Government Cloud Market
The market was valued at USD 13.65 billion in 2016, and is estimated to record a CAGR of 34.24% during the forecast period (2017-2022), to reach USD 79.87 billion by 2022. Increasing storage and computing capabilities, reduced costs, increased transparency to people, and acceleration in data center consolidation, are some of the factors that are expected to drive the global government cloud market.
IAAS EXPECTED TO DOMINATE THE MARKET LANDSCAPE
IaaS gives agencies access to the network, hardware, data center resources, and sometimes, operating systems through a vendor, like, AWS or Rackspace. For companies that aim to develop their web platform, manage, and run it, IaaS provides the companies the impression that their infrastructure resides in someone else’s data center. The option usually requires a significant investment of agency time and resources, and a dedicated team to manage everything, from technology updates and security monitoring to managing help desk tickets, scalability, and web site uptime. Owing to the aforementioned factors, the government has been investing significantly, boosting the adoption IaaS, indirectly helping the government cloud market to grow.
NORTH AMERICA HOLDS THE MAJOR MARKET SHARE
The government sector in this region is very well established and looks for methods to innovate and move forward, to bring efficiency in their day-to-day operations and for the people. Additionally, major players, like, AWS and Microsoft, are based in the United States. Microsoft offers products, like, the Microsoft Azure Government, which is used to efficiently offer a unique cloud instance, exclusively for government customers and their solution providers. Factors like these are set to boost the growth of the North American government cloud market during the forecast period.
MAJOR PLAYERS IN THE MARKET
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The report on The Global Government Cloud market covers the following: