1. Business

E-Governance Market Research Report- Forecast till 2029

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Market Highlights

E-governance or electronic governance is likely to be adopted by the governments in order to support the digitization of their services. In Market Research Future (MRFR)’s assessment, it has been unraveled that the global e-governance market is set to strike 12.6% CAGR across the forecast period. Also, according to the report, the market is expected to earn revenues worth over USD 45 Bn by 2022 up from USD 20.82 Bn in 2016.

Market Potential and Pitfalls

The E-governance market is estimated to expand at breakneck speed due to the surging demand for regulatory requirements, corporate governance, and compliance. The E-governance market is gradually emerging as a business imperative in the organization mainly owing to the rising use of data, increased business collaborations, compliance mandates, and government regulations. The services offered by E-governance including integration, support, and training, has availed the industries for the best practices, which has ensured a burgeoning market for E-governance. The extensive need for enterprise-wide risk management systems is encouraging transparency among the systems, which is further contributing to the market growth across the globe. Moreover, with the increasing demand for financial assessment coupled with the cost savings solutions, the E-governance market is considered to flourish.

On the contrary, the dearth of internet facilities in low income and rural areas, the huge cost involved in the implementation of facilities, and lack of operating skills are some of the top concerns considered to impair the E-governance market during the review period.

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Segmentation:

By Component, the global e-governance market has been segmented into Software, and Services.

On the basis of solutions, the e-governance market has been segmented into audit management, compliance management, financial controls management, policy management, and others.

By deployment type, the segments of the e-governance market include cloud, on premises, and others.

Based on end users, the global e-governance market is segmented into commercial, BFSI, government, healthcare, telecom and IT, transportation and logistics, mining, retail and consumer goods, energy and utilities, and others.

Regional Insights

The regions discussed here spans across North America, Asia Pacific, Europe and the Rest-of-the-World (RoW).

Considering the global scenario, the North American region will secure the top position in the global market. The region is leading the commercial use of E-governance owing to its early implementation in the major sectors. With Canada and the US extensively implementing E-governance solutions in their nations, the region is estimated to witness the highest market share.

The European region showcases a positive growth curve in the expansion of the E-governance market owing to the surging applications of E-governance devices in the commercial sector. Moreover, the Asia Pacific region has established itself as one of the major markets and is showing high adoption of E-governance due to the presence of developing economies like India, China, and Japan.

Industry Updates

May 06, 2019: E-governance Services India Limited has recently tied up with Indian Institute of Technology Kanpur in order to upscale Unnat Bharat Abhiyan. Unnat Bharat Abhiyan is an initiative undertaken by the Ministry of HRD which aims towards finding solutions in order to catalyze a sustainable growth in rural India.

Competitive Dashboard

The prominent players operating in the global E-Governance Market Analysis comprises Oracle Corporation (US), EMC Corporation (US), Microsoft Corporation (US), SAP SE (Germany), MetricStream Inc. (US), Wolters Kluwer N.V (Netherlands), IBM Corporation (US), SAS Institute Inc. (US), Thomson and Reuters Corporation (US), and Fidelity National Information Services Inc. (US).

Browse Complete Report @ https://www.marketresearchfuture.com/reports/e-governance-market-3875

Global E-governance Market, by Component (Software, Services), By Solutions, By Deployment Type (Cloud, On-Premises), By End Users (Commercial, BFSI, Government, Healthcare), By Region – Forecast 2027

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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