Global Smart Government Market is expected to reach US$ 61.6 Billion by 2024 from US$ 16.8 Billion in 2017 at a CAGR of 20.4% during a forecast period.
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Global Smart Government Market Dynamics:
The key driving factor for this market includes the growing data from multiple sources and increasing global demand for the adoption of sophisticated and smart technologies. Open government data are anticipated to offer a huge potential for effective and efficient governance this is the key growth factor for the smart government market. Major driving factors for the growth of the smart government market are increasing demand for digital mediums and smart technologies owing to technological advancements. Rising demand for technological advancements and emerging technical adoptions is helping in driving investments in the smart government market.
Global Smart Government Market Segment Analysis:
Based on type, remote monitoring solutions are expected to grow at the largest rate during the forecast period. Remote monitoring assist in tracking the assets, provides safety, and offers maximum efficiency. Another reason for the growth of the remote monitoring segment is the decrease in the costs of sensors which is creating deployment of solutions feasible.
On the basis of deployment type, the cloud sub-segment among the deployment type segment is anticipated to hold the largest market share over the forecast period. The cloud segment is expected to lead the market due to the growing adoption of cloud services by government agencies in order to achieve cost benefits, real-time access, and zero maintenance downtime.
Global Smart Government Market Regional Insights:
In terms of geography, the North American region is expected to be the fastest-growing region in the global market. The growth in the region is attributed to improved penetration of smart technologies such as IoT, cloud computing, big data, and analytics. Additionally, the growth in the spending for the deployment of small solutions across the various levels of government in the North American region.
Key players operate on the market are, Amazon Web Services, Inc., ABB Ltd., Capgemini S.A., Entrust Datacard Corporation, Huawei Technologies Co., Ltd., IBM Corporation, Nokia Corporation, Oracle Corporation, Symantec Corporation, Avaya Inc., Cisco Systems, Inc., Hughes identification Devices Global Corporation, Imex Systems, Inc., OpenGov, Socrata, UTI Group.
Scope of the Global Smart Government Market: Inquire before buying
Global Smart Government Market, by Types
• Solution
• Government resource planning system
• Security
• Analytics
• Remote monitoring
• Network management
• Open data platform
• Service
• Professional services
• Managed services
Global Smart Government Market, by Deployment Type
• On-premises
• Hosted/Cloud
Global Smart Government Market, by Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America.
Global Smart Government Market Key Players
• Amazon Web Services, Inc.
• ABB Ltd.,
• Capgemini S.A.,
• Entrust Datacard Corporation,
• Huawei Technologies Co., Ltd.,
• IBM Corporation,
• Nokia Corporation,
• Oracle Corporation,
• Symantec Corporation
• Avaya Inc.,
• Cisco Systems, Inc.
• Hughes identification Devices Global Corporation
• Imex Systems, Inc.
• OpenGov
• Socrata
• UTI Group.
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