Government Cloud Market Report 2023: Sector to Reach $81.2 Billion by 2028 at a 16.37% CAGR - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Government Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global government cloud market size reached US$ 32.7 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 81.2 Billion by 2028 exhibiting a CAGR of 16.37% during 2022-2028.

Government cloud refers to a specially designed hybrid solution that enables federal agencies to host web applications, deliver citizen services, and enhance overall operational effectiveness. It aids in providing the government information regarding strategic transformation, creating documentation, configuring customized settings for backup, and developing teams to emphasize products without managing the underlying server infrastructure. Some of the common advantages of using government cloud include flexibility, security, compliance, better cost efficiency, enhanced reliability, and higher scalability.

Currently, it is available in varying delivery modes, such as infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS).

Government Cloud Market Trends:

The widespread adoption of government cloud across various industrial verticals for accessing the excessive amount of citizen data regarding user logs, policies, and systems from remote endpoints is one of the key factors driving the market growth. In line with this, the integration of the Internet of Things (IoT), cloud-based solutions, and artificial intelligence (AI) for implementing disaster recovery, data backup, and sequencing unstructured information is acting as another growth-inducing factor.

Additionally, the rapid adoption of identity and access management (IAM) across various industrial verticals is propelling the market growth. The continual launch of cloud-based government web portals to ensure transparency and accountability by eliminating corruption practices, along with the increasing requirement of cloud-based security services to promote decision-making procedures, are positively stimulating the market growth further.

Other factors, such as the rising investments in research and development (R&D) activities for launching advanced technological solutions and the numerous initiatives undertaken by the governments of various countries for strengthening infrastructure by implementing cloud-based solutions to reduce capital expenditure (CAPEX) and the total cost of ownership (TCO) are creating a positive outlook for the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global government cloud market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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 Questions Answered in This Report:

• How has the global government cloud market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global government cloud market?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the deployment model?
• What is the breakup of the market based on the service model?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global government cloud market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Government Cloud Market

6 Market Breakup by Component

7 Market Breakup by Deployment Model

8 Market Breakup by Service Model

9 Market Breakup by Application

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape

Companies Mentioned

• 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.
• VMware Inc.

For more information about this report visit https://www.researchandmarkets.com/r/1uxblc

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