GovTech Market Will Hit Big Revenues In Future | MicroTraffic, CoProcure, CivicPlus, ProudCity, Zencity

Advance Market Analytics published a new research publication on "Global GovTech Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the GovTech market was mainly driven by the increasing R&D spending across the world.

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Major players profiled in the study are:
ProudCity (United States), MicroTraffic (Canada), Viselio (Serbia), CoProcure (United States), Axon (United States), Cartegraph (United States), CentralSquare Technologies (United States), CivicPlus (United States), Zencity (Israel), PUBLIC (Germany)

Scope of the Report of GovTech
GovTech helps the public sector engage with start-ups and SMEs to procure innovative technology solutions for the provision of tech-based products and services in order to innovate and improve existing public services. The main trends in GovTech Remote Collaboration, Cloud Shift, Growing public expectations, and others. However, More than USD 10B was invested in GovTech start-ups during 2019-2021. Furthermore, Top-15 GovTech companies account for 96% of companies that were invested in. With USD 8.4B, Geographically, North America is the largest region by funding, followed by Europe with $2.0B.Hence these are a key driver that is triggering the market over the upcoming year.

On September 2021 civstart has launched a 2021 cohort for innovative local government. The main aim for launching a new program is to accelerator program focused on providing local governments with affordable and innovative solutions to their biggest challenges

The Global GovTech Market segments and Market Data Break Down are illuminated below:
by Application (Public Safety, Waste Management, Healthcare Solutions, Other), Technology (Artificial intelligence and machine learning, Cloud computing, Internet of Things, Others), Organization size (SMEs and Medium, Large size), GovTech Program (Hackathons, Ecosystem building, Piloting and R&D grants, Others)

Market Opportunities:
• GovTech adoption will also create more jobs and drive economic growth.

Market Drivers:
• Extremely diverse public sector market

Market Trend:
• Advanced technologies have penetrated the demand for GovtTech

What can be explored with the GovTech Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyze and Measure the Global GovTech Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in GovTech
• Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global GovTech Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the GovTech market
Chapter 2: Exclusive Summary - the basic information of the GovTech Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the GovTech
Chapter 4: Presenting the GovTech Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2016-2022
Chapter 6: Evaluating the leading manufacturers of the GovTech market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2030)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, GovTech Market is a valuable source of guidance for individuals and companies.

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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

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This release was published on openPR.