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Blockchain government agencies market to grow at 84.5% CAGR by 2023 detailed in new research report

Financial Services Market Research

The major blockchain technology vendors include 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), Records Keeper (Spain), Intel (US), Accenture (Ireland), and Blockchain Foundary (Singapore).

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The blockchain government market size 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.

Download Sample Copy of Blockchain Government Market; spread across 139 pages, profiling 15 companies and supported with 33 tables and 32 figures is now available at Report at www.rnrmarketresearch.com/contacts…ple?rname=1535162

The key players in the Blockchain Government Market include – 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), Records Keeper (Spain), Intel (US), Accenture (Ireland), and Blockchain Foundary (Singapore).

The market study covers the block chain government market across segments. It aims at estimating the market size and the growth potential of this market, across different segments, such asprovider, application, and region.

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The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Get More Details on Blockchain Government Market by Industry @ www.rnrmarketresearch.com/contacts…ing?rname=1535162

The blockchain government market size 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, lack of common set of regulatory standards and uncertain regulatory landscape and lack of awareness and technical understanding about the blockchain technology can hinder the market growth.

Get Blockchain Government Market by Provider (Application Providers, Middleware Providers, and Infrastructure Providers), Application (Asset Registry, Identity Management, Payments, Smart Contracts, Voting, and Others), and Region - Global Forecast to 2023 @ www.rnrmarketresearch.com/contacts…ase?rname=1535162

The application providers segment is the fastest growing segment in the blockchain government market. The blockchain government market has been categorized as, application providers, middleware providers, and infrastructure providers.

The blockchain technology provides various applications for the government sector, such as smart contracts, voting, identity management, and payments. Therefore, the demand for blockchain technology applications is increasing.

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