Smart Government Market is predicted to reach USD 37 Billion at a CAGR of 19% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the โGlobal Smart Government Marketโ that contains information from 2018 to 2030. The Smart Government market is estimated to register a CAGR of 19% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Smart Government marketโ Amazon Web Services, Inc., ABB Ltd., Capgemini S.A. Entrust Datacard Corporation, Huawei Technologies Co., Ltd., IBM Corporation, Nokia Corporation, Oracle Corporation, Symantec Corporation, Avaya Inc. and Cisco Systems, Inc..
Market Highlights
The global Smart Government market is accounted to register a CAGR of 19% during the forecast period and is estimated to reach USD 37 Billion by 2030.
The smart government market involves the implementation of advanced technologies and digital solutions by governmental bodies to enhance efficiency, transparency, and citizen services. It encompasses areas like e-governance, data analytics, IoT, and AI-driven systems, empowering governments to deliver improved public services, streamline operations, and promote citizen engagement in a digitally connected ecosystem.
Segment Analysis
The global Smart Government market has been segmented based on Types and Deployment Mode
On the basis of Types, the market is segmented into Solution and Service. In 2022, the Service segment had the highest market share of xx%. Professional services and managed services are two more sub-segments within the service segment.
Based on Deployment Mode, the global Smart Government market has been segmented into Cloud and On-premises. In 2022, the Service segment had the highest market share of xx%. Professional services and managed services are two more sub-segments within the service segment.
Regional Analysis
The global Smart Government market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Smart Government market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Smart Government market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Smart Government market comprises of Middle East, Africa, and Latin America.
In 2022, the Asia Pacific region had the second-largest market share at xx%, and during the forecast period, it is anticipated to expand at the highest CAGR of xx%. Cloud technologies are driving transformation in the Asia-Pacific region.
In 2022, North America had the highest market share of xx%. Due to increased use of cloud computing and the Internet of Things, which have fueled market growth in this sector, the United States and Canada are leading the way in terms of market traction for smart governments.
The governments of Australia and Singapore believe that cloud services have the potential to improve government service delivery outcomes by reducing redundancy, increasing agility, and providing information and communication technology services at a lower price.
The market growth in this region is also being fueled by the existence of prominent companies providing smart government solutions and services. Oracle Corporation, IBM Corporation, and Amazon Web Services are a few examples.
Key Findings of the Study
- The global Smart Government market is expected to reach USD 37 Billion by 2030, at a CAGR of 19% during the forecast period.
- North America had the highest market share of xx%. Due to increased use of cloud computing and the Internet of Things, which have fueled market growth in this sector
- Based on Types, the Service segment had the highest market share
- Amazon Web Services, Inc., ABB Ltd., Capgemini S.A. Entrust Datacard Corporation, Huawei Technologies Co., Ltd., IBM Corporation, Nokia Corporation, Oracle Corporation, Symantec Corporation, Avaya Inc. and Cisco Systems, Inc.
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Companies Covered | 15 |
Pages | 100 |
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