Smart Government Market: Global Industry Analysis and Key Trends (2023-2029)

Smart Government Market size was valued at US$ 29.78 Bn. in 2022 and the total revenue is expected to grow at 20.5% through 2023 to 2029, reaching nearly US$ 109.88 Bn.

Smart Government Market Overview:

Smart government is the management of government and administration activities via the integration of intelligent information and communication technology. To generate long-term public benefit, smart governments apply information, operational, and communication technology to all operational areas across different domains, authorities, and process areas. Because smart government is data-driven, citizen-centric, and performance-driven, it greatly enhances democratic processes and modifies the delivery of public services.Smart Government MarketTo know about the Research Methodology :- Request Free Sample Report

Smart Government Market Dynamics:

Demand for digital mediums and smart technologies as a result of technological improvements has resulted in a spike in investments for smart government technologies around the world, which is expected to fuel market growth. Furthermore, government data generation has increased exponentially as a result of increasing census data (ever-increasing population), cooperation with other regions, and the implementation of new policies/initiatives. Legacy systems based on physical hardware, on the other hand, may run out of space due to inefficiency. As a result, demand for smart governance is increasing, boosting market growth even more. Furthermore, the increased volume of data from various sources allows governments to be better prepared for digital transformation, which leads to the deployment of smart technology. Furthermore, the emergence of technology such as mobile apps, big data analytics, and social media technologies enabled citizens to communicate with the government, accelerating market growth even further. Growing implementation of smart technologies by governing agencies across various countries is a critical factor driving market growth; additionally, rising consumer widespread use of digital technology and the need to secure data from various sources process data for digitalisation, rising adoption of cloud services, big data, and Internet of Things (IoT), and going up towards digital revolution are major factors driving the smart governments market, among others. However, worries about data privacy and data breaches, as well as insufficient funding and the consequent halting of government project development midway, may limit market growth to some amount throughout the projection period. On the other hand, the growing acceptance of cloud computing by governments in a large number of countries presents lucrative growth potential for the business. For example, in June 2022, the Idaho State Controller's Office collaborated with OpenGov, a cloud software supplier for government budgeting, communications, and performance, to establish the Clear Idaho programme.

COVID-19: Implementing Smart government during and after the epidemic:

The COVID-19 situation has also resulted in new demands for smart government services as well as increased demand for current services. Government developers were mobilised and affianced in developing new apps and services to aid in the fight against COVID-19. Among these new services are those that distribute food and other obligatory products to those in need by improving the whole supply chain using smart government services. Due to an increase in claims for unemployment and other social benefits, several Member States saw an increase in the use of online services such as digital ID and digital signature.

Smart Government Market Segment Analysis:

Based on the Types, the global Smart Government market is sub-segmented into Solution and Service. The Service segment held the largest market share of xx% in 2022. The service segment is further sub-segment into Professional Services and Managed Services. This is due to the increasing deployment of smart solutions that necessitate ongoing maintenance and support, as well as technological consulting, which is driving up demand for professional services. The Solution segment held the 2nd largest market share of xx% in 2022. The solution is further sub-segment into Government resource planning system, Security, Analytics, Remote monitoring, Network management, and Open data platform. This is owed, in large part, to the solution's exceptional capacity to manage and monitor the health of deployed assets. Other benefits of remote monitoring systems, including as increased capacity and utilisation, safety assurance, operational visibility and analysis, pre-emptive solutions for asset failure scenarios, and reduced asset downtime, are projected to propel the segment. Another factor for the segment's rise is the decreasing cost of sensors, which makes deployment of such solutions viable and cost-effective.Smart Government MarketBased on the Deployment Mode, the global Smart Government market is sub-segmented into and On-premises. The Cloud segment held the largest market share of xx% in 2022. Stoppages at government offices reduce productivity owing to hardware failures, software configuration issues, security breaches, and data loss. As a result, because government funds are limited and on-premise solutions become more expensive as data volume increases, the cloud is a reliable alternative for storing government data. Governments save a significant amount of data in the form of user information, public policies, and plans. As a result, it is vital that the government implements a solid and secure storage solution to ensure that all services are available on demand. However, the On-premises held the 2nd largest market share of xx% in 2022. The fact that on-premise solutions provide greater protection for government data is propelling this market forward.

Smart Government Market Regional Insights:

The Asia Pacific held the 2nd largest market share of xx% in 2022 and it is expected to grow at the highest CAGR of xx% in the global Smart Government market during the forecast period. Asia-Pacific is undergoing a change fueled by cloud technologies. Because of the growing popularity of smartphones and tablets, large corporations are locating their cloud data centers in Asia-Pacific. Cloud services are seen as a potential by the governments of Australia and Singapore to improve government service delivery outcomes by eliminating redundancy, enhancing agility, and offering information and communication technology services at a lower cost. In light of the coronavirus pandemic, the government of India is employing public financial management system (PFMS) technology to transfer more than INR 36,659 crore to the bank accounts of 16.01 crore beneficiaries via direct benefit transfer (DBT) between March 24 and April 17, 2021. North America held the largest market share of xx% in 2022. The United States and Canada are leading to higher traction in the smart governments market, thanks to an increased usage of cloud computing and the Internet of Things, which has driven market growth in this area. Furthermore, the presence of significant players offering smart government solutions and services is fueling market growth in this region. For example, Oracle Corporation, IBM Corporation, and Amazon Web Services. The objective of the report is to present a comprehensive analysis of the global Smart Government Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Smart Government Market dynamic, structure by analyzing the market segments and project the global Smart Government Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Smart Government Market make the report investor’s guide.

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Smart Government Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 29.78 Bn.
Forecast Period 2023 to 2029 CAGR: 20.5% Market Size in 2029: US $ 109.88 Bn.
Segments Covered: by Types Solution Government resource planning system Security Analytics Remote monitoring Network management Open data platform Service Professional services Managed services
by Deployment Mode Cloud On-premises

Smart Government Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Smart Government Market Key Players are:

1. Amazon Web Services, Inc. 2. ABB Ltd., 3. Capgemini S.A. 4. Entrust Datacard Corporation 5. Huawei Technologies Co., Ltd. 6. IBM Corporation 7. Nokia Corporation 8. Oracle Corporation 9. Symantec Corporation 10.Avaya Inc. 11.Cisco Systems, Inc. 12.Hughes identification Devices Global Corporation 13.Imex Systems, Inc. 14.OpenGov 15.Socrata 16.UTI Group. 17.Global Corporation

Frequently Asked Questions:

1] What segments are covered in Smart Government Market report? Ans. The segments covered in Smart Government Market report are based on Types, and Deployment Mode. 2] Which region is expected to hold the highest share in the global Smart Government Market? Ans. North America is expected to hold the highest share in the global Smart Government Market. 3] What is the market size of global Smart Government Market by 2029? Ans. The market size of global Smart Government Market by 2029 is US $ 109.88 Bn. 4] Who are the top key players in the global Smart Government Market? Ans. Amazon Web Services, Inc., ABB Ltd., Capgemini S.A., Entrust Datacard Corporation and Huawei Technologies Co., Ltd. IBM Corporation are the top key players in the global Smart Government Market. 5] What was the market size of global Smart Government Market in 2022? Ans. The market size of global Smart Government Market in 2022 was US $ 29.78 Bn.
1. Global Smart Government Market: Research Methodology 2. Global Smart Government Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Smart Government Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Smart Government Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Smart Government Market Segmentation 4.1 Global Smart Government Market, by Types (2022-2029) • Solution o Government resource planning system o Security o Analytics o Remote monitoring o Network management o Open data platform • Service o Professional services o Managed services 4.2 Global Smart Government Market, by Deployment Mode (2022-2029) • Cloud • On-premises 5. North America Smart Government Market(2022-2029) 5.1 North American Smart Government Market, by Types (2022-2029) • Solution o Government resource planning system o Security o Analytics o Remote monitoring o Network management o Open data platform • Service o Professional services o Managed services 5.2 North America Smart Government Market, by Deployment Mode (2022-2029) • Cloud • On-premises 5.3 North America Smart Government Market, by Country (2022-2029) • United States • Canada • Mexico 6. Asia Pacific Smart Government Market (2022-2029) 6.1. Asia Pacific Smart Government Market, by Types (2022-2029) 6.2. Asia Pacific Smart Government Market, by Deployment Mode (2022-2029) 6.2. Asia Pacific Smart Government Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Smart Government Market (2022-2029) 7.1. Middle East and Africa Smart Government Market, by Types (2022-2029) 7.2. Middle East and Africa Smart Government Market, by Deployment Mode (2022-2029) 7.3. Middle East and Africa Smart Government Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Smart Government Market (2022-2029) 8.1. Latin America Smart Government Market, by Types (2022-2029) 8.2. Latin America Smart Government Market, by Deployment Mode (2022-2029) 8.3 Latin America Smart Government Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 9. European Smart Government Market (2022-2029) 9.1. European Smart Government Market, by Types (2022-2029) 9.2. European Smart Government Market, by Deployment Mode (2022-2029) 9.3 European Smart Government Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Amazon Web Services, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. ABB Ltd., 10.3. Capgemini S.A. 10.4. Entrust Datacard Corporation 10.5. Huawei Technologies Co., Ltd. 10.6. IBM Corporation 10.7. Nokia Corporation 10.8. Oracle Corporation 10.9. Symantec Corporation 10.10. Avaya Inc. 10.11. Cisco Systems, Inc. 10.12. Hughes identification Devices Global Corporation 10.13. Imex Systems, Inc. 10.14. OpenGov 10.15. Socrata 10.16. UTI Group. 10.17. Global Corporation

About This Report

Report ID 7559
Category Information Technology & Telecommunication
Published Date June 2023
Updated Date
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