Smart Governments Market Scope
Smart governance is about using technology to support and facilitate better planning and decision-making. It is about enhancing democratic processes and transforming the ways that public services are delivered. Moreover, Smart governance includes e-government, the efficiency agenda and mobile working. As the computer age is evolving, central and local authorities meet new challenges. The traditional institutions and their classical processes of governing change into “e-government”, where information technologies have the ability to improve interaction with citizens, businesses, and industries. The digital revolution of social, mobile, analytics and cloud is one of the key drivers booming the growth of the market.
According to AMA, the Global Smart Governments market is expected to see growth rate of 21.4% and may see market size of USD63.56 Billion by 2026.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Smart Governments market throughout the predicted period.
ABB Ltd. (Switzerland), Amazon Web Services, Inc. (United States), Avaya Inc. (United States), Capgemini S.A. (France), Cisco Systems, Inc. (United States), Entrust Datacard Corporation (United States), Huawei Technologies Co., Ltd. (China), HID Global Corporation (United States), IBM (United States), Imex Systems Inc. (Canada), Nokia Corporation (Finland) and Oracle Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are OpenGov (United States), Socrata (United States), NortonLifeLock Inc. (United States) and UTI Holdings (Romania).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Smart Governments market by Type (Solution {Government resource planning system, Security, Analytics, Remote Monitoring, Network management, Open data platform, others} and Service {Professional services, Managed services}) and Region with country level break-up.
On the basis of geography, the market of Smart Governments 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).
On 30 March 2017, West Chester, OH has launched OpenGov Smart Government Platform, Including OpenGov Open Data.
Market Trend
- Big Data and Actionable Analytics
- Hybrid IT and Cloud
- Smart Platform & Engagement
Market Drivers
- Digital Revolution of SMAC (Social, Mobile, Analytics and Cloud)
- Growing Data from Multiple Sources Allowing the Government to Process Them for Digital Transformation
- Emerging Digital Lifecycle of Consumers Expected to Increase the Demand for Smart Technologies
Opportunities
- Open Government Data Likely to Offer a Huge Potential for Efficient and Effective Governance
- Increased Revenue Opportunity for the IT Sector by Working in Collaboration with the Government, Aiding in Smart Governance
Restraints
- Insufficient Funding Affecting and Halting the Development of Government Projects Midway
- Lack of Uniform Laws and Regulations in Data Sharing by Government across Ministries and Services, as well as the Private Sector
Challenges
- Increase in Sophistication of Threats is expected to augment the Impact of Cyber-Attacks in Smart Infrastructure
- Community Engagement Challenges Expected to Pose a Barrier to the Trust between Public and Government
Key Target Audience
System integrators, Cloud service providers, Security service providers, Local, state, and central governments, Government organizations at all levels, Government consultants and advisors, Information Technology (IT) companies, Analytics solutions and services providers and Professional and managed services providers