The government cloud market size was valued at USD 22.86 billion in 2020 and is estimated to expand at considerable CAGR during the forecast period, 2021−2028. The growth of the market is attributed to increasing digital content over the government organization.
The government cloud is a global initiative to assist and build cloud solutions that satisfy the demands of federal governments around the world in terms of IT, strategic, operational, and financial objectives. Government clouds are related to the cloud computing and virtualization solutions that are especially developed for the government organization. Government cloud is mandatory because of the legacy system includes physical hardware are not efficient and it might run out of space.
The covid-19 pandemic has caused disruption around the globe. In the Covid-19 pandemic the cloud market has positive impact due to the remote work and digitalization boost for use of cloud-based solutions.
Market Trends, Drivers, Restraints, and Opportunities
- Government data generation is raising due to increasing population hence new initiatives and partnership with other regions is estimated to drive the market.
- Rapid increases in the systematic opening of government data around the world as the United States launches the data.gov cloud portal in 2009 is projected to grow the cloud market.
- Cloud is responsible for transparency of government data and reduces the corruption. This is estimated to drive the government cloud market during the forecast period.
- The skills gap between the employees is one of the major problems faced by cloud computing which estimated to hinder the market growth.
- Security is one of the major problems in the cloud computing this is hampering the cloud market.
- Implementation of Identity and access management (IAM) solutions through cloud is estimated to fuel the government cloud market.
Scope of Government Cloud Market Report
The report on the government cloud market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Government Cloud Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Deployment Models (Private Cloud, Public Cloud, and Hybrid Cloud), Delivery Modes (IaaS, PaaS, and SaaS), Applications (Server & Storage, Disaster Recovery/Data Backup, Security, Compliance, Analytics, and Content Management)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Amazon Web Services Inc.; AT&T Inc.; CGI Inc.; Cisco Systems Inc.; Dell Inc.
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Government Cloud Market Segment Insights
The hybrid cloud segment is expected to grow at a rapid pace
Base on the deployment models, the government cloud market is divided into private cloud, public cloud, and hybrid cloud. The hybrid cloud segment is expected to grow at a rapid pace in the coming years due to most of the enterprises are shifted towards the hybrid cloud where they shift certain workload to manage skilled internal team. However, the public cloud segment is expected to expand at a rapid rate during the projected period owing to the demand of data storage in the public cloud.
The SaaS segment is projected to expand at a considerable CAGR
On the basis of delivery modes, the market is segmented into IaaS, PaaS, and SaaS. The Software-as-a-Service segment is projected to expand at a considerable CAGR during the forecast period as the SaaS-based applications and services are used as integrating with cloud and on-premises models in hybrid environments. SaaS application is also used in the organizations to connect with existing application and platforms in their data centers and other cloud platforms.
The server & storage segment is estimate to gain a large revenue share
Based on the application, the government cloud market is segmented into server & storage, disaster recovery/data backup, security, compliance, analytics, and content management. The server & storage segment is estimated to gain a large revenue share during the forecast period due to increasing population demanding more server and storage.
Asia pacific is anticipated to constitute a key market share
In terms of regions, the government cloud market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key market share during the forecast period owing to development in the IT sector and initiative taken by some countries in the Asia pacific region. The Japanese government gave contract to the Amazon Web Services to help in human resource and document management tools on the cloud.
Segments
The government cloud market has been segmented on the basis of
Deployment models
- Private cloud
- Public cloud
- Hybrid cloud
Delivery modes
Applications
- Server & Storage
- Disaster Recovery/Data Backup
- Security, and Compliance
- Analytics
- Content Management
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key players
Competitive Landscape
Key players competing in the government cloud market include Amazon Web Services Inc.; AT&T Inc.; CGI Inc.; Cisco Systems Inc.; Dell Inc.
These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.
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