Smart Government Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
"Smart Government Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect.
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Description-
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-- Smart government is an extension of e-government which applies information, communication, and operational technologies to all operational areas across multiple domains, process areas, and jurisdictions to generate sustainable public value. The smart government market is characterized by the presence of numerous well-established and highly competitive market entities/players. These players adopt various strategies like expansion, acquisition, partnership, collaboration, and technology to gain competitive advantage and defend their market share. The market is also characterized by growth in R&D activities in recent times. The global smart government market is expected to showcase impressive growth in the coming years.
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There are many factors driving the global smart government market. Growth in demand for digital mediums and smart technologies is attributed to technological advancements leading to increased investments in smart government technology which is expected to be a major driver of the market. High acceptance rate of cloud computing even from countries that have regular concerns about data privacy and security is also expected to boost the market’s growth. Moreover, growth in the data generated from multiple sources which can be processed for digital transformation is also expected to propel the market. However, issues about data privacy and data theft are expected to be a major restraint in the growth of the global smart government market. The market is also expected to be hindered by the threat from hackers and data breaches.
-- The global smart government market can be segmented on the basis of solution, service, deployment, and geography. On the basis of solution, the market can be segmented into security, analytics, government resource planning system, remote monitoring, open data platform, network management and others. Amongst these solutions, remote monitoring solutions are anticipated to grow at a substantial rate during the forecast period. This is primarily due to the solution’s impressive ability to track and monitor the health of the deployed assets. Other advantages provided by remote monitoring solutions such as improved capacity and utilization, safety assurance, operational visibility and analysis, proactive solutions for asset failure situations, and reduced asset downtime are also expected to drive the segment. Another reason for the growth of the segment is the declining cost of sensors which in turn is making deployment of such solutions feasible and economical.
-- On the basis of service, the market can be divided into professional services and managed services.Professional services segment is expected to hold prominent share during the forecast period owing to the increased deployment of smart solutions that need technological consulting, and continuous support & maintenance. On the basis of deployment, the market can be segmented into cloud and on-premise.On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold a major share of the total market owing to prominent developments in the smart government market resulting from the technical advancements and increasing use of mobiles and tablets in that region. Europe, driven by countries like U.K., Germany, and France, is expected to follow North America in terms of market share. Across Europe, the presence of advanced infrastructure is expected to ensure higher penetration of mobile devices which ultimately helps in driving the smart government market in the region. Middle East & Africa and South America are expected to hold a smaller share of the market, mainly driven by countries such as Saudi Arabia and Brazil respectively.
-- Major players in the global smart government market are Amazon Web Services, Inc., Capgemini SE, Cisco Systems, Inc., Entrust Datacard Corporation, Huawei Technologies Co., Ltd., IBM Corporation, Imex Systems Inc., Nokia Corporation, Oracle Corporation, and Symantec Corporation. Other prominent players include ABB Ltd., Avaya Inc., Hughes Identification Devices (HID) Global Corporation, OpenGov, Inc., Socrata, Inc. and UTI Grup Ltd.
-- The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
-- The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
-- The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
-- The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
-- A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
-- Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
-- Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.-- --
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