Market Research Future

E-Governance Market Is Expected to Reach at USD 45.76 Billion by 2023, Now Growing over 12.6% CAGR

Global E-governance Market, by Component (Software, Services), By Solutions, By Deployment Type (Cloud, On Premises), by End Users (Commercial, BFSI, Government, Healthcare), By Region - Forecast 2023


Pune, India -- (SBWIRE) -- 08/08/2017 -- Market Highlights

The study reveals that the market of E-governance is trending in North America region. The eGovernance Market is driven by the various segments including business functions such as Finance IT, Legal, Operations and many others. These business functions implement the workflow of e-governance either internally or externally.

The study also signifies that the E-governance market is expected to grow at a high rate as the services given by the e-governance including consulting and training, integration, support has avail the industries for the best practices of the e-governance solutions. The need for enterprise wide risk management systems is to encourage transparency among the system and avoid risks is driving the global e-governance market. Rising demand for financial assessment and cost saving solutions is projected to drive market growth in future.

The E-governance market is growing rapidly over ~12.6% of CAGR and is expected to reach at USD ~$45.76 billion by the end of forecast period.

eGovernance Market Players:
- EMC Corporation (US)
- Oracle Corporation (US)
- SAP SE (Germany)
- Microsoft Corporation (US)
- Wolters Kluwer N.V (Netherlands)
- Metric Stream Inc. (US)
- SAS Institute Inc. (US)
- IBM Corporation (US)
- Fidelity National Information Services Inc. (US)
- Thomson and Reuters Corporation (US)

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E-governance Market Segmentation

The E-governance Market has been segmented on the basis of component, solutions, deployment type, end users and region. It has been observed that IT/ Telecom and BFSI are holds the largest market share. While the IT and telecommunications has shown a tremendous growth in E-governance market. The e-governance solutions handles various fraud and threats and help to prevent the enterprise from various attacks. These attacks have a high potential of causing huge financial losses to the organizations.

Market Research Analysis:

On geographic basis, E-governance market is studied in different regions as North America, United Kingdom, Europe, Asia-Pacific and Rest of world. It has been observed that North America is leading in the commercial electronic use of E-governance due to early implementation in the majority of sectors. The study also signifies that the US and Canada are projected to extensively implement e-governance solutions; North America is expected to have the highest market share.

In addition, the study shows that Europe region is also showing a positive curve in growth of the E-governance market due to the increasing applications of E-governance devices in commercial sector. The developing economies in Asia-pacific regions like China, Japan, India and others are showing high adoption in the E-governance market.

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Intended Audience
- System Security
- E-governance solution and service providers
- Governance, Risk Management, Compliance (GRC) staff
- Information security directors/managers
- IT directors/consultants
- E-governance instrument
- Research organizations
- Technology investors
- IT governance directors/managers
- IT risk directors/managers
- IT compliance directors/managers
- IT audit directors/managers
- Raw material and manufacturing equipment suppliers
- Research/Consultancy firms
- Analysts and strategic business planners

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