How Is The Smart Government Market Size Expected To Change Over The Next Few Years?
The smart government market has seen substantial growth over the past few years. The market rose from $37.67 billion in 2024 to an estimated $43.8 billion in 2025 at a compound annual growth rate (CAGR) of 16.3%. The growth is primarily driven by digital transformation initiatives, data analytics for informed decision-making, open data initiatives, smart infrastructure, and urban planning, blockchain for security and transparency, and focus on emergency response and public safety.
As for the future, the smart government market is projected to grow to $95.24 billion in 2029 at a compound annual growth rate (CAGR) of 21.4%. The forecasted growth can be attributed to emergency response and resilience planning, digital identity solutions, a focus on privacy and data protection, cloud computing for scalability, and smart city initiatives.
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What Key Factors Are Driving The Growth Of The Smart Government Market?
The increase in investment in smart government technologies is evidently spurring the growth of the smart government market. Government institutions worldwide are amplifying their expenditure on network management, cybersecurity, and other smart government services to provide reliable, efficient, and secure services for their citizens. For instance, according to The Office for National Statistics (ONS), the UK Government allocated a total of $1.476 billion in public funding from 2020 to 2025 to facilitate the rollout of gigabit-capable broadband to 85% of the UK by 2025 and to achieve 100% coverage by 2030. Therefore, increased investment in smart government technologies is set to enhance the demand for smart government platforms and solutions during the forecast period.
What Are The Segments Of The Global Smart Government Market?
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
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Who Are The Major Players In The Smart Government Market?
Major companies involved in the smart government market are ABB Ltd., Amaon Web Services Inc., Avaya Inc., Capgemini SE, Cisco Systems Inc., Entrust Datacard Corporation, Huawei Technologies Co. Ltd., International Business Machines Corporation, Imex Systems Inc., Nokia Corporation, OpenGov, Oracle Corporation, UTI Group, Decidium, CitizenLab, Hughes Identification Devices (HID) Global Corporation, Accenture PLC, Atos SE, CGI Inc., Cognizant Technology Solutions Corporation, DXC Technology, Fujitsu Ltd., HCL Technologies Limited, Hitachi Ltd., Infosys Limited, NEC Corporation, NTT DATA Corporation, SAP SE, Tata Consultancy Services, Tech Mahindra Limited.
What Are The Emerging Trends In The Smart Government Market?
Technological advancements like the Internet of Things (IoT) have been steadily incorporated into new systems and cloud solutions to make governmental activities more efficient. The utilization of IoT technology has strengthened the interaction between governments and citizens, creating a significant public benefit. For example, Rogers Business, a Canada-based technology and media firm, developed a suite of IoT smart cities and smart building solutions in February 2022 to meet the growing infrastructure demands of governments and organizations.
What Are The Regional Trends In The Smart Government Market?
North America emerged as the largest region in the smart government market in 2024, whereas Asia-Pacific is anticipated to be the fastest-growing region in the future. The regions covered in the smart government market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Smart Government Market Report 2025 Offer?
Smart government solutions involve the use of interconnected devices and cyber-physical systems through intelligently networked governance and administration to achieve public tasks efficiently and effectively. The Smart Government Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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