Global Public Sector Software Market 2017-2021
About Public Sector Software
Public sector software refers to solutions that are specifically designed for the organizations in the public sector. It enables public sector companies to monitor, detect, and report their operations. With an increase in the Internet penetration in emerging countries, the adoption of software solutions is expected to grow. Also, with the use of wireless networks for mobile devices such as smartphones, tablets, and laptops, these IT systems require an improved operational efficiency. Furthermore, with the adoption of cloud-based services and the emergence of the Internet of Things (IoT), IT systems have become more vulnerable to data threats.
Technavio’s analysts forecast the global public sector software market to grow at a CAGR of 13.28% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global public sector software market for 2017-2021. To calculate the market size, the report considers the licensed solutions and pay-per-use solutions. Integrated services and third-party.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Public Sector Software Market 2017-2021
Technavio recognizes the following companies as the key players in the global public sector software market: Cisco Systems, Symantec, Microsoft, and SAP
Other Prominent Vendors in the market are: Infor, Juniper Networks, HCL Technologies, Salesforce, and Tech Mahindra.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Demand for integrated software suites. One of the main trends observed in the global public sector software market is the increasing demand for integrated software suites. Since opting for different software suites can lead to integration issues, end-users prefer vendors that provide integrated and converged software suites. Integrated products from the same vendor have a better integration ability, and they support other functions. Since the increased complexity of the network infrastructure has made integration an important buying criterion, solutions with better integration are finding higher adoption. Witnessing this demand for integrated software suites, all the major vendors are providing software suites with similar capabilities for specified functions. This trend is expected to be one of the most relevant trends in the future; hence, all the vendors are expected to provide integrated solutions”
According to the report, one of the major drivers for this market is Increased adoption of mobility solutions. Mobility is touching every aspect of government operations such as data collection using mobile devices, wireless networks, and unified communication. Mobility makes e-government initiatives successful in tier-II/tier-III cities and rural areas that lack IT infrastructure and Internet access. Hence, for an uninterrupted data sharing process, mobility is important. With mobility, financial inclusion can be achieved, and people without access to a bank can use m-commerce, mobile banking, and mobile money.
Further, the report states that one of the major factors hindering the growth of this market is Availability of open-source solutions. Owing to technological developments, open-source solutions are posing a serious threat to the global public sector software market. Also, the global public sector software market is witnessing an increase in the adoption of open-source solutions. Most of the small-scale companies and individual users worldwide have low capital and cannot invest in expensive solutions. As a result, such users adopt open-source solutions to manage their business operations with no capital investment. It can be an extremely economical solution for organizations with limited resources and expertise availability. These open-source solutions can be downloaded and run on all platforms. The presence of several open-source solution vendors is reducing the overall revenue generated in the global public sector software market.
Cisco Systems, Symantec, Microsoft, SAP, Infor, Juniper Networks, HCL Technologies, Salesforce, and Tech Mahindra.
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