An exceptional "Smart Governments Market" report assists the business in every sphere of trade to easily take unmatched decisions, to tackle the toughest business questions and diminish the risk of failure. To execute market research study; competent and advanced tools and techniques viz SWOT analysis and Porter's Five Forces Analysis have been employed. The report gives estimations on the market status, growth rate, future trends, market drivers, opportunities, challenges, entry barriers, risks, sales channels, and distributors. Because businesses can accomplish great benefits with the different and all-inclusive segments covered in "Smart Governments Market" research report, every bit of market that can be included here is tackled carefully.
Data Bridge Market Research analyses that the smart governments market which was growing at a value of 21.85 billion in 2021 and is expected to reach the value of USD 92.09 billion by 2029, at a CAGR of 19.70% during the forecast period of 2022-2029.
"Smart Governments Market" report is a wide-ranging and object-oriented which is framed after the combination of an admirable industry experience, talent solutions, industry insight and most modern tools and technology. The market parameters covered here include but are not limited to latest trends, market segmentation, new market entry, industry forecasting, target market analysis, future directions, opportunity identification, strategic analysis, insights and innovation. Here, market segmentation is carried out in terms of markets covered, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions.
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Market Definition:
Smart government is defined as the use of intelligently networked information and communication (ICT) technology to manage government and administrative business activities. This portfolio includes initiatives in e-government and open government, as well as big data and open data. It is entirely concerned with long-term government and administrative activity in the age of the internet of things and the internet of services, both of which are based on the internet of systems, the internet of people, and the internet of data.
Some of the major players operating in the smart governments market are:
- IBM Corporation (U.S.)
- Microsoft (U.S.)
- Siemens AG (Germany)
- ANSYS, Inc (U.S.)
- SAP SE (Germany)
- Oracle (U.S.)
- Robert Bosch GmbH (Germany)
- Swim.ai, Inc. (U.S.)
- Atos S.E. (France)
- ABB (Switzerland)
- KELLTON TECH (India)
- AVEVA Group plc (U.K.)
- DXC Technology Company (U.S.)
- Altair Engineering, Inc (U.S.)
- Hexaware Technologies Limited (India)
- Tata Consultancy Services Limited (India)
- Infosys Limited (India)
- NTT DATA, Inc. (Japan)
- TIBCO Software Inc. (U.S.)
Smart Governments Market Regional Analysis/Insights
The global smart governments market is analysed and market size insights and trends are provided by country, solution and services as referenced above.
The countries covered in the smart governments market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to hold the largest market share during the forecast period due to the increasing penetration of smartphones and connected devices, prompting organisations to establish cloud data centres in the region. Cloud services are seen as an opportunity by governments across the region to improve government service delivery by lowering unemployment, increasing responsiveness, and delivering information and communication technology services at a lower cost.
North America is expected to have the highest growth rate during the forecast period due to increased spending on smart solution deployment across various government levels and rising penetration of smart technologies such as big data, Internet of Things (IoT), analytics, and cloud computing.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Smart Governments Market Scope
The smart governments market is segmented on the basis of solution and services. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Solution
- Government Resource Planning System
- Security
- Analytics
- Open Data Platform
- Network Management
- Remote Monitoring
Services
- Professional
- Managed
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