Smart government market is estimated to exhibit high growth potential during the forecast period owing to increasing popularity of data analytics and rapid growth in the use of smartphones and digital platforms. Smart government market has been segmented on the basis of solution, service and deployment. The deployment segment comprises of cloud and on-premise deployment. The cloud deployment is expected to grow at the highest rate during the forecast period owing to increasing adoption of cloud services which offer flexible data retrieval and real time access. Cloud services are cost effective and they require no maintenance as they are not stored on the server which ultimately reduces the costs of deployment.
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Major factors driving the growth of smart government market are increased need for security and more feasible business operations. Smart government relies on cross domain interoperability which helps in integrated planning and flexible business operations. Increasing demand for a better and a more digitized lifestyle is another factor driving the growth of smart government market. Big Data is another factor that continues to present government with information management and processing issues that exceed the capability of traditional IT that helps in supporting the use of information assets which ultimately helps in managing of data for the smart government projects.
The major restraining factor in the growth of smart government market is the low funding for smart government projects. Due to this, the growth can be affected and can cause hindrance in the development of smart government projects.
According to Market Research Future Analysis, Smart Government Market has been valued at approx. USD 37 Billion by the end of forecast period with 19% of CAGR during forecast period 2018 to 2023.
Market Research Future (MRFR) recognizes the following companies as the key players in the smart government market – Amazon Web Services, Inc. (U.S.), Capgemini SE (France), Cisco Systems, Inc. (U.S.), Entrust Datacard Corporation (U.S.), Huawei Technologies Co., Ltd. (China), IBM Corporation (U.S.), Imex Systems Inc. (Canada), Nokia Corporation (Finland), Oracle Corporation (U.S.) and Symantec Corporation (U.S.) among others.
Study Objectives of Smart Government Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the smart government market.
- To provide insights about factors affecting the market growth.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future perspective.
- To provide country level analysis of the market for segmentation on the basis of solution, service and deployment.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for smart government
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the smart governmen
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Smart government market can be segmented on the basis of following:
- Government Resource Planning System
- Remote Monitoring
- Open Data Platform
- Network Management
- Professional Services
- Managed Services
The regional analysis of smart government market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in Smart government market in North America attributes to the technical advancements and increasing use of mobiles and tablets in that region.
- Technology investors
- Research/Consultancy firms
- System integrators
- Cloud service providers
- Security service providers
- Local, state, and central governments
- Government organizations
- Government consultants and advisors
- Analytics solutions and services providers
- Professional and managed services providers
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
Smart government market can be segmented on the basis of solution, service and deployment. The service segment is further bifurcated into professional services and managed services. Out of these, professional services sector is expected to grow at the highest CAGR during the forecast period owing to continuous need of support, maintenance and consulting activities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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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