Smart Government Technologies Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Solutions (Analytics, Government Resource Planning System, Security, Planning System, Remote Monitoring, and Others), By Services (Professional Services, Managed Services), By Deployment (Cloud, On-Premises), By Region, Competition

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format

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Smart Government Technologies Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Solutions (Analytics, Government Resource Planning System, Security, Planning System, Remote Monitoring, and Others), By Services (Professional Services, Managed Services), By Deployment (Cloud, On-Premises), By Region, Competition

Global smart government technologies market

Intelligently networked Information and Communication Technology (ICT), handles government and administrative business procedures in smart government technologies. This portfolio encompasses e-government and open government efforts, as well as big data and found at data. It is entirely concerned with long-term government and administrative activities in the age of Internet of Things and Internet of Services. Both these things are built on Internet of Systems, People, and Data.

The ability of citizens to interact with government services in new ways is propelling the industry, thanks to the rise in smart technologies and their respective use, by governments in many nations.

The rise in government investments in Smart Government Technologies technology and the high acceptance rate of cloud-based solutions are driving the growth of the smart government technologies market. Furthermore, increased smartphone penetration, combined with a fast internet connectivity, an increase in consumer preference for smart government technologies, and widespread adoption of e-government features in developing countries, all contribute to the growth of the smart government technologies market.

Rising Demand for Digitalization of Government Operations

Technical advancements that result in rising government expenditure on smart technology, which has been a key market driver, are expected to increase the demand for digital media and smart technologies. Governments are also being forced to digitize legal processes involved in Passport creation, Aadhar cards, etc. Additionally, mobile services like apps and SMSs make it simpler and more targeted for customers to get the services they require. By including citizens in decision-making, policy development, budget prioritization, problem solving, and service co-design, these e-participation technologies also encourage greater citizen cooperation. Additionally, the growing demand for the digitalization of various operations has been aided by the increased use of smartphones. Thus, use of new technologies by the government raises, the demand for digitalization of government plans.

Governments are Increasingly Using Cloud Technologies

Due to various technological advancements, government organizations are increasingly using cloud technologies. Government workloads place a high focus on security, and the benefits provided by cloud solutions are essential to maintaining the government's control over classified information. For example, Los Angeles' IT infrastructure underwent a massive shift in March 2019. Its mainframe was transferred to the state data center of the California Department of Technology (CDT) in Sacramento. Additionally, the extraordinary obstacles faced by government institutions during the pandemic seemed to be designed for the cloud's capabilities. Unexpected increase in service demand were easily met due to the cloud's instant scalability.

The Market for Remote Monitoring is Anticipated to Expand Drastically

The exceptional capacity to monitor and track the health of deployed assets in 2022, is expected to lead to a rise in the Remote Monitoring sub-part throughout the predicted period. The category's rise is also fueled by other remote monitoring system advantages, such as proactive responses to asset failure scenarios, greater capacity and utilization, operational visibility, safety assurance, analysis, and decreased asset downtime. The industry is also expanding due to the falling price of sensors, which makes implementing such solutions, practical and affordable.

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Market Segmentation

Global

Market player


MIR Segment1

Recent Development

  • The "eGov Information eXchangeproject" which aims to produce, compile, and share comprehensive, reliableknowledge on e-government, mostly from India, will be launched by the Indiangovernment in the middle of 2023. The website summarizes policy directives andlessons learned related to the National e-Governance Plan (NeGP) and othernational and state-level initiatives in India.
  • March 2022 - The epidemic has raised thedemand for training in digital skills, according to research findings issued byAmazon Web Services (AWS). According to the survey, 27.3 million more Indianworkers, or 7% of the labor force, are anticipated to require digital skillsover the course of the next year.

Attribute

Details

Base Year

2022

Historic Data

2018 â€“ 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

·         By Solutions

·         By Services

·         By Deployment

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Russia, Spain; Netherlands; Italy; Brazil; Colombia; Argentina; Peru; Chile; Africa, Saudi Arabia; South Africa; UAE; Israel; Turkey

Key companies profiled

Cisco Systems, Inc, Amazon Web Services, Inc, Huawei Technologies Company, Microsoft Corporation, Oracle Corporation, Capgemini SE, ABB Ltd, Siemens AG, International Business Machines Corporation, Telefonaktiebolaget LM Ericsson.

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