The
global government cloud market generated a revenue of $20.8 billion and
is expected to register a 15.4% CAGR during the forecast period (2017–2023).
The market is growing due to the increasing inclination of government toward
digital transformation, reduction in total cost of ownership (TCO), and
government cloud enabling improved agility and adaptability. The advanced cloud
computing solutions which are majorly developed for government organizations
and institutions are referred to as government cloud. The solutions focus on
the hosting of critical and bulk agency’s data onto cloud.
When product is taken into consideration, the government cloud market is bifurcated into service and product. Between these two, the market was dominated by the product classification during the historical period (2013–2016). In terms of product, the market is divided into disaster recovery (DR), risk & compliance (RCM), storage, identity & access management (IAM), and others (which include work load management and security). The storage division held the largest share of the market during the historical and is predicted to dominate the market during the forecast period. The increased reduction in TCO is a major driving factor of the government cloud market. The government sector is always under intense pressure to cut down capital expenditure without undercutting critical public services. Factors such as labor optimization, measured services, asset utilization, and facilities consolidation are the major aspects due to which different agencies are adopting government cloud. Government institutions are being attracted toward cloud computing by estimating the total savings that comes from consolidating their data centers.
When product is taken into consideration, the government cloud market is bifurcated into service and product. Between these two, the market was dominated by the product classification during the historical period (2013–2016). In terms of product, the market is divided into disaster recovery (DR), risk & compliance (RCM), storage, identity & access management (IAM), and others (which include work load management and security). The storage division held the largest share of the market during the historical and is predicted to dominate the market during the forecast period. The increased reduction in TCO is a major driving factor of the government cloud market. The government sector is always under intense pressure to cut down capital expenditure without undercutting critical public services. Factors such as labor optimization, measured services, asset utilization, and facilities consolidation are the major aspects due to which different agencies are adopting government cloud. Government institutions are being attracted toward cloud computing by estimating the total savings that comes from consolidating their data centers.
Request to get the report sample pages at : https://www.psmarketresearch.com/market-analysis/government-cloud-market/report-sample
The rising government inclination toward digital
transformation is another factor driving the growth of the government cloud
market. The ongoing trend of digital transformation has positively impacted
the government sector for adopting new cloud computing technologies. For
example, the Obama administration’s “Cloud First” initiative kicked off the
mainstream implementation of government cloud, which has further attracted
other central/federal agencies to opt for digital solutions and ramp up their
traditional data centers. Hence, the effort for streamlining government’s
inefficient technology infrastructure is creating huge demand for government
specific cloud offerings in the last few years.
A key trend being observed in the government cloud market
is the surging big data in the government industry. Big data in the government
sector facilitates effective decision making with enhanced administration. Huge
amount of public data is being generated on a daily basis due to the surging
population around the world and the digital transformation of the government
industry. By making use of this big data, governments can enable breakthroughs
in several management programs, where they can use the best available public
information and modify or update citizen welfare policies as per data patterns.
To More Information Visit : P&S Intelligence