E-governance Market Global Market – Overview
E-governance is the part of information and communication technology (ICT) to offer government services to the general public. The government services include communication transactions and consolidations of various peripheral systems and services between government to government (G2G), government to employees (G2E), government to citizen (G2C), and government to businesses (G2B). The main objective of e-governance is to offer government services citizens in an effective, convenient and transparent manner. The evolution of e-governance as a business solution for many heavy weight corporates and increasing demand for constant convenient solutions for governments services are expected to be major drivers of e-government market over the forecast period. Additionally, surging usage of data, regulation policies and increasing business consolidations are presumed to be propelling factors of the e-governance market. On the other hand, lack of internet facilities in rural and low income areas, lack of operating skills and huge amount of cost involved in implementation of facilities are anticipated to hinder the growth of the e-government market over the review period.
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January 2018, FIS emerged as a new cards platform provider for Australia’s ME Bank. FIS, a leading solution provider for financial services, has been selected as a new card platform provider by ME bank based in Australia. FIS will offer a new platform for debit and credit cards which also includes producing cards , managing and billing transactions.
June 2017, Thomson Reuters and NSDL e governance signed Memorandum of Understanding to provide solution for GST. In order to provide the smooth calculation and filling of tax returns under the new tax regime GST Thomson reuters, a leading solution provider for businesses and professional and NSDL e-governance of India have collaborated to form Thomson Reuters ONESOURCE determination solution, for value added services for professional and MSME segments.
The prominent players in the E-governance Market 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), among others.
E-governance Market Global Market – Segmentation
Segmentation by Component: Software, Services and Others
- Segmentation by Solutions: Audit Management, Compliance management, Financial controls management and Policy Management.
- Segmentation by Deployment Type: Cloud and On-Premises and Others
- Segmentation by Service: Consulting and training, Integration and Support
- Segmentation by Region: North America, Europe, Asia Pacific, Rest of the World.
E-governance Market Global Market – Regional Analysis
North America is expected to dominate the global e-governance market with the largest market share in the region. This is attributed to early adoption of e-governance services in commercial sectors. The U.S and Canada are the leading countries in the North America region. Asia Pacific region is expected to be the fastest growing region in e-government market. Currently, India is expected to be the brightest spot due to implementation of new tax regime Goods &Service (GST) in the country which drive the major demand for solutions by the corporates and MSME sector.
Additionally, Europe is expected to have substantial growth of the E-governance market owing to advanced technological infrastructure in the region.
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- System Security
- E-governance solution and service providers
- Governance, Risk Management, Compliance (GRC) staff
- Information security directors/managers
- IT directors/consultants
- E-governance instrument
- Research organizations
- Technology investors
- IT governance directors/managers
- IT risk directors/managers
- IT compliance directors/managers
- IT audit directors/managers
- Raw material and manufacturing equipment suppliers
- Research/Consultancy firms
- Analysts and strategic business planners
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