Smart Governments Market Size, Share, Forecasts Analysis, Company Growth, Company Profiles and Key Regions 2019 – 2027
"Smart government" is defined as "the management of government and administration business processes using intelligently networked information and communication technologies" (ICT). Intelligently networked governance makes use of the capabilities of interconnected smart objects and cyber-physical systems to perform public tasks more efficiently and effectively. This includes the e-government and open government portfolios, as well as big data and open data.
The remote monitoring segment is expected to grow at a significant CAGR during the forecast period, owing to lower sensor costs, which have fueled demand for remote monitoring smart solutions. Remote monitoring enables government agencies to monitor and track deployed assets. Furthermore, some of the benefits of remote monitoring, such as safety assurance, proactive solutions for advanced failure situations, and operational visibility and analysis, are propelling the smart government market forward.
The professional services segment dominated the smart governments market in 2016 and is expected to continue to do so throughout the forecast period. The demand for professional services in the smart government market has increased due to the need for maintenance and technological consulting.
Some of the factors that have a negative impact on government organisations include hardware failures, software configuration errors, security breaches, and data loss. These factors are lowering government agencies' overall productivity. The implementation of cloud-based solutions is assisting agencies in storing government data at a lower cost, while traditional on-premises solutions are becoming increasingly expensive as the volume of data increases. Governments have a lot of information in the form of user records, public policies, and schemes. As a result, it is critical that the government has a solid storage option in place to provide all on-demand services.
The key players operating in smart governments market include UTI Group, Amazon Web Services, Inc., Abb Ltd., Avaya Inc., Cisco Systems, Inc., Capgemini S.A., Entrust Datacard Corporation, Hughes Identification Devices (Hid) Global Corporation, Huawei Technologies Co., Ltd., Imex Systems Inc., Nokia Corporation, International Business Machines (Ibm) Corporation, Opengov, Socrata, Oracle Corporation, and Symantec Corporation.
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