Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

GovTech Market Snapshot

6,420 views

Published on

A high-level overview of the state and local government technology (GovTech) market. If you're interested in including your company in future research and editorial, please submit it at http://labs.erepublic.com/startups.

Published in: Government & Nonprofit
  • Hey guys! Who wants to chat with me? More photos with me here 👉 http://www.bit.ly/katekoxx
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here

GovTech Market Snapshot

  1. 1. GovTech Market Snapshot v1 LABS Source: e.Republic Labs (2015)
  2. 2. This report is a current snapshot of our ongoing work at e.Republic Labs. Its aim is to help existing companies, startups, investors and government agencies better understand the emerging GovTech market. e.Republic Labs, through its parent company, has been tracking digital technology in the public sector since 1987. In the last several years, developments like mobile platforms, ubiquitous connectivity, cloud/SaaS services and data analytics have combined with other trends to drive significant disruption in the government technology market. From open data to civic tech to the Internet of Things, tech and market changes have opened opportunities for a new class of companies and products focused on the $175 billion U.S. government technology industry. About us e.Republic Labs is part of e.Republic, home to Govtech.com, Governing.com and the Center for Digital Government. e.Republic Labs is a catalyst to help educate, accelerate and ultimately scale technology innovation in the public sector. e.Republic Labs is directed by Dustin Haisler. Source: e.Republic Labs (2015)
  3. 3. Technology Trends Social Trends Source: e.Republic Labs (2015) • Mobile Platforms • Ubiquitous Connectivity • Cloud/SaaS • Big Data/Analytics • Internet of Things (IoT) • Transparency/Open Gov • Structural Fiscal Constraints • Workforce Demographics • App Economy Technology and social trends are reshaping the landscape of government. This is a uniquely disruptive moment in the evolution of technology, offering a once-in-a-generation opportunity for governments both small and large to harness powerful new tools that can dramatically improve public sector outcomes.
  4. 4. Government may not be the natural place you would look to for emerging market opportunities; however, new forces are challenging the way government does business and providing opportunities for companies. The convergence of technology and social trends is reshaping the government market. There is a new class of companies and products targeting government as a primary market segment. Equally disruptive, increasing investments from venture capital firms such as Andreessen Horowitz, are accelerating the pace of change by injecting capital into a growing cohort of GovTech companies. Source: e.Republic Labs (2015)
  5. 5. GovTech companies are firms that have state, local and federal government as their primary market focus and derive the majority of their revenues from the public sector. GovTech companies can be categorized among four domains: What is a GovTech company? (1) Administration (2) Service Delivery (3) Civic Tech (4) Smart Infrastructure Source: e.Republic Labs (2015)
  6. 6. Smart Infrastructure Serves as the infrastructure layer of government by enabling operational capacity of physical assets and systems (e.g., facilities, roads and utilities) through digital controls, sensors, self-monitoring predictive analytics and security. Exemplified by the Internet of Everything, category includes smart grid, smart meter, and the cloud. Civic Tech Serves as the engagement layer of government by supporting citizen self-services and engagement, using aggregated reporting, open data and crowdsourcing to enable citizens to digitally connect with government.  Administration Serves as the official record layer or ledger of government permissions, data and money in government. Category includes systems that automate financial, personnel, case, asset, traffic, construction and land management records. Service Delivery Serves as the transaction layer of government by enabling the processing of transactions, payments and logistics by public employees or citizens/businesses to fullfill public service requests and service delivery. Category would include systems that automate licensing, payments and business intelligence of records. Smart Infrastructure Civic Tech Administration Services External DeliveryOperations Internal ProductPlatform Solution Source: e.Republic Labs (2015) GovTech Market Model
  7. 7. GovTech Market Model Source: e.Republic Labs (2015) Smart Infrastructure Civic Tech OpenGov Streetline Accela Tyler Tech MuniCode Pondera MuniRent Administration Services External DeliveryOperations Internal SeeClickFix GovDelivery NIC Platform Solution Product Example GovTech Companies OpenGov enables agencies and citizens to have greater insights into public financial data through the use of online dashboards and reporting tools. Pondera is a fraud-detection-as-a- service system that analyzes public benefit transactions (e.g., Medicare) and predicts the likelihood of fraud. Accela offers a civic cloud that connects multiple systems of records (ERP, work orders, etc.) to enable more efficient and effective operations. Streetline uses a series of Internet-connected sensors to make parking more efficient and predictable. NuCivic
  8. 8. In addition to the four market domains of Civic Tech, Smart Infrastructre, Administration and Service Delivery, the public sector is made up of large vertical application segments. GovTech Market Verticals Operations Finance Public Safety Health & Human Service Public Works Information Technology Source: e.Republic Labs (2015)
  9. 9. GovTech Market Companies Investors Not-for-Profits LABS Source: e.Republic Labs (2015)
  10. 10. Snapshot of New & Existing GovTech Market Companies LABS Source: e.Republic Labs (2015)
  11. 11. Snapshot of New and Existing GovTech Market Companies
  12. 12. There are over 100 GovTech companies and counting. LABS Source: e.Republic Labs (2015)
  13. 13. Snapshot of GovTech Market Investors LABS Source: e.Republic Labs (2015)
  14. 14. Snapshot of Investors In The GovTech Space Source: e.Republic Labs (2015)
  15. 15. Sample of recent GovTech market activity: Source: e.Republic Labs (2015)
  16. 16. Snapshot of GovTech Market Not-for-Profits LABS Source: e.Republic Labs (2015)
  17. 17. Snapshot of GovTech Market Not-for-Profits Source: e.Republic Labs (2015)
  18. 18. Tech and social trends are fueling major shifts in the way governments can engage digital technology. This market shift is driving the entrance of new companies specificlly focused on the $175 billion government technology market — the GovTech startup. The GovTech market is expanding around four primary market segments: administration, civic tech, intelligent infrastructure and service delivery. Venture capital firms, non-profit foundations and angel investors are increasingly injecting capital and resources into this emerging GovTech market. Key Takeaways 4 4 4 4 Source: e.Republic Labs (2015)
  19. 19. LABS Source: e.Republic Labs (2015) For more research join our network. e.Republiclabs.com
  20. 20. Appendix Government Market Facts LABS Source: e.Republic Labs (2015)
  21. 21. State & Local Government Is an Industry. Source: e.Republic Labs (2015) There are over 89,000 local government agencies across the country that are composed of cities, counties, townships and special-purpose government agencies. # of Cities # of Counties # of Townships Local Governments Local Governments Local Governments 19,422 3,031 16,364
  22. 22. State & Local Government Is an Industry. Source: e.Republic Labs (2015) There are over 50,000 special-purpose governments, which include utility and school districts. # of Special Districts # of School Districts General Purpose Gov General Purpose Gov 37,203 12,884
  23. 23. State & Local Government Is an Industry. Source: e.Republic Labs (2015) State and local spending have continued to grow as economic conditions have rebounded from pre-recession levels. State and Local Spending State and Local Employees Overall Spending Employees $3 trillion 19 million
  24. 24. Government Information Technology Spending Source: e.Republic Labs (2015) 1 2 1 Center for Digital Government (2015) 2 https://www.whitehouse.gov/sites/default/files/omb/budget/fy2015/assets/budget.pdf State and local information technology spending accounts for $96 billion dollars of the $3 trillion dollar budget. State and Local IT Spending Federal IT Spending Up 2.5% from 2015 $96 billion $79 billion
  25. 25. Government Information Technology Trends Source: e.Republic Labs (2015)
  26. 26. LABS Source: e.Republic Labs (2015) e.Republiclabs.com

×