ICT Investment in Government Market Consumption and Revenue Forecast by Regions 2025

7^th October 2019 – Global ICT Investment in Government Market is predicted to grow considerably in the forecast period due to the growing telecommunication services across the globe. Information and communications technology (ICT) is the infrastructure and the components that allow modern computing. Even though ICT cannot be defined specifically, the term is generally accepted to be compatible with all communication devices, networking components, systems and applications that altogether allow people and groups or organizations (non-profit agencies, businesses, government, and criminal enterprises) to interact in a digital way.

Information and communications technology ICT has developed beyond catering to from governmental and commercial segments to today being a necessity for connectivity and networking with ease. In the government sector, ICT plays an important role in not only improving governance but also by becoming an indispensable part of various governance functions. An ideal governance requires the use of optimal e-tools and e-governance solutions. Therefore, e-governance has become a core way of managing multiple aspects of government and is being approved and accepted in most developing nations as well. The use of ICT in governance has been promoted by numerous companies and also governments that have enabled more positive environment for the growth of ICT investment in government industry. This opens opportunities for various investors to focus on this sector.

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ICT investment in government market is expected to gain impetus with the growing trends of telecommunication-as-a-service (TaaS) and software-as-a-service (SaaS) applications. This is witnessed to trigger the increased expenditure in IT and communication services. In Asia Pacific region, service investments are promoted by growing requirement for outsourcing services. The software market for ICT investment in government is projected to achieve a strong boost with improved demand for business profits and cost efficiencies. Make in India and Digital India projects in India are perfect example that follows software investments due to increased expenditure. Moreover, acceleration of (IoT) Internet of Things expenditure in developing nations is predicted to support Internet of Everything (IoE) in the years to come. Government expenditure on information and communications technology is dominated by Internet of Things IoT investment in the recent years. The big data expenditure has also increased substantially as traditional databases and tools have started declining pertaining to organization of unstructured data.

ICT investment in government industry is categorized on the basis of solution, technology, and geography. On the basis of solution, ICT investment in government market is divided into software, devices, data center systems, IT services, and communication services. In terms of technology, ICT investment in government industry is segmented as IoT, Cloud Computing, Big Data, Content Management, and Security. Geographically, ICT investment in government market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa.

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