According to the research report titled ‘Global Public Sector Software Market Size study with COVID-19 Impact, by Type (Cloud-based, On-premises), by Application (Government, Transportation, BFSI, Healthcare) and Regional Forecasts 2020-2027‘, available with Market Study Report, global public sector software market was valued at USD 57.6 billion in 2019 and is expected to witness a y-o-y growth rate of 13.28% during 2020-2027.
 

Increasing adoption of mobility solutions is expected to drive global public sector software market during the forecast period. Further, high internet penetration, rising adoption of software solutions, and increasing digitalization are also likely to contribute to the industry growth.
 

Public sector software is designed to monitor, detect, and perform operations including government operations. According to Statista, rate of online penetration accounted reached 59% globally, in April 2020 owing to rising popularity of digital advertisements, hence fueling global public sector software market growth. Further, surging adoption of electronic gadgets like tablets, laptops, and mobile phones will also propel the market growth.
 

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Rising prevalence of COVID-19 has driven the work from home culture across the globe, in turn boosting the adoption of public sector software in companies to ensure smooth work operations, which is stimulating global public sector software industry outlook.
 

Incorporation of Big Data and analytics services because of the huge amount of data generation, along with innovations in analytical tools will also influence the market trends. However, concerns related to privacy and security are expected to hamper worldwide public sector software market over the forecast period.
 

Based on application spectrum, global public sector software market is segmented into BFSI, government, healthcare and transportation. As per deployment mode, the market is segmented into cloud and on-premises.
 

From regional frame of reference, North America led the global public sector software market dynamics in the recent past, mainly due to increasing technological advancements in the region. Meanwhile, Asia Pacific market is anticipated to witness highest growth rate over 2020-2027, owing to surging mobile users and swift technology adoption in developing countries such as China and India.
 

Major players operating in global public sector software marketplace include HCL Technologies Limited, TATA Consultancy Services Limited, Infor Pvt. Ltd., NortonLifeLock Inc., Juniper Networks Inc., Cisco Systems Inc., Salesforce.com Inc., Microsoft Corporation, Tech Mahindra Limited, and SAP SE.