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 Insights

Global 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 refers to a cloud platform or solution specially designed and dedicated to government organizations and institutions. The increasing emphasis of governments around the world on cost and resource optimization is projected to bolster the demand for government cloud. adoption of digital transformation initiatives by government organizations around the world is also estimated to benefit market growth in the future. The rising generation of data in government institutions and the increasing need for efficient storage solutions will also create new opportunities for government cloud providers going forward. Increasing implementation of IoT devices and other advanced technologies in government institutions will also bolster the demand for government cloud over the coming years. However, integration with legacy infrastructure and data privacy and compliance concerns are predicted to hamper government cloud market growth in the long term.

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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

$5,300
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