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Smart Governments Market Forecasts to 2028 – Global Analysis By Deployment (Hosted/Cloud, On-Premises), Type (Service, Solution), End User, and By Geography

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from $4,150 200 Pages Stratistics Market Research Consulting June, 2022 SMR17272983
Best Price Guarantee
Price from $4,150
Length 200 Pages
Publisher Stratistics Market Research Consulting
Published Date June, 2022
SKU SMR17272983

Smart Governments Market Forecasts to 2028 – Global Analysis By Deployment (Hosted/Cloud, On-Premises), Type (Service, Solution), End User, and By Geography

According to Stratistics MRC, the Global Smart Governments Market is accounted for $23.69 billion in 2021 and is expected to reach $91.01 billion by 2028 growing at a CAGR of 21.2% during the forecast period. Smart government is an extension of e-government that applies operational technologies, information, and communication to all operational areas. Smart government is data-driven, citizen-centric, and performance-driven, it greatly enhances democratic processes and modifies the delivery of public services.

Market Dynamics:

Driver:

Advantages provided by smart governments

Smart governments can utilize advanced analytics to upgrade service design and customize delivery by utilizing information collected from people and devices consistently. Some governments are already using a virtual workforce to automate normal business methodology, decreasing the stress of high-volume, repetitive jobs while also freeing up time and resources to focus on frontline services. This provides improved efficiency for the governments and helps in handling the operations effectively. Hence, these advantages are engrossing governments around the world to digitalize. Therefore various advantages provided by smart governments are driving the growth of the market.

Restraint:

Lack of laws and regulations

The lack of uniform laws and regulations in data sharing by government across ministries and services, as well as the private sector, is restraining the growth of the smart governments market.

Opportunity:

Increasing demand for digitalization

There is an increasing demand for digital media and smart technologies because of improvements leading to increased expenditures in smart government innovation, which has been a significant market factor. Also, increasing demand for digitalization of legal processes by the residents is compelling governments to digitize the operations. These e-participation advancements advance citizen cooperation by incorporating citizens in decision-making, policy formulation, financial plan focusing, issue resolution, and service co-design. Moreover, the high usage of smartphones has also contributed to the increasing demand for the digitalization of various operations. Thus, the increasing demand for digitalization of government operations is providing ample opportunities for the growth of the market.

Threat:

Data privacy and data breach

Data from various sources has increased allowing the governments to prepare them for digital transformation, leading to the choice of smart technologies. Therefore, there are high chances of an increase in cyber-attacks on smart infrastructure, and issues related to data privacy and data breach are the factors hampering the market growth. The market is expected to be hindered by the threat of hackers and data breaches.

The hosted/cloud segment is expected to be the largest during the forecast period

The hosted/cloud segment is estimated to have a lucrative growth due to the high adoption of cloud services by government agencies to achieve cost benefits, real-time access, and zero maintenance downtime. Government funds are limited and on premise solutions become more expensive as data volume increases, the cloud is a reliable alternative for storing government data.

The remote monitoring segment is expected to have the highest CAGR during the forecast period

The remote monitoring segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the decrease in the cost of sensors, which boosts the adoption of smart solutions among government bodies. Furthermore, remote monitoring solutions help provide safety by tracking the assets and achieving maximum efficiency.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to the rising penetration of smartphones and connected devices making organizations establish their cloud data center in the region. Governments of various countries in the region consider cloud services as an opportunity to improve government service delivery by reducing unemployment, increasing responsiveness, and delivering information and communication technology services at a lower cost.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period owing to the increased spending for the deployment of smart solutions across various government levels and rising penetration of smart technologies, such as big data, Internet of Things (IoT), analytics, and cloud computing.

Key players in the market

Some of the key players profiled in the Smart Governments Market include Amazon Web Services, Inc., Symantec Corporation, UTI Grup, Oracle Corporation, Socrata, Hughes Identification Devices, OpenGov, Nokia Corporation, Imex Systems Inc., IBM Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Global Corporation, Entrust Datacard Corporation, Avaya Inc., Cap Gemini S.A., and ABB Ltd.

Key Developments:

In April 2020 - OpenGov launched OpenGov Financials, a new financial management solution that expands its cloud-based software offerings and unveils the industry’s first fully-integrated cloud ERP designed exclusively for local government. The solution will allow governments to run their daily, mission-critical processes, as well as report, forecast, and budget using one online platform.

Deployments Covered:
• Hosted/Cloud
• On-Premises

Types Covered:
• Service
• Solution

End Users Covered:
• Transportation
• Power and Utilities
• Oil and Gas
• Healthcare
• Financial
• Education
• Telecom

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Governments Market, By Deployment
5.1 Introduction
5.2 Hosted/Cloud
5.3 On-Premises
6 Global Smart Governments Market, By Type
6.1 Introduction
6.2 Service
6.2.1 Managed Services
6.2.2 Professional Services
6.2.2.1 System Integration and Deployment
6.2.2.2 Support and Maintenance
6.2.2.3 Consulting Services
6.3 Solution
6.3.1 Security
6.3.1.1 Risk and Compliance Management
6.3.1.2 Identity and Access Management
6.3.1.3 Security and Vulnerability Management
6.3.2 Remote Monitoring
6.3.3 Participatory Democracy
6.3.4 Network Management
6.3.5 Open Data Platform
6.3.6 Data Analytics
6.3.6.1 Streaming Analytics
6.3.6.2 Social Media Analytics
6.3.6.3 Location Analytics
6.3.6.4 Edge Analytics
6.3.7 Government Resource Planning System
6.3.7.1 Workforce Management
6.3.7.2 Supply Chain Management
6.3.7.3 Financial Management
6.3.7.4 Asset Lifecycle Management
7 Global Smart Governments Market, By End User
7.1 Introduction
7.2 Transportation
7.3 Power and Utilities
7.4 Oil and Gas
7.5 Healthcare
7.6 Financial
7.7 Education
7.8 Telecom
8 Global Smart Governments Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Amazon Web Services, Inc.
10.2 Symantec Corporation
10.3 UTI Grup
10.4 Oracle Corporation
10.5 Socrata
10.6 Hughes Identification Devices
10.7 OpenGov
10.8 Nokia Corporation
10.9 Imex Systems Inc.
10.10 IBM Corporation
10.11 Cisco Systems, Inc.
10.12 Huawei Technologies Co., Ltd.
10.13 Global Corporation
10.14 Entrust Datacard Corporation
10.15 Avaya Inc.
10.16 Cap Gemini S.A.
10.17 ABB Ltd.
List of Tables
Table 1 Global Smart Governments Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Smart Governments Market Outlook, By Deployment (2020-2028) ($MN)
Table 3 Global Smart Governments Market Outlook, By Hosted/Cloud (2020-2028) ($MN)
Table 4 Global Smart Governments Market Outlook, By On-Premises (2020-2028) ($MN)
Table 5 Global Smart Governments Market Outlook, By Type (2020-2028) ($MN)
Table 6 Global Smart Governments Market Outlook, By Service (2020-2028) ($MN)
Table 7 Global Smart Governments Market Outlook, By Managed Services (2020-2028) ($MN)
Table 8 Global Smart Governments Market Outlook, By Professional Services (2020-2028) ($MN)
Table 9 Global Smart Governments Market Outlook, By Solution (2020-2028) ($MN)
Table 10 Global Smart Governments Market Outlook, By Security (2020-2028) ($MN)
Table 11 Global Smart Governments Market Outlook, By Remote Monitoring (2020-2028) ($MN)
Table 12 Global Smart Governments Market Outlook, By Participatory Democracy (2020-2028) ($MN)
Table 13 Global Smart Governments Market Outlook, By Network Management (2020-2028) ($MN)
Table 14 Global Smart Governments Market Outlook, By Open Data Platform (2020-2028) ($MN)
Table 15 Global Smart Governments Market Outlook, By Data Analytics (2020-2028) ($MN)
Table 16 Global Smart Governments Market Outlook, By Government Resource Planning System (2020-2028) ($MN)
Table 17 Global Smart Governments Market Outlook, By End User (2020-2028) ($MN)
Table 18 Global Smart Governments Market Outlook, By Transportation (2020-2028) ($MN)
Table 19 Global Smart Governments Market Outlook, By Power and Utilities (2020-2028) ($MN)
Table 20 Global Smart Governments Market Outlook, By Oil and Gas (2020-2028) ($MN)
Table 21 Global Smart Governments Market Outlook, By Healthcare (2020-2028) ($MN)
Table 22 Global Smart Governments Market Outlook, By Financial (2020-2028) ($MN)
Table 23 Global Smart Governments Market Outlook, By Education (2020-2028) ($MN)
Table 24 Global Smart Governments Market Outlook, By Telecom (2020-2028) ($MN)
Table 25 North America Smart Governments Market Outlook, By Country (2020-2028) ($MN)
Table 26 North America Smart Governments Market Outlook, By Deployment (2020-2028) ($MN)
Table 27 North America Smart Governments Market Outlook, By Hosted/Cloud (2020-2028) ($MN)
Table 28 North America Smart Governments Market Outlook, By On-Premises (2020-2028) ($MN)
Table 29 North America Smart Governments Market Outlook, By Type (2020-2028) ($MN)
Table 30 North America Smart Governments Market Outlook, By Service (2020-2028) ($MN)
Table 31 North America Smart Governments Market Outlook, By Managed Services (2020-2028) ($MN)
Table 32 North America Smart Governments Market Outlook, By Professional Services (2020-2028) ($MN)
Table 33 North America Smart Governments Market Outlook, By Solution (2020-2028) ($MN)
Table 34 North America Smart Governments Market Outlook, By Security (2020-2028) ($MN)
Table 35 North America Smart Governments Market Outlook, By Remote Monitoring (2020-2028) ($MN)
Table 36 North America Smart Governments Market Outlook, By Participatory Democracy (2020-2028) ($MN)
Table 37 North America Smart Governments Market Outlook, By Network Management (2020-2028) ($MN)
Table 38 North America Smart Governments Market Outlook, By Open Data Platform (2020-2028) ($MN)
Table 39 North America Smart Governments Market Outlook, By Data Analytics (2020-2028) ($MN)
Table 40 North America Smart Governments Market Outlook, By Government Resource Planning System (2020-2028) ($MN)
Table 41 North America Smart Governments Market Outlook, By End User (2020-2028) ($MN)
Table 42 North America Smart Governments Market Outlook, By Transportation (2020-2028) ($MN)
Table 43 North America Smart Governments Market Outlook, By Power and Utilities (2020-2028) ($MN)
Table 44 North America Smart Governments Market Outlook, By Oil and Gas (2020-2028) ($MN)
Table 45 North America Smart Governments Market Outlook, By Healthcare (2020-2028) ($MN)
Table 46 North America Smart Governments Market Outlook, By Financial (2020-2028) ($MN)
Table 47 North America Smart Governments Market Outlook, By Education (2020-2028) ($MN)
Table 48 North America Smart Governments Market Outlook, By Telecom (2020-2028) ($MN)
Table 49 Europe Smart Governments Market Outlook, By Country (2020-2028) ($MN)
Table 50 Europe Smart Governments Market Outlook, By Deployment (2020-2028) ($MN)
Table 51 Europe Smart Governments Market Outlook, By Hosted/Cloud (2020-2028) ($MN)
Table 52 Europe Smart Governments Market Outlook, By On-Premises (2020-2028) ($MN)
Table 53 Europe Smart Governments Market Outlook, By Type (2020-2028) ($MN)
Table 54 Europe Smart Governments Market Outlook, By Service (2020-2028) ($MN)
Table 55 Europe Smart Governments Market Outlook, By Managed Services (2020-2028) ($MN)
Table 56 Europe Smart Governments Market Outlook, By Professional Services (2020-2028) ($MN)
Table 57 Europe Smart Governments Market Outlook, By Solution (2020-2028) ($MN)
Table 58 Europe Smart Governments Market Outlook, By Security (2020-2028) ($MN)
Table 59 Europe Smart Governments Market Outlook, By Remote Monitoring (2020-2028) ($MN)
Table 60 Europe Smart Governments Market Outlook, By Participatory Democracy (2020-2028) ($MN)
Table 61 Europe Smart Governments Market Outlook, By Network Management (2020-2028) ($MN)
Table 62 Europe Smart Governments Market Outlook, By Open Data Platform (2020-2028) ($MN)
Table 63 Europe Smart Governments Market Outlook, By Data Analytics (2020-2028) ($MN)
Table 64 Europe Smart Governments Market Outlook, By Government Resource Planning System (2020-2028) ($MN)
Table 65 Europe Smart Governments Market Outlook, By End User (2020-2028) ($MN)
Table 66 Europe Smart Governments Market Outlook, By Transportation (2020-2028) ($MN)
Table 67 Europe Smart Governments Market Outlook, By Power and Utilities (2020-2028) ($MN)
Table 68 Europe Smart Governments Market Outlook, By Oil and Gas (2020-2028) ($MN)
Table 69 Europe Smart Governments Market Outlook, By Healthcare (2020-2028) ($MN)
Table 70 Europe Smart Governments Market Outlook, By Financial (2020-2028) ($MN)
Table 71 Europe Smart Governments Market Outlook, By Education (2020-2028) ($MN)
Table 72 Europe Smart Governments Market Outlook, By Telecom (2020-2028) ($MN)
Table 73 Asia Pacific Smart Governments Market Outlook, By Country (2020-2028) ($MN)
Table 74 Asia Pacific Smart Governments Market Outlook, By Deployment (2020-2028) ($MN)
Table 75 Asia Pacific Smart Governments Market Outlook, By Hosted/Cloud (2020-2028) ($MN)
Table 76 Asia Pacific Smart Governments Market Outlook, By On-Premises (2020-2028) ($MN)
Table 77 Asia Pacific Smart Governments Market Outlook, By Type (2020-2028) ($MN)
Table 78 Asia Pacific Smart Governments Market Outlook, By Service (2020-2028) ($MN)
Table 79 Asia Pacific Smart Governments Market Outlook, By Managed Services (2020-2028) ($MN)
Table 80 Asia Pacific Smart Governments Market Outlook, By Professional Services (2020-2028) ($MN)
Table 81 Asia Pacific Smart Governments Market Outlook, By Solution (2020-2028) ($MN)
Table 82 Asia Pacific Smart Governments Market Outlook, By Security (2020-2028) ($MN)
Table 83 Asia Pacific Smart Governments Market Outlook, By Remote Monitoring (2020-2028) ($MN)
Table 84 Asia Pacific Smart Governments Market Outlook, By Participatory Democracy (2020-2028) ($MN)
Table 85 Asia Pacific Smart Governments Market Outlook, By Network Management (2020-2028) ($MN)
Table 86 Asia Pacific Smart Governments Market Outlook, By Open Data Platform (2020-2028) ($MN)
Table 87 Asia Pacific Smart Governments Market Outlook, By Data Analytics (2020-2028) ($MN)
Table 88 Asia Pacific Smart Governments Market Outlook, By Government Resource Planning System (2020-2028) ($MN)
Table 89 Asia Pacific Smart Governments Market Outlook, By End User (2020-2028) ($MN)
Table 90 Asia Pacific Smart Governments Market Outlook, By Transportation (2020-2028) ($MN)
Table 91 Asia Pacific Smart Governments Market Outlook, By Power and Utilities (2020-2028) ($MN)
Table 92 Asia Pacific Smart Governments Market Outlook, By Oil and Gas (2020-2028) ($MN)
Table 93 Asia Pacific Smart Governments Market Outlook, By Healthcare (2020-2028) ($MN)
Table 94 Asia Pacific Smart Governments Market Outlook, By Financial (2020-2028) ($MN)
Table 95 Asia Pacific Smart Governments Market Outlook, By Education (2020-2028) ($MN)
Table 96 Asia Pacific Smart Governments Market Outlook, By Telecom (2020-2028) ($MN)
Table 97 South America Smart Governments Market Outlook, By Country (2020-2028) ($MN)
Table 98 South America Smart Governments Market Outlook, By Deployment (2020-2028) ($MN)
Table 99 South America Smart Governments Market Outlook, By Hosted/Cloud (2020-2028) ($MN)
Table 100 South America Smart Governments Market Outlook, By On-Premises (2020-2028) ($MN)
Table 101 South America Smart Governments Market Outlook, By Type (2020-2028) ($MN)
Table 102 South America Smart Governments Market Outlook, By Service (2020-2028) ($MN)
Table 103 South America Smart Governments Market Outlook, By Managed Services (2020-2028) ($MN)
Table 104 South America Smart Governments Market Outlook, By Professional Services (2020-2028) ($MN)
Table 105 South America Smart Governments Market Outlook, By Solution (2020-2028) ($MN)
Table 106 South America Smart Governments Market Outlook, By Security (2020-2028) ($MN)
Table 107 South America Smart Governments Market Outlook, By Remote Monitoring (2020-2028) ($MN)
Table 108 South America Smart Governments Market Outlook, By Participatory Democracy (2020-2028) ($MN)
Table 109 South America Smart Governments Market Outlook, By Network Management (2020-2028) ($MN)
Table 110 South America Smart Governments Market Outlook, By Open Data Platform (2020-2028) ($MN)
Table 111 South America Smart Governments Market Outlook, By Data Analytics (2020-2028) ($MN)
Table 112 South America Smart Governments Market Outlook, By Government Resource Planning System (2020-2028) ($MN)
Table 113 South America Smart Governments Market Outlook, By End User (2020-2028) ($MN)
Table 114 South America Smart Governments Market Outlook, By Transportation (2020-2028) ($MN)
Table 115 South America Smart Governments Market Outlook, By Power and Utilities (2020-2028) ($MN)
Table 116 South America Smart Governments Market Outlook, By Oil and Gas (2020-2028) ($MN)
Table 117 South America Smart Governments Market Outlook, By Healthcare (2020-2028) ($MN)
Table 118 South America Smart Governments Market Outlook, By Financial (2020-2028) ($MN)
Table 119 South America Smart Governments Market Outlook, By Education (2020-2028) ($MN)
Table 120 South America Smart Governments Market Outlook, By Telecom (2020-2028) ($MN)
Table 121 Middle East & Africa Smart Governments Market Outlook, By Country (2020-2028) ($MN)
Table 122 Middle East & Africa Smart Governments Market Outlook, By Deployment (2020-2028) ($MN)
Table 123 Middle East & Africa Smart Governments Market Outlook, By Hosted/Cloud (2020-2028) ($MN)
Table 124 Middle East & Africa Smart Governments Market Outlook, By On-Premises (2020-2028) ($MN)
Table 125 Middle East & Africa Smart Governments Market Outlook, By Type (2020-2028) ($MN)
Table 126 Middle East & Africa Smart Governments Market Outlook, By Service (2020-2028) ($MN)
Table 127 Middle East & Africa Smart Governments Market Outlook, By Managed Services (2020-2028) ($MN)
Table 128 Middle East & Africa Smart Governments Market Outlook, By Professional Services (2020-2028) ($MN)
Table 129 Middle East & Africa Smart Governments Market Outlook, By Solution (2020-2028) ($MN)
Table 130 Middle East & Africa Smart Governments Market Outlook, By Security (2020-2028) ($MN)
Table 131 Middle East & Africa Smart Governments Market Outlook, By Remote Monitoring (2020-2028) ($MN)
Table 132 Middle East & Africa Smart Governments Market Outlook, By Participatory Democracy (2020-2028) ($MN)
Table 133 Middle East & Africa Smart Governments Market Outlook, By Network Management (2020-2028) ($MN)
Table 134 Middle East & Africa Smart Governments Market Outlook, By Open Data Platform (2020-2028) ($MN)
Table 135 Middle East & Africa Smart Governments Market Outlook, By Data Analytics (2020-2028) ($MN)
Table 136 Middle East & Africa Smart Governments Market Outlook, By Government Resource Planning System (2020-2028) ($MN)
Table 137 Middle East & Africa Smart Governments Market Outlook, By End User (2020-2028) ($MN)
Table 138 Middle East & Africa Smart Governments Market Outlook, By Transportation (2020-2028) ($MN)
Table 139 Middle East & Africa Smart Governments Market Outlook, By Power and Utilities (2020-2028) ($MN)
Table 140 Middle East & Africa Smart Governments Market Outlook, By Oil and Gas (2020-2028) ($MN)
Table 141 Middle East & Africa Smart Governments Market Outlook, By Healthcare (2020-2028) ($MN)
Table 142 Middle East & Africa Smart Governments Market Outlook, By Financial (2020-2028) ($MN)
Table 143 Middle East & Africa Smart Governments Market Outlook, By Education (2020-2028) ($MN)
Table 144 Middle East & Africa Smart Governments Market Outlook, By Telecom (2020-2028) ($MN)

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