Government Technology Market Observations and Trends

This document is a report detailing Lincoln International's observations on the government technology (GovTech) market. It outlines the increasing preference among government agencies for integrated software solutions, driven by the need for efficiency and coordination. The report indicates significant growth potential in the GovTech market, fueled by cloud migration, federal support, and strategic mergers and acquisitions (M&A). It discusses the benefits of integrated platforms, which simplify procurement and reduce costs for government agencies. The report also highlights the attractive buying behavior of government agencies, presenting opportunities for vendors and private equity firms through cross-selling and M&A strategies. Furthermore, it notes the challenges faced by the GovTech sector, including outdated systems and bureaucratic hurdles, while emphasizing the market's potential for disruption and innovation. The document concludes with insights into the rising interest in GovTech valuations and M&A activity, reflecting the sector's growth and resilience.