The latest research study by IMARC Group, “Government Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global government cloud market growth. The global government cloud market reached a value of US$ 27.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 71.2 Billion by 2027 exhibiting a CAGR of 16.30% during 2022-2027.
Government Cloud Industry Outlook:
Government cloud refers to cloud computing and virtualization products developed specifically for government organizations and institutions. It enables federal agencies to host web applications, deliver citizen services, and enhance overall operational effectiveness. It offers security, better cost efficiency, flexibility, compliance, higher scalability, and improved reliability. It also aids in providing information regarding strategic transformation, creating documentation, configuring customized settings for backup, and developing teams to emphasize products. At present, government cloud services are available in varying delivery modes, such as platform as a service (PaaS), software as a service (SaaS), and infrastructure as a service (IaaS).
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Market Trends:
The market is primarily driven by the extensive adoption of digital services in government organizations. In addition, the widespread utilization of government cloud services across several industrial verticals for accessing the excessive amount of citizen data regarding policies, user logs, and systems represents another growth-inducing factor.
Along with this, the integration of cloud-based services, the Internet of Things (IoT), and artificial intelligence (AI) solutions for executing data backup, disaster recovery, and unstructured sequencing information is also contributing to the market growth.
Furthermore, rising investments in research and development (RD) activities by the leading market players for launching advanced technological solutions and various initiatives undertaken by the governments of numerous countries for strengthening infrastructure by developing cloud-based solutions are other factors augmenting the market growth.
Government Cloud Market Report Scope | |
Report Coverage | Details |
Market size value in 2021 | US$ 27.6 Billion |
Market forecast in 2027 | US$ 71.2 Billion |
Growth Rate | CAGR of 6.40% from 2022 to 2027 |
Base year for estimation | 2021 |
Historical data | 2016-2021 |
Forecast period | 2022-2027 |
Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Market Segmentation:
The report has segmented the global government cloud market on the basis of component, deployment model, service model, application and region.
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 Geography:
- 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
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List of Key Companies Covered in this Market Report:
The major players in the market are 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. and VMware Inc.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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