Smart Governments Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026
The implementation of advanced technologies,
innovative policies, and business models to address the
environmental, financial, and service challenges faced by
governmental organizations is known as smart government. The concept
of smart government is based on communication network and information
systems. Increasing adoption of smart technologies by various
governmental bodies has resulted in growth of smart government
market. Furthermore, increasing demand for smart technology by
consumer and requirement to secure data from different sources
compels the governments to process data for digital transformation,
which is driving growth of smart government market.
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Cloud-based deployment model is expected to grow
with the largest CAGR during the forecast period due to increasing
adoption of cloud technology by various governmental bodies to
achieve real-time access, cost benefits, and reliability.
Remote monitoring segment is projected to grow
with a significant CAGR over the forecast period, owing to less cost
of sensors, which have propelled the demand for remote monitoring
smart solutions. Remote monitoring assists government bodies to
monitor and track their deployed asset. Moreover, some of the
advantages offered by remote monitoring such as safety assurance,
proactive solutions for advanced failure situations, and operational
visibility and analysis are fueling growth of smart government
market.
Professional services segment held dominant
position in the smart government market in 2016 and is projected to
retain its dominance throughout the forecast period. The need for
maintenance and technological consulting has increased the demand for
professional services in the smart government market.
Smart Governments Market Outlook – North
America holds the dominant position
On the basis of geography, global smart government
market is segmented into North America, Europe, Asia Pacific, Latin
America, Middle East, and Africa. North America held the dominant
position in the global smart governments market in 2016 and is
projected to retain its dominance throughout the forecast period. The
U.S. and Canada region are gaining significant traction in smart
governments market, owing increasing adoption of cloud computing and
Internet of Things, which in turn have boosted growth of market in
this region. Furthermore, presence of major companies offering smart
government’s solution and service are fuel market growth in this
region. For instance, Oracle Corporation, IBM Corporation, and Amazon
Web Services.
Key Companies in the Global Smart
Governments Market
Key players operating in smart government market
include UTI Group, Amazon Web Services, Inc., Abb Ltd., Avaya Inc.,
Cisco Systems, Inc., Capgemini S.A., Entrust Datacard Corporation,
Hughes Identification Devices (Hid) Global Corporation, Huawei
Technologies Co., Ltd., Imex Systems Inc., Nokia Corporation,
International Business Machines (Ibm) Corporation, Opengov, Socrata,
Oracle Corporation, and Symantec Corporation
Smart Government Market Taxonomy
On the basis of deployment model, the smart
governments market is segmented into:
-
On-premises model
-
Cloud-based model
On the basis of solution, the smart governments
market is segmented into:
-
Analytics
-
Government Resource Planning System
-
Security
-
Remote Monitoring
-
Network Management
-
Open Data Platform
-
Others
On the basis of service, the smart governments
market is segmented into:
-
Professional Services
-
Managed Services
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