Mexico Smart Government Market Size & Outlook, 2023-2030

The smart government market in Mexico is expected to reach a projected revenue of US$ 522.5 million by 2030. A compound annual growth rate of 7.1% is expected of Mexico smart government market from 2024 to 2030.
Revenue, 2023 (US$M)
$322.9
Forecast, 2030 (US$M)
$522.5
CAGR, 2024 - 2030
7.1%
Report Coverage
Mexico

Mexico smart government market highlights

  • The Mexico smart government market generated a revenue of USD 322.9 million in 2023 and is expected to reach USD 522.5 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
  • In terms of segment, professional services was the largest revenue generating services in 2023.
  • Managed Services is the most lucrative services segment registering the fastest growth during the forecast period.


Smart government market data book summary

Market revenue in 2023USD 322.9 million
Market revenue in 2030USD 522.5 million
Growth rate7.1% (CAGR from 2023 to 2030)
Largest segmentProfessional services
Fastest growing segmentManaged Services
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationProfessional Services, Managed Services
Key market players worldwideAmazon.com Inc, Alphabet Inc Class C, International Business Machines Corp, Microsoft Corp, Oracle Corp, Palantir Technologies Inc Ordinary Shares - Class A, Salesforce Inc, Snowflake Inc Ordinary Shares - Class A, Accela, CivicPlus


Other key industry trends

  • In terms of revenue, Mexico accounted for 0.9% of the global smart government market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Latin America, Brazil smart government market is projected to lead the regional market in terms of revenue in 2030.
  • Brazil is the fastest growing regional market in Latin America and is projected to reach USD 865.6 million by 2030.

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Smart Government Market Companies

Name Profile # Employees HQ Website

Mexico smart government market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart government market will help companies and investors design strategic landscapes.


Professional services was the largest segment with a revenue share of 61.29% in 2023. Horizon Databook has segmented the Mexico smart government market based on professional services, managed services covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Mexico smart government market databook

  • Our clientele includes a mix of smart government market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico smart government market , including forecasts for subscribers. This country databook contains high-level insights into Mexico smart government market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico smart government market size, by services, 2018-2030 (US$M)

Mexico Smart Government Market Outlook Share, 2023 & 2030 (US$M)

Mexico smart government market size, by services, 2018-2030 (US$M)

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