Smart Governments Market- The New Opportunities and Future Analysis
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.
Remote monitoring segment is projected to grow with a significant CAGR over the forecast period, owing to less cost of sensors, which have propelled the demand for remote monitoring smart solutions. Remote monitoring assists 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 are fueling growth of smart government market.
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Professional services segment held dominant position in the smart government 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 smart government market.
Smart Governments Market Outlook – North America holds the dominant position
On the basis of geography, global smart government market is segmented into North America, Europe, Asia Pacific, Latin America, 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 region are gaining significant traction in smart governments market, owing increasing adoption of cloud computing and Internet of Things, which in turn have boosted growth of market in this region. Furthermore, presence of major companies offering smart government’s solution and service are fuel market growth in this region. For instance, Oracle Corporation, IBM Corporation, and Amazon Web Services.
Key Companies in the Global Smart Governments Market
Key players operating in smart government 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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