PUNE, India, October 16, 2017 /PRNewswire/ --
According to a new research report "Government Cloud Market by Solution (Cloud Storage, Disaster Recovery, Identity and Access Management, Risk and Compliance Management), Service, Service Model (IaaS, PaaS, SaaS), Deployment Model, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market size is expected to grow from USD 15.40 Billion in 2017 to USD 28.85 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period.
Browse 62 Market Data Tables and 37 Figures spread through 119 Pages and in-depth TOC on "Government Cloud Market"
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The demand for government cloud is driven by various factors, such as lower IT costs, availability of compliant solutions, minimized human dependence, protection of enterprise data against disasters, and need for regulatory compliances.
The cloud storage segment is estimated to contribute the largest market share in 2017.
Among solutions, the cloud storage segment is estimated to have the largest market size in 2017 and is expected to continue its dominance during the forecast period. The enormous data volumes that the local, national, and international governmental bodies and associated agencies handle create the need for a robust, secure, and cost-efficient storage infrastructure. The major factors driving the growth of the cloud storage segment include reduced cost of data storage, increasing demand for hybrid cloud storage, instant access and mobility, and easy deployment of cloud storage solutions.
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Integration and migration segment is expected to grow at the highest CAGR during the forecast period.
With the increasing deployment of cloud computing, the integration and migration services segment is expected to grow at the highest CAGR during the forecast period. The migration to the cloud enables the government organizations and businesses to move their computing assets, such as applications, databases, infrastructures, platforms, and email databases, to the cloud. Integration services offer the seamless functioning of the critical traditional systems with the cloud infrastructure and resolve the issues of interoperability.
North America is expected to contribute the largest market share whereas Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period.
North America is expected to have the largest market share and dominate the Government Cloud Market during the forecast period. The region is extremely responsive toward adopting the latest technological advancements, such as cloud and mobile technologies, in the government firms. The major growth drivers for this region are the large-scale investments in the implementation of cloud infrastructure, due to the growth in advanced applications and need for better control and visibility mechanisms. The APAC region is in the growth phase; however, it is expected to be the fastest-growing region in the global Government Cloud Market. The increased government initiatives and ICT spending in the APAC region are facilitating the growth in this region.
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The major vendors providing government cloud solutions and services are Amazon Web Services (Washington, US), Microsoft (Washington, US), IBM (New York, US), Google (California, US), HPE (California, US), Oracle (California, US), Salesforce (California, US), Cisco Systems (California, US), Dell Technologies (Texas, US), VMware (California, US), Verizon (New York, US), CGI Group (Montreal, Canada), AT&T (Texas, US), SAP (Walldorf, Germany), NetApp (California, US), Informatica (California, US), Huddle (London, UK), Capgemini (Paris, France), CenturyLink (Louisiana, US), Citrix (Florida, US), Equinix (California, US), Fujitsu (Tokyo, Japan), NTT DATA (Tokyo, Japan), Red Hat (North Carolina, US), and NEC (Tokyo, Japan).
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