The increased interest of the public sector in blockchain technology and rising cases of fraudulent activities are driving the market for blockchain in government.

The global blockchain in government market is forecast to reach USD 22.03 Billion by 2026, according to a new report by Reports and Data. Blockchain brings digital technology into real-time computing systems management. The market has the ability to change aspects of digital technology, which includes the method of conducting business, enhancing education, delivering healthcare, shopping, learning, social media, and entertainment.

Blockchain technology in the government sector are using the services to build transparent, open, and collaborative networks. The technology is a potential vehicle to improve government services and stimulate more transparent government-citizen relations. The technology works dramatically to optimize the business process through secure and more efficient data sharing.

Rapid adoption of state-of-the-art technologies such as artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), big data analytics, and cloud computing, and higher affordability and accessibility of the Internet for people across the globe are other key factors driving the global ICT market revenue growth. Emergence of the 5G technology, growing use of advanced Wi-Fi systems, growing need for faster Internet services for rapid data transfer and processing, and rising concerns of data security and user safety are factors expected to further drive market revenue growth.   

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Regional Outlook of the Blockchain in Government Market:

On the basis of region, the global Blockchain in Government market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. This section of the report throws light on the presence of the global Blockchain in Government market across the major regions of the world. Market size, sales statistics, revenue growth contribution, and other important factors related to each regional market have been discussed in this section. Additionally, the report studies other key aspects of these regional markets, such as revenue growth drivers and restraints, supply & demand graphs, changing consumer preferences, production & consumption patterns, and stringent regulatory policies.

Major Regions Highlighted in the Global Blockchain in Government Market Report:

·       North America

o   U.S.

o   Canada

o   Mexico

·       Europe

o   Germany

o   U.K.

o   Italy

o   France

o   BENELUX

o   Rest of Europe

·       Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Rest of Asia Pacific

·       Latin America

o   Brazil

o   Rest of Latin America

·       Middle East & Africa

o   Saudi Arabia

o   U.A.E.

o   South Africa

o   Rest of Middle East & Africa

Top Companies Profiled in the Report:

IBM, SAP, Oracle, Microsoft, Accenture, Infosys, AWS, Deloitte, Intel, and Ripple, among others.

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