In this rapidly changing world of technology, smart government market is projected to show major growth prospects during the forecast period. The growth of availability of data from all over the globe needs adoption of advanced technologies to maintain data complexities.
Market Highlights:
Smart government provides improved capacity and utilization of data retracted from remote monitoring solutions.
As compared to other regions, the smart government market in North America is expected to witness significantly healthy growth, owing to the presence of key vendors like Amazon Web Services and Oracle Corporation established in that region.
U.S and Canada are anticipated to drive the growth of smart government market.
This is owing to the presence of large number of established players like IBM Corporation, Amazon Web Services and Oracle Corporation in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of mobile devices with provision of high speed connectivity and is expected to be a major factor for the growth of smart government market.
The Smart Government Market is growing rapidly over 19% of CAGR and is expected to reach at approx. USD 37 billion by the end of forecast period.
Major Key Players:
- Amazon Web Services, Inc. (U.S.)
- Capgemini SE (France)
- Cisco Systems, Inc. (U.S.)
- Entrust Datacard Corporation (U.S.)
- Huawei Technologies Co., Ltd. (China)
- IBM Corporation (U.S.)
- Imex Systems Inc. (Canada)
- Nokia Corporation (Finland)
- Oracle Corporation (U.S.)
- Symantec Corporation (U.S.)
Smart Government Market Segmentation:
The smart government market has been segmented on the basis of solution, service and deployment. The deployment segment comprises of cloud and on premise deployment out of which cloud being the more popular approach for storage of data.
This is due to the flexible data retrieval and cost effective solutions provided by cloud services.
Market Research Analysis:
The global smart government market, by geography, has been segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. In the global smart government market, Asia Pacific is anticipated to witness relatively faster adoption and hence the growth rate is also faster as compared to other regions.
Within Asia Pacific, remote monitoring segment is projected to contribute faster share growth of revenue backed by growth in increasing adoption of cloud deployment services in countries such as Japan, China and India.
Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of smart government market.
In Europe, the presence of advanced infrastructure ensures higher penetration of mobile devices which ultimately helps in driving the market growth.
Smart government market in the South America region is anticipated to witness relatively slower market growth. However, Brazil and Argentina among other countries are projected to witness slow yet steady growth.
Smart government market in Middle East and Africa occupies a relatively smaller pie of the global smart government market. Within Middle East and Africa counties including UAE, South Africa and Saudi are driving the growth.
Here smart government is gaining popularity and is expected to increase significant market share during the forecast period.
Regional Analysis:
The regional analysis of smart government market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period.
The major growth in Smart government market in North America attributes to the technical advancements and increasing use of mobiles and tablets in that region.
By: Market Research Future (WhaTech Agency).
Photo: Informed Infrastructure.
Review: Emerging Market Formulations & Research Unit, Flagship Records.