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2016 State of GovTech Market Briefing - Updated

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2016 GovTech market conversation held in San Francisco, California with Nasdaq, Crunchbase and the San Francisco Mayor's Office of Civic Innovation.

**Now updated with final year-end numbers for 2016**

Published in: Government & Nonprofit
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2016 State of GovTech Market Briefing - Updated

  1. 1. 24 states in the Fortune 100 1. Wal-Mart $482 California $265 2. Exxon Mobil $246 8. General Motors $152 New York $152 18. Amazon $107 Texas $106 33. Anthem $79 Pennsylvania $79 Florida $76 Ohio $68 Illinois $65 51. Intel $55 Michigan $53 New Jersey $51 North Carolina $50 Massachusetts $49 Virginia $48 Washington $45 62. Coca-Cola $44 Georgia $44 Maryland $41 Arizona $40 Minnesota $37 Wisconsin $35 85. American Exp. $34 Tennessee $33 Oregon $33 Indiana $31 Kentucky $30 Alabama $29 Louisiana $28 100. Northwestern Mutual $28 Source: Fortune 500; Center for Digital Government (in billions)
  2. 2. Administration & Finance Health & Human Services Education Public Safety & Justice Transportation Public Works Environment & Natural Resources The government market is an industry of industries.
  3. 3. Started 1991 $1.48 billion market cap NASDAQ: EGOV Started 1991 $1.3 billion market cap NASDAQ: TASR Started 1975 $3.45 billion market cap NASDAQ: MMS Started 1966 $6.11 billion market cap NYSE: TYL
  4. 4. Technology and social trends are reshaping the landscape of government. Technology • Mobile Platforms • Ubiquitous Connectivity • Cloud/SaaS • Big Data/Analytics • Internet of Things (IoT) Social • Transparency/Open Gov • Structural Fiscal Constraints • Workforce Demographics • App Economy
  5. 5. Government is doubling down on technology.
  6. 6. $99.8 billion is the estimated IT spend at the state and local government levels.
  7. 7. State and Local IT Spending 2016 vs. 2015 Source:
  8. 8. The average RFP is on the street for only 21 days.
  9. 9. 10,000 Number of IT vendors engaged in GovTech business. Source: e.Republic
  10. 10. 16,000 Statewide IT contracts across the country. Source: e.Republic
  11. 11. 33,662 IN 2016 Number of IT-related opportunities Source: e.Republic (2016)
  12. 12. 2011-16 IT Procurement Volume Source: e.Republic (2016) 33,662
  13. 13. 2015 IT Opportunity Breakdown Source: e.Republic (2016)
  14. 14. Administration & Finance Health & Human Services Education Public Safety & Justice Transportation Public Works Environment & Natural Resources 2016 Actual GovTech IT Spend $8.7 Billion $26.4 Billion $10.3 Billion $7.6 Billion $7.6 Billion $23 Billion $7.4 Billion Source: e.Republic (2016)
  15. 15. Source: e.Republic (2016)
  16. 16. State & Local Government Is an Industry. There are over 89,000 local government agencies across the country that are composed of cities, counties, townships and special-purpose government agencies.
  17. 17. What is a GovTech company? 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:
  18. 18. GovTech Market Model Source: e.Republic Labs (2015)
  19. 19. 9 years old Average Age of a GovTech 100 Company Source: Crunchbase, e.Republic (2016)
  20. 20. Average Number of Founders in a GovTech 100 Company Source: Crunchbase (2016)
  21. 21. Number of Acquisitions Made by GovTech 100 Companies Source: Crunchbase, e.Republic (2016)
  22. 22. Number of Articles Written on GovTech 100 Companies Source: Crunchbase, e.Republic (2016)
  23. 23. 337 Total Cumulative Investors in GovTech 100 Companies Source: Crunchbase (2016)
  24. 24. Global Investors in GovTech Companies
  25. 25. US-based Investors in GovTech Companies
  26. 26. Source: Crunchbase (2016) SINCE 1990 Number of GovTech 100 IPOs
  27. 27. What changed in 2016?
  28. 28. $201,110,500 Source: Crunchbase (2016) IN 2016 Amount Raised By GovTech 100 Companies
  29. 29. Source: Crunchbase, e.Republic (2016) 2016 GovTech 100 Funding
  30. 30. $25,101,303 IN 2016 Average GovTech 100 Company Round Source: Crunchbase (2016)
  31. 31. Source: Crunchbase, e.Republic (2016) Administrative Companies raised the most funding. GovTech 100 Percentage of Funding in 2016
  32. 32. 16,317 - 27,845 IN 2016 Number of GovTech 100 Company Employees Source: Crunchbase, LinkedIn, e.Republic (2016)
  33. 33. IN 2016 GovTech 100 Company Closed Source: e.Republic (2016)
  34. 34. IN 2016 Number of GovTech 100 Companies Acquired Source: Crunchbase, e.Republic (2016)
  35. 35. GovTech 100 Acquisitions in 2016 Source: Crunchbase, e.Republic (2016)
  36. 36. Source: e.Republic (2016) Acquisition Sectors
  37. 37. GovTech 100 + 2017.

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