According to a research report "Smart Government Market by Solution (Government Resource Planning System, Security, Analytics, Open Data Platform, Network Management, and Remote Monitoring), Service (Professional and Managed), Deployment, and Region - Global Forecast to 2022", The smart government market size is expected to grow from USD 11.73 Billion in 2017 to USD 28.24 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 19.2%. The major driver of the smart government market is the emerging digital lifecycle of consumers, boosting the demand for smart technologies and facilitating the adoption of technologies. This is also driving investments in the smart government market.
Browse 79 market data tables and 67 figures spread through 147 pages and in-depth TOC on "Smart Government Market - Global Forecast to 2022"
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North America is expected to hold the largest market share in the smart government market during the forecast period.
As per the geographic analysis, North America is expected to witness a significant growth in the smart government market owing to the presence of major smart governments solution and services vendors in this region. Some of the vendors in the region are Amazon Web Services, IBM Corporation, and Oracle Corporation. These vendors offer better services for growing urbanized populations and help to manage complex issues, such as international conflicts and macroeconomic uncertainty. Moreover, the US Information Technology Management Reform Act of 1996 has made it mandatory for all 116 US federal departments as well as agencies to develop and use enterprise architecture for IT investment planning and decision making. This has resulted in cost savings worth USD 12.3 million and cost avoidance worth USD 9.5 million.
Market Players
The major vendors covered in the Smart Government Market include ABB Ltd. (Switzerland), Amazon Web Services, Inc. (US), Avaya Inc. (US), Cap Gemini S.A. (France), Cisco Systems, Inc. (US), Entrust Datacard Corporation (US), Huawei Technologies Co., Ltd. (China), Hughes Identification Devices (HID) Global Corporation (US), IBM Corporation (US), Imex Systems Inc. (Canada), Nokia Corporation (Finland), OpenGov (US), Oracle Corporation (US), Socrata (US), Symantec Corporation (US), and UTI Grup (Romania).
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AWS has adopted a strategic mix of organic and inorganic growth strategies, such as partnerships, new product launches, mergers and acquisitions, and business expansions. In 2017, AWS signed an agreement with the administrations of Chile and Honduras to support the efforts made by these countries in modernizing government services. Additionally, in 2015, AWS launched AWS IoT, a new platform that provides seamless connections between devices and AWS services. The platform makes it convenient for companies to store, analyze, and monitor the amount of data generated by all the connected devices.
Similarly, in 2017, Avaya partnered with the Uttar Pradesh State Government to enhance public safety via the Dial 100 Project. This project is aimed at providing 24/7 emergency services across the state. Under this partnership, Avaya established a centralized contact center to facilitate a faster response time for emergency calls. The contact center can support more than 600 calls at any given time.
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