Market Overview 2022-2027:
The latest research study “Government Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global government cloud market reached a value of US$ 27.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 71.2 Billion by 2027 exhibiting a CAGR of 16.30% during 2022-2027.
Industry Definition and Application:
Government cloud refers to cloud computing and virtualization products developed specifically for government organizations and institutions.Enables federal agencies to host web applications, deliver citizen services, and enhance overall operational effectiveness. It offers security, better cost efficiency, flexibility, compliance, higher scalability, and improved reliability. It also aids in providing information regarding strategic transformation, creating documentation, configuring customized settings for backup, and developing teams to emphasize products. At present, government cloud services are available in varying delivery modes, such as platform as a service (PaaS), software as a service (SaaS), and infrastructure as a service (IaaS).
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The market is primarily driven by the extensive adoption of digital services in government organizations. In addition, the widespread utilization of government cloud services across several industrial verticals for accessing the excessive amount of citizen data regarding policies, user logs, and systems represents another growth-inducing factor.
Along with this, the integration of cloud-based services, the Internet of Things (IoT), and artificial intelligence (AI) solutions for executing data backup, disaster recovery, and unstructured sequencing information is also contributing to the market growth.
Furthermore, rising investments in research and development (R&D) activities by the leading market players for launching advanced technological solutions and various initiatives undertaken by the governments of numerous countries for strengthening infrastructure by developing cloud-based solutions are other factors augmenting the market growth.
The report has been segmented the market into following categories:
- Hybrid Cloud
- Private Cloud
- Public Cloud
- Infrastructure as a Service
- Platform as a Service
- Software as a Service
Breakup by Application:
- Server and Storage
- Disaster Recovery/Data Backup
- Security and Compliance
- Content Management
Breakup by Region
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Amazon Web Services Inc.
- CGI Inc.
- Cisco Systems Inc.
- Dell Technologies Inc.
- Google LLC (Alphabet Inc.)
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- Microsoft Corporation
- NetApp Inc.
- Oracle Corporation
- Salesforce.com Inc.
- Verizon Communications Inc.
- VMware Inc.
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