The need to make work processes swift in government bodies and related enterprises is anticipated to bolster the development of the global smart government market in the years ahead, states Transparency Market Research (TMR) in a research report. The report has been titled, “Smart Government Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”
Smart government basically refers to the extension of the e-government which also includes operation technologies, communication, and information to all areas pertaining to operations across several jurisdictions, process areas, and multiple domains for generating sustainable public value. The global market for smart government has been characterized by the existence of many high competitive and well-established market players or entities. These players tend to adopt several strategies such as technology, collaboration, partnership, acquisition, and expansion for gaining competitive advantage and also defend their share in the market in the years ahead. The market is further characterized in terms of the development in the research and development activities at present. The global market for smart government is anticipated to exhibit an impressive development in the years ahead.
There are numerous factors that are supporting the growth of the global market for smart government. The rising demand for smart technologies and digital mediums can be attributed to several technologies which is anticipated to a core driver for the market in the coming years. The high acceptance frequency of cloud computing even from several developing countries that have major concerns of security and data privacy is also likely to supplement the development of the market in the forthcoming years. Besides, development in the data generated from numerous sources which can be prepared for advanced change is additionally anticipated to impel the market. Be that as it may, issues about information security and information burglary are relied upon to be a noteworthy restriction in the development of the worldwide market for smart government. The market is likewise anticipated to be challenged by the risk from hackers and information ruptures.
The global market for smart government can be classified on the basis of geography, deployment, services, and solution. Based on the solution, the market can be segmented into network management, open data platform, remote monitoring, government resource planning system, analytics, and security, among others. Among these solutions, the segment for remote monitoring solutions held the leading position in the recent past and is anticipated to continue its prolific growth rate over the course of the forecast period. This mainly owing to the solution’s outstanding ability to monitor and track condition of the assets that have been deployed. Other benefits that are delivered by remote monitoring solutions are reduced downtime of assets, proactive solutions for situations pertaining to asset failure, operational analysis and visibility, safety assurance, and utilization and capacity. Another core factor benefitting this segment is he decreasing cost of the sensors which also tends to make the deployment of such solutions economical and feasible.
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Based on service, the market has been bifurcated into managed services and professional services. The segment of professional services is anticipated to occupy a prominent share in the market over the course of the forecast period. In terms of deployment, the market can be classified into on-premise and cloud. Region-wise, it has been projected that the market will be led by North America owing to the crucial development taking place in the region and the technological advancements along with increasing use of tablets and mobile. The principal players operating in the market are UTI Grup Ltd., Socrata, Inc., OpenGov, Inc., Hughes Identification Devices (HID) Global Corporation, Avaya Inc., Oracle Corporation, Nokia Corporation, IBM Corporation, Huawei Technologies Co., Capgemini SE, and Amazon Web Services, Inc., among others.