Decentralizing Democracy: Trends in the Global Blockchain Government Market (2023-2030)
VynZ Research
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The Global Blockchain Government Market is projected to reach USD 6,410.0 billion by 2030, registering a CAGR of 86.0% during the forecast period. Increasing adoption of blockchain from the government sector, and growing cases of fraudulent activities in the public sector, propelling the growth of the market.
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Geographically, North America has accounted for the largest share in the blockchain government market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed to the existence of a large number of players of blockchain technology in the region and also it is considered the most advanced region in terms of advanced technology adoption. Moreover, Asia-Pacific is expected to witness the fastest growth during the forecast period due to the huge investment undertaken by the government towards the development of blockchain technology to change the business processes in the government sector.