Post on 18-Jan-2017
24 states in the Fortune 1001. Wal-Mart $482California $265 2. Exxon Mobil $246 8. General Motors $152New York $152 18. Amazon $107Texas $10633. Anthem $79Pennsylvania $79Florida $76Ohio $68
Illinois $6551. Intel $55Michigan $53New Jersey $51North Carolina $50Massachusetts $49Virginia $48Washington $4562. Coca-Cola $44Georgia $44Maryland $41
Arizona $40Minnesota $37Wisconsin $3585. American Exp. $34 Tennessee $33 Oregon $33Indiana $31Kentucky $30Alabama $29Louisiana $28100. Northwestern Mutual $28
Source: Fortune 500; Center for Digital Government
(in billions)
Administration& Finance
Health & Human
ServicesEducationPublic Safety
& Justice Transportation Public WorksEnvironment
& Natural Resources
The government market is anindustry of industries.
Started 1991$1.48 billion market capNASDAQ: EGOV
Started 1991$1.3 billion market capNASDAQ: TASR
Started 1975$3.45 billion market capNASDAQ: MMS
Started 1966$6.11 billion market capNYSE: TYL
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
Government is doubling down on technology.
$99.8 billionis the estimated IT spend at the state and local
government levels.
State and Local IT Spending 2016 vs. 2015
2015 2016 State $46 Billion $47.4 Billion
Local $51 Billion $52.4 Billion
Total $97 Billion $99.8 Billion
Source:
The average RFP is on the street for only 21 days.
10,000Number of IT vendors engaged in
GovTech business.
Source: e.Republic
15,000Statewide IT contracts across
the country.
Source: e.Republic
30,000IN 2016
Number of IT-related opportunities
Source: e.Republic (2016)
2011-16 IT Procurement Volume
Source: e.Republic (2016)
2011
16,000
2012
21,000
2013
23,100
2014
25,200
2015
29,800
2016
33,000*
2015 IT Opportunity Breakdown
Source: e.Republic (2016)
Administration& Finance
Health & Human
ServicesEducationPublic Safety
& Justice Transportation Public WorksEnvironment
& Natural Resources
2016 Estimated GovTech IT Spend
$8.5 Billion
$25.9 Billion
$10 Billion
$7.5 Billion
$7.5 Billion
$22.4 Billion
$7.3 Billion
Source: e.Republic (2016)
Source: e.Republic (2016)
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.
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:
GovTech Market Model
Source: e.Republic Labs (2015)
9 years oldAverage Age of a GovTech 100 Company
Source: Crunchbase, e.Republic (2016)
2Average Number of Foundersin a GovTech 100 Company
Source: Crunchbase (2016)
23Number of Acquisitions Made by GovTech 100 Companies
Source: Crunchbase, e.Republic (2016)
2,367Number of Articles Written
on GovTech 100 CompaniesSource: Crunchbase, e.Republic (2016)
323Total Cumulative Investorsin GovTech 100 Companies
Source: Crunchbase (2016)
Global Investors in GovTech Companies
US-based Investors in GovTech Companies
5Source: Crunchbase (2016)
SINCE 1990 Number of GovTech 100 IPOs
What changedin 2016?
$185,950,000
Source: Crunchbase (2016)
IN 2016
Amount Raised By GovTech 100 Companies
Source: Crunchbase, e.Republic (2016)
2016 GovTech 100 Funding
$26,564,286IN 2016
Average GovTech 100 Company Round
Source: Crunchbase (2016)
Source: Crunchbase, e.Republic (2016)
Administrative Companies raised the most funding.
GovTech 100 Percentage of Funding in 2016 18.2%
Service Delivery
27.3%Smart Infrastructure
54.5%Administration
16,317 - 27,845IN 2016
Number of GovTech 100 Company Employees
Source: Crunchbase, LinkedIn, e.Republic (2016)
1IN 2016 GovTech 100 Company Closed
Source: e.Republic (2016)
5IN 2016 Number of GovTech 100 Companies Acquired
Source: Crunchbase, e.Republic (2016)
GovTech 100 Acquisitions in 2016
Source: Crunchbase, e.Republic (2016)
Source: e.Republic (2016)
Acquisition Sectors
GovTech 100 + 2017.