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Smart Government Market Share

Report ID: GMI10139
Published Date: Jul 2024
Report Format: PDF

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Smart Government Market Share

Microsoft Corporation and IBM hold a significant share of over 20% in the smart government industry. Microsoft Corporation holds a consequential share in the smart government industry due to its extensive suite of cloud-based services, AI solutions, and digital transformation tools. Microsoft Azure, the company's cloud computing platform, is widely adopted by government agencies for its robust infrastructure, scalability, and security features. IBM also commands a significant share of the smart government market, driven by its expertise in AI, blockchain, and data analytics. IBM's Watson AI platform is extensively used in government projects to analyze vast amounts of data and provide actionable insights, improving decision-making and policy implementation.

Some other major players in the market are Accela, CivicPlus, Google LLC, Palantir Technologies, Snowflake, Inc., Cisco Systems, Inc., CitizenLab, Huawei Technologies Co. Ltd., OpenGov, Inc., Kopis USA, and Insigma Group.

Smart Government Market Companies

Major players operating in the smart government industry are:

Microsoft Corporation
IBM
Oracle Corporation
Salesforce, Inc.

Authors: Suraj Gujar , Saptadeep Das

Frequently Asked Questions (FAQ) :

The market size of smart government reached USD 33.8 billion in 2023 and is set to witness over 18% CAGR between 2024 and 2032, due to the rapid advancements in digital technologies.

The smart government industry share from the solution segment is expected to reach USD 100 billion by 2032, owing to enhanced efficiency, reduced redundancy, and advancements in AI, ML, IoT, and big data analytics.

North America market held over 35% revenue share in 2023, driven by advanced tech infrastructure and major companies like Google and IBM providing essential cloud, AI, and big data services.

Microsoft Corporation, IBM, Oracle Corporation, and Salesforce, Inc.