FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 703
Companies: 32 – Players covered include Accenture; Auxesis Group; AWS; Bigchaindb; Bitfury; Blockchain Foundry; Blocko; Brainbot Technologies; BTL; Cegeka and Others.
Coverage: All major geographies and key segments
Segments: Provider (Application Providers, Middleware Providers, Infrastructure Providers); Application (Smart Contracts, Payments, Asset Registry, Voting, Identity Management, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Blockchain Government Market to Reach $22.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Blockchain Government estimated at US$636.4 Million in the year 2020, is projected to reach a revised size of US$22.4 Billion by 2026, growing at a CAGR of 80.5% over the analysis period. Application Providers, one of the segments analyzed in the report, is projected to record a 85.6% CAGR and reach US$22.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Middleware Providers segment is readjusted to a revised 78.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $379.1 Million in 2021, While China is Forecast to Reach $3.5 Billion by 2026
The Blockchain Government market in the U.S. is estimated at US$379.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2026 trailing a CAGR of 75.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 72.4% and 68.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 54.1% CAGR.
Infrastructure Providers Segment to Reach US$3.3 Billion by the year 2026
In the global Infrastructure Providers segment, USA, Canada, Japan, China and Europe will drive the 69.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$110.1 Million in the year 2020 will reach a projected size of US$4.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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