According to the latest report by IMARC Group, "Global Government Cloud Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", 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.
Government cloud refers to cloud computing and virtualization products developed specifically for government organizations and institutions. It 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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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Government Cloud Market Trends and Drivers:
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 (RD) 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.
Global Government Cloud Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
- 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: We Bring Companies and Customers Together Inc.
- Verizon Communications Inc.
- VMware Inc.
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The report has 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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- 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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