Smart Government Market Demand, Future Trend And Recent Development By Forecast 2027
Summary:
A new study title “Smart
Government market size, status and forecast 2027” has been featured on
market research future.
Market Overview:
A recent study conducted by Market Research Future (MRFR)
reveals that the global market for Smart Government Market will expand at a robust CAGR of 19%
between 2017 and 2023 to reach a valuation of USD 37 Billion.
A large number of factors, ranging from
civilian/government/administration interaction models, interoperability,
heterogeneous communication network and security determine the smart government
functionalities and capabilities that can be deployed. Increased digitalization and expansion of
smart technologies are offering tremendous potentials to the market. Moreover,
big data, cloud computing and mobile applications bring new opportunities to
connect with more citizens and better understand their problems and
requirements. Smart government is touted as the future of the public services,
which will be about greater efficiency and innovation-driven governance.
Growing importance of data analytics and the opening of new
alternatives to conventional ways of service delivery is expected to support
the growth of the smart government market over the next couple of years.
Nonetheless, risk of data theft and privacy concerns continues to undermine the
potentials of the market. Over the years, incidences mass data leaks and
cyber-attacks have increase at an alarming rate, making citizen more cautious
about sharing their personal information on digital platforms.
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Competitive
Analysis:
Some of the key players profiled in the MARF’s
report include Capgemini SE (France), Entrust Datacard Corporation (U.S.), IBM
Corporation (U.S.), Nokia Corporation (Finland), Symantec Corporation (U.S.),
Amazon Web Services, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Huawei
Technologies Co., Ltd. (China), Imex Systems Inc. (Canada) and Oracle
Corporation (U.S.).
Industry Highlights:
Entrust Datacard, a prominent provider of secure transaction
technologies recently announced the that it has partnered with Cloud Security
Alliance (CSA) to secure and improve cloud computing environment.
The UAE government has recently flagged off an emerging
technologies start-up competition, “GovHack Series” on a global scale. The
competition will be held in eigth major cities across the globe. Reportedly,
this will be the sixth edition of GovHack Series.
Global Market for Smart Government Segmental
Analysis:
MRFR’s report offers a segmental analysis of the
market based on service (managed services and professional services), by
solution (security, remote monitoring, government resource planning system, and
analytics) and deployment (on-premise and cloud).
The remote monitoring solutions segment is projected
to witness a relatively higher growth rate over 2023. Development of advance
and cost effective sensor technology is playing an imprint role in improving
remote monitoring solutions.
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Full Report Details @ https://www.marketresearchfuture.com/reports/smart-government-market-3145
Regional Overview:
On the basis of region, the global market for smart
government is segmented into Europe, North America, Asia Pacific and rest of
the world (RoW). The market in North America is expected to remain highly
lucrative throughout the assessment period. Presence of leading technology
companies and increasing trends of digitization is reflecting favourably on the
region’s market. Meanwhile, Asia Pacific is expected to exhibit the highest
CAGR from 2017 to 2023.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions &
Limitations
2.3 Markets Structure
Continued….
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