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Industry Landscape
The local government and municipal services industry in the U.S. is currently stable, focusing on essential services, community development, and digital transformation. Cities are leveraging technology for improved citizen engagement and service delivery, while also addressing infrastructure needs and economic growth initiatives. Tourism-dependent areas prioritize recreational offerings. Budgetary constraints remain a consistent challenge.
Total Assets Under Management (AUM)
Total Local Government Spending in United States
~Approximately $2.1 trillion (2022, U.S. Census Bureau, State and Local Government Finances)
(3.5% CAGR)
- Growth driven by increased demand for public services.
- Inflationary pressures impacting operational costs.
- Federal funding and local tax revenues contribute to variability.
Total Addressable Market
2.1 trillion USD