Government Cloud Market
How Big is the Global Government Cloud 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.
What is Government Cloud?
The government cloud is a specialized computing environment crafted to address the distinctive requirements, security prerequisites, and regulatory adherence essential for government agencies and public sector entities. This cloud setup encompasses both a community cloud and a hybrid cloud, enabling agencies to capitalize on cloud advantages while safeguarding sensitive data on-premises for enhanced security. Tailoring options are available to align with specific agency needs while upholding security standards. The platform offers sophisticated access management tools to govern data accessibility securely. It furnishes a secure and scalable foundation for hosting and managing an extensive array of applications, data, and services, all while strictly adhering to data protection and privacy regulations. The government cloud can securely centralize a vast volume of data, encompassing citizen records and administrative documents. This centralized and secure storage enables the delivery of online services to citizens and businesses, such as tax filings and permit applications. Moreover, it facilitates efficient collaboration among agencies for projects and seamless information sharing within a secure ecosystem. Notably, the government cloud is equipped with robust disaster recovery capabilities, ensuring rapid restoration of critical data and applications in emergency scenarios. Additionally, it incorporates advanced security measures like encryption and intrusion detection to fortify against cyber threats.
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Global Government Cloud Market Trends and Drivers:
Currently, the global uptake of cloud services by governmental bodies is on the rise. This surge is propelled by a desire for modernization, improved operational efficiency, and cost-effectiveness. This trend stands as a pivotal factor fueling market growth. Additionally, the escalating threat of cyberattacks and security breaches has heightened the focus on data security and privacy, further boosting the market. Furthermore, the ongoing development of smart cities worldwide, aimed at enhancing residents’ quality of life, urban infrastructure, sustainability, and economic progress, presents a promising market outlook. The market is further driven by the increasing need for seamless interoperability among diverse government systems and departments. The infusion of cutting-edge technologies like artificial intelligence (AI), big data, and the Internet of Things (IoT) into government operations is a significant market growth driver. Cloud computing offers substantial benefits such as improved agility, scalability, cost-efficiency, and citizen-centric service delivery, fostering market growth. Moreover, the growing adoption of multi-cloud and hybrid cloud strategies, mitigating risks associated with reliance on a single provider, is bolstering market expansion.
Global Government Cloud Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
Amazon Web Services Inc.
Cisco Systems Inc.
Dell Technologies Inc.
Google LLC (Alphabet Inc.)
Hewlett Packard Enterprise Development LP
International Business Machines Corporation
Verizon Communications Inc.
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The report segmented the market on the basis of region, component, deployment model, service model and application.
Breakup by Component:
Breakup by Deployment Model:
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
Breakup By Regions:
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
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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