Citizen Services AI Market:
Executive Summary
The data processing requirements by governments all over the world is very high. Every department of the government body keeps gathering data about the people living in the country and processing this will help give vital information about the citizens to the officials. The citizen services AI industry puts together the latest Information Technology processes and techniques to help governments handle their data load. IT modernization also helps governments move away from using old software and hardware solutions that are outdated.
Governments all over the world are aiming at increasing their budgets on infrastructure development. For instance, reports mention that the government of the USA has planned to spend about 78% of its federal IT spending of USD 82 billion on building IT infrastructure. Also, amongst the 7000 IT investments by the US government, approximately 5233 of this were spent on O&M activities. The motivation global governments’ show for embracing the citizen services AI market will be high in the coming years.
The current value of the global citizen services AI market is USD 1 billion and this is set to see a considerable increase in the forecasted periods between 2019 and 2026. In fact, the estimated growth rate is 46.4%. This report will talk about both the qualitative and quantitative aspects of this market and identify vital factors like revenue generated, sales volume, and demand and supply of the products and services of this market. These factors help stakeholders take important decisions about their business plans and strategies.
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Market Key Players
Accenture, Alibaba, AWS, IBM, Intel, Microsoft, NVIDIA, Pegasystems, Servicenow, Tencent.
Market Segmentation
There are four common kinds of technologies the citizen services AI market uses. This report analyzes machine learning, facial recognition, image processing, and natural language processing processes and identifies their individual demands in the current market. This goes on to pinpoint that one technology that will emerge the market leader. Based on the areas of applications, traffic, and transportation management, healthcare, public safety, general services, and utilities are the departments that this report investigates. The department that will create the most demand for the AI market is identified in the report.
Regional Analysis
Based on the different regions, the report analyzes the effects areas like North America, USA, Canada, Germany, Asia Pacific, Japan, India and the rest of the world have on the global citizen services AI market. Thanks to the fast growth of IT infrastructure services, the Asia Pacific region will be a market leader in this industry in the coming years. This report goes on to talk about different key players in each of these regions and their effects on the market’s positioning. Submarkets generated in these areas and their scope for growth is also explained in detail.
Industry News
In 2019, Tata Consultancy Services, an Indian multinational company will lead an e-governance project which is a first of its kind in India. This project will help the citizen services of the government by using analytics to work on different data available.
Continuous…
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