The latest report on “Government Cloud Market (Solutions – Cloud Storage, Disaster Recovery, Identity and Access Management, and Risk and Compliance Management; Services – Integration and Migration, Training, Consulting, Education, and Support and Maintenance; Service Model – Software as a Service, Platform as a Service, and Infrastructure as a Service; Deployment Model – Public Cloud, Private Cloud, and Hybrid Cloud): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global government cloud market is projected to grow at a CAGR of 12.0% over the forecast period of 2019-2025.
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Governments around the world are actively looking into cloud computing as a means of increasing efficiency and reducing costs. Cloud Computing Initiative is to modernize the government’s IT infrastructure and help agencies to reduce costs. Federal agencies can purchase government cloud-based IT services through Apps.gov, this website is maintained by the General Services Administration. Cloud computing has the potential to consumed and managed, accelerated innovation, resulting in improved cost efficiencies, faster time-to-market, and the ability to scale applications on demand. A cloud-based solution in government provides improved citizen services, increase operational effectiveness, and deliver proven innovation at a government agency with highly secured, powerful technology.
The cloud provides services to government departments, citizens and businesses through the internet and mobile connectivity. In addition to accelerating the delivery of e-services to citizens and businesses, the government’s largely adopting cloud-based service. This is driving the growth of the market. Government cloud-based platform also supports a number of other objectives including increased standardization, interoperability and integration, under-utilized resources and the spread of best practices. It will also support on-going cost-effectiveness and manageability. The cloud computing provides several advantages such as greater storage and computing capabilities, resources pooling, on-demand self-service, large network access, and automatic system.
A major advantage of cloud that effectively utilizes in government is resource pooling. The computing-based resources are pooled to serve multiple consumers using a multi-tenant model. This provides a growing demand for the government cloud market. The cloud computing model offers massive cost savings combined with increased IT agility. It is considered that the government and industry begin adoption of this technology in response to difficult economic constraints. This further provides significant growth to the market. However, the legal, contractual, and security aspects of cloud computing are affecting the growth of the market. The growing use of SaaS applications, where cognitive technologies are built into the software, has the potential to increase the uptake of AI and other emerging technologies in government. This provides a significant growth opportunity for the government cloud market.
North America is the Largest Revenue Making Region for the Government Cloud Market
North America is the largest revenue making region for the government cloud market owing to the presence of a large number of players offering government cloud solutions and services in this region. Further, increasing investments by government agencies in cloud-based solutions are contributing to the growth of the market in this region. APAC region is growing with a healthy CAGR owing to the urge to adopt new technologies and rapid development in the required infrastructure.
The report on the global government cloud market covers segments such as solutions, services, service models, and deployment models. On the basis of solutions, the sub-markets include cloud storage, disaster recovery, identity and access management, and risk and compliance management. On the basis of services, the sub-markets include integration and migration, training, consulting, education, and support and maintenance. On the basis of the service model, the sub-markets include software as a service, platform as a service, and infrastructure as a service. On the basis of the deployment model, the sub-markets include public cloud, private cloud, and hybrid cloud.
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The report provides profiles of the companies in the market such as Microsoft, AWS, Google, IBM, HPE, Oracle, Salesforce, Cisco Systems, Dell Technologies, and VMware.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the government cloud.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.