Smart Government Market Segmentation, Trends, Competitive Landscapes, Industry Growth, Revenue and Companies Overview – Forecast till 2020
Smart Government Market-Overview
The global smart government market is expected to grow at approx. USD 37 Billion by 2026, at 19% of CAGR between 2020 and 2026.
Smart government relies on information systems and communication networks. It uses business models, innovative policies and technology for making everyday challenges easier. Major driving factors for the growth of smart government market are growing demand for digital mediums and smart technologies owing to technological advancements. Increasing demand for technological advancements and emerging technical adoptions is helping in driving investments in the smart government market.
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The well-known companies in smart government market are Capgemini SE (France), Entrust Datacard Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), IBM Corporation (U.S.), Oracle Corporation (U.S.), Imex Systems Inc. (Canada), Cisco Systems, Inc. (U.S.), Nokia Corporation (Finland), Symantec Corporation (U.S.) among others.
Based on the solutions, the smart government market comprises of remote monitoring, government resource planning system, security, and analytics. Based on the deployments, the smart government market is bifurcated into on-premise and cloud. Based on the regions, the smart government market comprises of Asia Pacific, North America, Europe and rest of the regions in the world.
Detailed Regional Analysis
The regional investigation of the Smart Government Market includes regions such as Asia Pacific, North America, Europe and rest of the regions in the world. On the basis of region, the global market for smart government is segmented into Europe, North America, Asia Pacific and rest of the world (RoW). The market in North America is expected to remain highly lucrative throughout the assessment period. Presence of leading technology companies and increasing trends of digitization is reflecting favourably on the region’s market. Meanwhile, Asia Pacific is expected to exhibit the highest CAGR from 2020 to 2026.
Competitive AnalysisThe unsteadiness in the forces of demand and supply is expected to produce an advantageous bearing on the market taken as a whole in the forecast period. The restitution and operations on a daily basis are anticipated to take some time, which will show the way to concentrated development of the backlogs created in delivery. The financial backing provided by the administrations and trade bodies is anticipated to reclaim the situation in the approaching years.
May 2020 Hong Kong’s Smart Government Innovation Lab has continued its delivery of solutions developed by its supported firms has created a solution that is now set to be bought by other government agencies, firms, and academic institutions. The solution called OceanX Share, which is a safe document sharing system can assist users in keeping data confidential; prevent the scarcity of data and compliance with regulations, such as GDPR and the Personal Data (Privacy) Ordinance.
LIST OF TABLES
TABLE 1 SMART GOVERNMENT MARKET, BY SOLUTION
TABLE 2 SMART GOVERNMENT MARKET, BY SERVICE
TABLE 3 SMART GOVERNMENT MARKET, BY DEPLOYMENT
TABLE 4 SMART GOVERNMENT MARKET, BY REGIONS
TABLE 5 NORTH AMERICA SMART GOVERNMENT MARKET, BY SOLUTION
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 SMART GOVERNMENT MARKET, BY SOLUTION (%)
FIGURE 3 SMART GOVERNMENT MARKET, BY SERVICE (%)
FIGURE 4 SMART GOVERNMENT MARKET, BY DEPLOYMENT (%)
FIGURE 5 SMART GOVERNMENT MARKET, BY REGIONS (%)
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