Global Government Spending
Global Government Spending industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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Essential resource for top-line data and analysis covering the Global government spending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
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- What was the size of the Global government spending market by value in 2016?
- What will be the size of the Global government spending market in 2021?
- What factors are affecting the strength of competition in the Global government spending market?
- How has the market performed over the last five years?
- What are the main segments that make up the global's government spending market?
The government spending sector is the total amount of public sector expenditure at any sort of level, including central government, local government etc. It is split into the following segments: defense, education, social protection, healthcare, and other. The defense segment includes all military and civil defense spending, foreign military aid, research and development, and other defense related expenditure. The education segment includes all spending on pre-primary, primary, secondary, and tertiary education, as well as education not definable by level, subsidiary services, research and development, and other education related expenditure. The social protection segment includes all spending on sickness and disability, old age, survivors, family and children, unemployment, housing, social exclusion, research and development, and other social protection expenditure. The health segment includes all spending on medical products, appliances, and equipment, as well as outpatient, hospital, and public health services, research and development, and other health expenditure. The other segment includes spending on general public services, public order and safety, economic affairs, environmental protection, housing and community amenities, and recreation, culture and religion, and other government expenditure. Any currency conversions used in the creation of this report have been calculated using constant 2015 annual average exchange rates.
The global government spending sector is expected to generate total revenues of $29,398.8bn in 2016, representing a compound annual growth rate (CAGR) of 3.8% between 2012 and 2016.
The social protection segment is expected to be the sector's most lucrative in 2016, with total revenues of $8,680.3bn, equivalent to 29.5% of the sector's overall value.
Global government expenditure continued its steady growth in 2015, and is expected to accelerate slightly over the forecast period.
Market value forecast
Market value forecast
Five Forces Analysis
Threat of substitutes
Degree of rivalry
General Dynamics Corporation
Lockheed Martin Corporation
The Boeing Company
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Figure 1: Global government spending sector value: $ billion, 2012-16(e)
Figure 2: Global government spending sector category segmentation: % share, by value, 2016(e)
Figure 3: Global government spending sector geography segmentation: % share, by value, 2016(e)
Figure 4: Global government spending sector value forecast: $ billion, 2016-21
Figure 5: Forces driving competition in the global government spending sector, 2016
Figure 6: Drivers of buyer power in the global government spending sector, 2016
Figure 7: Drivers of supplier power in the global government spending sector, 2016
Figure 8: Factors influencing the likelihood of new entrants in the global government spending sector, 2016
Figure 9: Factors influencing the threat of substitutes in the global government spending sector, 2016
Figure 10: Drivers of degree of rivalry in the global government spending sector, 2016
Figure 11: General Dynamics Corporation: revenues and profitability
Figure 12: General Dynamics Corporation: assets and liabilities
Figure 13: Lockheed Martin Corporation: revenues and profitability
Figure 14: Lockheed Martin Corporation: assets and liabilities
Figure 15: Raytheon Company: revenues and profitability
Figure 16: Raytheon Company: assets and liabilities
Figure 17: The Boeing Company: revenues and profitability
Figure 18: The Boeing Company: assets and liabilities
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.