What Will Be the Market Value of “Global ICT Investment in Government Market” In Next Few Years in ICT Industry?

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The global ICT investment in government market is expected to reach USD 654.73 billion by 2025, according to a new report by Researchers, Inc. The need to bridge the infrastructure and technological gap is expected to drive the ICT investments in the government sector.

Government spending in the ICT sector has gained momentum in several countries including China, India, Brazil, and Japan, whose central governments are encouraging investments from foreign companies. The adoption of ICT services has continued to witness tremendous growth owing to the increased business activities in the Asia Pacific and Middle Eastern regions, along with the growing investment flows, national infrastructure build-out, and government service footprint expansions.

The e-governance initiatives undertaken by the Indian government to simplify digital channels are driving investments in the ICT sector. The Digital India initiative is enabling the government to process integrated and streamlined data repositories. The government of New Zealand has bestowed the Chief Information Officer (CIO) with the responsibility of leading the ICT industry by enabling integrated digital service delivery, offering system-wide assurance and delivering sustainable business savings of USD 100 million per year by 2017.

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The research report, titled Global ICT Investment in Government Market, is an analytical study of the Global ICT Investment in Government market, aided by an in-depth analysis of the performance of the market, both historically and in recent times using efficient analytical tools such as market feasibility and investment return to find out market attractiveness and to make future projections about this industry. The results that these analyses provide assist in determining a complete picture of how the market has developed so far. It also presented the winning strategies of major market players and worthy plans that can be implemented for business expansion during the forecast period.
The report evaluates the regional segmentation along with the competitive landscape in the Global ICT Investment in Government industry. Market segmentation based on various verticals has also been analyzed in this report to reach an accurate conclusion. The report is categorized into several sections that deal with various aspects of the Global ICT Investment in Government market, such as the industry chain, regulations and policies encouraging the market to grow and various segments of the Global ICT Investment in Government market.

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