Global Government Cloud Market

Government Cloud Market Size, Share, Growth Analysis, By Deployment Model(Public Cloud, Private Cloud, Hybrid Cloud), By Delivery Model(Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By Solution(Cloud Storage, Disaster Recovery, Identity and Access Management (IAM), Risk and Compliance Management), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45D2102 | Region: Global | Published Date: May, 2024
Pages: 197 | Tables: 92 | Figures: 74

Government Cloud Market Dynamics

Drivers

Emphasis on Resource Optimization

  • Government organizations around the world are focusing on improving capital and resource optimization to improve governing and resolve the issue of overprovisioning. This trend is slated to bolster the demand for government cloud going forward.

Growing Adoption of Digital Transformation

  • Governments around the world are launching digital transformation initiatives to improve governance through incorporation of technologies thereby promoting government cloud adoption as well.

Restraints

Legacy System Integration

  • Governments around the world have been using legacy systems since their inception and integrating government cloud with these systems is a challenge, which could impede market growth in the future.

Data Privacy and Security Issues

  • Rising incidence of cyberattacks and rapidly evolving threat landscape have raised concerns regarding data security and privacy of government cloud, which hurt market development.
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FAQs

Government Cloud Market size was valued at USD 31.45 billion in 2022 and is poised to grow from USD 37.05 billion in 2023 to USD 137.4 billion by 2031, growing at a CAGR of 17.8% in the forecast period (2024-2031).

Government cloud providers should focus on establishing collaborations and partnerships with different governments around the world to boost revenue generation. Government cloud market players should also emphasize the utilization of advanced technologies to offer more functionality to end users. 'Amazon Web Services Inc.', 'AVEVA Group plc', 'Hewlett Packard Enterprise Development LP', 'ABB', 'VMware Inc.', 'Hexaware Technologies Limited', 'IBM Corporation', 'Oracle Corporation', 'Microsoft Corporation', 'Dell', 'Salesforce Inc.', 'NTT Data Inc.', 'KELLTON TECH', 'Altair Engineering Inc.', 'Cisco Systems Inc.', 'Atos SE', 'Google LLC', 'DXC Technology Company'

Government organizations around the world are focusing on improving capital and resource optimization to improve governing and resolve the issue of overprovisioning. This trend is slated to bolster the demand for government cloud going forward.

Hybrid and Multi-Cloud Platforms: Government cloud providers should focus on providing hybrid and multi-cloud services to maximize their business scope as governments become more aware of the benefits these solutions provide.

North America is estimated to account for a substantial share of the government cloud market. The rapid adoption of digital technologies and cloud platforms by governments in this region has allowed it to maintain its dominance. The presence of key cloud technology companies and the launch of new government regulations allowing the use of cloud platforms for government institutions are also estimated to bolster market growth in this region. Canada and the United States are forecasted to be the top markets for government cloud companies operating in this region.

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Global Government Cloud Market

Report ID: SQMIG45D2102

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