Houston, TX -- (SBWIRE) -- 03/09/2018 -- Growing data from multiple sources allowing the government agencies to process them for digital transformation is expected to drive the growth of the smart governments market. The smart government's market size is expected to grow from USD 11.73 billion in 2017 to USD 28.24 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 19.2%. The major driver for the upsurge in demand in the smart governments market includes growing data from multiple sources allowing the governments to process them for digital transformation, leading to the adoption of smart technologies. The restraining factors include inadequate funding which affects and halts the development of government projects and the lack of uniform laws and regulations in data sharing by government agencies across ministries and services.

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Some of the most prominent Key Vendors:
ABB Group (Switzerland), Amazon Web Services, Inc. (US), Avaya Inc. (US), Cap Gemini S.A. (France), Cisco Systems, Inc. (US), Entrust Datacard Corporation (US), Huawei Technologies Co., Ltd. (China), Hughes Identification Devices (HID) Global Corporation (US), IBM Corporation (US), Imex Systems Inc. (Canada), Nokia Corporation (Finland), OpenGov (US), Oracle Corporation (US), Socrata (US), Symantec Corporation (US), UTI Grup (Romania)

Government resource planning system is a complete suite that can be customized according to the needs of the government bodies. It comprises modules such as financial management, asset lifecycle management, supply chain management, workforce management, order and contract management, and document management. This system ensures transparency in activities, provides authorized access which ensures data privacy, and maximizes the effectiveness of resource allocations. The growth of this solution is attributed to its increased adoption by the government firms for increasing citizen engagement costs. The solution also saves costs and complexities that may arise while installing the modules separately as standalone solutions.

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As per the geographic analysis, the APAC region is expected to witness the fastest growth in the smart governments market due to the increasing adoption of technology upgrades and regulatory mandates by affluent countries, such as China, Australia, South Korea, Japan, Singapore, and Hong Kong. Additionally, the adoption of the Internet of Things (IoT) due to political push and the privatization in countries such as Philippines, and Indonesia are the major drivers for the smart governments market in this region.

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Table Of Content:
Chapter 1 Global Smart Governments Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis