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ICT Investment In Government Market Report by Solution (Devices, Software, IT Services, Data Center Systems, Communication Services), Technology (IoT, Big Data, Cloud Computing, Content Management, Security), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A6503
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Market Overview:
The global ICT investment in government market size reached US$ 560.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 759.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.32% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 560.9 Billion |
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Market Forecast in 2032
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US$ 759.4 Billion |
| Market Growth Rate 2024-2032 | 3.32% |
Information and communication technology (ICT) investment is the acquisition of equipment and computer software that supports the seamless flow of information. It comprises hardware, communication equipment, social networking, and media applications. It also encompasses internet-enabled wireless networks and antiquated technologies, such as telephones, radio, and television broadcasts. It provides access to information and services for managing content integration, data automation, process management, and accessibility in real-time. Besides this, it assists in offering an effective, efficient, accountable, and transparent organizational system. As a result, government organizations worldwide are adopting ICT investment technology to provide high-quality services.
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ICT Investment In Government Market Trends:
At present, increasing business activities, expansion of government services and the growing investment flows are among the key factors positively influencing the market. Apart from this, the e-governance initiatives to simplify digital channels are catalyzing the demand for ICT in the administrative sector. Moreover, the escalating demand for enhanced products and services to solve vulnerabilities in information security due to continuous improvement in the cloud, information technology (IT), and mobility solutions, are providing a thrust to the market growth. In line with this, regional governing authorities are focusing on information and communication strategies to deploy the internet of things (IoT) and cloud-based solutions, which is creating a positive market outlook. Besides this, governments of various countries are increasing their ICT budget across their primary areas of enterprise, such as hardware, software, IT services, communication, and consulting. This, in confluence with the development in the approach of purchasing technologies adopted by government institutions, is offering better insights to ICT vendors and service providers. In addition, the rising need to bridge the infrastructure and technological gap and increasing adoption of cloud hosting services by government authorities is driving the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ICT investment in government market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on solution and technology.
Breakup by Solution:
- Devices
- Software
- IT Services
- Data Center Systems
- Communication Services
Breakup by Technology:
- IoT
- Big Data
- Cloud Computing
- Content Management
- Security
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc.), Avaya Holdings Corp., Capgemini SE, Huawei Technologies Co. Ltd. and Nokia Corporation.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Solution, Technology, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Amazon Web Services Inc. (Amazon.com Inc.), Avaya Holdings Corp., Capgemini SE, Huawei Technologies Co. Ltd., Nokia Corporation |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global ICT investment in government market was valued at US$ 560.9 Billion in 2023.
We expect the global ICT investment in government market to exhibit a CAGR of 3.32% during 2024-2032.
The rising utilization of ICT investment in government to provide information and services for managing content integration, data automation, process management, and accessibility in real-time, is primarily driving the global ICT investment in government market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of ICT investment in government for providing seamless flow of information, during the remote working scenario.
Based on the solution, the global ICT investment in government market has been segmented into devices, software, IT services, data center systems, and communication services. Among these, IT services currently hold the majority of the total market share.
Based on the technology, the global ICT investment in government market can be divided into IoT, big data, cloud computing, content management, and security. Currently, IoT exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global ICT investment in government market include Amazon Web Services Inc. (Amazon.com Inc.), Avaya Holdings Corp., Capgemini SE, Huawei Technologies Co. Ltd., and Nokia Corporation.
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