Blockchain Reshapes Governments: $704.1B Opportunity by 2030

The "Blockchain Government - Global Strategic Business Report" has been introduced to ResearchAndMarkets.com's offerings. This report delves into the burgeoning sector within the Government industry, which is rapidly embracing blockchain technology to enhance operational efficiency and security. It emphasizes blockchain's role as a distributed ledger system that fosters secure and transparent transactions. Governments worldwide are adopting blockchain to streamline processes, cut costs, bolster security, and fortify data integrity.

Market Projections

The global Blockchain Government market was valued at $7.2 Billion in 2022 and is predicted to surge to $704.1 Billion by 2030, with an impressive CAGR of 77.3% during the assessment period from 2022 to 2030. The Application Providers segment is expected to lead with an 83.2% CAGR, reaching $421.9 Billion by the end of the analysis period.

Regional Analysis

The report provides an all-encompassing analysis of the global Blockchain Government market across various geographical regions. The US market was valued at $2.2 Billion in 2022, while China, the world's second-largest economy, is projected to reach $94 Billion by 2030, growing at a CAGR of 71.1% during the period from 2022 to 2030.

Market Segmentation

The market is segmented into categories including Application Providers, Middleware Providers, Infrastructure Providers, Smart Contracts, Payments, Asset Registry, Voting, Identity Management, and Other Applications. For each segment, the report offers independent analyses of annual sales in US$ thousands and the percentage CAGR for the forecasted period.

Key Players

The "Blockchain Government - Global Strategic Business Report" profiles major industry players, including Accenture, Auxesis Group, AWS, Bigchaindb, Bitfury, Blockchain Foundry, Blocko, Brainbot Technologies, BTL, Cegeka, among others.

About ResearchAndMarkets.com

ResearchAndMarkets.com is the foremost source for international market research reports and market data. It provides the latest information on global and regional markets, key industries, top companies, new products, and emerging trends.

More Information : https://www.techdogs.com/tech-news/pr-newswire/blockchain-technology-revolutionizes-governments-creating-a-7041-billion-market-opportunity-by-2030

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