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The global ICT Investment in Government Market was USD 532.21 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% during the forecast period. Governments around the world are increasingly adopting digital technologies to enhance the efficiency and effectiveness of their services, resulting in significant investment in various ICT solutions such as cloud computing, data analytics, AI, blockchain technology, and IoT. The need for secure and efficient data exchange among different government departments and agencies is another key factor contributing to the market’s revenue growth. The trend towards electronic governance and paperless administration is also driving the growth of the market.
