Smart Government Market Size to Reach USD 124.7 Billion by 2031
The global market for smart governments will be driven by an increase in demand for digital and smart technology.
PORTLAND, PORTLAND, OR, UNITED STATES, October 25, 2022 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Smart Government Market,” The smart government market was valued at $21.9 billion in 2021, and is estimated to reach $124.7 billion by 2031, growing at a CAGR of 19.4% from 2022 to 2031.
Demand for digital media and smart technologies has risen as a result of technical improvements, resulting in a spike in expenditures in smart government technologies throughout the world, which is expected to fuel market expansion. Moreover, due to increase in population, cooperation with other areas, and the introduction of new policies/initiatives, government data creation has increased significantly. However, concerns about data privacy and data breaches, as well as insufficient financing and the consequent suspension of government initiatives in the middle of development, limit smart government industry expansion.
Download Sample Report (Get Full Insights in PDF – 256 Pages) at: https://www.alliedmarketresearch.com/request-sample/7840
Furthermore, the increased acceptance of cloud computing by governments in a growing number of nations presents the industry with attractive growth potential. For example, the Idaho State Controller’s Office launched the Transparent Idaho program in June 2019 in collaboration with OpenGov, a cloud software supplier for government budgeting, communications, and performance. The infusion of data from a variety of sources allows governments to plan for digital transformation and the use of smart technology.
By component, the solution segment acquired major share. Citizens are increasingly using smartphone applications to report public service complaints while also giving proof in the form of images or other media assets. These applications use the device’s GPS position to efficiently route necessary personnel and manage reported concerns in a single platform. Thus, these factors had promoted the growth of the segment in smart government market forecast.
For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/7840
Region wise, North America dominated the market in 2020. The smart government market has benefited from the increased use of digital technologies across several business verticals in North America, such as retail, finance, and telecommunications. The availability of well-established ICT infrastructure in the North American area has substantially aided the market for smart government in the region.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/7840
The key players operating in the smart government market analysis include ABB Ltd., Amazon Web Services, Inc., Avaya Inc., Capgemini S.A., Cisco Systems, Inc., CitizenLab, Decidim, Huawei Technologies Co., Ltd., Imex Systems Inc., Nokia Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
LIMITED-TIME OFFER – Buy Now & Get Exclusive Discount on this Report
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Related Report:
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
David Correa
Allied Analytics LLP
+ +1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
