Market Overview:
The global blockchain in government market is expected to grow from USD 1.01 Billion in 2018 to USD 7.68 Billion by 2030, at a CAGR of 31.0% during the forecast period. The growth of this market can be attributed to the increasing demand for transparent and secure government transactions, rising awareness about the benefits of blockchain technology among government organizations, and growing number of pilot projects and proofs-of-concept (POCs) across different regions. However, lack of standardization and interoperability among blockchains are some major factors restraining the growth of this market. Based on type, the public blockchain segment is expected to hold the largest share in the global blockchain in government market during the forecast period.
Product Definition:
A blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as "completed" blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Public Blockchain:
Public blockchain is a distributed database that can be read by all. It is public because it is shared with no restrictions on who may access the information. The technology behind this type of blockchain has been used for quite some time, as Bitcoin and other cryptocurrencies are based on this technology. This type of network allows for faster transactions at lower costs, which has resulted in its increased popularity among businesses worldwide.
The global market size was valued at USD 645 million in 2018.
Private Blockchain:
Private blockchain is a permissioned chain. Permissioned means only members in an organization can access the information available on the blockchain. Private blockchains are used by organizations to manage supply chain activities, financial transactions, and other processes efficiently. They offer benefits such as improved efficiency of operations and cost-saving which is expected to drive market growth over the forecast period.
Application Insights:
The public sector blockchain application segment led the market in 2017 and is projected to continue its dominance over the forecast period. The key factors contributing to this growth include government initiatives that support the adoption of blockchain technology, such as ¢â‚¬Å“Blockchain for Land Records Management¢â‚¬ in Honduras and ¢â‚¬Å“E-Government India Initiative¢â‚¬ by the Indian government. These initiatives are expected to drive demand for solutions across various sectors, including land records management, e-voting, smart contracts, and others.
The healthcare industry is one of the prominent users of public blockchains due to their ability to securely store data about patients' medical history on a distributed ledger system.
Regional Analysis:
The North American region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The U.S. government has exhibited a high level of interest in exploring the potential use cases of blockchains, which has propelled regional growth.
The Asia Pacific region is projected to register significant growth during the forecast period owing to increasing investments from governments as well as private organizations towards developing innovative solutions based on blockchains technology for various applications such as supply chain management, healthcare record keeping, voting systems etc.
Growth Factors:
- Increased transparency and accountability in government operations due to the immutable and transparent nature of blockchain technology.
- The ability to streamline government processes through the use of smart contracts, which can automate many tasks currently done manually.
- Reduced costs associated with government operations due to the efficiency of blockchain technology in reducing paperwork and eliminating intermediaries.
- Improved security for citizens’ data as a result of the decentralized nature of blockchain technology networks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Blockchain In Government Market Research Report
By Type
Public Blockchain, Private Blockchain, Others
By Application
Healthcare, Public Transport, Supply Chain, Logistics, Others
By Companies
IBM (US), SAP (Germany), Microsoft (US), Oracle (US), Deloitte (US), AWS (US), Bitfury (Netherlands), Auxesis Group (India), Cegeka (Netherlands), Factom (US), BTL (Canada), SpinSys (US), OTC Exchange Network (US), Blocko (South Korea), Symbiont (US), Brainbot Technologies (Germany), Guardtime (Estonia), BigchainDB (Germany), Somish (India), RecordsKeeper (Spain), Intel (US), Accenture (Ireland), Blockchain Foundary (Singapore)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Blockchain In Government Market Report Segments:
The global Blockchain In Government market is segmented on the basis of:
Types
Public Blockchain, Private Blockchain, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare, Public Transport, Supply Chain, Logistics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM (US)
- SAP (Germany)
- Microsoft (US)
- Oracle (US)
- Deloitte (US)
- AWS (US)
- Bitfury (Netherlands)
- Auxesis Group (India)
- Cegeka (Netherlands)
- Factom (US)
- BTL (Canada)
- SpinSys (US)
- OTC Exchange Network (US)
- Blocko (South Korea)
- Symbiont (US)
- Brainbot Technologies (Germany)
- Guardtime (Estonia)
- BigchainDB (Germany)
- Somish (India)
- RecordsKeeper (Spain)
- Intel (US)
- Accenture (Ireland)
- Blockchain Foundary (Singapore)
Highlights of The Blockchain In Government Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Public Blockchain
- Private Blockchain
- Others
- By Application:
- Healthcare
- Public Transport
- Supply Chain
- Logistics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Blockchain In Government Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Blockchain technology is being used in government to improve transparency and efficiency. For example, it can be used to create a digital record of transactions that is tamper-proof. This could help reduce corruption and make government more accountable.
Some of the major companies in the blockchain in government market are IBM (US), SAP (Germany), Microsoft (US), Oracle (US), Deloitte (US), AWS (US), Bitfury (Netherlands), Auxesis Group (India), Cegeka (Netherlands), Factom (US), BTL (Canada), SpinSys (US), OTC Exchange Network (US), Blocko (South Korea), Symbiont (US), Brainbot Technologies (Germany), Guardtime (Estonia), BigchainDB (Germany), Somish (India), RecordsKeeper (Spain), Intel (US), Accenture (Ireland), Blockchain Foundary (Singapore).
The blockchain in government market is expected to register a CAGR of 31%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blockchain In Government Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blockchain In Government Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blockchain In Government Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blockchain In Government Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blockchain In Government Market Size & Forecast, 2018-2028
4.5.1 Blockchain In Government Market Size and Y-o-Y Growth
4.5.2 Blockchain In Government Market Absolute $ Opportunity
Chapter 5 Global Blockchain In Government Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Blockchain In Government Market Size Forecast by Type
5.2.1 Public Blockchain
5.2.2 Private Blockchain
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Blockchain In Government Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Blockchain In Government Market Size Forecast by Applications
6.2.1 Healthcare
6.2.2 Public Transport
6.2.3 Supply Chain
6.2.4 Logistics
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blockchain In Government Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blockchain In Government Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Blockchain In Government Analysis and Forecast
9.1 Introduction
9.2 North America Blockchain In Government Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Blockchain In Government Market Size Forecast by Type
9.6.1 Public Blockchain
9.6.2 Private Blockchain
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Blockchain In Government Market Size Forecast by Applications
9.10.1 Healthcare
9.10.2 Public Transport
9.10.3 Supply Chain
9.10.4 Logistics
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Blockchain In Government Analysis and Forecast
10.1 Introduction
10.2 Europe Blockchain In Government Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Blockchain In Government Market Size Forecast by Type
10.6.1 Public Blockchain
10.6.2 Private Blockchain
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Blockchain In Government Market Size Forecast by Applications
10.10.1 Healthcare
10.10.2 Public Transport
10.10.3 Supply Chain
10.10.4 Logistics
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Blockchain In Government Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Blockchain In Government Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Blockchain In Government Market Size Forecast by Type
11.6.1 Public Blockchain
11.6.2 Private Blockchain
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Blockchain In Government Market Size Forecast by Applications
11.10.1 Healthcare
11.10.2 Public Transport
11.10.3 Supply Chain
11.10.4 Logistics
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Blockchain In Government Analysis and Forecast
12.1 Introduction
12.2 Latin America Blockchain In Government Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Blockchain In Government Market Size Forecast by Type
12.6.1 Public Blockchain
12.6.2 Private Blockchain
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Blockchain In Government Market Size Forecast by Applications
12.10.1 Healthcare
12.10.2 Public Transport
12.10.3 Supply Chain
12.10.4 Logistics
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Blockchain In Government Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Blockchain In Government Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Blockchain In Government Market Size Forecast by Type
13.6.1 Public Blockchain
13.6.2 Private Blockchain
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Blockchain In Government Market Size Forecast by Applications
13.10.1 Healthcare
13.10.2 Public Transport
13.10.3 Supply Chain
13.10.4 Logistics
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blockchain In Government Market: Competitive Dashboard
14.2 Global Blockchain In Government Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM (US)
14.3.2 SAP (Germany)
14.3.3 Microsoft (US)
14.3.4 Oracle (US)
14.3.5 Deloitte (US)
14.3.6 AWS (US)
14.3.7 Bitfury (Netherlands)
14.3.8 Auxesis Group (India)
14.3.9 Cegeka (Netherlands)
14.3.10 Factom (US)
14.3.11 BTL (Canada)
14.3.12 SpinSys (US)
14.3.13 OTC Exchange Network (US)
14.3.14 Blocko (South Korea)
14.3.15 Symbiont (US)
14.3.16 Brainbot Technologies (Germany)
14.3.17 Guardtime (Estonia)
14.3.18 BigchainDB (Germany)
14.3.19 Somish (India)
14.3.20 RecordsKeeper (Spain)
14.3.21 Intel (US)
14.3.22 Accenture (Ireland)
14.3.23 Blockchain Foundary (Singapore)
