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ICT Investment In Government Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 148 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5700885

Quick Summary:

In an age where data is king and digital transformation is rapidly occurring, the global ICT investment in government market is an area of growing importance and potential. The utilization of ICT solutions provides governments with the ability to automate processes, manage content, access real-time information, and enhance their service delivery. With this comes streamlined operations, improved accountability, and better transparency. These vital aspects underscore the ever-increasing sway of ICT in government processes and its immense market potential.

The demand for efficient services is intensifying across sectors, further emphasizing the importance of sound ICT investments. Governments worldwide are recognizing this need and are extensively investing in areas such as hardware, software, IT, and communication services. The growth of this market is fueled by a host of factors, including the move towards e-governance, cloud hosting services, and the need to bridge the technology gap. With an increased focus on IoT and cloud-based solutions, this market presents a wealth of opportunities for vendors and service providers. Make an informed decision and drive your strategic planning with this comprehensive report.

The global ICT investment in government market size reached US$ 537.8 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 696.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.28% during 2023-2028.

Information and communication technology (ICT) investment is the acquisition of equipment and computer software that supports the seamless flow of information. It comprises hardware, communication equipment, social networking, and media applications. It also encompasses internet-enabled wireless networks and antiquated technologies, such as telephones, radio, and television broadcasts. It provides access to information and services for managing content integration, data automation, process management, and accessibility in real-time. Besides this, it assists in offering an effective, efficient, accountable, and transparent organizational system. As a result, government organizations worldwide are adopting ICT investment technology to provide high-quality services.

ICT Investment In Government Market Trends:

At present, increasing business activities, expansion of government services and the growing investment flows are among the key factors positively influencing the market. Apart from this, the e-governance initiatives to simplify digital channels are catalyzing the demand for ICT in the administrative sector. Moreover, the escalating demand for enhanced products and services to solve vulnerabilities in information security due to continuous improvement in the cloud, information technology (IT), and mobility solutions, are providing a thrust to the market growth. In line with this, regional governing authorities are focusing on information and communication strategies to deploy the internet of things (IoT) and cloud-based solutions, which is creating a positive market outlook. Besides this, governments of various countries are increasing their ICT budget across their primary areas of enterprise, such as hardware, software, IT services, communication, and consulting. This, in confluence with the development in the approach of purchasing technologies adopted by government institutions, is offering better insights to ICT vendors and service providers. In addition, the rising need to bridge the infrastructure and technological gap and increasing adoption of cloud hosting services by government authorities is driving the market.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global ICT investment in government market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on solution and technology.

Breakup by Solution:

  • Devices
  • Software
  • IT Services
  • Data Center Systems
  • Communication Services

Breakup by Technology:

  • IoT
  • Big Data
  • Cloud Computing
  • Content Management
  • Security

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc.), Avaya Holdings Corp., Capgemini SE, Huawei Technologies Co. Ltd. and Nokia Corporation.

Key Questions Answered in This Report:

  • How has the global ICT investment in government market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global ICT investment in government market?
  • What are the key regional markets?
  • What is the breakup of the market based on the solution?
  • What is the breakup of the market based on the technology?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global ICT investment in government market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global ICT Investment In Government Market

What is the estimated value of the Global ICT Investment In Government Market?

The Global ICT Investment In Government Market was estimated to be valued at $537.8 Billion in 2022.

What is the growth rate of the Global ICT Investment In Government Market?

The growth rate of the Global ICT Investment In Government Market is 4.4%, with an estimated value of $696.4 Billion by 2028.

What is the forecasted size of the Global ICT Investment In Government Market?

The Global ICT Investment In Government Market is estimated to be worth $696.4 Billion by 2028.

Who are the key companies in the Global ICT Investment In Government Market?

Key companies in the Global ICT Investment In Government Market include Amazon Web Services Inc. (Amazon.com Inc.), Avaya Holdings Corp., Capgemini SE, Huawei Technologies Co. Ltd. and Nokia Corporation.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global ICT Investment In Government Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Solution
6.1 Devices
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 IT Services
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Data Center Systems
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Communication Services
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Technology
7.1 IoT
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Big Data
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Cloud Computing
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Content Management
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Security
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Amazon Web Services Inc. (Amazon.com Inc.)
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 SWOT Analysis
13.3.2 Avaya Holdings Corp.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Capgemini SE
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Huawei Technologies Co. Ltd.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Nokia Corporation
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
List of Figures
Figure 1: Global: ICT Investment In Government Market: Major Drivers and Challenges
Figure 2: Global: ICT Investment In Government Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: ICT Investment In Government Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: ICT Investment In Government Market: Breakup by Solution (in %), 2022
Figure 5: Global: ICT Investment In Government Market: Breakup by Technology (in %), 2022
Figure 6: Global: ICT Investment In Government Market: Breakup by Region (in %), 2022
Figure 7: Global: ICT Investment In Government (Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: ICT Investment In Government (Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: ICT Investment In Government (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: ICT Investment In Government (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: ICT Investment In Government (IT Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: ICT Investment In Government (IT Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: ICT Investment In Government (Data Center Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: ICT Investment In Government (Data Center Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: ICT Investment In Government (Communication Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: ICT Investment In Government (Communication Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: ICT Investment In Government (IoT) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: ICT Investment In Government (IoT) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: ICT Investment In Government (Big Data) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: ICT Investment In Government (Big Data) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: ICT Investment In Government (Cloud Computing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: ICT Investment In Government (Cloud Computing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: ICT Investment In Government (Content Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: ICT Investment In Government (Content Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: ICT Investment In Government (Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: ICT Investment In Government (Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: United States: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: United States: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Canada: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Canada: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Asia-Pacific: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Asia-Pacific: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: China: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: China: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Japan: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Japan: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: India: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: India: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: South Korea: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: South Korea: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Australia: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Australia: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Indonesia: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Indonesia: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Others: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Others: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Europe: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Europe: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Germany: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Germany: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: France: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: France: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: United Kingdom: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: United Kingdom: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Italy: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Italy: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Spain: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Spain: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Russia: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Russia: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Latin America: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Latin America: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Brazil: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Brazil: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Mexico: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Mexico: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Middle East and Africa: ICT Investment In Government Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Middle East and Africa: ICT Investment In Government Market: Breakup by Country (in %), 2022
Figure 75: Middle East and Africa: ICT Investment In Government Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Global: ICT Investment In Government Industry: SWOT Analysis
Figure 77: Global: ICT Investment In Government Industry: Value Chain Analysis
Figure 78: Global: ICT Investment In Government Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: ICT Investment In Government Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: ICT Investment In Government Market Forecast: Breakup by Solution (in Million US$), 2023-2028
Table 3: Global: ICT Investment In Government Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: ICT Investment In Government Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: ICT Investment In Government Market: Competitive Structure
Table 6: Global: ICT Investment In Government Market: Key Players

Companies Mentioned

  • Amazon Web Services Inc. (Amazon.com Inc.)
  • Avaya Holdings Corp.
  • Capgemini SE
  • Huawei Technologies Co. Ltd.
  • Nokia Corporation

Methodology

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