E-Governance Market Size is Projected to Reach USD 48.3 Billion at a CAGR of 13.20% by 2030 – Report by Market Research
May 25, 2023
Market Research Future Insights
According to MRFR analysis, the E-Governance Market is expected to register a CAGR of 13.20% from 2022 to 2030and hold a value of over USD 48.3 billion by 2030.
E-governance market refers to the use of electronic technologies, such as the internet, mobile devices, and other digital platforms, to facilitate and improve the delivery of government services and information to citizens. The e-governance market encompasses a wide range of software, hardware, and services that enable governments to provide more efficient, effective, and transparent services to their citizens. The market includes vendors who provide software and services related to e-government portals, digital identity management, online payment systems, electronic document management, and other technologies that support e-governance initiatives.
The COVID-19 pandemic had a significant impact on the e-governance market, as it has accelerated the adoption of digital technologies by governments around the world. The pandemic has forced governments to adopt remote working and digital processes to continue providing essential services to citizens while minimizing physical contact and maintaining social distancing.
The pandemic has also led to an increase in demand for e-governance solutions that can provide citizens with easy access to information, online payment systems, and other digital services.
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Some of the key market players are:
- EMC Corporation (US)
- Oracle Corporation (US)
- SAP SE (Germany)
- Microsoft Corporation (US)
- Wolters Kluwer N.V (Netherlands)
- MetricStream Inc. (US)
- SAS Institute Inc. (US)
- IBM Corporation (US)
- Fidelity National Information Services Inc. (US)
- Thomson and Reuters Corporation (US)
E-Governance Market Scope:
Revenue Forecast in 2030:
USD 48.3 Billion
CAGR of 13.20% from 2022 to 2030
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The E-Governance Market has been segmented into deployment and end-user.
Based on the deployment, the market has been segmented into cloud and on-premises.
Based on the end-user, the market has been segmented into commercial, BFSI and government.
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North America is the largest region in the e-governance market, followed by Europe and Asia-Pacific.
The North American region is dominating the market due to the high level of technology adoption, the presence of major e-governance vendors, and the strong focus on digital government initiatives in countries like the United States and Canada. Europe follows closely behind, driven by initiatives like the European Union’s Digital Single Market and various country-level e-government strategies.
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