The major players in the smart government market are ABB Ltd, Amazon Web Services Inc, Avaya Inc, Capgemini, Cisco Systems Inc, Entrust Datacard Corporation, Huawei Technologies Co Ltd, Imex Systems Inc, Nokia Corporation, Oracle Corporation, Symantec Corporation, Hughes Identification Devices ( HID) Global Corporation, International Business Machines (IBM) Corporation, OpenGov, and UTI Group.
NEW YORK, Sep 12, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of “Global Smart Government Market Report 2022” – https://www.reportlinker.com/p06319243/?utm_source=GNW
The global smart government market is expected to grow from $24.07 billion in 2021 to $28.71 billion in 2022 at a compound annual growth rate (CAGR) of 19.26%. The smart government market is expected to grow to $58.08 billion in 2026 with a compound annual growth rate (CAGR) of 19.27%.
The smart government market consists of sales of smart government solutions and services by entities (enterprises, exclusive merchants, and partnerships) that refer to the use of intelligently networked information and communication technology (ICT) solutions used to manage government and administration related business activities. . Interconnected devices and cyber-physical systems are used through intelligently interconnected governance and management to accomplish common tasks efficiently and effectively.
The main types of smart government solutions include open data platforms, analytics, government resource planning system, security, remote monitoring and network management, and an open data platform refers to a platform used by ministries/government departments and their organizations to disseminate data sets, documents, services, tools and applications they have collected for public use.
It aims to improve government openness and create opportunities for many innovative applications of government data to provide new perspectives. These solutions and services are deployed on-premises and in the cloud.
North America was the largest region in the smart government market in 2021, and Asia Pacific is expected to be the fastest growing region in the forecast period.
The regions covered in the Smart Government Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Smart Government Market Research Report is one of a series of new reports that provide smart government market statistics, including the global smart government industry market size, regional shares, competitors with smart government market share, detailed smart government market segments, market trends and opportunities, And any other data you may need to thrive in the smart government industry. This Smart Government Market Research Report offers a complete perspective on everything you need, with an in-depth analysis of current and future scenarios for the industry.
Increased investment in smart government technologies will drive the growth of the smart government market, as government institutions around the world increase spending on managing networks, cybersecurity and other smart governments to deliver reliable, efficient and security services to their people.
For example, in January 2021, the US government announced a $10.2 billion investment in federal IT modernization to fend off potential cyberattacks and IT issues. It is a critical step in reorganizing US cyber defenses to increase confidence in the US government’s ability to provide reliable and secure services. Therefore, increased investment in smart government technologies is expected to increase the demand for smart government platforms and solutions during the forecast period.
Technological advancement is a new trend gaining popularity in the smart government market, as technological developments such as the Internet of Things (IoT) are increasingly being integrated into new systems and cloud solutions to make government activities more efficient.
The widespread use of IoT technology has enhanced interaction between government and citizen, providing a strong case for generating public benefit, as IoT technology is used in smart city operations to build and provide interconnected solutions for the well-being of society.
In February 2022, Rogers Business, a Canadian-based technology and media company, developed a suite of Internet of Things (IoT) smart cities and smart building solutions to meet the growing infrastructure demands of governments and organizations. Rogers Business for Smart Cities and Smart Buildings will collaborate with several vendors to develop solutions from water leak detection sensors to AI-powered traffic light capabilities.
In June 2021, Granicus, a US-based software company that develops technologies to help government agencies, acquired two government technology companies, Bang the Table and OpenCities, for an undisclosed amount. With this acquisition, Granicus will change the way citizens and governments interaction.
Granicus’ commitment to the governments of Australia and New Zealand will be strengthened by the acquisition of two foundations, which will provide public sector solutions to more than 350 governments while increasing their presence in the United States, Canada and the United Kingdom. The Table is an Australia-based company that provides an online citizen engagement platform for local government.
OpenCities is a leading Australian-based public sector digital customer journey platform that helps local governments transform their websites, digital models, and service delivery experiences.
Countries covered in Smart Government Market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Read the full report: https://www.reportlinker.com/p06319243/?utm_source=GNW
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