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According to the latest research, the global GovTech market size was valued at USD 496209.4 million in 2022 and is expected to expand at a CAGR of 15.79% during the forecast period, reaching USD 1195772.6 million by 2028.
GovTech is a method of modernizing the public sector of the whole government, which can promote simple, accessible and efficient government. It aims to improve government management efficiency, improve service delivery to citizens and enterprises, and improve efficiency, transparency and accountability by digitalizing workflow or introducing new tools. GovTech is the pillar of the digital economy framework, which provides the necessary technology to promote economic growth, reduce poverty and promote common prosperity.
Market Drivers
Government management mechanism plays an important role in public administration activities. Whether it is scientific and reasonable directly affects the overall level and efficiency of public administration and the development of economy and society. The innovation of government management is not only the need of economic development and social progress, but also the need of realizing the strategic task of changing the mode of economic development. There are many factors that influence the transformation of economic development mode, including problems in economic system and operation mechanism, and problems in government management. The transformation of economic development mode depends not only on scientific and technological progress, structural adjustment and improvement of workers' quality, but also on the innovation of government management.
The trend of government management mainly focuses on the innovation of government management concepts, systems, methods, means and evaluation mechanisms. The key to the innovation of government management lies in the transformation of the government from the main body of economic construction to the main body of public service, and new breakthroughs have been made in the reform of administrative management system, especially in promoting the construction of public service-oriented government. GovTech is the main way to promote effective management in modern countries.
The main goal of GovTech strategy is to change the relationship between people and government at two levels. The first task is to share decision-making and urban management with the public. The second task is to turn citizens into partners in all aspects of the country. E-government is the main embodiment of GovTech, which refers to the use of information and communication technology to change the relationship with citizens, enterprises and other actors. These technologies can serve different purposes: better providing government services to citizens, improving interaction with business and industry, empowering citizens through access to information, or more effective government management. The resulting benefits can be reduced corruption, increased transparency, increased convenience, increased income and/or reduced costs. One of GovTech's main functions is to deepen the quality of democracy, which may restore people's long-lost trust in government institutions. This can be achieved by developing voting technology, providing access to the minutes of government meetings, and providing effective ways to use the Internet as a media for public debate. To sum up, GovTech itself constitutes the driving force of change, which urges the government to re-imagine itself, their functions and the relationship with citizens to ensure a sustainable future.
Governments have gradually realized the importance of GovTech, which is expected to promote the growth of GovTech market. It is estimated that there are more than 2,000 GovTech in Europe.
Region Overview:
United States had the highest growth rate of all regions.
Company Overview:
The top three companies are Leidos, Tyler Technologies, Motorola Solutions with the revenue market share of 2.99%, 0.30%, 0.25% in 2020.
Leidos is a science and technology solutions leader working to address some of the world's toughest challenges in the defense, intelligence, homeland security, civil, and healthcare markets. Leidos has four central divisions: Civil, Health, Advanced Solutions, and Defense & Intelligence.
The Civil Division focuses on integrating aviation systems, securing transportation measures, modernizing IT infrastructure, and engineering energy efficiently. The Health Division focuses on optimizing medical enterprises, securing private medical data, and improving collection and data entry methods. The Advanced Solutions Division is centered around data analysis, integrating advanced defense and intelligence systems, and increasing surveillance and reconnaissance efficiency. The Defense & Intelligence Division focuses on providing air service systems, geospatial analysis, cybersecurity, intelligence analysis, and supporting operations efforts.
Tyler Technologies is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to empower the public sector - cities, counties, schools and other government entities - to become more efficient, more accessible and more responsive to the needs of their constituents. Tyler's client base includes more than 15,000 local government offices in all 50 states, Canada, the Caribbean, Australia, and other international locations.
Segmentation Overview:
By type, Cloud segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Citizen-centric service delivery segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the GovTech industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of GovTech. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global GovTech Market Report Include:
Market Size Estimates: GovTech market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: GovTech market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the GovTech market
Segment Market Analysis: GovTech market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: GovTech market situations and prospects in major and top regions and countries
GovTech Market
GovTech Industry Chain: GovTech market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
GovTech Industry News, Policies by regions
GovTech Industry Porters Five Forces Analysis
Key players in the global GovTech market are covered in Chapter 2:
CSS
GTY Technology Holdings
RM plc
Nextdoor
Granicus
Accela
Biobot Analytics
CitizenLab
Axon
Tyler Technologies
Leidos
Motorola Solutions
Acivilate
Coord
In Chapter 6 and Chapter 9, on the basis of types, the GovTech market from 2018 to 2028 is primarily split into:
Cloud
On-Premise
In Chapter 7 and Chapter 10, on the basis of applications, the GovTech market from 2018 to 2028 covers:
Citizen-Centric Service Delivery
Citizen Participation
Government Core Operations
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global GovTech market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the GovTech industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of GovTech market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the GovTech industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on GovTech market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the GovTech market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed GovTech market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
GovTech is a method of modernizing the public sector of the whole government, which can promote simple, accessible and efficient government. It aims to improve government management efficiency, improve service delivery to citizens and enterprises, and improve efficiency, transparency and accountability by digitalizing workflow or introducing new tools. GovTech is the pillar of the digital economy framework, which provides the necessary technology to promote economic growth, reduce poverty and promote common prosperity.
Market Drivers
Government management mechanism plays an important role in public administration activities. Whether it is scientific and reasonable directly affects the overall level and efficiency of public administration and the development of economy and society. The innovation of government management is not only the need of economic development and social progress, but also the need of realizing the strategic task of changing the mode of economic development. There are many factors that influence the transformation of economic development mode, including problems in economic system and operation mechanism, and problems in government management. The transformation of economic development mode depends not only on scientific and technological progress, structural adjustment and improvement of workers' quality, but also on the innovation of government management.
The trend of government management mainly focuses on the innovation of government management concepts, systems, methods, means and evaluation mechanisms. The key to the innovation of government management lies in the transformation of the government from the main body of economic construction to the main body of public service, and new breakthroughs have been made in the reform of administrative management system, especially in promoting the construction of public service-oriented government. GovTech is the main way to promote effective management in modern countries.
The main goal of GovTech strategy is to change the relationship between people and government at two levels. The first task is to share decision-making and urban management with the public. The second task is to turn citizens into partners in all aspects of the country. E-government is the main embodiment of GovTech, which refers to the use of information and communication technology to change the relationship with citizens, enterprises and other actors. These technologies can serve different purposes: better providing government services to citizens, improving interaction with business and industry, empowering citizens through access to information, or more effective government management. The resulting benefits can be reduced corruption, increased transparency, increased convenience, increased income and/or reduced costs. One of GovTech's main functions is to deepen the quality of democracy, which may restore people's long-lost trust in government institutions. This can be achieved by developing voting technology, providing access to the minutes of government meetings, and providing effective ways to use the Internet as a media for public debate. To sum up, GovTech itself constitutes the driving force of change, which urges the government to re-imagine itself, their functions and the relationship with citizens to ensure a sustainable future.
Governments have gradually realized the importance of GovTech, which is expected to promote the growth of GovTech market. It is estimated that there are more than 2,000 GovTech in Europe.
Region Overview:
United States had the highest growth rate of all regions.
Company Overview:
The top three companies are Leidos, Tyler Technologies, Motorola Solutions with the revenue market share of 2.99%, 0.30%, 0.25% in 2020.
Leidos is a science and technology solutions leader working to address some of the world's toughest challenges in the defense, intelligence, homeland security, civil, and healthcare markets. Leidos has four central divisions: Civil, Health, Advanced Solutions, and Defense & Intelligence.
The Civil Division focuses on integrating aviation systems, securing transportation measures, modernizing IT infrastructure, and engineering energy efficiently. The Health Division focuses on optimizing medical enterprises, securing private medical data, and improving collection and data entry methods. The Advanced Solutions Division is centered around data analysis, integrating advanced defense and intelligence systems, and increasing surveillance and reconnaissance efficiency. The Defense & Intelligence Division focuses on providing air service systems, geospatial analysis, cybersecurity, intelligence analysis, and supporting operations efforts.
Tyler Technologies is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to empower the public sector - cities, counties, schools and other government entities - to become more efficient, more accessible and more responsive to the needs of their constituents. Tyler's client base includes more than 15,000 local government offices in all 50 states, Canada, the Caribbean, Australia, and other international locations.
Segmentation Overview:
By type, Cloud segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Citizen-centric service delivery segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the GovTech industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of GovTech. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global GovTech Market Report Include:
Market Size Estimates: GovTech market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: GovTech market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the GovTech market
Segment Market Analysis: GovTech market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: GovTech market situations and prospects in major and top regions and countries
GovTech Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.GovTech Industry Chain: GovTech market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
GovTech Industry News, Policies by regions
GovTech Industry Porters Five Forces Analysis
Key players in the global GovTech market are covered in Chapter 2:
CSS
GTY Technology Holdings
RM plc
Nextdoor
Granicus
Accela
Biobot Analytics
CitizenLab
Axon
Tyler Technologies
Leidos
Motorola Solutions
Acivilate
Coord
In Chapter 6 and Chapter 9, on the basis of types, the GovTech market from 2018 to 2028 is primarily split into:
Cloud
On-Premise
In Chapter 7 and Chapter 10, on the basis of applications, the GovTech market from 2018 to 2028 covers:
Citizen-Centric Service Delivery
Citizen Participation
Government Core Operations
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global GovTech market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the GovTech industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of GovTech market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the GovTech industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on GovTech market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the GovTech market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed GovTech market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
