Blockchain Government Market by Type (Public Blockchain, Private Blockchain), by Platform (Application Platform, Infrastructure Platform), by Application Type (Payment, Voting), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2019 to 2027)

Blockchain Government Market: Summary

The Global Blockchain Government Market is projected to reach a value of over USD 8.9 billion by 2027 at a CAGR of around 81.2%.

Blockchain is a technology that holds the transactional records of data and meanwhile ensuring security, transparency, and services. These technologies used to improve government services and transparent citizen rights. Moreover, it is defined as a chain or record that stored the data in the forms of blocks which can be controlled by authorized persons only.  The countries such as the UK, the US, Estonia, Switzerland, Georgie, and others are using Blockchain technology to enhance the public services as well as for new business growth. 

BLOCKCHAIN GOVERNMENT MARKET: Drivers & restraint

Market Driver:

  • Blockchain Technology for Smart Cities Initiative

The growing adoption of Blockchain technology for smart cities helps to enhance the growth in identification management and improve business infrastructures. Also, these technologies use to deliver innovative services and solutions for the citizens and local corporations. Moreover, Blockchain provides features to create a secure infrastructure for management purposes. Furthermore, the smart city uses information technology to integrate and manage and business infrastructure.

Hence, by 2021 the city of Dubai has planned to become the first Blockchain-powered smart city. Moreover, since 2012 Estonia is using many Blockchain and distributed ledger technology for tracking the citizens. These, the adoption of Blockchain technology for smart cities is expected to surge the Blockchain government market during the forecast period.

  • Highly Adoption in the Public Sector

The high adoption in the public sector which helps in the healthcare, digital currency, voting and taxation results to rise the market growth. Also, it provides security, efficiency, and speed for many public sector organizations. The Blockchain technology experiments in many public sectors which is enhancing its growth worldwide and improve its work efficiency. Moreover, it is also being used for the reduction of labor-intensive processes and to secure the storage of government, citizens, and business data.

Therefore, the high adoption in the public sector leads to rising the demand of the Blockchain government market during the forecast period.

Market Restraint:

  • Data Modification and Storage Issues

Data modification and data storage are some of the major issues of blockchain technology which can restrain the growth of the market. Once the data is stored or added in the Blockchain it is very difficult to modify or to changes. Moreover, the bitcoin blockchain requires near about 200 GB of storage which is one of the key concerns for the storage of data in the system.

Hence, these restraining factors and issues may hamper the growth of the blockchain government market.

Blockchain Government Market: Key segments

  • Based on Platform: Application Platform, Infrastructure Platform, and Middleware Platform.
  • Based on Type: Public Blockchain, Private Blockchain, and Hybrid Blockchain.
  • Based on Application: Payment, Identify Management, Voting, Digital Certificates, Supply Chain Traceability, Taxation, and Others.
  • Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis

Blockchain Government Market: Report SCOPE

The report on the blockchain government market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2027

Base Year for Market Calculation

2019

Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

 Type, Application, Platform, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

KEY Companies Covered

  • IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • SAP SE
  • Oracle
  • Microsoft
  • Amazon.com, Inc. (Amazon Web Services, Inc.)
  • Infosys Limited
  • Accenture Plc
  • Intel Corporation
  • Auxesis Services & Technologies (P) Ltd.
  • Factom
  • Other Key Companies

Blockchain Government Market: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Blockchain Government Market, by Type

  • Public Blockchain
  • Private Blockchain
  • Hybrid Blockchain

Blockchain Government Market, by Platform

  • Application Platform
  • Infrastructure Platform
  • Middleware Platform

Blockchain Government Market, by Application

  • Payment
  • Identify Management
  • Voting
  • Digital Certificates
  • Supply Chain Traceability
  • Taxation
  • Others

Blockchain Government Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions answered by the report

  • What are the important developments affecting the market globally and its growth?
  • What will be the impact of the developments in the market on the industry and on the market competitor in the future?
  • What are the evolving variations of the market worldwide?
  • What are the evolving functions of the market worldwide?
  • What is the important condition that will affect market growth worldwide during the study period?
  • Who are the major players operating in the market across the globe?
  • How are the major players leveraging in the present market scenario worldwide?

Report Audience

  • Blockchain Government Market Providers
  • Blockchain Government Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Blockchain Government Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE BLOCKCHAIN GOVERNMENT MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Blockchain Technology for Smart Cities Initiative
      2. Highly Adoption in the Public Sector
    3. Restraint
      1. Data Modification and Storage Issues
    4. Opportunities
      1. Increasing Growth for Startup
      2. Highly Adoption in BFSI Sector
    5. Challenges
      1.  Lack of Awareness About Blockchain Technology
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL BLOCKCHAIN GOVERNMENT MARKET BY PLATFORM, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Application Platform
    3. Infrastructure Platform
    4. Middleware Platform
  7. GLOBAL BLOCKCHAIN GOVERNMENT MARKET BY TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Public Blockchain
    3. Private Blockchain
    4. Hybrid Blockchain
  8. GLOBAL BLOCKCHAIN GOVERNMENT MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Payment
    3. Identify Management
    4. Voting
    5. Digital Certificates
    6. Supply Chain Traceability
    7. Taxation
    8. Others

 

 

 

  1. GLOBAL BLOCKCHAIN GOVERNMENT MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  2. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  3. COMPANY PROFILES
    1. IBM Corporation
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. SAP SE
    3. Oracle
    4. Microsoft
    5. Amazon.com, Inc. (Amazon Web Services, Inc.)
    6. Infosys Limited
    7. Accenture Plc
    8. Intel Corporation
    9. Auxesis Services & Technologies (P) Ltd.
    10. Factom
    11. Other Key Companies
  4. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

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