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 industry growth, size, share, trends, and 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.
GovCloud, also known as the Government Cloud, is a specialized cloud computing environment tailored specifically to meet the distinctive needs of government agencies and organizations within the public sector. It is established by authorized cloud service providers who create a dedicated cloud infrastructure. This environment is recognized for its rigorous security measures, strict adherence to regulatory requirements, and its ability to scale to manage substantial volumes of data and essential applications crucial for government operations. GovCloud furnishes a secure and cost-efficient platform for government agencies to oversee their information technology (IT) infrastructure and services, all while upholding data privacy and compliance standards. The advantages of utilizing GovCloud encompass heightened data security, cost-effectiveness achieved through resource scaling, and support for initiatives aimed at digital transformation. Government agencies primarily employ GovCloud for a range of purposes, including data storage to enhance overall operational efficiency and citizen services.
Global Government Cloud Market Trends and Drivers:
The market’s growth is propelled by several critical factors. Firstly, there’s a growing demand for heightened data security and compliance within the public sector to protect confidential information effectively. Secondly, governing agencies across various countries are increasingly recognizing the advantages of cloud computing, such as cost savings through resource scaling and improved operational efficiency, further boosting the market. Additionally, the market is benefiting from the rising adoption of edge computing within GovCloud, aimed at reducing latency and enhancing real-time decision-making capabilities. Another contributing factor is the heightened focus on delivering citizen-centric services to improve engagement, service accessibility, and citizen satisfaction. Incorporating artificial intelligence (AI) and machine learning (ML) capabilities within GovCloud for predictive analytics and automation is another significant driver of market growth. Furthermore, the market is positively influenced by the growing use of hybrid cloud models, which blend public and private cloud resources to achieve flexibility and cost optimization while safeguarding sensitive data in remote environments. Lastly, the integration of collaboration tools within GovCloud environments to enhance communication and coordination among departments and agencies, especially in remote work scenarios, is further fueling market growth.
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.
About Us:
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.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
