Global Smart Government Market Size study & Forecast, by Type (Solution and Services), by Deployment (On premise, Cloud) and Regional Analysis, 2022-2029

Global Smart Government Market Size study & Forecast, by Type (Solution and Services), by Deployment (On premise, Cloud) and Regional Analysis, 2022-2029

Global Smart Government Market is valued at approximately USD 23.83 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 19.02% over the forecast period 2022-2029. Smart government is an extension of e-government, which is to create sustainable public value by applying information, communication, and operational technology to all operational areas across numerous domains, process areas, and jurisdictions. The Smart Government market is expanding because of factors such as the rising adoption of e-government services, Government Initiatives for Digital Transformation, and the Adoption of SMAC (Social, Mobile, Analytics, and Cloud) in developing countries.

According to Statista, the total digital transformation spending in the year 2020 stood at USD 1.31 trillion which increased to USD 1.5 trillion in the year 2021 and it is projected to reach USD 2.8 trillion by the year 2025. As a result, with the rising spending on digital transformation, the market for smart government is also rising. Furthermore, the rising growing adoption of smart infrastructure, followed by smart city initiatives is creating lucrative growth in the market. However, issues related to data privacy and data breach and an increase in cyber-attacks in smart infrastructure stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Smart Government Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. During the anticipated period, the Asia-Pacific region is anticipated to have substantial market expansion. Businesses are setting up their cloud data centres in the area because of the rising use of smartphones and other connected devices, which is causing the market to flourish. Cloud services are viewed by the governments of several nations in the region as a chance to improve government service delivery by lowering unemployment, boosting responsiveness, and providing information and communication technology services at a reduced cost. Furthermore, North America is expected to be the fastest region owing to factors such as increase in penetration of smart technologies, rising spending power and more.

Major market players included in this report are:
ABB Ltd
Amazon Web Services Inc.
Avaya Inc.
Binani industries limited,
Capgemini SA,
Cisco Systems Inc.
Entrust Datacard Corporation
Huawei Technologies Co. Ltd
Hughes Identification Devices (HID) Global Corporation
International Business Machines (IBM) Corporation
Imex Systems Inc.

Recent Developments in the Market:
 In 2021, Niti Aayog and IT company Amazon Web Services have partnered to use Atal Tinkering Labs to teach students the fundamentals of cloud computing. Niti Aayog and Amazon Internet Services Private Limited (APL) inked a statement of intent (SoI) to launch the initiative, entailing the resale and marketing of AWS Cloud services in India.
 In 2021, after being severely damaged by Superstorm Sandy, New York State launched a USD 11 million prize fund to encourage the development of sustainable microgrids. These programmers help the market for smart government.

Global Smart GovernmentMarket Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Deployment, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Glass End Use offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Solution
Services
By Deployment:
On premise
Cloud

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World


Companies Mentioned

ABB Ltd
Amazon Web Services Inc.
Avaya Inc.
Binani industries limited,
Capgemini SA,
Cisco Systems Inc.
Entrust Datacard Corporation
Huawei Technologies Co. Ltd
Hughes Identification Devices (HID) Global Corporation
International Business Machines (IBM) Corporation
Imex Systems Inc.

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