Smart Government Global Market to Grow From $28.71 Billion to $58.08 Billion by 2026

DUBLIN, Oct. 5, 2022 /PRNewswire/ -- The "Smart Government Global Market Report 2022" report has been added to  ResearchAndMarkets.com's offering.

The global smart government market is expected to grow from $24.07 billion in 2021 to $28.71 billion in 2022 at a compound annual growth rate (CAGR) of 19.26%. The smart government market is expected to grow to $58.08 billion in 2026 at a compound annual growth rate (CAGR) of 19.27%.

North America was the largest region in the smart government market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart government market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increased investment in smart government technologies will propel the growth of the smart government market. Government institutes across the globe are increasing spending on network management, cybersecurity, and other smart government, to deliver dependable, effective, and security services to their people.

For instance, in January 2021, the US government announced $10.2 billion of investments in Federal information technology modernization to fend off potential cyberattacks and IT issues. It is a crucial step in realigning US cyber defenses to increase faith in the US government's capacity to provide reliable and secure services. Therefore, the increased investment in smart government technologies is expected to boost demand for smart government platforms and solutions during the forecast period.

Technological advancement is a new trend gaining popularity in the smart government market. Technological advancements such as the Internet of Things (IoT) are increasingly incorporated into new systems and cloud solutions to make government activities more efficient. The widespread use of IoT technology has strengthened the government-citizen interaction, providing a strong case for public benefit generation. IoT is used in smart city operations to build and provide interconnected solutions for a community's well-being.

In February 2022, Rogers Business, a Canadian-based technology, and media firm developed a suite of internet of things (IoT) smart cities and smart building solutions to fulfill the rising infrastructure demands of governments and organizations. The Rogers Business Smart Cities and Smart Buildings business will collaborate with various vendors to develop solutions from water leak detection sensors to AI-powered traffic signal capabilities.

In June 2021, Granicus, a US-based software company that develops technologies to help government agencies, acquired two gov-tech companies, Bang the Table and OpenCities, for an undisclosed amount. Through this acquisition, Granicus will change the way citizens and governments interact. Granicus' commitment to the governments of Australia and New Zealand will be reinforced by the acquisition of two enterprises, which will give public sector solutions to more than 350 governments while also growing its presence in the United States, Canada, and the United Kingdom. Bang the Table is an Australia-based company that offers an online citizen engagement platform for local government. OpenCities is an Australia-based premier digital customer journey platform for the public sector, which assists local governments in transforming their websites, digital forms, and service delivery experiences.

Scope

Markets Covered:

1) By Type: Open Data Platform; Analytics; Government Resource Planning System; Security; Remote Monitoring; Network Management
2) By Deployment: On Premise; Cloud
3) By Component: Solution; Services

Key Topics Covered:

1. Executive Summary

2. Smart Government Market Characteristics

3. Smart Government Market Trends And Strategies

4. Impact Of COVID-19 On Smart Government

5. Smart Government Market Size And Growth

6. Smart Government Market Segmentation

7. Smart Government Market Regional And Country Analysis

8. Asia-Pacific Smart Government Market

9. China Smart Government Market

10. India Smart Government Market

11. Japan Smart Government Market

12. Australia Smart Government Market

13. Indonesia Smart Government Market

14. South Korea Smart Government Market

15. Western Europe Smart Government Market

16. UK Smart Government Market

17. Germany Smart Government Market

18. France Smart Government Market

19. Eastern Europe Smart Government Market

20. Russia Smart Government Market

21. North America Smart Government Market

22. USA Smart Government Market

23. South America Smart Government Market

24. Brazil Smart Government Market

25. Middle East Smart Government Market

26. Africa Smart Government Market

27. Smart Government Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Smart Government Market

29. Smart Government Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

• ABB Ltd.
• Amazon Web Services Inc.
• Avaya Inc.
• Capgemini
• Cisco Systems Inc.

For more information about this report visit https://www.researchandmarkets.com/r/vwsoln

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SOURCE Research and Markets