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The latest report by IMARC, titled “ GovernmentCloudMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast20 23-2028
” findsthat theglobal government cloud market sizereached US$32.7Billion in 2022.
Government cloud refers to a hybrid solution that allows federal agencies to host web applications, improve overall operational effectiveness, and deliver citizen services. It provides government information regarding strategic transformation, creating documentation, configuring customized settings for backup, and developing teams to focus without managing the underlying server infrastructure. The most common advantages offered by government cloud include security, flexibility, compliance, better cost efficiency, improved reliability, and higher scalability. In recent years, government cloud has gained traction as it is available in different delivery modes, such as platform as aservice(PaaS), infrastructureas aservice(IaaS),and softwareas a service (SaaS).
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One of the primary factors driving the market is the rising adoption of government cloud across numerous industry verticals for accessing the excessive amount of citizen data regarding policies, user logs, and systems from remote endpoints. Additionally, the growing utilization of identity and access management (IAM) is creating a positive market outlook. Other than this, the integration of cloud-based solutions, the Internet of Things (IoT), and artificial intelligence (AI) for data backup and sequencing unstructured information is positively influencing the market growth. Besides this, the constant product innovations to ensure transparency and accountability by eliminating corruption practices are also escalating the demand for government clouds to promote decision-making processes.
Other growth-inducing factors include extensive investment in research and development (R&D) activities for introducing advanced technology solutions and various initiatives undertaken by governments of several nations for strengthening infrastructure by implanting cloud-based solutions to minimize capital expenditure (CAPEX) and the total cost of ownership (TCO). Looking forward, IMARC Group expects the market value to reach US$ 81.2 Billion by 2028, expanding at a CAGR of 15.6% during the forecast period (2023-2028).
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyComponent:
• Solutions
• Services
BreakupbyDeploymentModel:
• Hybrid Cloud
• Private Cloud
• PublicCloud
BreakupbyServiceModel:
• Infrastructureasa Service
• Platformasa Service
• Softwareasa Service
BreakupbyApplication:
• ServerandStorage
• Disaster Recovery/Data Backup
• Securityand Compliance
• Analytics
• Content Management
• Others
BreakupbyRegion:
• 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
• MiddleEast and Africa
CompetitiveLandscapewithKeyPlayers:
• Amazon Web ServicesInc.
• CGI Inc.
• CiscoSystemsInc.
• Dell Technologies Inc.
• GoogleLLC(Alphabet Inc.)
• HewlettPackard EnterpriseDevelopment LP
• International Business MachinesCorporation
• Microsoft Corporation
• NetAppInc.
• OracleCorporation
• Salesforce.comInc.
• Verizon Communications Inc.
• VMware Inc.
ViewFullReportwithTOC&ListofFigure:https://www.imarcgroup.com/government-cloud-market
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