The implementation of advanced technologies, innovative policies, and business models to address the environmental, financial, and service challenges faced by governmental organizations is known as smart government. The concept of smart governments lies on communication networks and information systems. The increasing adoption of smart technologies by various governmental bodies in different countries has resulted in global smart governments market growth. In addition to this, increasing demand for smart technology from consumer side coupled with necessity to protect data from different sources compels the governments to process data for digital transformation. This is a major driver for global smart governments market growth.
Smart Governments Market Taxonomy
On the basis of deployment model, the global smart governments market is classified into:
Cloud-based deployment model is expected to grow with the largest CAGR during the forecast period due to increasing adoption of cloud technology by various governmental bodies to achieve real-time access, cost benefits, and reliability.
On the basis of solution, the global smart governments market is classified into:
Remote monitoring segment is projected to grow with a significant CAGR over the forecast period. The less cost of sensors has fueled the demand for remote monitoring smart solutions. The remote monitoring helps the government bodies to monitor and track their deployed asset. Moreover, some of the advantages offered by remote monitoring such as safety assurance, proactive solutions for advanced failure situations, and operational visibility and analysis in turn fuel the smart governments market growth.
On the basis of service, the global smart governments market is classified into:
Professional services segment held the dominant position in the global smart governments market in 2016 and is projected to retain its dominance throughout the forecast period. The need for maintenance and technological consulting has increased the demand for professional services in the global smart governments market.
Smart Governments Market Outlook – North America holds the dominant position
On the basis of geography, global smart governments market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America held the dominant position in the global smart governments market in 2016 and is projected to retain its dominance throughout the forecast period. The U.S. and Canada have contributed significantly to the growth of smart governments market in the region. Adoption of big data, cloud computing, and Internet of Things has also bolstered the market growth in the region. In addition to this, presence of major companies offering smart governments solution and service fuel the market growth in this region. Examples of some of the companies operating in North America are, Oracle Corporation, IBM Corporation, and Amazon Web Services.
Key Companies in the Global Smart Governments Market
UTI Grup, 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, are some of the key companies in the global smart governments market.
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