Smart Governments Market to Witness Unprecedented Growth in Coming Years

The implementation of advanced technologies, innovative policies, and business models to address the environmental, financial, and service challenges faced by governmental organizations is known as smart government.

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Increasing adoption of smart technologies by various governmental bodies has resulted in growth of smart government market. Furthermore, increasing demand for smart technology by consumer and requirement to secure data from different sources compels the governments to process data for digital transformation, which is driving growth of smart government market. 

Remote monitoring segment is projected to grow with a significant CAGR over the forecast period, owing to less cost of sensors, which have propelled the demand for remote monitoring smart solutions. Remote monitoring assists government bodies to monitor and track their deployed asset. 

Professional services segment held dominant position in the smart government market in 2016 and is projected to retain its dominance throughout the forecast period. The need for maintenance and technological consulting has increased the demand for professional services in the smart government market.

Smart Governments Market Outlook – North America holds the dominant position

North America held the dominant position in the global smart governments market in 2016 and is projected to retain its dominance throughout the forecast period. The U.S. and Canada region are gaining significant traction in smart governments market, owing increasing adoption of cloud computing and Internet of Things, which in turn have boosted growth of market in this region.

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Key Companies in the Global Smart Governments Market

Key players operating in smart government market include UTI Group, Amazon Web Services, Inc., Abb Ltd., Avaya Inc., Cisco Systems, Inc., Capgemini S.A., Entrust Datacard Corporation, Hughes Identification Devices (Hid) Global Corporation, Huawei Technologies Co., Ltd., Imex Systems Inc., Nokia Corporation, International Business Machines (Ibm) Corporation, Opengov, Socrata, Oracle Corporation, and Symantec Corporation

Smart Government Market Taxonomy

On the basis of deployment model, the smart governments market is segmented into:
• On-premises model
• Cloud-based model

On the basis of solution, the smart governments market is segmented into:
• Analytics
• Government Resource Planning System
• Security
• Remote Monitoring
• Network Management
• Open Data Platform
• Others

On the basis of service, the smart governments market is segmented into:
• Professional Services
• Managed Services

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This release was published on openPR.