a blockchain network for trading in India.

Blockchain Market in government Market Report is segmented as indicated below

  • Blockchain Market in government Market By Type:
    • Public
    • Private
    • Consortium
  • Blockchain Market in government Market By Application
    • Smart Contacts
    • Payments Systems
    • Voting
    • Land and other Assets Registry and Electronic Health Record
  • Blockchain Market in government Market By Geography (Covers 12 + Countries)
  • Blockchain Market in government Market By Entropy

Sample Report @ https://industryarc.com/pdfdownload.php?id=17924

What can you expect from the report?
The Blockchain Market in Government is Prepared with the Main Agenda to Cover the following 20 points:
1.Market Size by Product Categories
2.Market Trends
3.Manufacturer Landscape
4.Distributor Landscape
5.Pricing Analysis
6.Top 10 End user Analysis
7.Product Benchmarking
8.Product Developments
9.Mergers & Acquisition Analysis
10.Patent Analysis
11.Demand Analysis (By Revenue & Volume)
12.Country level Analysis (15+)
13.Competitor Analysis
14.Market Shares Analysis
15.Value Chain Analysis
16.Supply Chain Analysis
17.Strategic Analysis
18.Current & Future Market Landscape Analysis
19.Opportunity Analysis
20.Revenue and Volume Analysis

Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Or Email 2: venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, and Life sciences &Healthcare.
IndustryARC primarily focuses on cutting-edge technologies and newer applications in a market. Our custom research services are designed to provide insights on the constant flux in the global supply–demand gap of markets. Our strong team of analysts enables us to meet the client’s research needs at a rapid speed and with a variety of options.

We look forward to helping the client address its customer needs effectively, stay ahead in the market, become the top competitor, and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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