What is Government Management Software?
The Indian government management software market is expected to grow at a significant pace during the forecast period, according to the AMA study. The increasing number of government initiatives and the rise in demand for cost-effective operations are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a slight decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is broken down, by Application (Planning, Budgeting & Forecasting, Code Enforcement, Compliance Management, Inventory Management, License & Permit, Taxation & Assessment, Collaboration and Others) and major geographies with country level break-up.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the market. The recent crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries had been shut down for a long period of time during FY 2020. Analysts at AMA Research estimates that Players from United States, India will contribute to the maximum growth of Global Government Management Software market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Accenture (Ireland), Adjetter Media Network Pvt. Ltd. (India), Citrix Systems, Inc. (United States), Freshworks Inc. (United States), Focus Softnet (India), GanttPRO (Belarus), HRMantra Software Pvt. Ltd. (India), IBM (United States), Infosys Limited (India), iOSS (India), Logic Software, Inc. (Canada), Monday.com (India), Oracle (United States), Taskworld (United States), Wipro Limited (India), Wrike, Inc. (United States) and Zoho Corporation (India) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Government Management Software market by Type, Application and Region.
On the basis of geography, the market of Government Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Government Agencies will boost the Government Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Windows will boost the Government Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Premise will boost the Government Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vendor, the sub-segment i.e. SMEs will boost the Government Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Implementation of Artificial Intelligence in Government Management Platforms
Market Drivers
- Increasing Number of Government Initiatives Across India is Propelling the Demand for Automated Management of Operations
- The Rise in Demand for Efficient Compliance Management Across the Government Sector
Opportunities
- The Rising Demand for Automation in Government Operations Across India is Expected to Generate Huge Opportunities for Market Vendors During the Forecast Period
Restraints
Challenges
- Lack of Skilled Professionals Across the Country
Analyst View
The government operations across India is rapidly moving towards a new generation of public services which is also allowing them to focus on speed of the operations, rebuilding the public trust, cost savings, focused on innovations, and scale without restraints. Most of the public sector organizations struggle to respond during last minute changes or adjustments wherein they have to plan and prepare for scaling far in advance which also leads to hiring of extra staff members, extra time for training them with extra resources, adjustments to budgets, and many more problems. The management software provides government agencies to operate with more flexibility and scalability with lesser resources and allows to reduce the operational costs and save the time & valuable resources.
Key Target Audience
Software Developers, Government Associations, Industry Associations and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.