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Blockchain Market In Government Forecast (2018-2023)

The worldwide Blockchain in Government market is expected to grow at a CAGR of 84.5% in the course of the forecast period i.e. from 2018 to 2023. The increasing adoption of Blockchain in Government market in multiple application areas, such as growing interest in adoption of blockchain by the agencies of the government and fraudulent activities continuously increasing in public sector etc. has been the key driver for the market. The market has also been segmented on the basis of type such as public, private and consortium Blockchain.

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Blockchain Market In Government Forecast (2018-2023)

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  1. A Glimpse of What Lies Ahead for the Blockchain Market in Government Market

  2. North America will dominate the Blockchain Market in Government Market : Americas region holds the largest market share and growth in the Block chain 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. Contact : sales@industryarc.com

  3. Selected Regulatory 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. Contact : sales@industryarc.com

  4. 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. Contact : sales@industryarc.com

  5. Key Players of the Blockchain Market In Government Market Microsoft Corporation (U.S.) Kroger IBM Corporation (U.S.) Deloitte Touche Tohmatsu Limited (U.S.) Ripple (U.S.) • • • • Download Sample Report Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Company Profile Analyst Briefing Data Tables Key Contacts Contact : sales@industryarc.com

  7. 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, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

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