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ICT Investment in Government Market by Solution (Devices, Software, IT Services, Data Center Systems, and Communication Services) and By Technology (IoT, Big data, Cloud Computing, Content management, and Security): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026

Covid-19

Global ICT Investment in Government Market Size, Share

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Industry Insights

[179+ Pages Research Report] As per the Facts and Factors market research report, the global ICT investment in government market is expected to reach USD 695.32 billion by 2026 from USD 484.6 Billion in 2020, and grow at a CAGR of around 6.2% during the forecast period.

logoMarket Overview

ICT investments in North America are expected to rise as a result of the need to improve IT asset management. Due to the continuous retooling of settings with infrastructure, cloud, IoT, and mobility solutions, the demand for enhanced products and services to solve vulnerabilities in information security may expand. ICT spending in the Asia Pacific may increase as a result of a greater emphasis on cross-functional activities to promote long-term local innovation. Furthermore, regional governments in the Asia Pacific, which are expected to assist with market growth improvisation in the near future, could operate as catalysts for foreign direct investment (FDI) and local organizational development.

ICT Investment in Government Market

logoIndustry Growth Factors

Organizations are taking advantage of the cost-cutting and long-term benefits that mobility and cloud technology providers. In order to adopt IoT and cloud-based solutions, regional governments are incorporating information and communication strategies into their service transformation roadmaps. For instance, the State governments in Australia are implementing cloud-first policies to encourage cloud investments as part of their entire ICT stack.

Application developers are becoming an important element of the ICT ecosystem, collaborating closely with vendors and partner communities to provide government agencies with solutions. While driving digital innovation in the public sector, Chief Information Officers (CIOs) are focusing on maximizing their companies and IT expenditures. They're also dealing with cultural and institutional issues that are restricting IoT, data analytics, cloud, and mobile's ability to create transformative change.

logoReport Scope

Report Attribute

Details

Market Size in 2020

USD 484.6 Billion

Projected Market Size in 2026

USD 695.32 Billion

CAGR Growth Rate

6.2% CAGR

Base Year

2020

Forecast Years

2021-2026

Key Market Players

Huawei Technologies co., Ltd., Nokia Corporation, Airtel, Reliance, Cisco Systems, Inc., Amazon Web Services, Inc., Avaya Inc., ABB Ltd., Entrust Datacard Corporation, Capgemini S.A., and Others

Key Segment

By Solution, By Technology, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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logoSegmentation Analysis

Based on the solution, the market is bifurcated into software, devices, IT services, communication services, and data center systems. Based on technology, the market is bifurcated into security, IoT, cloud computing, big data, and content management.

logo Regional Analysis

Based on regions, the global ICT Investment In the Government market can be divided into five main regions namely, North America, Europe, Latin America, Asia Pacific, and The Middle East and Africa.

Due to the increased penetration of smart technologies such as the Internet of Things, big data, and cloud computing, the market in North America is expected to rise significantly during the forecast period. Furthermore, in the North American areas, there has been an increase in investment for the deployment of smart solutions at various government levels. In terms of ICT investments, the Asia Pacific region is predicted to be the fastest-growing region; this growth can be due to increased collaboration between solution providers, telecom service providers, and device vendors. The drive to diversify the MEA economy beyond oil and gas has resulted in substantial industrial refocusing, as well as the embrace of IoT and the expansion of smart city programs.

logo Competitive Players

The key players in the ICT Investment In Government market are Huawei Technologies co., Ltd., Nokia Corporation, Airtel, Reliance, Cisco Systems, Inc., Amazon Web Services, Inc., Avaya Inc.,  ABB Ltd., Entrust Datacard Corporation, Capgemini S.A., Imex Systems Inc., Symantec Corporation, IBM Corporation, Oracle Corporation, and OpenGov Inc., among others.

logo By Solution Segment Analysis

  • Devices
  • Software
  • IT Services
  • Data Center Systems
  • Communication Services

logo By Technology Segment Analysis

  • IoT
  • Big data
  • Cloud computing
  • Content management
  • Security

logo Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • The UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Covid-19

ICT Investment in Government Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Huawei Technologies co. Ltd.
  • Nokia Corporation
  • Airtel
  • Reliance
  • Cisco Systems Inc.
  • Amazon Web Services Inc.
  • Avaya Inc.
  • ABB Ltd.
  • Entrust Datacard Corporation
  • Capgemini S.A.
  • Imex Systems Inc.
  • Symantec Corporation
  • IBM Corporation
  • Oracle Corporation
  • OpenGov Inc.

Frequently Asked Questions

Higher expenditures in smart government technology and increased demand for digital media and smart technologies are the key factors boost the market growth in recent years.
As per the Facts and Factors market research report, the global ICT investment in government market is expected to reach USD 695.32 billion by 2026 from USD 484.6 Billion in 2020, and grow at a CAGR of around 6.2% during the forecast period.
North America is a leading contributor in the ICT Investment In Government market owing to the prevalence of major market players.
Some main participants of the ICT Investment In Government market are Huawei Technologies co., Ltd., Nokia Corporation, Airtel, Reliance, Cisco Systems, Inc., Amazon Web Services, Inc., Avaya Inc., ABB Ltd., Entrust Datacard Corporation, Capgemini S.A., Imex Systems Inc., Symantec Corporation, IBM Corporation, Oracle Corporation, and OpenGov Inc., among others.
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