Smart Government Market Research Report- Global Forecast 2027

Smart Government Market, By Solution (Government Resource Planning System, Security, Analytics, Remote Monitoring), Service (Professional Services, Managed Services), Deployment (Cloud, On-Premise) - Forecast 2027

ID: MRFR/ICT/2267-HCR | February 2021 | Region: Global | 100 pages

Smart Government Market scenario


Smart government means the extension of e-government that gives information, operational technologies, communication to all the operational field across various domains. The smart government market is driven by many well-established market players/entities. The main motive of the smart government is to make business models, technology, and innovative policies to face different challenges. The growing demand for smart technologies and digital mediums is behind the growth of the smart government indusrty. The technological advancement in all fields and the adoption of technology helping in increasing investments in the market. The smart government market is expected to grow a lot more in the coming years.


The smart government indusrty is divided on the basis of service, deployment, and solution. The solution part is again divided into branches such as open data platforms, security, management, analytics, government resource planning system and etc. Out of all these segments, remote monitoring solutions are expected to grow at the fastest rate. The aim of remote monitoring is to help in providing security, maximum efficiency, and tracking assets. And the other factor driving the growth of remote monitoring is affordability.


With the help of a smart government, the need of physical documents is not needed. The physical hardware re not efficient enough, and it may run out of storage because there are a huge amount of data to store. In this case, the smart government can help out the organization, and it is on the rise. For example, for the better coordination of sanitization services, the city of Louisville sending reminders to the local people, and in this way, the people will get a text before the junk is scheduled for curbside pickup. Cloud technology is the next big thing nowadays, and there is no doubt about it. Cloud technology provides transparency to the government and the people. It is also helping people to solve complex public problems.


Covid-19 analysis


Covid-19 has boosted the demand for the smart government market because so many people are affected due to this pandemic, and the government needed to make sure that their needs are fulfilled. It only requires a digital way to do its work. The covid-19 pandemic has brought a disaster to many business organizations, and markets but the smart government indusrty isn’t part of it. The global market fully depended on technologies and digital mediums, so covid-19 hasn’t affected smart government indusrty growth.


Market Dynamics


The smart government market has contributed largely to society. Government data generation is on the rise, and with the growth of population, new policies, GDP increase, new business organizations opening.


Partnership with other regions can get out of storage, and it’s when the Smart government comes to the rescue. These are the reasons for smart government market growth. Cloud for government is growing every day, and vendors are providing hybrid, private, and public cloud solutions for government data-related management and security. There is a rapid growth in the global market growth all over the world, and it helps to reduce corruption. It brings a wide range of knowledge to government platforms. The government stores a large amount of data, records, public policies, schemes, so it becomes very important to store them safely. The government needs to make sure that storage capacity is big and it won’t be a problem to store a huge amount of data, and that is why the smart government indusrty is very important. The security service providers, research firms, government organizations, cloud services providers, professional service providers are contributing to the success of the market.


Restraints for the market


The major restraints that affect the growth of the smart government indusrty are inadequate funding and it’s halting the development of government projects midway. The smart government needs high funds to work, and if the funding is low, then it will be a problem for the smart government to work. 


Challenges in the market


The global market faces so many challenges, such as storing a large amount of data safely. With the growing population, the amount of data that need to be kept safe is also increasing, and it’s the responsibility of the smart government market to keep it safe. The market has a huge amount of data, so it is a challenge to keep it safe as there are many cyberbullies who attack to steal data, and the safety of data is on the line. Keeping the data safe from cybercrime is one of the biggest challenges for the smart government indusrty.


Opportunities for the market


Smart government market opportunities are growing due to the need to store large amounts of data, policies, schemes, and records. With the advancement of technology, the opportunities for the smart government indusrty are also growing. The hardware failure, security problem, and storage problem, and data loss impact the productivity of the government offices, so the cloud becomes the best option to storage government data. And for this reason, global market opportunities are on the rise.


Cumulative growth of market


The smart government market is increasing every day with technical advancement. The cloud deployment segment has huge growth, and it is expected to growing more in the smart government indusrty forecast period due to the increased adoption of cloud technology by government agencies. Government has a huge collection of policies, data, and schemes. Therefore they need the help of the smart government industry, and it is driving the growth of the market.


Value chain analysis


The global smart government market size is growing rapidly, and it is expected to grow at $37 billion by the year 2023, at a 19% CAGR between 2017 and 2023. The smart government indusrty key players are the reason behind this huge market growth. 


Smart Government Market Segment overview


The smart government market can be divided on the basis of the following:


By solution



  • Security

  • Network management

  • Open data platform

  • Remote monitoring

  • Analytics

  • Government resources planning system


By service



  • Manages service

  • Professional service


By development



  • Cloud 

  • On-premise


By regions



  • North America

  • Asia-pacific

  • Europe 


Regional analysis


The regional market analysis is a part of studies in the region such as North America, Europe, Asia Pacific, and other regions. North America is responsible for the highest market share. The major growth of the government market is shown in the North American region due to technical advancement and uses of mobiles and tablets in the region.


The Asia Pacific is expected to grow faster in the market forecast period. Asia-pacific is in the middle of the cloud technology transformation, and the increasing number of smartphones and tablets is causing the market boost in this region. 


Competitive landscape analysis


The key players are the reason behind the smart government market growth, and the key players are driving the market



  • Cisco Systems, Inc. (U.S.), 

  • (China), 

  • IBM Corporation (U.S.),

  • Amazon Web Services, Inc. (U.S.), 

  • Entrust Datacard Corporation (U.S.),

  • Imex Systems Inc. (Canada), 

  • Nokia Corporation (Finland), 

  • Huawei Technologies Co., 

  • Capgemini SE (France),

  • Oracle Corporation (U.S.)

  • Symantec Corporation (U.S.) 


These are the smart government market key players, and they are these are contributing largely to the market such as Cisco Systems, Inc. (U.S.), Ltd. (China), IBM Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Entrust Datacard Corporation (U.S.), Imex Systems Inc. (Canada), Nokia Corporation (Finland), but among these key players amazon is the top contributes the most.


Recent developments



  • In April 2020, The State of Idaho in the United States got into a partnership with a solution provider enterprise cloud software is OpenGov, with a motive to utilize OpenGov’s Forms and Workflow software for admin of CARES act monitoring and distribution. The states aim to use the technology to make sure federal funds are allocated to combat the COVID-19 pandemic, which is the priority and distributes through all the state agencies and local governments.

  • In April 2020, OpenGov Inc. launched OpenGov Financials, and it is financial management technology that increases its cloud-based software offerings and is designed for the local government. This technology will allow the government to run their daily report, forecast, and budget using only one online platform. This software will help to eliminate the need for physical documents like cash receipts, time cards, invoices, and it will help to reduce the workload.


Report overview



  • The market scenario highlights the market

  • Covid-19 analysis

  • Market dynamics explanation

  • Regional analysis of market

  • Competitive landscape analysis 

  • Recent Developments of market

  • Segmentation overview



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 37 Billion (2023)
  CAGR   19% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Solution, Service
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Cisco Systems, Inc. (U.S.), Ltd. (China), IBM Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Entrust Datacard Corporation (U.S.), Imex Systems Inc. (Canada), Nokia Corporation (Finland).
  Key Market Opportunities   The State of Idaho in the United States got into a partnership with a solution provider enterprise cloud software is OpenGov, with a motive to utilize OpenGov’s Forms and Workflow software for admin of CARES act monitoring and distribution.
  Key Market Drivers   The smart government market is driven by many well-established market players/entities. The main motive of the smart government is to make business models, technology, and innovative policies to face different challenges.


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Frequently Asked Questions (FAQ) :


The global smart government market is expected to record a substantial market valuation of up to USD 37 billion by 2025.

The global smart government market is projected to register a moderate 19% CAGR in the forecast period.

The managed service segment is expected to witness the fastest growth over the review period.

A few major market players operating in the global smart government market are Imex Systems Inc. (Canada), Oracle Corporation (U.S.), Nokia Corporation (Finland), Symantec Corporation (U.S.) among others.

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 SMART GOVERNMENT MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY SOLUTION

6.2.1.1 SECURITY

6.2.1.2 ANALYTICS

6.2.1.3 GOVERNMENT RESOURCE PLANNING SYSTEM

6.2.1.4 REMOTE MONITORING

6.2.1.5 OPEN DATA PLATFORM

6.2.1.6 NETWORK MANAGEMENT

6.2.1.7 OTHERS

6.2.2 BY SERVICE

6.2.2.1 PROFESSIONAL SERVICE

6.2.2.2 MANAGED SERVICE

6.2.3 BY DEPLOYMENT

6.2.3.1 CLOUD

6.2.3.2 ON PREMISE

6.2.4 BY REGION

6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA-PACIFIC

6.2.4.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 AMAZON WEB SERVICES, INC. (U.S.)

7.2.2 CAPGEMINI SE (FRANCE)

7.2.3 CISCO SYSTEMS, INC. (U.S.)

7.2.4 ENTRUST DATACARD CORPORATION (U.S.)

7.2.5 HUAWEI TECHNOLOGIES CO., LTD. (CHINA)

7.2.6 IBM CORPORATION (U.S.)

7.2.7 IMEX SYSTEMS INC. (CANADA)

7.2.8 NOKIA CORPORATION (FINLAND)

7.2.9 ORACLE CORPORATION (U.S.)

7.2.10 SYMANTEC CORPORATION (US)

7.2.11 OTHERS


LIST OF TABLES

TABLE 1 SMART GOVERNMENT MARKET, BY SOLUTION

TABLE 2 SMART GOVERNMENT MARKET, BY SERVICE

TABLE 3 SMART GOVERNMENT MARKET, BY DEPLOYMENT

TABLE 4 SMART GOVERNMENT MARKET, BY REGIONS

TABLE 5 NORTH AMERICA SMART GOVERNMENT MARKET, BY SOLUTION

TABLE 6 NORTH AMERICA SMART GOVERNMENT MARKET, BY SERVICE

TABLE 7 NORTH AMERICA SMART GOVERNMENT MARKET, BY DEPLOYMENT

TABLE 8 U.S. SMART GOVERNMENT MARKET, BY SOLUTION

TABLE 9 U.S. SMART GOVERNMENT MARKET, BY SERVICE

TABLE 10 U.S. SMART GOVERNMENT MARKET, BY DEPLOYMENT

TABLE 11 CANADA SMART GOVERNMENT MARKET, BY SOLUTION

TABLE 12 CANADA SMART GOVERNMENT MARKET, BY SERVICE

TABLE 13 CANADA SMART GOVERNMENT MARKET, BY DEPLOYMENT

TABLE 14 GERMANY SMART GOVERNMENT MARKET, BY SOLUTION

TABLE 15 GERMANY SMART GOVERNMENT MARKET, BY SERVICE

TABLE 16 GERMANY SMART GOVERNMENT MARKET, BY DEPLOYMENT

TABLE 17 U.K. SMART GOVERNMENT MARKET, BY SOLUTION

TABLE 18 U.K. SMART GOVERNMENT MARKET, BY SERVICE

TABLE 19 U.K. SMART GOVERNMENT MARKET, BY DEPLOYMENT

TABLE 20 EUROPE SMART GOVERNMENT MARKET, BY SOLUTION

TABLE 21 EUROPE SMART GOVERNMENT MARKET, BY SERVICE

TABLE 22 EUROPE SMART GOVERNMENT MARKET, BY DEPLOYMENT

TABLE 23 FRANCE SMART GOVERNMENT MARKET, BY SOLUTION

TABLE 24 FRANCE SMART GOVERNMENT MARKET, BY SERVICE

TABLE 25 FRANCE SMART GOVERNMENT MARKET, BY DEPLOYMENT

TABLE 26 ASIA-PACIFIC SMART GOVERNMENT MARKET, BY SOLUTION

TABLE 27 ASIA-PACIFIC SMART GOVERNMENT MARKET, BY SERVICE

TABLE 28 ASIA-PACIFIC SMART GOVERNMENT MARKET, BY DEPLOYMENT

TABLE 29 REST OF THE WORLD SMART GOVERNMENT MARKET, BY SOLUTION

TABLE 30 REST OF THE WORLD SMART GOVERNMENT MARKET, BY SERVICE

TABLE 31 REST OF THE WORLD SMART GOVERNMENT MARKET, BY DEPLOYMENT


LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 SMART GOVERNMENT MARKET, BY SOLUTION (%)

FIGURE 3 SMART GOVERNMENT MARKET, BY SERVICE (%)

FIGURE 4 SMART GOVERNMENT MARKET, BY DEPLOYMENT (%)

FIGURE 5 SMART GOVERNMENT MARKET, BY REGIONS (%)

FIGURE 6 NORTH AMERICA SMART GOVERNMENT MARKET, BY SOLUTION (%)

FIGURE 7 NORTH AMERICA SMART GOVERNMENT MARKET, BY SERVICE (%)

FIGURE 8 NORTH AMERICA SMART GOVERNMENT MARKET, BY DEPLOYMENT (%)

FIGURE 9 EUROPE SMART GOVERNMENT MARKET, BY SOLUTION (%)

FIGURE 10 EUROPE SMART GOVERNMENT MARKET, BY SERVICE (%)

FIGURE 11 EUROPE SMART GOVERNMENT MARKET, BY DEPLOYMENT (%)

FIGURE 12 ASIA-PACIFIC SMART GOVERNMENT MARKET, BY SOLUTION (%)

FIGURE 13 ASIA-PACIFIC SMART GOVERNMENT MARKET, BY SERVICE (%)

FIGURE 14 ASIA PACIFIC SMART GOVERNMENT MARKET, BY DEPLOYMENT (%)

FIGURE 15 REST OF THE WORLD SMART GOVERNMENT MARKET, BY SOLUTION (%)

FIGURE 16 REST OF THE WORLD SMART GOVERNMENT MARKET, BY SERVICE (%)

FIGURE 17 REST OF THE WORLD SMART GOVERNMENT MARKET, DEPLOYMENT (%)