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The global smart governments market size is anticipated to increase at a significant CAGR during the forecast timeline, 2020u20132026 owing to the rise in the demand for smart technologies and digital medium.
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Latest Reports Smart Governments Market Share & Growth | Industry Report, 2026
The global smart governments market size is anticipated to increase at a significant CAGR during the forecast timeline, 2020–2026 owing to the rise in the demand for smart technologies and digital medium. Smart government is an extension of e-government that applies operational technologies, information, and communication to all operational areas across the jurisdiction, multiple domains, and process areas to generate sustainable public value. • The smart government relies on communication networks and information systems. The smart government sector is characterized by the presence of several well-established and highly competitive players/business organizations.
Market Trends, Drivers, Restraints, and Opportunities: • Rise in the adoption of advanced technologies and transforming communities has led to the rise in the adoption of a smart government that has become an essential requirement for effective governance across government organizations. • Key driver for the smart government market is the increasing data from multiple sources and the rising demand for sophisticated and intelligent technologies. • Issues such as data theft and data privacy are expected to restrain market growth. • The global smart government market is also expected to get hampered from data breaches and hackers.
Scope of the report: • The report on the smart governments market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Smart Governments Market Segment Insights: • Less cost of sensors and adoption of a smart solution is expected to boost the remote monitoring segment growth. • Based on solution types, the smart government market has been divided as analytics, security, government resource planning system, open data platform, remote monitoring, and others. The remote monitoring solutions segment is anticipated to expand at a significant CAGR during the forecast period due to the decrease in the cost of sensors, which boosts the adoption of smart solutions among government bodies. Additionally, remote monitoring solutions help provide safety by tracking the assets and achieving maximum efficiency.
High use of Cloud-based deployment is expected to drive the segment growth during the forecast period. • In terms of deployments, the smart government market has been bifurcated into on-premise and cloud-based. The cloud-based segment is projected to hold a dominant share of the market due to the rise in the adoption of cloud services by government agencies to achieve zero maintenance downtime, real-time access, and cost benefits. The market in North America is projected to expand at a high CAGR during the coming years. • On the basis of geography, the smart government market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
The market in North America is expected to grow considerably in the next few years owing to the prominent developments in the smart government sector resulting in technological advances and rise in the usage of tablets and mobiles in the region. The growth can be attributed to the high penetration of smart technologies such as analytics, big data, cloud computing, and IoT. The market in Europe is expected to grow at significantly due to high penetration of mobile devices. • Request Free Sample: https://dataintelo.com/request-sample/?reportId=131141
Competitive Landscape: • Major companies in the global smart governments market include Symantec Corporation, Oracle Corporation, Nokia Corporation, Imex System Inc., IBM Corporation, Huawei Technologies Co., Ltd., Entrust Datacard Corporation, Cisco System, Inc., Capgemini SE, and Amazon Web services, Inc. Most of these companies implement numerous strategic initiatives such as technological upgrades, acquisitions, product launches, collaborations, mergers, agreements, and partnerships to gain market share and sustain the competition in the market. • Segments Covered in the Report The global smart governments market has been segmented based on solutions, deployments, and regions.
By Solutions • Analytics • Security • Government Resource Planning System • Open Data Platform • Remote Monitoring • Others • By Deployments • On-premise • Cloud-based • By Regions • North America • Europe • Asia Pacific • Latin America • Middle East & Africa
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