Market Overview:
The global IT spending in public sector market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into services, software and hardware. Services accounted for majority share in 2017 and it is expected to maintain its dominance during the forecast period owing to rising demand for cloud services, big data analytics and mobility solutions among others. Software segment is projected to grow at highest CAGR during 2018-2030 due to increasing adoption of software solutions such as enterprise resource planning (ERP), customer relationship management (CRM) and human capital management (HCM) among others by public sector organizations worldwide. Hardware segment includes segments such as servers, storage devices, networking equipment etc.
Product Definition:
IT spending in the public sector is important because it allows government organizations to keep up with the latest technology trends and improve their operations. By investing in IT, agencies can improve communication, collaboration, and efficiency. Additionally, IT spending can help agencies reduce costs and better serve citizens.
Services:
The global services market is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the growing demand for cloud-based and SaaS applications, which are used by businesses across various industry verticals. Services include consulting, application management & support, infrastructure management & cloud hosting among others.
Software:
Software is the set of procedures, tools and processes used to create, test and analyze software products. It includes computer programs as well as specific application software such as enterprise resource planning (ERP), customer relationship management (CRM) or web design software. Software helps in improving efficiency & effectiveness of an organization by streamlining various tasks from data entry to sales process automation.
Software also offers ease of operation for users with minimal training which further improves productivity resulting in cost savings for an organization.
Application Insights:
The government application segment led the global IT spending in public sector market and accounted for more than 45.0% share of the overall revenue in 2017. The growth can be attributed to increasing demand for cloud services, which offer cost-efficient infrastructure and are easy to manage. Furthermore, governments across the world are focusing on digitization to improve service delivery and reduce costs while improving citizen satisfaction.
The military application segment is expected to witness significant growth over the forecast period owing to extensive investments by countries such as China and Russia in developing their armed forces¢â‚¬â„¢ digital capabilities.
Regional Analysis:
North America dominated the global market in 2017. North America is home to several key IT service companies and technology providers, such as IBM Corporation; Cisco Systems, Inc.; Hewlett Packard Enterprise (HPE); Google LLC; and Microsoft Corporation. The region’s growth can be attributed to the increasing government spending on information technology in order to improve public services delivery. Moreover, rising demand for cloud computing solutions has propelled regional growth over the forecast period.
Asia Pacific is expected to witness significant growth over the next eight years owing to increasing investments by governments of emerging economies such as India and China along with other factors such as improved telecom network infrastructure development across these countries are anticipated boost regional market expansion over this period The Middle East & Africa region accounted for a relatively smaller share in terms of revenue but exhibited high CAGR due mainly its large oil & gas sector which demands huge amounts of IT services from accounting software till networking equipment installation etc.
Growth Factors:
- Increased focus on citizen-centric services: There is an increased focus on citizen-centric services, which is leading to more IT spending in the public sector. Governments are looking to provide better and more efficient services to their citizens, which requires increased investment in technology.
- The need for modernization and transformation: Many governments are looking to modernize and transform their operations, which requires significant investments in IT infrastructure and solutions. This is driving growth in the public sector IT spending market.
- The rise of digital government: Governments are increasingly moving towards a digital government model, where most or all interactions with citizens are done through digital channels. This is requiring significant investments in new technology solutions, such as e-government platforms, cloud computing etc., leading to growth in the public sector IT spending market.
Scope Of The Report
Report Attributes
Report Details
Report Title
IT Spending in Public Sector Market Research Report
By Type
Services, Software, Hardware
By Application
Military, Government, Others
By Companies
Accenture, ALTEN, Altran Technologies, IBM, SAP, ABB, Alcatel-Lucent, Alstom, Hitachi, Bombardier, Capgemini, CGI, Cisco Systems, DXC Technology, GE Transportation, Huawei Technologies, Indra Sistemas, Infosys, Siemens, TCS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global IT Spending in Public Sector Market Report Segments:
The global IT Spending in Public Sector market is segmented on the basis of:
Types
Services, Software, Hardware
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Government, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accenture
- ALTEN
- Altran Technologies
- IBM
- SAP
- ABB
- Alcatel-Lucent
- Alstom
- Hitachi
- Bombardier
- Capgemini
- CGI
- Cisco Systems
- DXC Technology
- GE Transportation
- Huawei Technologies
- Indra Sistemas
- Infosys
- Siemens
- TCS
Highlights of The IT Spending in Public Sector Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Services
- Software
- Hardware
- By Application:
- Military
- Government
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IT Spending in Public Sector Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IT spending in the public sector is growing at a much slower rate than IT spending in the private sector. In 2016, IT spending in the public sector was $127 billion, compared to $1.2 trillion spent by businesses.
Some of the major companies in the it spending in public sector market are Accenture, ALTEN, Altran Technologies, IBM, SAP, ABB, Alcatel-Lucent, Alstom, Hitachi, Bombardier, Capgemini, CGI, Cisco Systems, DXC Technology, GE Transportation, Huawei Technologies, Indra Sistemas, Infosys, Siemens, TCS.
The it spending in public sector market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IT Spending in Public Sector Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IT Spending in Public Sector Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IT Spending in Public Sector Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IT Spending in Public Sector Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IT Spending in Public Sector Market Size & Forecast, 2018-2028
4.5.1 IT Spending in Public Sector Market Size and Y-o-Y Growth
4.5.2 IT Spending in Public Sector Market Absolute $ Opportunity
Chapter 5 Global IT Spending in Public Sector Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IT Spending in Public Sector Market Size Forecast by Type
5.2.1 Services
5.2.2 Software
5.2.3 Hardware
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IT Spending in Public Sector Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IT Spending in Public Sector Market Size Forecast by Applications
6.2.1 Military
6.2.2 Government
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IT Spending in Public Sector Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IT Spending in Public Sector Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IT Spending in Public Sector Analysis and Forecast
9.1 Introduction
9.2 North America IT Spending in Public Sector Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IT Spending in Public Sector Market Size Forecast by Type
9.6.1 Services
9.6.2 Software
9.6.3 Hardware
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IT Spending in Public Sector Market Size Forecast by Applications
9.10.1 Military
9.10.2 Government
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IT Spending in Public Sector Analysis and Forecast
10.1 Introduction
10.2 Europe IT Spending in Public Sector Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IT Spending in Public Sector Market Size Forecast by Type
10.6.1 Services
10.6.2 Software
10.6.3 Hardware
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IT Spending in Public Sector Market Size Forecast by Applications
10.10.1 Military
10.10.2 Government
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IT Spending in Public Sector Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IT Spending in Public Sector Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IT Spending in Public Sector Market Size Forecast by Type
11.6.1 Services
11.6.2 Software
11.6.3 Hardware
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IT Spending in Public Sector Market Size Forecast by Applications
11.10.1 Military
11.10.2 Government
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IT Spending in Public Sector Analysis and Forecast
12.1 Introduction
12.2 Latin America IT Spending in Public Sector Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IT Spending in Public Sector Market Size Forecast by Type
12.6.1 Services
12.6.2 Software
12.6.3 Hardware
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IT Spending in Public Sector Market Size Forecast by Applications
12.10.1 Military
12.10.2 Government
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IT Spending in Public Sector Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IT Spending in Public Sector Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IT Spending in Public Sector Market Size Forecast by Type
13.6.1 Services
13.6.2 Software
13.6.3 Hardware
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IT Spending in Public Sector Market Size Forecast by Applications
13.10.1 Military
13.10.2 Government
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IT Spending in Public Sector Market: Competitive Dashboard
14.2 Global IT Spending in Public Sector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture
14.3.2 ALTEN
14.3.3 Altran Technologies
14.3.4 IBM
14.3.5 SAP
14.3.6 ABB
14.3.7 Alcatel-Lucent
14.3.8 Alstom
14.3.9 Hitachi
14.3.10 Bombardier
14.3.11 Capgemini
14.3.12 CGI
14.3.13 Cisco Systems
14.3.14 DXC Technology
14.3.15 GE Transportation
14.3.16 Huawei Technologies
14.3.17 Indra Sistemas
14.3.18 Infosys
14.3.19 Siemens
14.3.20 TCS
