Posted by Global Government Cloud Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Government cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global government cloud market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global government cloud market size reached US$ 32.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 81.2 Billion by 2028 exhibiting a growth rate (CAGR) of 15.6% during 2023-2028.
Government cloud (GovCloud) is a specialized cloud computing environment exclusively designed to cater to the unique needs of government agencies and public sector organizations. It is created by establishing a dedicated cloud infrastructure by authorized cloud service providers. It is characterized by its stringent security measures, compliance with regulatory requirements, and scalability to handle the vast volumes of data and applications essential for government operations. It provides a secure and cost-effective platform for government agencies to manage their information technology (IT) infrastructure and services while ensuring data privacy and compliance. It offers benefits, such as enhanced data security, cost efficiency through resource scaling, and support for digital transformation initiatives. It is primarily used by government agencies for various purposes, including data storage for improving overall operational efficiency and citizen services.
Global Government Cloud Market Trends and Drivers:
The rising need for enhanced data security and compliance in the public sector to safeguard various confidential information represents one of the crucial factors impelling the growth of the market. Additionally, the growing awareness about the beneficial aspects of cloud computing among governing agencies of various countries, such as cost savings through resource scaling and improved operational efficiency, is offering a favorable market outlook. Besides this, the increasing adoption of edge computing within GovCloud to reduce latency and enhance real-time decision-making capabilities is bolstering the market growth. Moreover, the rising focus on delivering citizen-centric services to enhance engagement, service accessibility, and satisfaction among citizens is supporting the growth of the market. In addition, the increasing employment of artificial intelligence (AI) and machine learning (ML) capabilities in GovCloud for predictive analytics and automation is contributing to the market growth. Furthermore, the growing utilization of hybrid cloud models, combining public and private cloud resources to achieve flexibility and cost optimization while maintaining sensitive data in remote environments, is positively influencing the market. Apart from this, the increasing integration of collaboration tools within GovCloud environments to enhance communication and coordination among departments and agencies, especially in remote work scenarios, is strengthening the growth of the market.
Global Government Cloud Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 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. and VMware Inc.
The report segmented the market on the basis of region, component, deployment model, service model and application.
Breakup by Component:
- Solutions
- Services
Breakup by Deployment Model:
- Hybrid Cloud
- Private Cloud
- Public Cloud
Breakup by Service Model:
- 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
- Analytics
- Content Management
- Others
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
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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