Market Research Report
ICT Investment in Government Market Analysis By Solution (Devices, Software, IT Services, Data Center Systems, Communication Services), By Technology (IoT, Big Data, Cloud Computing, Content Management), And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||515328|
|Published||Content info||76 Pages
Delivery time: 2-3 business days
|ICT Investment in Government Market Analysis By Solution (Devices, Software, IT Services, Data Center Systems, Communication Services), By Technology (IoT, Big Data, Cloud Computing, Content Management), And Segment Forecasts, 2014 - 2025|
|Published: May 17, 2017||Content info: 76 Pages||
The global ICT investment in government market is expected to reach USD 654.73 billion by 2025, according to a new report by Grand View Research, Inc. The need to bridge the infrastructure and technological gap is expected to drive the ICT investments in the government sector.
Government spending in the ICT sector has gained momentum in several countries including China, India, Brazil, and Japan, whose central governments are encouraging investments from foreign companies. The adoption of ICT services has continued to witness tremendous growth owing to the increased business activities in the Asia Pacific and Middle Eastern regions, along with the growing investment flows, national infrastructure build-out, and government service footprint expansions.
The e-governance initiatives undertaken by the Indian government to simplify digital channels are driving investments in the ICT sector. The Digital India initiative is enabling the government to process integrated and streamlined data repositories. The government of New Zealand has bestowed the Chief Information Officer (CIO) with the responsibility of leading the ICT industry by enabling integrated digital service delivery, offering system-wide assurance and delivering sustainable business savings of USD 100 million per year by 2017.
The felicitous usage of information aids governments in making appropriate connections with the industry and helps agencies to solve problems and identify new growth opportunities for innovations. Governments use data standards for increasing interoperability and improving analytical capabilities for the entire public sector. In the wake of increasing privacy and security concerns, governments collaborate with other jurisdictions to effectively manage cybersecurity. They work closely with the ICT sector to seek expert advice, evaluate their plans, and achieve better value for money.