Smart government is all about the future of government services, which involves increased efficiency, community leadership, mobile working, and continual development via innovation. It entails the use of technology to aid and promote improved planning and decision-making. It also helps to improve democratic procedures and change how public services are delivered. E-government, the efficiency agenda, and mobile working are all part of it.
The development of digital technology is impacting government-run public services, with the goal of facilitating information sharing with the citizens. Smart city projects are supported by the government renewing public services in a more advantageous manner. In addition, the objective of the smart city initiative is to develop good services that encourage public engagement in government activities. These factors notably contribute toward the growth of the global smart government market. However, expensive IT infrastructure requirements and concerns over data breaches and cyber-attacks are some of the factors that hamper the market growth. On the contrary, increasing acceptance of cloud computing in the public sector is expected to aid the growth of the market in future. In addition, surge in adoption of digital services emerging economies and rapid digitalization in public sector are expected to provide lucrative opportunities for the market growth in the coming years.
The smart government market is segmented into component, type, deployment model, and region. By component, the market is categorized into solution and service. Depending on type, it is segregated into analytics, security, remote monitoring, network management, government resource planning system, participatory democracy, and others. By deployment model, it is segmented into on-premise and cloud. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The smart government market analysis includes top companies operating in the market such as ABB Ltd., Amazon Web Services, Inc., Avaya Inc., Capgemini S.A., Cisco Systems, Inc., CitizenLab, Decidim, Huawei Technologies Co., Ltd., Imex Systems Inc., Nokia Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the smart government industry.
The development of digital technology is impacting government-run public services, with the goal of facilitating information sharing with the citizens. Smart city projects are supported by the government renewing public services in a more advantageous manner. In addition, the objective of the smart city initiative is to develop good services that encourage public engagement in government activities. These factors notably contribute toward the growth of the global smart government market. However, expensive IT infrastructure requirements and concerns over data breaches and cyber-attacks are some of the factors that hamper the market growth. On the contrary, increasing acceptance of cloud computing in the public sector is expected to aid the growth of the market in future. In addition, surge in adoption of digital services emerging economies and rapid digitalization in public sector are expected to provide lucrative opportunities for the market growth in the coming years.
The smart government market is segmented into component, type, deployment model, and region. By component, the market is categorized into solution and service. Depending on type, it is segregated into analytics, security, remote monitoring, network management, government resource planning system, participatory democracy, and others. By deployment model, it is segmented into on-premise and cloud. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The smart government market analysis includes top companies operating in the market such as ABB Ltd., Amazon Web Services, Inc., Avaya Inc., Capgemini S.A., Cisco Systems, Inc., CitizenLab, Decidim, Huawei Technologies Co., Ltd., Imex Systems Inc., Nokia Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the smart government industry.
Key Benefits For Stakeholders
- The study provides in-depth analysis of the global smart government market along with the current trends and future estimations to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the global smart government market size are provided in the report.
- The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global smart government market from 2021 to 2031 is provided to determine the market potential.
Key Market Segments
By Type
- Analytics
- Security
- Remote Monitoring
- Network Management
- Government Resource Planning System
- Participatory Democracy
- Others
By Component
- Solution
- Service
By Deployment Model
- On-Premise
- Cloud
By Region
- North America
- U.S.
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Capgemini S.A.
- Cisco Systems, Inc.
- CitizenLab
- DECIDIM
- Huawei Technologies Co. Ltd.
- Imex Systems Inc.
- Nokia Corporation
- ABB Ltd.
- Amazon Web Services, Inc.
- Avaya Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SMART GOVERNMENT MARKET, BY COMPONENT
CHAPTER 5: SMART GOVERNMENT MARKET, BY TYPE
CHAPTER 6: SMART GOVERNMENT MARKET, BY DEPLOYMENT MODEL
CHAPTER 7: SMART GOVERNMENT MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Smart Government Market,' the smart government market was valued at $21.9 billion in 2021, and is estimated to reach $124.7 billion by 2031, growing at a CAGR of 19.4% from 2022 to 2031.Demand for digital media and smart technologies has risen as a result of technical improvements, resulting in a spike in expenditures in smart government technologies throughout the world, which is expected to fuel market expansion. Moreover, due to increase in population, cooperation with other areas, and the introduction of new policies/initiatives, government data creation has increased significantly. However, concerns about data privacy and data breaches, as well as insufficient financing and the consequent suspension of government initiatives in the middle of development, limit smart government industry expansion.
Furthermore, the increased acceptance of cloud computing by governments in a growing number of nations presents the industry with attractive growth potential. For example, the Idaho State Controller's Office launched the Transparent Idaho program in June 2019 in collaboration with OpenGov, a cloud software supplier for government budgeting, communications, and performance. The infusion of data from a variety of sources allows governments to plan for digital transformation and the use of smart technology.
By component, the solution segment acquired major share. Citizens are increasingly using smartphone applications to report public service complaints while also giving proof in the form of images or other media assets. These applications use the device's GPS position to efficiently route necessary personnel and manage reported concerns in a single platform. Thus, these factors had promoted the growth of the segment in smart government market forecast.
Region wise, North America dominated the market in 2020. The smart government market has benefited from the increased use of digital technologies across several business verticals in North America, such as retail, finance, and telecommunications. The availability of well-established ICT infrastructure in the North American area has substantially aided the market for smart government in the region.
The demand for smart government has increased considerably during the COVID-19 pandemic. This is attributed to increased digitalization among citizens and initiatives by governing bodies across the globe to curb the spread of virus by initiating various policies for public sectors. Moreover, smart government market is expected to grow despite economic downturn of various economies owing to increase in adoption of digital services. Thus, these factors promoted the growth of the smart government industry during the pandemic situation.
Key findings of the Study
- By type, the government resource planning system segment led the highest smart government market share, in terms of revenue in 2021.
- On the basis of component, the service segment is expected to exhibit the fastest growth rate during the forecast period.
- Region wise, North-America generated the highest revenue in 2021 in smart government market size. The smart government market has benefited from the increased use of digital technologies across numerous business verticals in North America, such as retail, finance, and telecommunications.
Companies Mentioned
- Capgemini S.A.
- Cisco Systems, Inc.
- CitizenLab
- DECIDIM
- Huawei Technologies Co. Ltd.
- Imex Systems Inc.
- Nokia Corporation
- ABB Ltd.
- Amazon Web Services, Inc.
- Avaya Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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